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REGISTERED NUMBER: 06776322 (England and Wales)














Group Strategic Report,

Report of the Directors and

Audited

Consolidated Financial Statements

For The Year Ended 31st December 2023

for

D. Wilson Property Holding Group Limited

D. Wilson Property Holding Group Limited (Registered number: 06776322)






Contents of the Consolidated Financial Statements
For The Year Ended 31st December 2023




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Other Comprehensive Income 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


D. Wilson Property Holding Group Limited

Company Information
For The Year Ended 31st December 2023







DIRECTORS: D Wilson
Ms K Hadley
H J Wilson



SECRETARY: Ms K Hadley



REGISTERED OFFICE: Unit 9a Park Rose Industrial Estate
Middlemore Road
Smethwick
West Midlands
B66 2EP



REGISTERED NUMBER: 06776322 (England and Wales)



SENIOR STATUTORY AUDITOR: Graham Michael Wildin



AUDITORS: Wildin (Auditors) Limited
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Group Strategic Report
For The Year Ended 31st December 2023

The company has continued to develop it's property portfolio, on the basis that the developments will be sold and not retained as long term investments assets.The company did not sell any of it's property portfolio during the year as the developments were either unfinished or the prices obtainable were below what the directors feel that they are worth.The company continues with it's developments and the directors are confident that as the developments get finished that they will be able to be sold at a profit.With very little sales the company has shown a trading loss as the finance costs are included in the accounts as an overhead cost and not added to development costs.

The subsidiary company, D. Wilson Architectural Metalwork Limited, has now established itself into it's new factory and is trading well, with a good forward order book. The company made a pre tax profit this year of £547,369 (loss in 2022 of £2,301,243) and work already in hand the current financial year is anticipated to show the company will very good growth for 2024 in terms of both turnover and profitability.

The group has no defined performance indicators other than turnover, trading profits and cash. Cash flow has been identified as the principal risk affecting the business, however there are sufficient credit facilities available.

PRINCIPAL RISKS AND UNCERTAINTIES
The development part fo the group's activities is affected by the increase in interest rates generally, although the anticipated profits on the projects have a built in buffer to cope with interest rate variations.

The general economic downturn has affected the construction sector, with rising material and labour costs. The directors have chosen to delay starting on some of their projects where the current inflated costs would have a major affect on the project profitability. However build costs have reduced in 2023 and the company has therefore gone ahead with the development of certain of it's sites, some of which it hopes to sell in 2024.

ON BEHALF OF THE BOARD:





D Wilson - Director


15th February 2024

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Report of the Directors
For The Year Ended 31st December 2023

The directors present their report with the financial statements of the company and the group for the year ended 31st December 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of Property development and construction industry trading.

DIVIDENDS
No dividends will be distributed for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

D Wilson
Ms K Hadley
H J Wilson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Report of the Directors
For The Year Ended 31st December 2023


AUDITORS
The auditors, Wildin (Auditors) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D Wilson - Director


15th February 2024

Report of the Independent Auditors to the Members of
D. Wilson Property Holding Group Limited

Opinion
We have audited the financial statements of D. Wilson Property Holding Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st December 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31st December 2023 and of the group's loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
D. Wilson Property Holding Group Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
D. Wilson Property Holding Group Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-enquiry of management, those charged with governance around instances of actual and potential litigation and claims.
-enquiry of entity staff in tax and compliance functions to identify any instances of non-compliance with laws and regulations by way of data submission report, and whether they are aware of any instances of non-compliance.
-detecting and responding to the risks of fraud and whether they have knowledge of actual, suspected or alleged fraud,
-reviewed financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations in direct relation to the company.
- performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
-assessment of the nature of the industry and sector, control environment and business performance including the design of the company bonus levels.
-the matters discussed among the audit engagement team, including tax, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential of fraud in the following areas: timing of recognition of income to despatch, posting of unusual journals and complex transactions and manipulation of company profits to meet bonus targets. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act, employment law, pension legislation and tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Graham Michael Wildin (Senior Statutory Auditor)
for and on behalf of Wildin (Auditors) Limited
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

15th February 2024

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Consolidated
Income Statement
For The Year Ended 31st December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 6,577,364 5,027,844

