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REGISTERED NUMBER: 04097805 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

WILDWOOD INVESTMENT LIMITED

WILDWOOD INVESTMENT LIMITED (REGISTERED NUMBER: 04097805)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILDWOOD INVESTMENT LIMITED

Company Information
for the year ended 31 October 2023







Directors: J C Loosemore
R C Loosemore





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 04097805 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

WILDWOOD INVESTMENT LIMITED (REGISTERED NUMBER: 04097805)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £ £ £ £
Fixed assets
Tangible assets 4 4,926 61,445
Investments 5 36,909 36,909
Investment property 6 8,739,359 8,306,590
8,781,194 8,404,944

Current assets
Debtors 7 1,038,198 925,813
Cash at bank 188,180 283,188
1,226,378 1,209,001
Creditors
Amounts falling due within one year 8 145,311 121,140
Net current assets 1,081,067 1,087,861
Total assets less current liabilities 9,862,261 9,492,805

Creditors
Amounts falling due after more than one
year

9

(5,101,056

)

(5,318,262

)

Provisions for liabilities (875,246 ) (536,420 )
Net assets 3,885,959 3,638,123

Capital and reserves
Called up share capital 2 2
Fair value reserve 11 3,962,067 3,753,995
Retained earnings 11 (76,110 ) (115,874 )
Shareholders' funds 3,885,959 3,638,123

WILDWOOD INVESTMENT LIMITED (REGISTERED NUMBER: 04097805)

Balance Sheet - continued
31 October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 30 July 2024 and were signed on its behalf by:





J C Loosemore - Director


WILDWOOD INVESTMENT LIMITED (REGISTERED NUMBER: 04097805)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

Wildwood Investment 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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 year 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The director has made an assessment of the company's ability to continue as a going concern and has identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

WILDWOOD INVESTMENT LIMITED (REGISTERED NUMBER: 04097805)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued

Revenue recognition
Turnover represents revenue earned from the lease and sale of property. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its activities. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 November 2022 183,143
Additions 290
Disposals (55,166 )
At 31 October 2023 128,267
Depreciation
At 1 November 2022 121,698
Charge for year 4,925
Eliminated on disposal (3,282 )
At 31 October 2023 123,341
Net book value
At 31 October 2023 4,926
At 31 October 2022 61,445

5. Fixed asset investments
Other
investments
£
Cost
At 1 November 2022
and 31 October 2023 36,909
Net book value
At 31 October 2023 36,909
At 31 October 2022 36,909

WILDWOOD INVESTMENT LIMITED (REGISTERED NUMBER: 04097805)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


6. Investment property
Total
£
Fair value
At 1 November 2022 8,306,590
Additions 152,542
Disposals (514,260 )
Revaluations 794,487
At 31 October 2023 8,739,359
Net book value
At 31 October 2023 8,739,359
At 31 October 2022 8,306,590

Fair value at 31 October 2023 is represented by:
£
Valuation in 2013 1,459,043
Valuation in 2014 350,971
Valuation in 2015 521,452
Valuation in 2016 929,027
Valuation in 2019 199,950
Valuation in 2021 686,495
Valuation in 2022 755,145
Valuation in 2023 521,626
Cost 3,315,650
8,739,359

If the investment properties had not been revalued they would have been included at the following historical cost:

31/10/23 31/10/22
£ £
Cost 3,315,650 3,404,507

The Investment properties were valued on an open market basis basis on 31 October 2023 by the director .

No depreciation is provided in respect of these properties.

If all the properties were sold at the valuations included above, a potential tax liability of £875,246 (2022 - £536,420)would arise on the sale.

7. Debtors
31/10/23 31/10/22
£ £
Amounts falling due within one year:
Other debtors 476,455 300,387

WILDWOOD INVESTMENT LIMITED (REGISTERED NUMBER: 04097805)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


7. Debtors - continued
31/10/23 31/10/22
£ £
Amounts falling due after more than one year:
Other debtors 561,743 625,426

Aggregate amounts 1,038,198 925,813

8. Creditors: amounts falling due within one year
31/10/23 31/10/22
£ £
Taxation and social security 1,878 2,046
Other creditors 143,433 119,094
145,311 121,140

9. Creditors: amounts falling due after more than one year
31/10/23 31/10/22
£ £
Bank loans 3,226,056 3,443,262
Other creditors 1,875,000 1,875,000
5,101,056 5,318,262

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Unsecured loan notes 1,875,000 1,875,000

Repayable by instalments
Mortgages 3,226,056 3,443,262

Included in other creditors are £1,500,000 of unsecured loan notes together with a premium of 25% of which £375,000 (2022 - £375,000) has accrued to date. The loan is repayable on 10 April 2039 and is now interest free.

10. Secured debts

The following secured debts are included within creditors:

31/10/23 31/10/22
£ £
Bank loans 3,226,056 3,443,262

The mortgages are secured on the investment properties held by the company.

WILDWOOD INVESTMENT LIMITED (REGISTERED NUMBER: 04097805)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


11. Reserves
Retained Fair value
earnings reserve Totals
£ £ £

At 1 November 2022 (115,874 ) 3,753,995 3,638,121
Profit for the year 247,836 247,836
Transfer from profit & loss
reserve (208,072 ) 208,072 -
At 31 October 2023 (76,110 ) 3,962,067 3,885,957

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£ £
J C Loosemore
Balance outstanding at start of year 62,106 61,500
Amounts advanced 236 606
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,342 62,106

R C Loosemore
Balance outstanding at start of year 3,312 1,959
Amounts advanced - 1,353
Amounts repaid (2,174 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,138 3,312

13. Related party disclosures

The loan notes referred to in the creditors after more than one year note are owed to a Trust in which R W Loosemore has the sole life interest.