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Registration number: 13184347

JKW Property Investments Limited
(formerly Wilson Field Group Holdings Limited)

Unaudited Financial Statements

for the Period from 1 September 2022 to 31 October 2023

 

JKW Property Investments Limited
(formerly Wilson Field Group Holdings Limited)

(Registration number: 13184347)

Balance Sheet as at 31 October 2023

Note

31 October
2023
£

31 August
2022
£

Fixed assets

 

Investment property

3

1,907,710

-

Investments

4

100

5,369,525

Other financial assets

5

1,571,352

-

 

3,479,162

5,369,525

Current assets

 

Debtors

6

37,445

1

Cash at bank and in hand

 

1,164,550

-

 

1,201,995

1

Creditors: Amounts falling due within one year

7

(115,328)

(499,475)

Net current assets/(liabilities)

 

1,086,667

(499,474)

Net assets

 

4,565,829

4,870,051

Capital and reserves

 

Called up share capital

8

9,000

10,000

Capital redemption reserve

1,000

-

Other reserves

-

3,965,001

Profit and loss account

4,555,829

895,050

Total equity

 

4,565,829

4,870,051

 

JKW Property Investments Limited
(formerly Wilson Field Group Holdings Limited)

(Registration number: 13184347)

Balance Sheet as at 31 October 2023 (continued)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 February 2024 and signed on its behalf by:
 

.........................................
J Wilson
Director

   
     
 

JKW Property Investments Limited
(formerly Wilson Field Group Holdings Limited)

Notes to the Unaudited Financial Statements

for the Period from 1 September 2022 to 31 October 2023

1

Accounting policies

Statutory information

JKW Property Investments Limited is a private company, limited by shares, domiciled in England and Wales, company number 13184347. The registered office is at The Manor House, 260 Ecclesall Road South, Sheffield, S11 9PS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental charges in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

JKW Property Investments Limited
(formerly Wilson Field Group Holdings Limited)

Notes to the Unaudited Financial Statements

for the Period from 1 September 2022 to 31 October 2023 (continued)

1

Accounting policies (continued)

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is
presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.


2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4 (2022 - 4).

3

Investment properties

31 October
2023
£

At 1 September

-

Additions

1,907,710

At 31 October

1,907,710

The investment property is considered to be stated at fair value by the directors having reference to property rental yeilds and property values in the same area. There has been no valuation of investment property by an independent valuer.

4

Investments

31 October
2023
£

31 August
2022
£

Investments in subsidiaries

100

5,369,525

 

JKW Property Investments Limited
(formerly Wilson Field Group Holdings Limited)

Notes to the Unaudited Financial Statements

for the Period from 1 September 2022 to 31 October 2023 (continued)

4

Investments (continued)

Subsidiaries

£

Cost

At 1 September 2022

5,369,525

Disposals

(5,369,425)

At 31 October 2023

100

Carrying amount

At 31 October 2023

100

At 31 August 2022

5,369,525

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Wilson Field Group Limited

England and Wales

Ordinary

0%

100%

Wilson Field Limited

England and Wales

Ordinary

0%

100%

WF Financial Solutions Limited

England and Wales

Ordinary

0%

100%

ABC 14812 Limited (formally Wilson Field Leeds Limited)

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Wilson Field Group Limited

The principal activity of Wilson Field Group Limited is that of a parent management company.

Wilson Field Limited

The principal activity of Wilson Field Limited is the provision of complete business recovery and insolvency services including liquidation and individual debt solutions.

WF Financial Solutions Limited

The principal activity of WF Financial Solutions Limited is that of an independent finance broker.

 

JKW Property Investments Limited
(formerly Wilson Field Group Holdings Limited)

Notes to the Unaudited Financial Statements

for the Period from 1 September 2022 to 31 October 2023 (continued)

4

Investments (continued)

ABC 14812 Limited (formally Wilson Field Leeds Limited)

The principal activity of ABC 14812 Limited (formally Wilson Field Leeds Limited) is that of a dormant company.

5

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

At 1 September 2022

-

Additions

1,700,000

Disposals

(170,000)

Fair value adjustments

41,352

At 31 October 2023

1,571,352

Carrying amount

At 31 October 2023

1,571,352

At 31 August 2022

-

6

Debtors

31 October
2023
£

31 August
2022
£

Trade debtors

4,815

-

Other debtors

32,630

1

37,445

1

 

JKW Property Investments Limited
(formerly Wilson Field Group Holdings Limited)

Notes to the Unaudited Financial Statements

for the Period from 1 September 2022 to 31 October 2023 (continued)

7

Creditors

31 October
2023
£

31 August
2022
£

Due within one year

Trade creditors

3,772

-

Amounts owed to group undertakings

-

239,938

Taxation and social security

2,499

-

Accruals and deferred income

44,158

-

Other creditors

64,899

259,537

115,328

499,475

8

Share capital

Allotted, called up and fully paid shares

 

31 October
2023

31 August
2022

 

No.

£

No.

£

Ordinary Shares of £1 each

9,000

9,000

-

-

A Ordinary Shares of £1 each

-

-

9,000

9,000

B Ordinary Shares of £1 each

-

-

1,000

1,000

 

9,000

9,000

10,000

10,000

9

Related party transactions

Transactions with group companies
The company has taken advantage of the exemption under FRS 102 S33.1A to not disclose transactions between wholly owned group companies.

During the year the company provided and received short term loans to and from related parties. At the 31 October 2023 the company owed £nil (2022 - £239,938) to related parties. Short term loans provided and received are interest free and repayable on demand.

On 11 September 2023 the company disposed of it's investments in Wilson Field Group Limited and it's subsidiaries.