| FJ Wassell Properties Limited |
| Registered number: |
03354786 |
| Balance Sheet |
| as at 30 September 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
507,000 |
|
|
507,000 |
|
| Current assets |
| Debtors |
4 |
|
8,589 |
|
|
8,265 |
| Cash at bank and in hand |
|
|
102,348 |
|
|
93,261 |
|
|
|
110,937 |
|
|
101,526 |
|
| Creditors: amounts falling due within one year |
5 |
|
(28,851) |
|
|
(32,056) |
|
| Net current assets |
|
|
|
82,086 |
|
|
69,470 |
|
| Net assets |
|
|
|
589,086 |
|
|
576,470 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
51 |
|
|
51 |
| Revaluation reserve |
6 |
|
|
472,795 |
|
|
472,795 |
| Profit and loss account |
|
|
|
116,240 |
|
|
103,624 |
|
| Shareholders' funds |
|
|
|
589,086 |
|
|
576,470 |
|
|
|
|
|
|
|
|
| Number |
Number |
| Average number of employees |
|
|
|
3 |
|
|
2 |
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
- |
|
|
|
|
|
|
|
|
| R Wassell |
| Director |
| Approved by the board on 18 January 2026 |
|
| FJ Wassell Properties Limited |
| Notes to the Accounts |
| for the year ended 30 September 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents gross rental income. |
|
|
Tangible fixed assets |
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: |
|
|
Freehold buildings |
not provided |
|
Fixtures, fittings, tools and equipment |
10% straight line |
|
|
It is company policy to maintain freehold buildings in good repair, such that their residual values are at least equal to book values. Having regard to this, it is the opinion of the directors that depreciation on any such buildings, as required by the Companies Act and financial reporting standards, would not be material.
The directors annually review the value of the properties. |
|
|
|
|
|
Debtors |
|
Short term debtors include prepayments and rents owed. |
|
|
Creditors |
|
Short term creditors are accruals at invoice price, corporation tax owed and amounts owed to directors. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2024 |
507,000 |
|
9,397 |
|
516,397 |
|
At 30 September 2025 |
507,000 |
|
9,397 |
|
516,397 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2024 |
- |
|
9,397 |
|
9,397 |
|
At 30 September 2025 |
- |
|
9,397 |
|
9,397 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2025 |
507,000 |
|
- |
|
507,000 |
|
At 30 September 2024 |
507,000 |
|
- |
|
507,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
34,205 |
|
34,205 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
34,205 |
|
34,205 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
8,589 |
|
8,265 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
7,744 |
|
9,380 |
|
Other creditors |
21,107 |
|
22,676 |
|
|
|
|
|
|
28,851 |
|
32,056 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 October 2024 |
472,795 |
|
472,795 |
|
|
At 30 September 2025 |
472,795 |
|
472,795 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
| B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
R. Wassell |
|
Loan account |
(18,963) |
|
18,979 |
|
(16,560) |
|
(16,544) |
|
|
|
(18,963) |
|
18,979 |
|
(16,560) |
|
(16,544) |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
FJ Wassell Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
|
Gothersley Lodge |
|
Greensforge Lane |
|
Stourbridge |
|
West Midlands |
|
DY7 5BA |