Wright 2020 Property Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12353908 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Wright 2020 Property Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Wright

REGISTERED OFFICE:

3 Stoke Road

Ashton

Northampton

NN7 2JN

REGISTERED NUMBER:

12353908 (England and Wales)

Fixed assets

Tangible assets

3

2,196,485

1,969,088

Current assets

Debtors

4

88,780

88,886

Cash at bank

179,028

501,250

267,808

590,136

Creditors

Amounts falling due within one year

5

(2,026,669

)

(2,233,792

)

Net current liabilities

(1,758,861

)

(1,643,656

)

Total assets less current liabilities

437,624

325,432

Creditors

Amounts falling due after more than one year

6

(152,271

)

(152,271

)

Net assets

285,353

173,161

Capital and reserves

Called up share capital

101

Retained earnings

7

285,252

173,060

285,353

173,161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 May 2026 and were signed by:

D Wright - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

COST

At 1 January 2025

1,966,572

5,315

1,971,887

Additions

227,164

890

228,054

At 31 December 2025

2,193,736

6,205

2,199,941

DEPRECIATION

At 1 January 2025

-

2,799

Charge for year

-

657

At 31 December 2025

-

3,456

NET BOOK VALUE

At 31 December 2025

2,193,736

2,749

2,196,485

At 31 December 2024

1,966,572

2,516

1,969,088

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

4,637

5,921

Other debtors

82,187

82,121

Prepayments

1,956

844

88,780

88,886

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

6,742

4,684

Corporation tax

32,517

21,333

Social security and other tax

(2,227

)

(1,431

)

VAT

259

364

Other creditors

38

Net wages

-

(307

)

Directors' current accounts

1,984,719

2,208,411

Accruals and deferred income

3,450

-

Accrued expenses

1,171

700

2,026,669

2,233,792

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

2025

2024

£

Mortgage-Vida Homeloan

152,271

7.

RESERVES

Retained

earnings

£

At 1 January 2025

173,060

Profit for the year

112,192

At 31 December 2025

285,252