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REGISTERED NUMBER: 07231433 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Wilson Chambers Limited

Wilson Chambers Limited (Registered number: 07231433)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wilson Chambers Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr I T G Hopes





SECRETARY: Mrs S L Hopes





REGISTERED OFFICE: c/o Wilson Partners Limited
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 07231433 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Wilson Chambers Limited (Registered number: 07231433)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,671 3,205
2,671 3,205

CURRENT ASSETS
Debtors 6 24,938 54,573
Cash at bank and in hand 1,626,563 1,380,266
1,651,501 1,434,839
CREDITORS
Amounts falling due within one year 7 (177,873 ) (176,123 )
NET CURRENT ASSETS 1,473,628 1,258,716
TOTAL ASSETS LESS CURRENT LIABILITIES 1,476,299 1,261,921

PROVISIONS FOR LIABILITIES (582 ) (477 )
NET ASSETS 1,475,717 1,261,444

CAPITAL AND RESERVES
Called up share capital 15,100 15,100
Retained earnings 1,460,617 1,246,344
SHAREHOLDERS' FUNDS 1,475,717 1,261,444

Wilson Chambers Limited (Registered number: 07231433)

Balance Sheet - continued
31 August 2024


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

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

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 19 November 2024 and were signed by:





Mr I T G Hopes - Director


Wilson Chambers Limited (Registered number: 07231433)

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

1. STATUTORY INFORMATION

Wilson Chambers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover relates to income earned in respect of financial services and comprises initial fees and commission receivable at the outset of a policy, renewal commission receivable on regular contributions, trail commission based on funds under management and ongoing adviser charges. Income is recognised when the company has the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, which has been amortised over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and 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.


Wilson Chambers Limited (Registered number: 07231433)

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

2. ACCOUNTING POLICIES - continued
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 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 51,000
AMORTISATION
At 1 September 2023
and 31 August 2024 51,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 22,487
Additions 2,450
At 31 August 2024 24,937
DEPRECIATION
At 1 September 2023 19,282
Charge for year 2,984
At 31 August 2024 22,266
NET BOOK VALUE
At 31 August 2024 2,671
At 31 August 2023 3,205

Wilson Chambers Limited (Registered number: 07231433)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 35,968
Other debtors 24,938 18,605
24,938 54,573

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 11,187 5,685
Taxation and social security 140,768 144,677
Other creditors 25,918 25,761
177,873 176,123

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I T G Hopes by virtue of his majority ownership of the issued share capital of the company.