Wright Properties (East Anglia) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03824693

Wright Properties (East Anglia) Limited

Unaudited financial statements

31 March 2026

Wright Properties (East Anglia) Limited

Statement of financial position

31 March 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		101,339		122,751

Current assets

Stocks		1,373,750	1,017,048
Debtors	6	476,502	495,702
Cash at bank and in hand		193,848	777,342
		-----------	-----------
		2,044,100	2,290,092

Creditors: Amounts falling due within one year	7	( 2,087,219)		( 2,115,726)
		-----------		-----------
Net current (liabilities)/assets			( 43,119)		174,366
			---------		---------
Total assets less current liabilities			58,220		297,117
			-------		---------
Net assets			58,220		297,117
			-------		---------

Capital and reserves

Called up share capital	8	90	90
Profit and loss account to 31 March 2022		564,787	599,587
Profit and loss account		( 506,657)	( 302,560)
		---------	---------
Shareholders funds		58,220	297,117
		---------	---------

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 comprehensive income 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 .

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

A Wright

Director

Company registration number: 03824693

Wright Properties (East Anglia) 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 Sixty Six, North Quay, Great Yarmouth, Norfolk, NR30 1HE. The trading address is 5 Primrose Close, Ormesby St Margaret, Great Yarmouth, Norfolk, NR29 3RD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Land and building	-	10% straight line
Plant and machinery	-	15% reducing balance
Computer equipment	-	33% reducing balance
Motor vehicle	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Defined contribution pension 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.

4. Employee numbers

The average number of employees during the year was 4 (2025: 4 ).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2025 and 31 March 2026	12,500	105,200	39,595	157,295
	-------	---------	-------	---------
Depreciation
At 1 April 2025	12,499	12,450	9,595	34,544
Charge for the year	–	13,912	7,500	21,412
	-------	---------	-------	---------
At 31 March 2026	12,499	26,362	17,095	55,956
	-------	---------	-------	---------
Carrying amount
At 31 March 2026	1	78,838	22,500	101,339
	-------	---------	-------	---------
At 31 March 2025	1	92,750	30,000	122,751
	-------	---------	-------	---------

6. Debtors

	2026	2025
	£	£
Other debtors	476,502	495,702
	---------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	1,667	11,667
Trade creditors	–	30,096
Social security and other taxes	8,282	7,034
Net wages	777	717
Other creditors	2,076,493	2,066,212
	-----------	-----------
	2,087,219	2,115,726
	-----------	-----------

8. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary A shares shares of £ 1 each	50	50	50	50
Ordinary B shares shares of £ 1 each	20	20	20	20
Ordinary C shares shares of £ 1 each	20	20	20	20
	----	----	----	----
	90	90	90	90
	----	----	----	----

9. Transactions with directors

At the year end A Wright owed the company £55,841 (2025: the company owed £29,904) being the balance on his director's current account. The maximum amount outstanding during the year from A Wright was £55,841.