REGISTERED NUMBER: 11209434 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Wedge Asset Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Wedge

REGISTERED OFFICE:

Haybarn

Dye House Lane

Thursley

Surrey

GU8 6QN

REGISTERED NUMBER:

11209434 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

1,252

1,670

CURRENT ASSETS

Debtors

5

46,686

46,597

Cash at bank

19,151

32,051

65,837

78,648

CREDITORS

Amounts falling due within one year

6

70,408

66,973

NET CURRENT (LIABILITIES)/ASSETS

(4,571

)

11,675

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,319

)

13,345

PROVISIONS FOR LIABILITIES

7

238

317

NET (LIABILITIES)/ASSETS

(3,557

)

13,028

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(3,657

)

12,928

SHAREHOLDERS' FUNDS

(3,557

)

13,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2026 and were signed by:

P Wedge - Director

1.	STATUTORY INFORMATION

Wedge Asset Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The director has confirmed that he will continue to support the company and will not recall his loan if it would render the company unable to pay its liabilities as they fall due.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% reducing balance basis

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 March 2025

and 28 February 2026

5,280

DEPRECIATION

At 1 March 2025

3,610

Charge for year

418

At 28 February 2026

4,028

NET BOOK VALUE

At 28 February 2026

1,252

At 28 February 2025

1,670

5.

DEBTORS

2026

2025

£

£

Amounts falling due within one year:

Trade debtors

11,143

7,595

Wedge Property Portfolio Ltd

15,543

19,002

26,686

26,597

Amounts falling due after more than one year:

Loans

20,000

20,000

Aggregate amounts

46,686

46,597

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Directors' current accounts

68,484

65,064

Accrued expenses

1,924

1,909

70,408

66,973

7.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

238

317

Deferred

tax

£

Balance at 1 March 2025

317

Accelerated capital allowances

(79

)

Balance at 28 February 2026

238

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

51

Ordinary

£1

51

51

49

Ordinary 'A'

£1

49

49

100

100

The Ordinary and Ordinary 'A' shares rank pari passu in all respects.

9.	RELATED PARTY DISCLOSURES

Mr P Wedge

Director

During the period under review the director incurred expenses on behalf of the company amounting to £40,508 (2025 - £56,234). The company also earned fees amounting to £4,200 (2024 - £12,400) in relation to the management of properties owned personally by the director.

Wedge Property Portfolio Limited

Mr P Wedge is a director

During the period under review Wedge Asset Management Limited paid expenses on behalf of Wedge Property Portfolio Limited amounting to £942 (2025 - £1,100). The company also earned fees amounting to £13,400 (2025 - £16,800) in relation to the management of properties owned by Wedge Property Portfolio Limited.

2026

2025

Amounts owed to/(from) related parties at the balance sheet date

£

£

Mr P Wedge - director

68,484

65,064

Wedge Property Portfolio Limited

(15,543

)

(19,002

)