Cost of sales 4,521,757 5,180,219
GROSS PROFIT/(LOSS) 2,055,607 (152,375 )

Administrative expenses 2,054,429 2,952,512
1,178 (3,104,887 )

Other operating income 638,113 487,137
OPERATING PROFIT/(LOSS) 4 639,291 (2,617,750 )

Interest receivable and similar income 4,554 -
643,845 (2,617,750 )

Interest payable and similar expenses 6 662,959 375,236
LOSS BEFORE TAXATION (19,114 ) (2,992,986 )

Tax on loss 7 51,331 (600,983 )
LOSS FOR THE FINANCIAL YEAR (70,445 ) (2,392,003 )
Loss attributable to:
Owners of the parent (70,445 ) (2,392,003 )

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Consolidated
Other Comprehensive Income
For The Year Ended 31st December 2023

31.12.23 31.12.22
Notes £    £   

LOSS FOR THE YEAR (70,445 ) (2,392,003 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(70,445

)

(2,392,003

)

Total comprehensive income attributable to:
Owners of the parent (70,445 ) (2,392,003 )

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Consolidated Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 3,364,262 3,330,629
Investments 10 - -
3,364,262 3,330,629

CURRENT ASSETS
Stocks 11 14,780,347 9,396,026
Debtors 12 6,100,178 7,451,430
Cash at bank and in hand 47,606 70,835
20,928,131 16,918,291
CREDITORS
Amounts falling due within one year 13 11,727,255 10,896,059
NET CURRENT ASSETS 9,200,876 6,022,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,565,138

9,352,861

CREDITORS
Amounts falling due after more than one
year

14

(7,933,667

)

(4,720,604

)

PROVISIONS FOR LIABILITIES 18 (305,177 ) (235,518 )
NET ASSETS 4,326,294 4,396,739

CAPITAL AND RESERVES
Called up share capital 19 2 2
Retained earnings 20 4,326,292 4,396,737
SHAREHOLDERS' FUNDS 4,326,294 4,396,739

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 15th February 2024 and were signed on its behalf by:





D Wilson - Director


D. Wilson Property Holding Group Limited (Registered number: 06776322)

Company Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 1,286,160 1,297,016
Investments 10 2,244,451 444,451
3,530,611 1,741,467

CURRENT ASSETS
Stocks 11 14,592,152 9,225,629
Debtors 12 3,876,727 4,482,192
Cash at bank and in hand 2,097 55,368
18,470,976 13,763,189
CREDITORS
Amounts falling due within one year 13 11,868,077 8,138,205
NET CURRENT ASSETS 6,602,899 5,624,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,133,510

7,366,451

CREDITORS
Amounts falling due after more than one
year

14

7,766,345

4,413,769
NET ASSETS 2,367,165 2,952,682

CAPITAL AND RESERVES
Called up share capital 19 2 2
Retained earnings 20 2,367,163 2,952,680
SHAREHOLDERS' FUNDS 2,367,165 2,952,682

Company's loss for the financial year (585,517 ) (653,794 )

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 15th February 2024 and were signed on its behalf by:





D Wilson - Director


D. Wilson Property Holding Group Limited (Registered number: 06776322)

Consolidated Statement of Changes in Equity
For The Year Ended 31st December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1st January 2022 2 6,788,740 6,788,742

Changes in equity
Total comprehensive income - (2,392,003 ) (2,392,003 )
Balance at 31st December 2022 2 4,396,737 4,396,739

Changes in equity
Total comprehensive income - (70,445 ) (70,445 )
Balance at 31st December 2023 2 4,326,292 4,326,294

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Company Statement of Changes in Equity
For The Year Ended 31st December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1st January 2022 2 3,606,474 3,606,476

Changes in equity
Total comprehensive income - (653,794 ) (653,794 )
Balance at 31st December 2022 2 2,952,680 2,952,682

Changes in equity
Total comprehensive income - (585,517 ) (585,517 )
Balance at 31st December 2023 2 2,367,163 2,367,165

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Consolidated Cash Flow Statement
For The Year Ended 31st December 2023

31.12.23 31.12.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (1,995,574 ) 1,859,725
Interest paid (643,840 ) (356,573 )
Interest element of hire purchase and finance
lease rental payments paid

(19,119

)

