Company registration number 14526605 (England and Wales)
Wilson 55 Holdings Ltd
Unaudited financial statements
For the period ended 31 August 2023
Wilson 55 Holdings Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Wilson 55 Holdings Ltd
Statement of financial position
As at 31 August 2023
31 August 2023
- 1 -
2023
Notes
£
£
Fixed assets
Investments
2
827,890
Current assets
-
Creditors: amounts falling due within one year
3
(455,280)
Net current liabilities
(455,280)
Total assets less current liabilities
372,610
Creditors: amounts falling due after more than one year
4
(215,000)
Net assets
157,610
Capital and reserves
Called up share capital
10
Profit and loss reserves
157,600
Total equity
157,610

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial period ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 February 2024 and are signed on its behalf by:
Mr S Sparrow
Director
Company registration number 14526605 (England and Wales)
Wilson 55 Holdings Ltd
Notes to the financial statements
For the period ended 31 August 2023
- 2 -
1
Accounting policies
Company information

Wilson 55 Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Glades, Festival Way, Festival Park, Stoke on Trent, Staffordshire, ST1 5SQ.

1.1
Reporting period

These financial statements are prepared for a period shorter than one year. The reason for the shorter period is so that the year end falls in line with other members of the group. As it is the first year of trading, there are no comparative amounts presented.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

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

 

Financial instruments are recognised in the company's statement of financial position 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilitiesm which include loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Wilson 55 Holdings Ltd
Notes to the financial statements (continued)
For the period ended 31 August 2023
1
Accounting policies
(Continued)
- 3 -
1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Fixed asset investments
2023
£
Shares in group undertakings and participating interests
827,890
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 7 December 2022
-
Additions
827,890
At 31 August 2023
827,890
Carrying amount
At 31 August 2023
827,890
3
Creditors: amounts falling due within one year
2023
£
Amounts owed to group undertakings
384,662
Other creditors
70,618
455,280
4
Creditors: amounts falling due after more than one year
2023
£
Other creditors
215,000
5
Security

Included within other creditors is a loan secured by way of a fixed charge over the shares of the business.

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