Company registration number 14479344 (England and Wales)
A.V. Wilding (Hooton) Ltd
Unaudited financial statements
For the period ended 30 November 2023
A.V. Wilding (Hooton) Ltd
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
A.V. Wilding (Hooton) Ltd
Balance sheet
As at 30 November 2023
- 1 -
2023
Notes
£
£
Fixed assets
Investments
3
4,399
Current assets
Cash at bank and in hand
1
Creditors: amounts falling due within one year
4
(4,350)
Net current liabilities
(4,349)
Net assets
50
Capital and reserves
Called up share capital
50
For the financial period ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 5 October 2024
Mr A V Wilding
Director
Company registration number 14479344 (England and Wales)
A.V. Wilding (Hooton) Ltd
Statement of changes in equity
For the period ended 30 November 2023
- 2 -
Share capital
Notes
£
Balance at 11 November 2022
Period ended 30 November 2023:
Profit and total comprehensive income
-
Issue of share capital
50
Balance at 30 November 2023
50
A.V. Wilding (Hooton) Ltd
Notes to the financial statements
For the period ended 30 November 2023
- 3 -
1
Accounting policies
Company information
A.V. Wilding (Hooton) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Hooton House, Benty Heath Lane, Hooton, Wirral, Cheshire, England, CH66 6AG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Shares in subsidiary companies acquired under a share for share exchange are recognised at the nominal value of the share capital issued together with any associated stamp duty transaction costs.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified as receivable within one year they are not amortised but carried at face value.
A.V. Wilding (Hooton) Ltd
Notes to the financial statements (continued)
For the period ended 30 November 2023
1
Accounting policies
(Continued)
- 4 -
Classification of financial liabilities
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.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies that are classified as debt, are initially recognised at transaction price. Financial liabilities classified as payable within one year are carried at face value.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (excluding directors without service contracts) employed by the company during the period was:
2023
Number
Total
3
Fixed asset investments
2023
£
Shares in group undertakings and participating interests
4,399
Fixed asset investments not carried at market value
The fixed asset investments in shares in group undertakings are carried at original acquisition cost.
A.V. Wilding (Hooton) Ltd
Notes to the financial statements (continued)
For the period ended 30 November 2023
3
Fixed asset investments
(Continued)
- 5 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 11 November 2022
-
Additions
4,399
At 30 November 2023
4,399
Carrying amount
At 30 November 2023
4,399
4
Creditors: amounts falling due within one year
2023
£
Other creditors
4,350
5
Related party transactions
As at the 30 November 2023 the Director was owed £4,350 in relation to expenditure incurred on behalf of the company. The amount due to the director is repayable upon demand and interest free.