(18,663

)
Tax paid (27,313 ) (51,248 )
Net cash from operating activities (2,685,846 ) 1,433,241

Cash flows from investing activities
Purchase of tangible fixed assets (543,274 ) (1,191,947 )
Sale of tangible fixed assets 282,613 57,595
Interest received 4,554 -
Net cash from investing activities (256,107 ) (1,134,352 )

Cash flows from financing activities
New loans in year 3,283,822 -
Capital repayments in year (179,822 ) 41,093
Amount withdrawn by directors (185,276 ) (383,619 )
Net cash from financing activities 2,918,724 (342,526 )

Decrease in cash and cash equivalents (23,229 ) (43,637 )
Cash and cash equivalents at beginning of
year

2

70,835

114,472

Cash and cash equivalents at end of year 2 47,606 70,835

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Cash Flow Statement
For The Year Ended 31st December 2023

1. RECONCILIATION OF LOSS BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
31.12.23 31.12.22
£    £   
Loss before taxation (19,114 ) (2,992,986 )
Depreciation charges 327,354 248,590
Profit on disposal of fixed assets (100,325 ) (13,847 )
Finance costs 662,959 375,236
Finance income (4,554 ) -
866,320 (2,383,007 )
Increase in stocks (5,384,321 ) (3,110,851 )
Decrease/(increase) in trade and other debtors 1,582,169 (874,872 )
Increase in trade and other creditors 940,258 8,228,455
Cash generated from operations (1,995,574 ) 1,859,725

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 47,606 70,835
Year ended 31st December 2022
31.12.22 1.1.22
£    £   
Cash and cash equivalents 70,835 114,472


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.1.23 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank and in hand 70,835 (23,229 ) 47,606
70,835 (23,229 ) 47,606
Debt
Hire purchase and finance leases (599,962 ) 179,822 (420,140 )
Debts falling due within 1 year (51,468 ) (3,559 ) (55,027 )
Debts falling due after 1 year (4,454,476 ) (3,280,264 ) (7,734,740 )
(5,105,906 ) (3,104,001 ) (8,209,907 )
Total (5,035,071 ) (3,127,230 ) (8,162,301 )

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements
For The Year Ended 31st December 2023

1. STATUTORY INFORMATION

D. Wilson Property Holding Group 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Freehold property - in accordance with the property
Plant and machinery - 15% on reducing balance and at variable rates on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance and at variable rates on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
31.12.23 31.12.22
£    £   
Wages and salaries 2,510,774 1,994,048
Social security costs 266,290 268,787
2,777,064 2,262,835

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.12.23 31.12.22

Production, driver and fixers 38 41
Draughtsmen 2 4
Management & Administration 18 18
58 63

The average number of employees by undertakings that were proportionately consolidated during the year was 58 (2022 - 60 ) .

31.12.23 31.12.22
£    £   
Directors' remuneration 215,663 211,213

Information regarding the highest paid director is as follows:
31.12.23 31.12.22
£    £   
Emoluments etc 215,663 211,213

4. OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging/(crediting):

31.12.23 31.12.22
£    £   
Other operating leases 40,000 21,551
Depreciation - owned assets 196,290 48,113
Depreciation - assets on hire purchase contracts and finance leases 131,063 200,477
Profit on disposal of fixed assets (100,325 ) (13,847 )
Auditors' remuneration 16,400 13,000

5. EXCEPTIONAL ITEMS
31.12.23 31.12.22
£    £   
Factory Moving Costs - (575,000 )

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.23 31.12.22
£    £   
Bank interest 8,437 7,605
Bank loan interest 630,351 338,759
Bank Charges 5,052 10,209
Hire purchase 19,119 18,663
662,959 375,236

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

7. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the loss for the year was as follows:
31.12.23 31.12.22
£    £   
Current tax:
UK corporation tax (40,137 ) (732,996 )
Prior Year & Interest 21,809 (1 )
Total current tax (18,328 ) (732,997 )

Deferred tax 69,659 132,014
Tax on loss 51,331 (600,983 )

