Wardcrop Assured Tenancies Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02272711 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Wardcrop Assured Tenancies Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Holder

SECRETARY:

C A Holder

REGISTERED OFFICE:

C/O Holder Blackthorn LLP

Studio 2

50-54 St Pauls Square

Birmingham

B3 1QS

REGISTERED NUMBER:

02272711 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Studio 2

50-54 St Pauls Square

Birmingham

West Midlands

B3 1QS

FIXED ASSETS

Tangible assets

4

-

Investment property

5

1,630,000

2,245,000

1,630,000

2,245,000

CURRENT ASSETS

Debtors

6

1,349

8,356

Cash at bank

121,173

69

122,522

8,425

CREDITORS

Amounts falling due within one year

7

5,592

113,843

NET CURRENT ASSETS/(LIABILITIES)

116,930

(105,418

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,746,930

2,139,582

PROVISIONS FOR LIABILITIES

173,870

258,407

NET ASSETS

1,573,060

1,881,175

CAPITAL AND RESERVES

Called up share capital

8

34,500

Fair value reserve

9

824,828

1,118,440

Retained earnings

9

713,732

728,235

SHAREHOLDERS' FUNDS

1,573,060

1,881,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 18 May 2026 and were signed by:

S J Holder - Director

1.	STATUTORY INFORMATION

Wardcrop Assured Tenancies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 as modified by the revaluation of certain assets.

Turnover

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

The policies adopted for the recognition of turnover are as follows:

Rents receivable

Turnover from property rentals is recognised on a straight-line basis over the
lease term.

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

For the purposes of clarity, as this surplus or deficit is not realised, a transfer is made to a separate 'Fair Value revaluation reserve', net of any deferred tax provision arising on the surplus or deficit. This reserve does not form part of the company's distributable reserves.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

2,497

DEPRECIATION

At 1 April 2025

and 31 March 2026

2,497

NET BOOK VALUE

At 31 March 2026

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,245,000

Disposals

(275,000

)

Impairments

(340,000

)

At 31 March 2026

1,630,000

NET BOOK VALUE

At 31 March 2026

1,630,000

At 31 March 2025

2,245,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2017

1,078,695

Valuation in 2018

143,150

Valuation in 2019

100,000

Valuation in 2022

55,000

Valuation in 2026

(378,149

)

Cost

631,304

1,630,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

Cost

631,304

868,155

The investment properties were valued on an open market basis on 31 March 2026 by the director, Mr S Holder .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

-

6,811

Other debtors

1,349

1,545

1,349

8,356

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

-

6,973

Trade creditors

1,800

4,412

Taxation and social security

240

6,635

Other creditors

3,552

95,823

5,592

113,843

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

34,500

Ordinary Shares

£1

34,500

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2025

728,235

1,118,440

1,846,675

Deficit for the year

(14,503

)

(14,503

)

Realisation of property
revaluation gains/(losses) of
previous years

-

(38,149

)

(38,149

)

Fair value adjustment

-

(340,000

)

(340,000

)

Deferred tax

-

84,537

At 31 March 2026

713,732

824,828

1,538,560

The fair valuation reserve is stated after provision for the deferred tax potentially arising on future disposals at their fair value of £248,870 (2025 - £258,407).