IRIS Accounts Production v24.2.0.383 01901949 director 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019019492023-03-31019019492024-03-31019019492023-04-012024-03-31019019492022-03-29019019492022-03-302023-03-31019019492023-03-3101901949ns15:EnglandWales2023-04-012024-03-3101901949ns14:PoundSterling2023-04-012024-03-3101901949ns10:Director12023-04-012024-03-3101901949ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101901949ns10:SmallEntities2023-04-012024-03-3101901949ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101901949ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101901949ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101901949ns10:FullAccounts2023-04-012024-03-3101901949ns10:OrdinaryShareClass12023-04-012024-03-3101901949ns10:RegisteredOffice2023-04-012024-03-3101901949ns5:CurrentFinancialInstruments2024-03-3101901949ns5:CurrentFinancialInstruments2023-03-3101901949ns5:Non-currentFinancialInstruments2024-03-3101901949ns5:Non-currentFinancialInstruments2023-03-3101901949ns5:ShareCapital2024-03-3101901949ns5:ShareCapital2023-03-3101901949ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3101901949ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3101901949ns5:RetainedEarningsAccumulatedLosses2024-03-3101901949ns5:RetainedEarningsAccumulatedLosses2023-03-3101901949ns5:PlantMachinery2023-04-012024-03-3101901949ns5:FurnitureFittings2023-04-012024-03-3101901949ns5:MotorVehicles2023-04-012024-03-3101901949ns5:ComputerEquipment2023-04-012024-03-3101901949ns5:PlantMachinery2023-03-3101901949ns5:FurnitureFittings2023-03-3101901949ns5:MotorVehicles2023-03-3101901949ns5:ComputerEquipment2023-03-3101901949ns5:PlantMachinery2024-03-3101901949ns5:FurnitureFittings2024-03-3101901949ns5:MotorVehicles2024-03-3101901949ns5:ComputerEquipment2024-03-3101901949ns5:PlantMachinery2023-03-3101901949ns5:FurnitureFittings2023-03-3101901949ns5:MotorVehicles2023-03-3101901949ns5:ComputerEquipment2023-03-3101901949ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101901949ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101901949ns5:Secured2024-03-3101901949ns5:Secured2023-03-3101901949ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3101901949ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3101901949ns5:TaxLossesCarry-forwardsDeferredTax2024-03-3101901949ns5:TaxLossesCarry-forwardsDeferredTax2023-03-3101901949ns5:DeferredTaxation2023-03-3101901949ns5:DeferredTaxation2023-04-012024-03-3101901949ns5:DeferredTaxation2024-03-3101901949ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 01901949 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

A V Wilding (Chester) Limited

A V Wilding (Chester) Limited (Registered number: 01901949)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A V Wilding (Chester) Limited

Company Information
for the Year Ended 31 March 2024







Director: N D Wilding





Registered office: Sutton House
Guilden Sutton Lane
Guilden Sutton
Chester
CH3 7EY





Registered number: 01901949 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

A V Wilding (Chester) Limited (Registered number: 01901949)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 33,409 -
Investment property 5 3,022,963 2,795,000
3,056,372 2,795,000

Current assets
Debtors 6 37,163 1,782
Cash at bank 74,487 15,437
111,650 17,219
Creditors
Amounts falling due within one year 7 279,065 270,311
Net current liabilities (167,415 ) (253,092 )
Total assets less current liabilities 2,888,957 2,541,908

Creditors
Amounts falling due after more than
one year

8

(763,879

)

(366,368

)

Provisions for liabilities 10 (436,925 ) (440,862 )
Net assets 1,688,153 1,734,678

Capital and reserves
Called up share capital 11 136 136
Other reserves 1,386,551 1,386,551
Retained earnings 301,466 347,991
Shareholders' funds 1,688,153 1,734,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

A V Wilding (Chester) Limited (Registered number: 01901949)

Statement of Financial Position - continued
31 March 2024


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 11 October 2024 and were signed by:





N D Wilding - Director


A V Wilding (Chester) Limited (Registered number: 01901949)

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

1. Statutory information

A V Wilding (Chester) 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.

Revenue from property rental is recognised on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Fixtures, fittings & equipment - 25% on cost
Motor vehicles - 25% reducing balance
Racehorses - straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


A V Wilding (Chester) Limited (Registered number: 01901949)

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

2. Accounting policies - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 2 ) .

A V Wilding (Chester) Limited (Registered number: 01901949)

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

4. Tangible fixed assets
Fixtures,
Plant and fittings Motor
machinery & equipment vehicles Racehorses Totals
£    £    £    £    £   
Cost
At 1 April 2023 4,186 - - 22,896 27,082
Additions - 4,946 32,400 - 37,346
Disposals - - - (22,896 ) (22,896 )
At 31 March 2024 4,186 4,946 32,400 - 41,532
Depreciation
At 1 April 2023 4,186 - - 22,896 27,082
Charge for year - 1,237 2,700 - 3,937
Eliminated on disposal - - - (22,896 ) (22,896 )
At 31 March 2024 4,186 1,237 2,700 - 8,123
Net book value
At 31 March 2024 - 3,709 29,700 - 33,409
At 31 March 2023 - - - - -

5. Investment property
Total
£   
Fair value
At 1 April 2023 2,795,000
Additions 227,963
At 31 March 2024 3,022,963
Net book value
At 31 March 2024 3,022,963
At 31 March 2023 2,795,000



6. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 6,360 1,782
Other debtors 30,803 -
37,163 1,782

A V Wilding (Chester) Limited (Registered number: 01901949)

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

7. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 7,500 17,588
Finance leases 3,872 -
Taxation and social security - 18,283
Other creditors 267,693 234,440
279,065 270,311

8. Creditors: amounts falling due after more than one year
31/3/24 31/3/23
£    £   
Bank loans 537,613 181,361
Finance leases 22,237 -
Other creditors 204,029 185,007
763,879 366,368

Amounts falling due in more than five years:

Repayable by instalments
Other creditors - 137,007

9. Secured debts

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Finance leases 26,109 -
Bank loans 545,113 166,162
571,222 166,162

The bank loans shown above are secured by way of charge on the company's investment property. Finance lease liabilities are secured on the underlying asset.

10. Provisions for liabilities
31/3/24 31/3/23
£    £   
Deferred tax
Accelerated capital allowances 8,352 -
Tax losses carried forward (12,289 ) -
Revaluation of investment
property 440,862 440,862
436,925 440,862

A V Wilding (Chester) Limited (Registered number: 01901949)

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

10. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 April 2023 440,862
Credit to Income Statement during year (3,937 )
Balance at 31 March 2024 436,925

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
136 Ordinary £1 136 136

12. Related party disclosures

The director has made loans to the company. The balance on these loans at 31 March 2024 was £198,658 (2023: £160,968). The loans are interest free and repayable on demand.