Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312108774422233500002023-04-01falseNo description of principal activityfalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01454225 2023-04-01 2024-03-31 01454225 2024-03-31 01454225 2022-04-01 2023-03-31 01454225 2023-03-31 01454225 2022-04-01 01454225 2 2023-04-01 2024-03-31 01454225 5 2023-04-01 2024-03-31 01454225 d:Director1 2023-04-01 2024-03-31 01454225 d:Director2 2023-04-01 2024-03-31 01454225 d:Director3 2023-04-01 2024-03-31 01454225 d:RegisteredOffice 2023-04-01 2024-03-31 01454225 d:Agent1 2023-04-01 2024-03-31 01454225 d:Agent2 2023-04-01 2024-03-31 01454225 e:PlantMachinery 2023-04-01 2024-03-31 01454225 e:PlantMachinery 2024-03-31 01454225 e:PlantMachinery 2023-03-31 01454225 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01454225 e:FurnitureFittings 2023-04-01 2024-03-31 01454225 e:FreeholdInvestmentProperty 2023-04-01 2024-03-31 01454225 e:FreeholdInvestmentProperty 2024-03-31 01454225 e:FreeholdInvestmentProperty 2023-03-31 01454225 e:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 01454225 e:CurrentFinancialInstruments 2024-03-31 01454225 e:CurrentFinancialInstruments 2023-03-31 01454225 e:Non-currentFinancialInstruments 2024-03-31 01454225 e:Non-currentFinancialInstruments 2023-03-31 01454225 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 01454225 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 01454225 e:Non-currentFinancialInstruments e:AfterOneYear 2024-03-31 01454225 e:Non-currentFinancialInstruments e:AfterOneYear 2023-03-31 01454225 e:ShareCapital 2024-03-31 01454225 e:ShareCapital 2023-03-31 01454225 e:ShareCapital 2022-04-01 01454225 e:RevaluationReserve 2024-03-31 01454225 e:RevaluationReserve 5 2023-04-01 2024-03-31 01454225 e:RevaluationReserve 2023-03-31 01454225 e:RevaluationReserve 2022-04-01 01454225 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 01454225 e:RetainedEarningsAccumulatedLosses 2024-03-31 01454225 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01454225 e:RetainedEarningsAccumulatedLosses 2023-03-31 01454225 e:RetainedEarningsAccumulatedLosses 2022-04-01 01454225 d:FRS102 2023-04-01 2024-03-31 01454225 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01454225 d:FullAccounts 2023-04-01 2024-03-31 01454225 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01454225 e:WithinOneYear 2024-03-31 01454225 e:WithinOneYear 2023-03-31 01454225 6 2023-04-01 2024-03-31 01454225 e:Right-of-useInvestmentProperty 2023-04-01 2024-03-31 01454225 e:Right-of-useInvestmentProperty 2024-03-31 01454225 e:Right-of-useInvestmentProperty 2023-03-31 01454225 e:Right-of-useInvestmentProperty 2 2023-04-01 2024-03-31 01454225 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 01454225







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


WILKY PROPERTY HOLDINGS LIMITED






































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WILKY PROPERTY HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Directors
Malcolm Young 
Sandra Young 
Julian Munday 




Registered number
01454225



Registered office
Parallel House
32 London Road

Guildford

Surrey

GU1 2AB




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Bankers
Handelsbanken
Andrews House

College Road

Guildford

GU1 4RG





Barclays Bank Plc

Ground Floor

Tagus House

Ocean Way

Southampton

SO14 2ZP




Solicitors
Pinsent Masons LLP
30 Crown Place

Earl Street

London

EC2A 4ES




Charles Russell Speechlys LLP
One London Square

Cross Lanes

Guildford, Surrey

GU1 1UN





 


WILKY PROPERTY HOLDINGS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 8


 


WILKY PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER:01454225



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
50,318
58,626

Investments
 5 
102
102

Investment property
 6 
10,543,872
11,116,750

  
10,594,292
11,175,478

Current assets
  

Stocks
  
2,418,848
2,364,938

Debtors: amounts falling due within one year
 7 
61,326
121,437

Cash at bank and in hand
  
50
50

  
2,480,224
2,486,425

Creditors: amounts falling due within one year
 8 
(629,167)
(536,558)

Net current assets
  
 
 
