REGISTERED NUMBER: |
Financial Statements |
for the Period |
1 July 2022 to 31 March 2023 |
for |
WILKO HOMES LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Period |
1 July 2022 to 31 March 2023 |
for |
WILKO HOMES LIMITED |
WILKO HOMES LIMITED (REGISTERED NUMBER: 12701026) |
Contents of the Financial Statements |
for the Period 1 July 2022 to 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WILKO HOMES LIMITED |
Company Information |
for the Period 1 July 2022 to 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
42 Lytton Road |
Barnet |
Hertfordshire |
EN5 5BY |
WILKO HOMES LIMITED (REGISTERED NUMBER: 12701026) |
Balance Sheet |
31 March 2023 |
31.3.23 | 30.6.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Non distributable reserves | 8 |
Retained earnings | 8 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
WILKO HOMES LIMITED (REGISTERED NUMBER: 12701026) |
Balance Sheet - continued |
31 March 2023 |
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 |
WILKO HOMES LIMITED (REGISTERED NUMBER: 12701026) |
Notes to the Financial Statements |
for the Period 1 July 2022 to 31 March 2023 |
1. | STATUTORY INFORMATION |
Wilko Homes Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Going concern |
The director have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2022 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2022 |
Revaluations | 41,263 |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 30 June 2022 |
WILKO HOMES LIMITED (REGISTERED NUMBER: 12701026) |
Notes to the Financial Statements - continued |
for the Period 1 July 2022 to 31 March 2023 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 31 March 2023 is represented by: |
£ |
Valuation in 2023 | 41,263 |
Cost | 398,737 |
440,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 30.6.22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 30.6.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 30.6.22 |
value: | £ | £ |
A Ordinary | £1 | 60 | 60 |
B Ordinary | £1 | 30 | 30 |
90 | 90 |
8. | RESERVES |
Non |
Retained | distributable |
earnings | reserves | Totals |
£ | £ | £ |
At 1 July 2022 | (85,512 | ) | - | (85,512 | ) |
Deficit for the period | (12,402 | ) | (12,402 | ) |
Non distributable reserves | (30,947 | ) | 30,947 | - |
At 31 March 2023 | (128,861 | ) | 30,947 | (97,914 | ) |
9. | RELATED PARTY DISCLOSURES |
As at the balance sheet date, included in creditors due within one year is £nil (2022:£441,172) due to Working Assets Limited, and £529,112 (2022: £44,940) due to MEH Holdings Limited, companies in which the directors have common control. |
As at the balance sheet date, included in debtors due within one year is , and company in which there is common control by the directors. |
WILKO HOMES LIMITED (REGISTERED NUMBER: 12701026) |
Notes to the Financial Statements - continued |
for the Period 1 July 2022 to 31 March 2023 |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr R L F Hamilton. |