Wibe Properties Ltd

Wibe Properties Ltd
Statement of Financial Position
As at 31 January 2026

	2026		2025
	£	£	£	£
Fixed assets		748,671		748,671
Current assets	13,584		4,479
Prepayments and accrued income	1,950		1,407
Creditors: amount falling due within one year	(7,409)		(3,940)
Net current assets		8,125		1,946
Total assets less current liabilities		756,796		750,617
Creditors: amount falling due after more than one year		(749,276)		(745,577)
Net assets		7,520		5,040


Capital and reserves		7,520		5,040

NOTES TO THE ACCOUNTS

General Information

Wibe Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13124591, registration address 27 Hillview Gardens, Harrow, England, HA2 6HJ.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Investment properties

Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

2.	Average number of employees Average number of employees during the period was 2 (2025 : 2).

For the year ended 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 accounts for the year in question 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 accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.

The financial statements were approved by the board of directors on 30 October 2026 and were signed on its behalf by:

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Dr Vindya Achalanka Wijeratne
Director

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Dr Isuru Nagitha Mahalie Wijeratne
Director