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REGISTERED NUMBER: 01616749 (England and Wales)
















Financial Statements for the Year Ended 31 December 2023

for

Wilscombe Limited

Wilscombe Limited (Registered number: 01616749)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wilscombe Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D J Babington





REGISTERED OFFICE: Poole Works
Wellington
Somerset
TA21 9HW





REGISTERED NUMBER: 01616749 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

Wilscombe Limited (Registered number: 01616749)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,365 6,082
Investment property 5 2,206,352 2,206,352
2,211,717 2,212,434

CURRENT ASSETS
Debtors 6 109,566 -
Cash at bank 60,819 122,233
170,385 122,233
CREDITORS
Amounts falling due within one year 7 417,197 393,548
NET CURRENT LIABILITIES (246,812 ) (271,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,964,905

1,941,119

PROVISIONS FOR LIABILITIES 121,191 91,095
NET ASSETS 1,843,714 1,850,024

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 1,743,714 1,750,024
1,843,714 1,850,024

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Wilscombe Limited (Registered number: 01616749)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 23 September 2024 and were signed by:





D J Babington - Director


Wilscombe Limited (Registered number: 01616749)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Wilscombe 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Wilscombe Limited (Registered number: 01616749)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 106,454
DEPRECIATION
At 1 January 2023 100,372
Charge for year 717
At 31 December 2023 101,089
NET BOOK VALUE
At 31 December 2023 5,365
At 31 December 2022 6,082

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,206,352
NET BOOK VALUE
At 31 December 2023 2,206,352
At 31 December 2022 2,206,352

Mr & Mrs J Babington have a fixed legal charge over the freehold property.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 109,566 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 61,418 44,255
Other creditors 355,779 349,293
417,197 393,548

Wilscombe Limited (Registered number: 01616749)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
D J Babington
Balance outstanding at start of year - -
Amounts advanced 109,566 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 109,566 -

Interest is charged at the official HMRC rate. Balance was fully repaid within 9 months of the year end.

9. RELATED PARTY DISCLOSURES

Tradestock Limited - A company under common control of the director, Mr D Babington

Included in creditors is an amount due from the above company of £302,737 (2023: £296,001).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D J Babington by virtue of his 100% shareholding in Hayne Barton Holdings Ltd.