Wisemove Estate and Lettings Agents (Bridgend) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13534969

Wisemove Estate and Lettings Agents (Bridgend) Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2026

Wisemove Estate and Lettings Agents (Bridgend) Limited

Statement of Financial Position

31 March 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	4	16,000	18,000
Tangible assets	5	25,445	13,097
		--------	--------
		41,445	31,097

Current assets

Debtors	6	56,222	17,282
Cash at bank and in hand		2	2
		--------	--------
		56,224	17,284

Creditors: amounts falling due within one year	7	193,858		78,290
		---------		--------
Net current liabilities			137,634	61,006
			---------	--------
Total assets less current liabilities			( 96,189)	( 29,909)

Creditors: amounts falling due after more than one year	8	1,522	773
		--------	--------
Net liabilities		( 97,711)	( 30,682)
		--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 97,713)	( 30,684)
	--------	--------
Shareholders deficit	( 97,711)	( 30,682)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Wisemove Estate and Lettings Agents (Bridgend) Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 8 May 2026 , and are signed on behalf of the board by:

Mr P Tovey

Director

Company registration number: 13534969

Wisemove Estate and Lettings Agents (Bridgend) Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 50a Oxford Street, Pontycymer, CF32 8DB, Bridgend.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Equipment	-	25 % reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2025: 2 ).

4. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025 and 31 March 2026	20,000
	--------
Amortisation
At 1 April 2025	2,000
Charge for the year	2,000
	--------
At 31 March 2026	4,000
	--------
Carrying amount
At 31 March 2026	16,000
	--------
At 31 March 2025	18,000
	--------

5. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2025	3,627	10,858	14,485
Additions	15,370	2,662	18,032
	--------	--------	--------
At 31 March 2026	18,997	13,520	32,517
	--------	--------	--------
Depreciation
At 1 April 2025	261	1,127	1,388
Charge for the year	2,826	2,858	5,684
	--------	--------	--------
At 31 March 2026	3,087	3,985	7,072
	--------	--------	--------
Carrying amount
At 31 March 2026	15,910	9,535	25,445
	--------	--------	--------
At 31 March 2025	3,366	9,731	13,097
	--------	--------	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	51,310	13,475
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,339	–
Other debtors	3,573	3,807
	--------	--------
	56,222	17,282
	--------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	14,196	487
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,932	–
Social security and other taxes	12,856	2,116
Other creditors	162,874	75,687
	---------	--------
	193,858	78,290
	---------	--------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Credit card	1,522	773
	-------	----