Company No: 06458000 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	63,666		72,990
Tangible assets	4	7,573		7,256
Investments	5	27		27
		71,266		80,273
Current assets
Debtors	6	21,744		71,265
Cash at bank and in hand		83,274		25,085
		105,018		96,350
Creditors: amounts falling due within one year	7	( 91,141)		( 97,991)
Net current assets/(liabilities)		13,877		(1,641)
Total assets less current liabilities		85,143		78,632
Creditors: amounts falling due after more than one year	8	( 19,707)		( 25,352)
Net assets		65,436		53,280
Capital and reserves
Called-up share capital	9	4		4
Profit and loss account		65,432		53,276
Total shareholders' funds		65,436		53,280

For the financial year ending 31 January 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Wren Letting Limited (registered number: 06458000) were approved and authorised for issue by the Board of Directors on 15 October 2026. They were signed on its behalf by:

Mr T E G SLADE Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wren Letting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements	10 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		6

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2025	171,413		171,413
At 31 January 2026	171,413		171,413
Accumulated amortisation
At 01 February 2025	98,423		98,423
Charge for the financial year	9,324		9,324
At 31 January 2026	107,747		107,747
Net book value
At 31 January 2026	63,666		63,666
At 31 January 2025	72,990		72,990

4. Tangible assets

	Leasehold improve- ments		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 February 2025	1,312		17,557		23,850		42,719
Additions	0		824		3,243		4,067
Disposals	0		0		( 666)		( 666)
At 31 January 2026	1,312		18,381		26,427		46,120
Accumulated depreciation
At 01 February 2025	197		15,389		19,877		35,463
Charge for the financial year	131		713		2,591		3,435
Disposals	0		0		( 351)		( 351)
At 31 January 2026	328		16,102		22,117		38,547
Net book value
At 31 January 2026	984		2,279		4,310		7,573
At 31 January 2025	1,115		2,168		3,973		7,256

5. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 February 2025	27		27
At 31 January 2026	27		27
Carrying value at 31 January 2026	27		27
Carrying value at 31 January 2025	27		27

6. Debtors

	2026		2025
	£		£
Trade debtors	584		18,147
Other debtors	21,160		53,118
	21,744		71,265

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	5,640		5,501
Trade creditors	5,144		12,836
Amounts owed to Group undertakings	2,300		2,300
Corporation tax	44,024		39,894
Other taxation and social security	19,873		23,288
Other creditors	14,160		14,172
	91,141		97,991

There are no amounts included above in respect of which any security has been given by the small entity.

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

	2026		2025
	£		£
Bank loans	19,707		25,352

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
2 A ordinary shares of £ 1.00 each	2		2
1 B ordinary share of £ 1.00	1		1
1 C ordinary share of £ 1.00	1		1
	4		4

10. Financial commitments

Commitments

Capital commitments are as follows:

	2026		2025
	£		£
Contracted for but not provided for:
Finance leases entered into	14,270		22,053

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
Within one year	7,500		9,000
Between one and five years	0		7,500
	7,500		16,500

This lease payments relates to rent of premises

11. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Key Management	4,081		16,279

No interest has been charged on the overdrawn loan amount.