1,851,057
 
 
1,949,867

Total assets less current liabilities
  
12,445,349
13,125,345

Creditors: amounts falling due after more than one year
 9 
(1,150,000)
(1,150,000)

  

Net assets
  
11,295,349
11,975,345


Capital and reserves
  

Called up share capital 
  
250,000
250,000

Revaluation reserve
  
1,762,383
2,368,383

Profit and loss account
  
9,282,966
9,356,962

  
11,295,349
11,975,345


Page 1

 


WILKY PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER:01454225


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Malcolm Young
................................................
Julian Munday
Director
Director


Date: 15 October 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 


WILKY PROPERTY HOLDINGS LIMITED
 



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2022
250,000
2,368,383
9,248,576
11,866,959



Profit for the year
-
-
108,386
108,386



At 1 April 2023
250,000
2,368,383
9,356,962
11,975,345



Loss for the year
-
-
(73,996)
(73,996)

Deficit on revaluation of freehold property
-
(606,000)
-
(606,000)


At 31 March 2024
250,000
1,762,383
9,282,966
11,295,349


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 


WILKY PROPERTY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Wilky Property Holdings Limited is a private company limited by shares and incorporated and registered in England and Wales. The principal place of business is Fetcham Park, Lower Road, Fetcham, Leatherhead, KT22 9HD. The registered office is Parallel House, 32 London Road, Guildford, Surrey England, GU1 2AB.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents amounts receivable for rent exclusive of Value Added Tax.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 


WILKY PROPERTY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Between 5% and 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Investment properties are valued by the directors with reference to the values of similar properties in the local area.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Stocks and work in progress

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on the estimated selling price less costs to completion and disposal. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The Company has no employees other than the Directors, who did not receive remuneration (2023 - £NIL).

Page 5

 


WILKY PROPERTY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Fixtures and Fittings

£



Cost or valuation


At 1 April 2023
529,875


Additions
3,564



At 31 March 2024

533,439



Depreciation


At 1 April 2023
471,249


Charge for the year on owned assets
11,872



At 31 March 2024

483,121



Net book value



At 31 March 2024
50,318



At 31 March 2023
58,626


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2023
102



At 31 March 2024
102




Page 6

 


WILKY PROPERTY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Investment property


Investment property
Property under construction
Total

£
£
£



Valuation


At 1 April 2023
10,930,646
186,104
11,116,750


Additions at cost
-
33,122
33,122


Revaluation
(606,000)
-
(606,000)



At 31 March 2024
10,324,646
219,226
10,543,872

The fair value of London Road as at 31 March 2024 has been arrived at on the basis of a valuation carried out by an external third party on 14 June 2024, on an open market basis.
 
The fair value of the other investment properties has been arrived at on the basis of a valuation carried out by the Directors at 31 March 2024. The valuations were undertaken on an open market basis and were arrived at by reference to market evidence of transaction prices for similar properties. No depreciation is provided in respect of these properties.
On a historical cost basis the investment properties would have been £8,781,489 (2023 - £8,748,367).





7.


Debtors

2024
2023
£
£


Trade debtors
10,489
10,599

Other debtors
1,566
6,545

Prepayments and accrued income
49,271
104,293

61,326
121,437



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
74,954
63,839

Other taxation and social security
14,558
-

Other creditors
424,246
396,230

Accruals and deferred income
115,409
76,489

629,167
536,558


Page 7

 


WILKY PROPERTY HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
1,150,000
1,150,000

1,150,000
1,150,000


The bank loan is secured over properties owned by the company, namely 32 and 34 London Road Guildford.


10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£
Not later than 1 year

92,500

92,500
 
Later than 1 year and not later than 5 years

370,000

370,000
 
Later than 5 years

6,660,000

6,752,500
 
7,122,500

7,215,000
 


11.


Operating lease commitments - Lessor

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
14,000
85,307

14,000
85,307


12.


Parent Company

The immediate and ultimate parent company is the Wilky Group Limited, a company registered in England.  The registered office address of the Wilky Group Limited is: Parallel House, 32 London Road, Guildford, Surrey, GU1 2AB.
The smallest and largest group in which the results of the company are consolidated is that headed by The Wilky Group Limited. Copies can be obtained from Companies House.
The Wilky Group Limited prepares consolidated financial statements and copies can be obtained from Companies House.

 
Page 8