Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mr Nathan John Wheeler 02/06/2016 Mrs Helen Anne Wheeler 02/06/2016 16 April 2024 The principal activity of the company during the financial year was a holding company to Wheeler Roofing Services Limited 10211811 2023-10-31 10211811 bus:Director1 2023-10-31 10211811 bus:Director2 2023-10-31 10211811 2022-10-31 10211811 core:CurrentFinancialInstruments 2023-10-31 10211811 core:CurrentFinancialInstruments 2022-10-31 10211811 core:Non-currentFinancialInstruments 2023-10-31 10211811 core:Non-currentFinancialInstruments 2022-10-31 10211811 core:ShareCapital 2023-10-31 10211811 core:ShareCapital 2022-10-31 10211811 core:RetainedEarningsAccumulatedLosses 2023-10-31 10211811 core:RetainedEarningsAccumulatedLosses 2022-10-31 10211811 core:LandBuildings 2022-10-31 10211811 core:Vehicles 2022-10-31 10211811 core:FurnitureFittings 2022-10-31 10211811 core:OtherPropertyPlantEquipment 2022-10-31 10211811 core:LandBuildings 2023-10-31 10211811 core:Vehicles 2023-10-31 10211811 core:FurnitureFittings 2023-10-31 10211811 core:OtherPropertyPlantEquipment 2023-10-31 10211811 2022-11-01 2023-10-31 10211811 bus:FilletedAccounts 2022-11-01 2023-10-31 10211811 bus:SmallEntities 2022-11-01 2023-10-31 10211811 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10211811 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10211811 bus:Director1 2022-11-01 2023-10-31 10211811 bus:Director2 2022-11-01 2023-10-31 10211811 core:Vehicles 2022-11-01 2023-10-31 10211811 core:FurnitureFittings core:TopRangeValue 2022-11-01 2023-10-31 10211811 core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 10211811 2021-11-01 2022-10-31 10211811 core:LandBuildings 2022-11-01 2023-10-31 10211811 core:FurnitureFittings 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Company No: 10211811 (England and Wales)

WHEELER HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

WHEELER HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

WHEELER HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
WHEELER HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Mr Nathan John Wheeler
Mrs Helen Anne Wheeler
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 10211811 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
WHEELER HOLDINGS LIMITED

BALANCE SHEET

As at 31 October 2023
WHEELER HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 762,588 590,657
Investments 4 1,000 1,000
763,588 591,657
Current assets
Debtors 5 102,474 195,032
Cash at bank and in hand 395,433 394,751
497,907 589,783
Creditors: amounts falling due within one year 6 ( 116,117) ( 138,503)
Net current assets 381,790 451,280
Total assets less current liabilities 1,145,378 1,042,937
Creditors: amounts falling due after more than one year 7 ( 44,000) ( 28,333)
Provision for liabilities ( 116,390) ( 78,535)
Net assets 984,988 936,069
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 983,988 935,069
Total shareholders' funds 984,988 936,069

For the financial year 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 financial statements of Wheeler Holdings Limited (registered number: 10211811) were approved and authorised for issue by the Board of Directors on 16 April 2024. They were signed on its behalf by:

Mr Nathan John Wheeler
Director
Mrs Helen Anne Wheeler
Director
WHEELER HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
WHEELER HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wheeler Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Interest income

Interest income is recognised over time based on the amount outstanding and the effective interest rate.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 15 % reducing balance
Fixtures and fittings 5 years straight line
Other property, plant and equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Land and buildings Vehicles Fixtures and fittings Other property, plant
and equipment
Total
£ £ £ £ £
Cost
At 01 November 2022 224,510 368,465 90,060 133,909 816,944
Additions 10,699 334,887 11,107 0 356,693
Disposals 0 ( 205,242) 0 0 ( 205,242)
At 31 October 2023 235,209 498,110 101,167 133,909 968,395
Accumulated depreciation
At 01 November 2022 0 143,636 45,821 36,830 226,287
Charge for the financial year 0 51,529 16,578 14,562 82,669
Disposals 0 ( 103,149) 0 0 ( 103,149)
At 31 October 2023 0 92,016 62,399 51,392 205,807
Net book value
At 31 October 2023 235,209 406,094 38,768 82,517 762,588
At 31 October 2022 224,510 224,829 44,239 97,079 590,657

Included within the net book value of land and buildings above is £235,209 (2022 - £224,510) in respect of freehold land and buildings.

4. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 1,000 1,000

5. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 46,021 144,586
Amounts owed by directors 56,173 6,173
Prepayments 280 42,273
Other debtors 0 2,000
102,474 195,032

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 10,000 10,000
Trade creditors 0 41,051
Accruals 1,799 8,266
Taxation and social security 70,318 62,185
Obligations under finance leases and hire purchase contracts 28,000 0
Other creditors 6,000 17,001
116,117 138,503

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 18,333 28,333
Obligations under finance leases and hire purchase contracts 25,667 0
44,000 28,333

8. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
N & H Wheeler 56,173 6,173

Advances

The total advanced in the year was £50,000 (2022 £6,173) there were no amounts repaid, written-off or waived.