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REGISTERED NUMBER: 05822495 (England and Wales)















Unaudited Financial Statements

for the Period 1st March 2022 to 30th June 2023

for

W J WILKINSON & SONS (PROPERTY) LIMITED

W J WILKINSON & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 05822495)






Contents of the Financial Statements
for the Period 1st March 2022 to 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W J WILKINSON & SONS (PROPERTY) LIMITED

Company Information
for the Period 1st March 2022 to 30th June 2023







DIRECTORS: Mr J Wilkinson
Mr D J Wilkinson





REGISTERED OFFICE: 5 The Drive
Fulwood
Preston
Lancashire
PR2 8FF





REGISTERED NUMBER: 05822495 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

W J WILKINSON & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 05822495)

Balance Sheet
30th June 2023

30.6.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 140,035

CURRENT ASSETS
Debtors 5 2,759 302
Cash at bank 77,722 3,592
80,481 3,894
CREDITORS
Amounts falling due within one year 6 57,933 1,053
NET CURRENT ASSETS 22,548 2,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,548

142,876

CREDITORS
Amounts falling due after more than one
year

7

-

136,346
NET ASSETS 22,548 6,530

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 22,448 6,430
SHAREHOLDERS' FUNDS 22,548 6,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 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.

W J WILKINSON & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 05822495)

Balance Sheet - continued
30th June 2023


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 2nd November 2023 and were signed on its behalf by:





Mr J Wilkinson - Director


W J WILKINSON & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 05822495)

Notes to the Financial Statements
for the Period 1st March 2022 to 30th June 2023

1. STATUTORY INFORMATION

W J Wilkinson & Sons (Property) 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.

Revenue recognition
Revenue represents rental income receivable during the accounting period.

Investment property
Investment properties are properties held to earn rentals, they are initially measured at cost, including transaction costs. Subsequently they are then measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in the period in which they arise.

Taxation
Taxation for the period 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 that have been enacted or substantively enacted by the balance sheet date.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss

Going concern
The company's ability to continue as a going concern is dependent upon the continued support of the directors. The directors do not intend to withdraw their financial support in the foreseeable future.

W J WILKINSON & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 05822495)

Notes to the Financial Statements - continued
for the Period 1st March 2022 to 30th June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
.
Cash and Cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022 140,035
Disposals (140,035 )
At 30th June 2023 -
NET BOOK VALUE
At 30th June 2023 -
At 28th February 2022 140,035

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 28.2.22
£    £   
Other debtors 1,974 100
Tax 785 -
Prepayments and accrued income - 202
2,759 302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 28.2.22
£    £   
Trade creditors 84 75
Due to Related Party 41,589 -
Directors' current accounts 15,000 -
Accruals and deferred income 1,260 978
57,933 1,053

W J WILKINSON & SONS (PROPERTY) LIMITED (REGISTERED NUMBER: 05822495)

Notes to the Financial Statements - continued
for the Period 1st March 2022 to 30th June 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 28.2.22
£    £   
Due to Related Party - 136,346

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

W J Wilkinson & Sons (Property) Limited is controlled by Mr J Wilkinson and Mr D Wilkinson, who are directors and shareholders of the company.