IRIS Accounts Production v24.1.9.2 12489363 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124893632023-01-31124893632024-01-31124893632023-02-012024-01-31124893632022-01-31124893632022-02-012023-01-31124893632023-01-3112489363ns15:EnglandWales2023-02-012024-01-3112489363ns14:PoundSterling2023-02-012024-01-3112489363ns10:Director12023-02-012024-01-3112489363ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3112489363ns10:SmallEntities2023-02-012024-01-3112489363ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3112489363ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3112489363ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112489363ns10:FullAccounts2023-02-012024-01-3112489363ns10:Director22023-02-012024-01-3112489363ns10:Director32023-02-012024-01-3112489363ns10:Director42023-02-012024-01-3112489363ns10:CompanySecretary12023-02-012024-01-3112489363ns10:RegisteredOffice2023-02-012024-01-3112489363ns5:CurrentFinancialInstruments2024-01-3112489363ns5:CurrentFinancialInstruments2023-01-3112489363ns5:Non-currentFinancialInstruments2024-01-3112489363ns5:Non-currentFinancialInstruments2023-01-3112489363ns5:ShareCapital2024-01-3112489363ns5:ShareCapital2023-01-3112489363ns5:RetainedEarningsAccumulatedLosses2024-01-3112489363ns5:RetainedEarningsAccumulatedLosses2023-01-3112489363ns5:LandBuildings2023-01-3112489363ns5:PlantMachinery2023-01-3112489363ns5:FurnitureFittings2023-01-3112489363ns5:LandBuildings2023-02-012024-01-3112489363ns5:PlantMachinery2023-02-012024-01-3112489363ns5:FurnitureFittings2023-02-012024-01-3112489363ns5:LandBuildings2024-01-3112489363ns5:PlantMachinery2024-01-3112489363ns5:FurnitureFittings2024-01-3112489363ns5:LandBuildings2023-01-3112489363ns5:PlantMachinery2023-01-3112489363ns5:FurnitureFittings2023-01-3112489363ns5:MotorVehicles2023-01-3112489363ns5:ComputerEquipment2023-01-3112489363ns5:MotorVehicles2023-02-012024-01-3112489363ns5:ComputerEquipment2023-02-012024-01-3112489363ns5:MotorVehicles2024-01-3112489363ns5:ComputerEquipment2024-01-3112489363ns5:MotorVehicles2023-01-3112489363ns5:ComputerEquipment2023-01-3112489363ns5:CostValuation2023-01-3112489363ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3112489363ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3112489363ns5:Secured2024-01-3112489363ns5:Secured2023-01-31
REGISTERED NUMBER: 12489363 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Wold Island Limited

Wold Island Limited (Registered number: 12489363)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wold Island Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K Lundy
A Rees
D Rees
Miss M S Rees





SECRETARY: Miss M S Rees





REGISTERED OFFICE: 28 Dudley Street
Grimsby
N E Lincolnshire
DN31 2AB





REGISTERED NUMBER: 12489363 (England and Wales)

Wold Island Limited (Registered number: 12489363)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 549,649 527,810
Investments 5 1 1
Investment property 6 619,393 -
1,169,043 527,811

CURRENT ASSETS
Debtors 7 48,057 18,893
Cash at bank 102,068 376,825
150,125 395,718
CREDITORS
Amounts falling due within one year 8 123,682 89,711
NET CURRENT ASSETS 26,443 306,007
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,195,486

833,818

CREDITORS
Amounts falling due after more than one
year

9

(785,900

)

(415,191

)

PROVISIONS FOR LIABILITIES (26,493 ) (15,548 )
NET ASSETS 383,093 403,079

CAPITAL AND RESERVES
Called up share capital 1,003 1,003
Retained earnings 382,090 402,076
SHAREHOLDERS' FUNDS 383,093 403,079

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.

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 8 August 2024 and were signed on its behalf by:



K Lundy - Director


Wold Island Limited (Registered number: 12489363)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Wold Island 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.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Wold Island Limited (Registered number: 12489363)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 462,959 29,737 13,364
Additions - 15,273 -
At 31 January 2024 462,959 45,010 13,364
DEPRECIATION
At 1 February 2023 16,975 10,520 2,686
Charge for year 9,259 7,713 1,068
At 31 January 2024 26,234 18,233 3,754
NET BOOK VALUE
At 31 January 2024 436,725 26,777 9,610
At 31 January 2023 445,984 19,217 10,678

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 68,947 1,115 576,122
Additions 45,550 - 60,823
At 31 January 2024 114,497 1,115 636,945
DEPRECIATION
At 1 February 2023 17,678 453 48,312
Charge for year 20,779 165 38,984
At 31 January 2024 38,457 618 87,296
NET BOOK VALUE
At 31 January 2024 76,040 497 549,649
At 31 January 2023 51,269 662 527,810

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

Wold Island Limited (Registered number: 12489363)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 619,393
At 31 January 2024 619,393
NET BOOK VALUE
At 31 January 2024 619,393

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 31,415 2,400
Other debtors 16,642 16,493
48,057 18,893

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 33,010 43,134
Taxation and social security 39,447 32,757
Other creditors 51,225 13,820
123,682 89,711

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 785,900 415,191

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 618,757 365,399

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Other loans 798,266 426,050

The loans are secured on the properties