COMPANY REGISTRATION NUMBER:
08439307
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Wize Property Investments Limited |
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Filleted Unaudited Financial Statements |
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Wize Property Investments Limited |
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Period from 1 June 2024 to 29 November 2025
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Officers and professional advisers |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
4 |
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Wize Property Investments Limited |
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Statement of Financial Position |
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29 November 2025
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29 Nov 25 |
31 May 24 |
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Note |
£ |
£ |
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|
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FIXED ASSETS
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Tangible assets |
5 |
2,364,152 |
1,576,180 |
|
|
|
|
CURRENT ASSETS
|
Debtors |
6 |
167,694 |
189,671 |
|
Cash at bank and in hand |
30,030 |
65,203 |
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--------- |
--------- |
|
197,724 |
254,874 |
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|
|
|
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CREDITORS: amounts falling due within one year |
7 |
325,991 |
256,899 |
|
--------- |
--------- |
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NET CURRENT LIABILITIES |
128,267 |
2,025 |
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------------ |
------------ |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
2,235,885 |
1,574,155 |
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|
|
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PROVISIONS
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Taxation including deferred tax |
151,635 |
10,757 |
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------------ |
------------ |
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NET ASSETS |
2,084,250 |
1,563,398 |
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------------ |
------------ |
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CAPITAL AND RESERVES
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Called up share capital |
8 |
1,434,100 |
1,434,100 |
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Revaluation reserve |
511,328 |
16,851 |
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Profit and loss account |
138,822 |
112,447 |
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------------ |
------------ |
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SHAREHOLDERS FUNDS |
2,084,250 |
1,563,398 |
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------------ |
------------ |
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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 period ending 29 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Wize Property Investments Limited |
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Statement of Financial Position (continued) |
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29 November 2025
These financial statements were approved by the
board of directors
and authorised for issue on
17 August 2026
, and are signed on behalf of the board by:
Mr Luke Jones
Luke Jones
Director
Company registration number:
08439307
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Wize Property Investments Limited |
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Notes to the Financial Statements |
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Period from 1 June 2024 to 29 November 2025
1.
GENERAL INFORMATION
Wize Property Investments Limited
is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are developing residential properties for resale and property rental.
2.
STATEMENT OF COMPLIANCE
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements is 18 months and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 29 November 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Going concern
The director has considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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.
The methods and significant assumptions used to ascertain the fair value and the fair value movement included in the profit and loss for the year are as follows:
The directors have established that the values in the accounts for Investment Properties are deemed reasonable based on their knowledge of current market conditions of similar properties in the area.
Critical accounting estimates and assumptions
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below (i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See the fixed asset note for the carrying amount of the property plant and equipment, and the depreciation accounting policy for the useful economic lives for each class of assets. (ii) Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See the debtors note for the net carrying amount of the debtors and associated impairment provision. (iii) Provisions Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes. (iv) Going Concern The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard. (v) Revaluation of tangible assets Revaluations are based on the most recent market evidence available at the reporting date. Adjustments arising from updated valuations reflect changes in accounting estimates and are recognised prospectively in the period of change and future periods.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable net of trade discounts. The policies adopted for the recognition of turnover are as follows: Rental income Income from rentals is recognised in accordance with the terms of the relevant lease. Sale of property Turnover from the sale of property is recognised when there is a contract of sale, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Management Charges Management charges are received for managing assets that are not owned by the company.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
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 & Fittings |
- |
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Motor Vehicles |
- |
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Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to
3
(2024:
1
).
5.
TANGIBLE ASSETS
|
Land and buildings |
Fixtures and fittings |
Motor vehicles |
Total |
|
£ |
£ |
£ |
£ |
|
Cost or valuation |
|
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At 1 June 2024 |
1,533,150 |
26,866 |
56,264 |
1,616,280 |
|
Additions |
104,844 |
55,106 |
15,800 |
175,750 |
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Revaluations |
625,006 |
– |
– |
625,006 |
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------------ |
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-------- |
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At 29 November 2025 |
2,263,000 |
81,972 |
72,064 |
2,417,036 |
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------------ |
-------- |
-------- |
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Depreciation |
|
|
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At 1 June 2024 |
– |
22,811 |
17,289 |
40,100 |
|
Charge for the period |
– |
5,578 |
7,206 |
12,784 |
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------------ |
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-------- |
------------ |
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At 29 November 2025 |
– |
28,389 |
24,495 |
52,884 |
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------------ |
-------- |
-------- |
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Carrying amount |
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At 29 November 2025 |
2,263,000 |
53,583 |
47,569 |
2,364,152 |
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------------ |
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-------- |
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At 31 May 2024 |
1,533,150 |
4,055 |
38,975 |
1,576,180 |
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-------- |
-------- |
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The historic cost equivalent of land and buildings included at valuation are as follows:
|
|
2025 |
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|
£ |
|
Cost |
1,374,789 |
|
Improvements |
245,206 |
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Revaluations |
643,005 |
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|
------------ |
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|
2,263,000 |
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------------ |
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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.
6.
DEBTORS
|
29 Nov 25 |
31 May 24 |
|
£ |
£ |
|
Other debtors |
167,694 |
189,671 |
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--------- |
--------- |
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7.
CREDITORS:
amounts falling due within one year
|
29 Nov 25 |
31 May 24 |
|
£ |
£ |
|
Corporation tax |
– |
1,300 |
|
Other creditors |
325,991 |
255,599 |
|
--------- |
--------- |
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325,991 |
256,899 |
|
--------- |
--------- |
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8.
CALLED UP SHARE CAPITAL
Issued, called up and fully paid
|
29 Nov 25 |
31 May 24 |
|
No. |
£ |
No. |
£ |
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Ordinary A shares of £ 1 each |
24 |
24 |
24 |
24 |
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Ordinary B shares of £ 1 each |
1 |
1 |
1 |
1 |
|
Ordinary shares of £ 1 each |
1,434,075 |
1,434,075 |
1,434,075 |
1,434,075 |
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------------ |
------------ |
------------ |
------------ |
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1,434,100 |
1,434,100 |
1,434,100 |
1,434,100 |
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------------ |
------------ |
------------ |
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9.
RELATED PARTY TRANSACTIONS
The aggregated amount of transactions due with other related parties is as follows: Other Related Parties
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Amounts owed to related parties |
167,013 |
84,257 |
|
Amounts owed from related parties |
(167,695) |
(189,672) |
|
|
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No interest has been charged in relation to balances with other related parties. Key Management Personnel The amount owing to the director at the period end was £93,895 (2024 - £110,053) No interest has been charged in relation to balances