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REGISTERED NUMBER: 00119916 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WILDINGS LIMITED

WILDINGS LIMITED (REGISTERED NUMBER: 00119916)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr Peter Hill Pease
Mr Peter Richard James
Mrs Felicity Anne Clark
Mrs Ann-Marie James





SECRETARY: Mr Peter Richard James





REGISTERED OFFICE: 38-41 Broad Street
Bath
Avon
BA1 5LP





REGISTERED NUMBER: 00119916 (England and Wales)





ACCOUNTANTS: Arthur Gait & Company Limited
Chartered Certified Accountants
18 Gold Tops
Newport
NP20 5WJ

WILDINGS LIMITED (REGISTERED NUMBER: 00119916)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 600,728 600,728
Investment property 5 2,430,000 2,530,000
3,030,728 3,130,728

CURRENT ASSETS
Debtors 6 55,607 72,476
Cash at bank 425,823 530,335
481,430 602,811
CREDITORS
Amounts falling due within one year 7 14,775 68,467
NET CURRENT ASSETS 466,655 534,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,497,383

3,665,072

PROVISIONS FOR LIABILITIES 138,762 138,762
NET ASSETS 3,358,621 3,526,310

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 3,338,621 3,506,310
SHAREHOLDERS' FUNDS 3,358,621 3,526,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

WILDINGS LIMITED (REGISTERED NUMBER: 00119916)

BALANCE SHEET - continued
31 JANUARY 2024


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 28 March 2024 and were signed on its behalf by:





Mr Peter Richard James - Director


WILDINGS LIMITED (REGISTERED NUMBER: 00119916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Wildings 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.

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


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 as modified by the revaluation of certain assets.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined benefit pension scheme for some of it's employees. The regular pension cost is charged to the profit and loss account and is based on the expected pension costs over the service life of the employees. Any pension deficit is rectified by the payment of increased employer contributions, as recommended by an actuary.The surplus or deficit is calculated every 3 years by an actuary.The directors do not recognise the current surplus within the company accounts.

The company also operates a defined contribution scheme for other employees. Contributions payable to this scheme are charged to the profit and loss account as incurred.

Although the trustees are able to reduce contributions to recover any surplus, for small schemes such as this one any deviation from actuarial assumptions can lead to significant changes in both the funding position of the scheme and the contributions within fairly short periods. An actuarial valuation has taken place in 2023.

Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the financial statements and their recognition in tax liabilities. Deferred tax is recognised as a liability or asset if the transactions or events give rise to an obligation to pay more tax in future periods have occurred by the balance sheet date.


Investment property
The directors have now adopted a policy to revalue investment property . The valuations have been based on a combination of bank valuations, investment yields and discussions with a qualified surveyor .
Income from investment properties is included on a receivable basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

WILDINGS LIMITED (REGISTERED NUMBER: 00119916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 600,728
NET BOOK VALUE
At 31 January 2024 600,728
At 31 January 2023 600,728

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 2,530,000
Revaluations (100,000 )
At 31 January 2024 2,430,000
NET BOOK VALUE
At 31 January 2024 2,430,000
At 31 January 2023 2,530,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2016 1,125,594
Valuation in 2017 180,000
Valuation in 2018 89,060
Valuation in 2019 585,340
Valuation in 2020 (513,742 )
Valuation in 2021 (290,446 )
Valuation in 2022 100,697
Valuation in 2023 (105,218 )
Valuation in 2024 (100,000 )
Cost 1,358,715
2,430,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 55,607 72,476

WILDINGS LIMITED (REGISTERED NUMBER: 00119916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 3,610 2,719
Taxation and social security 5,055 1,922
Other creditors 6,110 63,826
14,775 68,467

8. RELATED PARTY DISCLOSURES

Wildings Limited own a property in bath from which Rossiters Of Bath operates, no rent has been charged.

There is an unlimited cross guarantee given between the company and Rossiters Limited.

9. PENSION COMMITMENTS

The company operates a defined benefit pension scheme on behalf of its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. As at the 31st January 2024, the company had annual commitments of £NIL (2023 £21,000) per annum. A full actuarial valuation was carried out at 1st February 2023 by a qualified independent actuary. At this date the actuarial value of the assets, as directly compared to past service liabilities, gave rise to a funding level of , 109% a valuation surplus of £145,000.

£
Actuarial Value of the Assets 1,765,000
Past service liabilities of members 1,620,000
Surplus 145,000

The with profits fund in which the policy is held is invested in a broad range of assets.



The valuation surplus of £145,000 has not been included in the balance sheet.
For small schemes such as this one any deviation from actuarial assumptions can lead to significant changes in both the funding position of the scheme and the contributions within fairly short periods.A contribution plan has been put in place to reduce the deficit.