Wongs' Enterprises Limited - Filleted accounts

Registered number

02140786

Wongs' Enterprises Limited

Unaudited Filleted Accounts

31 March 2026

Wongs' Enterprises Limited
Registered number:		02140786
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		90,775			106,794
Investments	4		2,634,500			2,125,062
			2,725,275			2,231,856

Current assets
Debtors	5	23,080			24,193
Cash at bank and in hand		679,447			610,122
		702,527			634,315

Creditors: amounts falling due within one year	6	(63,587)			(67,458)

Net current assets			638,940			566,857

Total assets less current liabilities			3,364,215			2,798,713


Provisions for liabilities			(163,265)			(41,514)


Net assets			3,200,950			2,757,199

Capital and reserves
Called up share capital			100			100
Non-distributable Reserve			531,307			-
Profit and loss account			2,669,543			2,757,099

Shareholders' funds			3,200,950			2,757,199

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.





Mr. K P Wong
Director
Approved by the board on 10 August 2026

Wongs' Enterprises Limited
Notes to the Accounts
for the year ended 31 March 2026


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

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings	Not provided
	Plant and machinery	15% Reducing balance
	Fixtures, fittings, tools and equipment	15% Reducing balance

	Investment property
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.
	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.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			5		5


3	Tangible fixed assets
		Long Lease		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2025	1,711,281		308,126		2,019,407
	At 31 March 2026	1,711,281		308,126		2,019,407

	Depreciation
	At 1 April 2025	1,711,281		201,332		1,912,613
	Charge for the year	-		16,019		16,019
	At 31 March 2026	1,711,281		217,351		1,928,632

	Net book value
	At 31 March 2026	-		90,775		90,775
	At 31 March 2025	-		106,794		106,794


4	Investments

Investment
Property
£
	Cost
	At 1 April 2025					2,125,062
	Revaluation					653,058
	Disposals					(143,620)

	At 31 March 2026					2,634,500


5	Debtors			2026		2025
£					£

	Other debtors			23,080		24,193


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Taxation and social security costs			27,703		31,370
	Other creditors			35,884		36,088
				63,587		67,458


7	Other information

	Wongs' Enterprises Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Baverstock Road
	Poole
	BH12 5EX