Company Registration No. 11700368 (England and Wales)
Wild Daisies Limited
Unaudited accounts
for the year ended 28 February 2023
Wild Daisies Limited
Unaudited accounts
Contents
Wild Daisies Limited
Company Information
for the year ended 28 February 2023
Directors
GRAY, Christian Andrew
GRAY, Lucille Gracie Sally
Company Number
11700368 (England and Wales)
Registered Office
High Loxley Dunsfold Road
Loxhill
Godalming
GU8 4BW
England
Accountants
Surrey Hills Accountancy Limited
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
Wild Daisies Limited
Statement of financial position
as at 28 February 2023
Tangible assets
200,238
70,329
Investment property
4,338,574
3,126,698
Cash at bank and in hand
20,264
8,736
Creditors: amounts falling due within one year
(278,039)
(25,962)
Net current assets/(liabilities)
381,365
(9,877)
Total assets less current liabilities
4,920,177
3,187,150
Creditors: amounts falling due after more than one year
(4,070,932)
(3,511,326)
Provisions for liabilities
Net assets/(liabilities)
701,647
(324,176)
Called up share capital
20
20
Revaluation reserve
1,000,906
-
Profit and loss account
(299,279)
(324,196)
Shareholders' funds
701,647
(324,176)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by
GRAY, Christian Andrew
Director
Company Registration No. 11700368
Wild Daisies Limited
Notes to the Accounts
for the year ended 28 February 2023
Wild Daisies Limited is a private company, limited by shares, registered in England and Wales, registration number 11700368. The registered office is High Loxley Dunsfold Road, Loxhill, Godalming, GU8 4BW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% WDV
Computer equipment
33.33% Cost
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Wild Daisies Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
-
85,749
2,564
88,313
Additions
127
148,250
1,651
150,028
At 28 February 2023
127
233,999
4,215
238,341
At 1 March 2022
-
14,745
3,239
17,984
Charge for the year
-
18,421
1,698
20,119
At 28 February 2023
-
33,166
4,937
38,103
At 28 February 2023
127
200,833
(722)
200,238
At 28 February 2022
-
71,004
(675)
70,329
Fair value at 1 March 2022
3,126,698
Net gain from fair value adjustments
1,000,906
At 28 February 2023
4,338,574
Formal valuation was carried out during the period.
Amounts falling due within one year
Amounts due from group undertakings etc.
43,112
-
Accrued income and prepayments
33,688
5,449
Other debtors
20,000
1,900
Amounts falling due after more than one year
Amounts due from group undertakings etc.
542,340
-
7
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
276,159
-
Taxes and social security
68
-
Wild Daisies Limited
Notes to the Accounts
for the year ended 28 February 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
4,070,932
3,511,326
9
Transactions with related parties
As at 28 February 2022, the company owed the directors £4,070,932.19 (2022 £3,511,326). These amounts are included in director's loans. There are no fixed repayment terms and no interest charged.
A loan of £542,339.73 was given to THE GUILDFORD VET LIMITED. The loan is repayable over a 10-year period and carries commercial interest. The repayments are made every quarter.
A loan of £40,745 was given to IVY CASTLE INVESTMENTS LIMITED. There are no fixed repayment terms and no interest charged.
A loan of £2,367.63 was given to WILD CLOVER LIMITED. There are no fixed repayment terms and no interest charged.
A loan of £261,798.19 was received from MEADOWCROFT DEVELOPMENTS LTD. There are no fixed repayment terms and no interest charged.
A loan of £14,361.22 was received from THE GUILDFORD VET LIMITED. There are no fixed repayment terms and no interest charged.
WILD CLOVER LIMITED, MEADOWCROFT DEVELOPMENTS LTD, IVY CASTLE INVESTMENTS LIMITED, WILLOW STORAGE SOLUTIONS LIMITED and THE GUILDFORD VET LIMITED are associated companies of Wild Daisies Limited
10
Average number of employees
During the year the average number of employees was 3 (2022: 2).