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. TANGIBLE FIXED ASSETS

Group
Freehold Short Long Plant and
property leasehold leasehold machinery
£    £    £    £   
COST
At 1st January 2023 605,435 148,206 1,075,026 1,917,161
Additions - 81,030 69,192 127,495
Disposals - - - (18,900 )
At 31st December 2023 605,435 229,236 1,144,218 2,025,756
DEPRECIATION
At 1st January 2023 - - 85,654 813,095
Charge for year - 17,551 5,635 179,354
Eliminated on disposal - - - (2,831 )
At 31st December 2023 - 17,551 91,289 989,618
NET BOOK VALUE
At 31st December 2023 605,435 211,685 1,052,929 1,036,138
At 31st December 2022 605,435 148,206 989,372 1,104,066

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

9. TANGIBLE FIXED ASSETS - continued

Group

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 168,389 983,784 9,709 4,907,710
Additions 61,206 201,387 2,964 543,274
Disposals - (467,008 ) - (485,908 )
At 31st December 2023 229,595 718,163 12,673 4,965,076
DEPRECIATION
At 1st January 2023 150,883 523,823 3,626 1,577,081
Charge for year 4,832 118,174 1,807 327,353
Eliminated on disposal - (300,789 ) - (303,620 )
At 31st December 2023 155,715 341,208 5,433 1,600,814
NET BOOK VALUE
At 31st December 2023 73,880 376,955 7,240 3,364,262
At 31st December 2022 17,506 459,961 6,083 3,330,629

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 605,237 996,354 1,601,591
Additions 35,600 201,387 236,987
Disposals - (420,743 ) (420,743 )
Transfer to ownership - (22,335 ) (22,335 )
Reclassification/transfer (52,200 ) - (52,200 )
At 31st December 2023 588,637 754,663 1,343,300
DEPRECIATION
At 1st January 2023 238,776 480,943 719,719
Charge for year 18,417 112,646 131,063
Eliminated on disposal - (266,350 ) (266,350 )
Transfer to ownership - (16,751 ) (16,751 )
Reclassification/transfer (11,713 ) - (11,713 )
At 31st December 2023 245,480 310,488 555,968
NET BOOK VALUE
At 31st December 2023 343,157 444,175 787,332
At 31st December 2022 366,461 515,411 881,872

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

9. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st January 2023 1,075,026 266,222 5,650
Additions 69,192 - -
Disposals - (18,900 ) -
At 31st December 2023 1,144,218 247,322 5,650
DEPRECIATION
At 1st January 2023 85,654 58,165 930
Charge for year 5,635 28,938 565
Eliminated on disposal - (2,831 ) -
At 31st December 2023 91,289 84,272 1,495
NET BOOK VALUE
At 31st December 2023 1,052,929 163,050 4,155
At 31st December 2022 989,372 208,057 4,720

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023 290,071 9,709 1,646,678
Additions 56,029 2,964 128,185
Disposals (257,432 ) - (276,332 )
At 31st December 2023 88,668 12,673 1,498,531
DEPRECIATION
At 1st January 2023 201,287 3,626 349,662
Charge for year 10,963 1,807 47,908
Eliminated on disposal (182,368 ) - (185,199 )
At 31st December 2023 29,882 5,433 212,371
NET BOOK VALUE
At 31st December 2023 58,786 7,240 1,286,160
At 31st December 2022 88,784 6,083 1,297,016

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

9. TANGIBLE FIXED ASSETS - continued

Company

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 85,200 252,432 337,632
Additions - 56,029 56,029
Disposals - (252,432 ) (252,432 )
Reclassification/transfer (52,200 ) - (52,200 )
At 31st December 2023 33,000 56,029 89,029
DEPRECIATION
At 1st January 2023 16,251 174,664 190,915
Charge for year 4,269 10,015 14,284
Eliminated on disposal - (178,878 ) (178,878 )
Reclassification/transfer (11,713 ) - (11,713 )
At 31st December 2023 8,807 5,801 14,608
NET BOOK VALUE
At 31st December 2023 24,193 50,228 74,421
At 31st December 2022 68,949 77,768 146,717

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1st January 2023 444,451
Additions 1,800,000
At 31st December 2023 2,244,451
NET BOOK VALUE
At 31st December 2023 2,244,451
At 31st December 2022 444,451

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

10. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

D. Wilson Architectural Metalwork Limited
Registered office: 106 Middlemore Road, Middlemore Business Park, Smethwick,West Midlands B66 2EP
Nature of business: Architectural Metalwork
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 3,755,291 1,440,219
Profit/(loss) for the year 547,369 (2,301,243 )

