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REGISTERED NUMBER: 08249763 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

WILCOR ADVISORY LTD

WILCOR ADVISORY LTD (REGISTERED NUMBER: 08249763)






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


WILCOR ADVISORY LTD

Company Information
for the Year Ended 31 March 2023







DIRECTOR: G C Spang





SECRETARY: G K L Spang





REGISTERED OFFICE: 75 Petley Road
London
W6 9SU





REGISTERED NUMBER: 08249763 (England and Wales)






WILCOR ADVISORY LTD (REGISTERED NUMBER: 08249763)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 908 1,115
Investments 6 14,925 14,925
15,833 16,040

CURRENT ASSETS
Debtors 7 34,560 305,455
Cash at bank 13,223 5,851
47,783 311,306
CREDITORS
Amounts falling due within one year 8 15,489 139,929
NET CURRENT ASSETS 32,294 171,377
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,127

187,417

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 48,124 187,414
SHAREHOLDERS' FUNDS 48,127 187,417

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 December 2023 and were signed by:



G C Spang - Director


WILCOR ADVISORY LTD (REGISTERED NUMBER: 08249763)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Wilcor Advisory 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 33% on cost
Office equipment - 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 material 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

WILCOR ADVISORY LTD (REGISTERED NUMBER: 08249763)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

Fixed asset investments
The investments held are not publicly traded. It is not possible to measure fair value reliably and the investments are therefore valued at cost less impairment. The director does not consider that the cost has been impaired during the year.

Other operating income
Other operating income represents income from the company's investment in a partnership, included on a receivables basis.

4. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

5. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 63,499 4,864 68,363
Additions - 1,036 1,036
At 31 March 2023 63,499 5,900 69,399
DEPRECIATION
At 1 April 2022 63,499 3,749 67,248
Charge for year - 1,243 1,243
At 31 March 2023 63,499 4,992 68,491
NET BOOK VALUE
At 31 March 2023 - 908 908
At 31 March 2022 - 1,115 1,115

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 63,499
DEPRECIATION
At 1 April 2022
and 31 March 2023 63,499
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

WILCOR ADVISORY LTD (REGISTERED NUMBER: 08249763)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Interest
in other
participatin
interests
£   
COST
At 1 April 2022
and 31 March 2023 14,925
NET BOOK VALUE
At 31 March 2023 14,925
At 31 March 2022 14,925

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by participating interests 14,161 67,628
Other debtors 20,399 237,827
34,560 305,455

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,554 294
Taxation and social security 4,383 124,927
Other creditors 9,552 14,708
15,489 139,929

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 A Ordinary £1 2 2
1 B Ordinary £1 1 1
3 3

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director and company secretary owed the company £1,424 (2022: £218,852). Interest has been included on the loan at HMRC beneficial loan rates. This was repaid shortly after the year end.