Wren General Merchants Limited - Accounts to registrar (filleted) - small 18.2

Wren General Merchants Limited - Accounts to registrar (filleted) - small 18.2

WREN GENERAL MERCHANTS LIMITED - Company Information

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REGISTERED NUMBER: 00696609 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

WREN GENERAL MERCHANTS LIMITED
WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WREN GENERAL MERCHANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTORS: Dr P Lawes
Mrs H Lawes
Mr D Lawes





REGISTERED OFFICE: Unit 5
Woodcock Road
Industrial Estate
Warminster
Wiltshire
BA12 9DX





REGISTERED NUMBER: 00696609 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN
Page 1
WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609)

BALANCE SHEET
31ST DECEMBER 2021

31.12.21 31.12.20
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 22,707 31,497
Investments 5 908,017 908,017
Investment property 6 500,000 500,000
1,430,724 1,439,514

CURRENT ASSETS
Debtors 7 58,391 66,287
Investments 8 291,144 291,500
Cash at bank 131,341 123,203
480,876 480,990
CREDITORS
Amounts falling due within one year 9 18,299 18,303
NET CURRENT ASSETS 462,577 462,687
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,893,301
1,902,201

CAPITAL AND RESERVES
Called up share capital 10 24 24
Revaluation reserve 11 476,837 476,837
Retained earnings 11 1,416,440 1,425,340
SHAREHOLDERS' FUNDS 1,893,301 1,902,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29th September 2022 and were signed on its behalf by:





Mr D Lawes - Director


The notes form part of these financial statements

Page 2
WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021

1. STATUTORY INFORMATION

Wren General Merchants 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 as modified by the revaluation of certain assets.

Turnover
Turnover shown in the profit and loss is represented by rental income recieved in the accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost
Computer equipment - Straight line over 7 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1st January 2021
and 31st December 2021 35,160 533 35,693
DEPRECIATION
At 1st January 2021 3,663 533 4,196
Charge for year 8,790 - 8,790
At 31st December 2021 12,453 533 12,986
NET BOOK VALUE
At 31st December 2021 22,707 - 22,707
At 31st December 2020 31,497 - 31,497

5. FIXED ASSET INVESTMENTS

31.12.21 31.12.20
£ £
Loans to group undertakings 824,017 824,017
Participating interests 84,000 84,000
908,017 908,017

Page 3 continued...
WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Interest in
other
participating
interests
£
COST
At 1st January 2021
and 31st December 2021 84,000
NET BOOK VALUE
At 31st December 2021 84,000
At 31st December 2020 84,000
Loans to
group
undertakings
£
At 1st January 2021
and 31st December 2021 824,017

Loan to subsidiary, Fortaleza, based in Portugal, is only repayable on the sale of the property held within the Portuguese company.

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st January 2021
and 31st December 2021 500,000
NET BOOK VALUE
At 31st December 2021 500,000
At 31st December 2020 500,000

Fair value at 31st December 2021 is represented by:
£
Valuation in 2008 476,837
Cost 23,163
500,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.21 31.12.20
£ £
Cost 23,163 23,163

Investment property was valued on an open market basis on 31st December 2021 by the directors of the company .

Page 4 continued...
WREN GENERAL MERCHANTS LIMITED (REGISTERED NUMBER: 00696609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Trade debtors 22,989 21,137
Amounts owed by participating interests 34,039 43,863
Prepayments and accrued income 1,363 1,287
58,391 66,287

8. CURRENT ASSET INVESTMENTS
31.12.21 31.12.20
£ £
Unlisted investments 291,144 291,500

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£ £
Trade creditors 102 4,261
Amounts owed to associates 950 950
Tax 9,308 -
Social security and other taxes 1,871 1,796
VAT 2,036 6,097
Accruals and deferred income 4,032 5,199
18,299 18,303

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £ £
24,000 Ordinary £0.001 24 24

11. RESERVES
Retained Revaluation
earnings reserve Totals
£ £ £

At 1st January 2021 1,425,340 476,837 1,902,177
Profit for the year 31,100 31,100
Dividends (40,000 ) (40,000 )
At 31st December 2021 1,416,440 476,837 1,893,277

12. RELATED PARTY DISCLOSURES

Wren General Merchants Limited owns 50% of the issued share capital of Burgau Fortaleza LDA. Income of £16,560 (2020: £18,560) was recognised in the profit and loss account, in respect of income recieved from Burgau Fortaleza LDA.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs H Lawes.

Page 5