IRIS Accounts Production v23.1.5.20 11861800 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118618002022-03-31118618002023-03-31118618002022-04-012023-03-31118618002021-03-31118618002021-04-012022-03-31118618002022-03-3111861800ns15:EnglandWales2022-04-012023-03-3111861800ns14:PoundSterling2022-04-012023-03-3111861800ns10:Director12022-04-012023-03-3111861800ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3111861800ns10:SmallEntities2022-04-012023-03-3111861800ns10:AuditExemptWithAccountantsReport2022-04-012023-03-3111861800ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3111861800ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3111861800ns10:FullAccounts2022-04-012023-03-3111861800ns10:OrdinaryShareClass12022-04-012023-03-3111861800ns10:OrdinaryShareClass22022-04-012023-03-3111861800ns10:Director22022-04-012023-03-3111861800ns10:RegisteredOffice2022-04-012023-03-3111861800ns5:CurrentFinancialInstruments2023-03-3111861800ns5:CurrentFinancialInstruments2022-03-3111861800ns5:Non-currentFinancialInstruments2023-03-3111861800ns5:Non-currentFinancialInstruments2022-03-3111861800ns5:ShareCapital2023-03-3111861800ns5:ShareCapital2022-03-3111861800ns5:CapitalRedemptionReserve2023-03-3111861800ns5:CapitalRedemptionReserve2022-03-3111861800ns5:RetainedEarningsAccumulatedLosses2023-03-3111861800ns5:RetainedEarningsAccumulatedLosses2022-03-3111861800ns5:LongLeaseholdAssetsns5:LandBuildings2022-03-3111861800ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3111861800ns5:LongLeaseholdAssetsns5:LandBuildings2022-03-3111861800ns5:CostValuation2022-03-3111861800ns10:OrdinaryShareClass12023-03-3111861800ns10:OrdinaryShareClass22023-03-3111861800ns5:RetainedEarningsAccumulatedLosses2022-03-3111861800ns5:CapitalRedemptionReserve2022-03-3111861800ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 11861800 (England and Wales)














W M GROUP HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






W M GROUP HOLDINGS LTD (REGISTERED NUMBER: 11861800)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

W M GROUP HOLDINGS LTD

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: M J Fellows
W A Murphy





REGISTERED OFFICE: C/O Equus Miller Limited
Brook House
47 High Street
Henley in Arden
B95 5AA





REGISTERED NUMBER: 11861800 (England and Wales)





ACCOUNTANTS: Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA

W M GROUP HOLDINGS LTD (REGISTERED NUMBER: 11861800)

BALANCE SHEET
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 235,547 235,547
Investments 5 1,809,095 1,809,095
2,044,642 2,044,642

CURRENT ASSETS
Debtors 6 972 833
Cash at bank 26,263 14,363
27,235 15,196
CREDITORS
Amounts falling due within one year 7 184,833 173,844
NET CURRENT LIABILITIES (157,598 ) (158,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,887,044

1,885,994

CREDITORS
Amounts falling due after more than one
year

8

100,000

400,000
NET ASSETS 1,787,044 1,485,994

CAPITAL AND RESERVES
Called up share capital 10 100 100
Capital redemption reserve 11 1,200,000 900,000
Retained earnings 11 586,944 585,894
SHAREHOLDERS' FUNDS 1,787,044 1,485,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 10 November 2023 and were signed on its behalf by:




M J Fellows - Director


W M GROUP HOLDINGS LTD (REGISTERED NUMBER: 11861800)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

W M Group Holdings Ltd 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.

Preparation of consolidated financial statements
The financial statements contain information about W M Group Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Long
leasehold
£   
COST
At 1 April 2022
and 31 March 2023 235,547
NET BOOK VALUE
At 31 March 2023 235,547
At 31 March 2022 235,547

W M GROUP HOLDINGS LTD (REGISTERED NUMBER: 11861800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1,809,095
NET BOOK VALUE
At 31 March 2023 1,809,095
At 31 March 2022 1,809,095

6. DEBTORS
31/3/23 31/3/22
£    £   
Amounts falling due within one year:
VAT 139 -

Amounts falling due after more than one year:
Prepayments and accrued income 833 833

Aggregate amounts 972 833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 255 268
Amounts owed to group undertakings 34,464 23,897
Corporation tax payable 1,654 1,761
VAT - 154
Other creditors 144,806 143,770
Directors' loan accounts 2,509 2,509
Accrued expenses 1,145 1,485
184,833 173,844

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/23 31/3/22
£    £   
Preference shares (see note 9) 100,000 400,000

9. LOANS

An analysis of the maturity of loans is given below:

31/3/23 31/3/22
£    £   
Amounts falling due between two and five years:
Preference shares 100,000 400,000

W M GROUP HOLDINGS LTD (REGISTERED NUMBER: 11861800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

9. LOANS - continued

In accordance with FRS 102, Section 12, Convertible Redeemable Preferred Ordinary Shares (CRPO) have been classified as non-equity shares. Any dividends payable on such shares will be shown as interest.

The following rights are attached to the CRPO shares:
(i)No right to vote, attend or speak at any general meeting, but entitled to receive notice for information
only provided always that the holders of the CRPO shares shall be entitled to vote on any proposed
resolution to alter in any way the rights attaching to the CRPO shares and shall then have one vote
per share
(ii)A right to participate in the assets of the company on a winding up or in the consideration on sale or
transfer of the company only to the extent of the value of any unredeemed CRPO shares
(iii)A preferred right to a dividend at a minimum rate of 4.0 p per share

The maximum number of CRPO shares to be redeemed at the option of the company in any year is restricted to 300,000. However, each holder of CRPO shares has the right to redeem up to 225,000 CRPO shares held by them each year.

Accordingly, there is flexibility for redemption of between 0 and 300,000 CRPO shares each year. However, all CRPO shares must be redeemed by the date of the sixth anniversary of their date of issue of 15 March 2019.

The CRPO shares may be redeemed in full at the option of the shareholders in the event of the provisions contained in Part V, Chapter 3, TCGA 1992 (Entrepreneur's Relief) are abolished without being replaced by provisions providing for an equivalent or more favourable relief.

No premium is payable on redemption.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
100 100

VOTING RIGHTS

(i) A member shall have one vote for every share of which he/she is a holder
(ii) A right to participate in the assets of the company on a winding up or in consideration on sale or transfer of the company
(iii) A right to a dividend if declared on the ordinary shares in the capital of the company

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 585,894 900,000 1,485,894
Profit for the year 337,050 337,050
Dividends (36,000 ) (36,000 )
Cash share issue (300,000 ) 300,000 -
At 31 March 2023 586,944 1,200,000 1,786,944

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors loans are payable on demand and interest on loans is accrued and paid at commercial rates.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
W M GROUP HOLDINGS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W M Group Holdings Ltd for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of W M Group Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W M Group Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of W M Group Holdings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that W M Group Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W M Group Holdings Ltd. You consider that W M Group Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W M Group Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Equus Miller Limited
Chartered Certified Accountants
Brook House
47 High Street
Henley in Arden
Warwickshire
B95 5AA


10 November 2023