WHEELS HOLDINGS LIMITED

Company Registration Number:
06390558 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

WHEELS HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Additional notes
Balance sheet notes

WHEELS HOLDINGS LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 0 2,880,575
Total fixed assets: 0 2,880,575
Current assets
Stocks:   0 0
Debtors: 4 3,910,530 62,559
Cash at bank and in hand: 0 100
Investments:   0 0
Total current assets: 3,910,530 62,659
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 3,910,530 62,659
Total assets less current liabilities: 3,910,530 2,943,234
Creditors: amounts falling due after more than one year: 5 ( 1,122,000 ) ( 1,122,000 )
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 2,788,530 1,821,234
Capital and reserves
Called up share capital: 1,000 1,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 2,787,530 1,820,234
Total Shareholders' funds: 2,788,530 1,821,234

The notes form part of these financial statements

WHEELS HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 15 April 2024
and signed on behalf of the board by:

Name: Timothy Sale
Status: Director

The notes form part of these financial statements

WHEELS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

WHEELS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 2 4

WHEELS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Fixed assets investments note

Investments in subsidiary companies are held at fair value. During the year, there was a fair value adjustment of £2,480,575 following a sale of subsidiary shares for £400,000.

WHEELS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 2021
£ £
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 3,910,530 62,559
Total 3,910,530 62,559
Debtors due after more than one year: 0 0

WHEELS HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 1,122,000 1,122,000
Total 1,122,000 1,122,000