Caleche Corporation
Registered office: Heritage House, Pinfold Street, Bridgetown, Barbados
Nature of business: Property Owner
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£    £   
Aggregate capital and reserves 354,241 354,241


11. STOCKS

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Stocks 14,729,189 9,394,902 14,592,152 9,225,629
Work-in-progress 51,158 1,124 - -
14,780,347 9,396,026 14,592,152 9,225,629

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Trade debtors 1,536,495 1,830,992 59,909 11,413
Other debtors 67,004 840,131 67,004 833,802
Due from Associated Companies 3,198,928 3,204,122 3,237,229 2,918,348
Directors' current accounts 380,867 195,591 329,179 195,590
Tax 659,581 613,940 32,145 32,145
VAT - 432,605 5,485 414,041
Prepayments 257,303 334,049 145,776 76,853
6,100,178 7,451,430 3,876,727 4,482,192

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Other loans (see note 15) 55,027 51,468 - -
Hire purchase contracts and finance leases (see note 16)
221,213

333,834

25,578

161,667
Trade creditors 1,092,796 1,088,115 604,516 324,279
Amounts owed to group undertakings - - 1,676,253 1,181,879
Social security and other taxes 100,083 63,868 - -
VAT 1,953 - - -
Other creditors 270,021 100,823 270,021 100,823
Owing to Associated Company 7,539,788 6,655,418 7,410,551 4,489,356
Accrued expenses 2,446,374 2,602,533 1,881,158 1,880,201
11,727,255 10,896,059 11,868,077 8,138,205

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Bank loans (see note 15) 7,705,812 4,370,521 7,705,812 4,370,521
Other loans (see note 15) 28,928 83,955 - -
Hire purchase contracts and finance leases (see note 16)
198,927

266,128

60,533

43,248
7,933,667 4,720,604 7,766,345 4,413,769

15. LOANS

An analysis of the maturity of loans is given below:

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Amounts falling due within one year or on demand:
Other loans 55,027 51,468 - -
Amounts falling due between one and two years:
Other loans - 1-2 years 28,928 55,027 - -
Amounts falling due between two and five years:
Other loans - 2-5 years - 28,928 - -
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 7,705,812 4,370,521 7,705,812 4,370,521

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts Finance leases
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Net obligations repayable:
Within one year 25,578 161,667 195,635 172,167
Between one and five years 60,533 43,248 138,394 222,880
86,111 204,915 334,029 395,047

Company
Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 25,578 161,667
Between one and five years 60,533 43,248
86,111 204,915

17. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
31.12.23 31.12.22 31.12.23 31.12.22
£    £    £    £   
Bank loans 7,705,812 4,370,521 7,705,812 4,370,521

Funding Loans are secured by fixed charges over the assets of the group, and there are cross company guarantees.

18. PROVISIONS FOR LIABILITIES

Group
31.12.23 31.12.22
£    £   
Deferred tax 305,177 235,518

Group
Deferred
tax
£   
Balance at 1st January 2023 235,518
Charge to Income Statement during year 69,659
Balance at 31st December 2023 305,177

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1 2 2

20. RESERVES

Group
Retained
earnings
£   

At 1st January 2023 4,396,737
Deficit for the year (70,445 )
At 31st December 2023 4,326,292

Company
Retained
earnings
£   

At 1st January 2023 2,952,680
Deficit for the year (585,517 )
At 31st December 2023 2,367,163


21. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

31.12.23 31.12.22
£    £   
D Wilson
Balance outstanding at start of year 195,591 -
Amounts advanced 185,276 195,591
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 380,867 195,591

22. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

D. Wilson Property Holding Group Limited (Registered number: 06776322)

Notes to the Consolidated Financial Statements - continued
For The Year Ended 31st December 2023

22. RELATED PARTY DISCLOSURES - continued

There were monies owing to the group at the year end by companies connected with D Wilson, as follows:

Wilson Sheet Metalwork Limited £Nil (2022 £91,600)


There were monies owed by the group at the year end to companies connected with D Wilson, as follows:

Wilson Sheet Metalwork Limited £25,767 (2022 £ Nil)

23. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Wilson.