Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity03truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01540245 2023-04-01 2024-03-31 01540245 2024-03-31 01540245 2022-04-01 2023-03-31 01540245 2023-03-31 01540245 2022-04-01 01540245 5 2023-04-01 2024-03-31 01540245 d:Director1 2023-04-01 2024-03-31 01540245 d:Director2 2023-04-01 2024-03-31 01540245 d:Director3 2023-04-01 2024-03-31 01540245 d:RegisteredOffice 2023-04-01 2024-03-31 01540245 d:Agent1 2023-04-01 2024-03-31 01540245 e:LeaseholdInvestmentProperty 2023-04-01 2024-03-31 01540245 e:LeaseholdInvestmentProperty 2024-03-31 01540245 e:LeaseholdInvestmentProperty 2023-03-31 01540245 e:LeaseholdInvestmentProperty 2 2023-04-01 2024-03-31 01540245 e:CurrentFinancialInstruments 2024-03-31 01540245 e:CurrentFinancialInstruments 2023-03-31 01540245 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 01540245 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 01540245 e:ShareCapital 2024-03-31 01540245 e:ShareCapital 2023-03-31 01540245 e:ShareCapital 2022-04-01 01540245 e:RevaluationReserve 2024-03-31 01540245 e:RevaluationReserve 5 2023-04-01 2024-03-31 01540245 e:RevaluationReserve 2023-03-31 01540245 e:RevaluationReserve 2022-04-01 01540245 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 01540245 e:RetainedEarningsAccumulatedLosses 2024-03-31 01540245 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01540245 e:RetainedEarningsAccumulatedLosses 2023-03-31 01540245 e:RetainedEarningsAccumulatedLosses 2022-04-01 01540245 d:FRS102 2023-04-01 2024-03-31 01540245 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01540245 d:FullAccounts 2023-04-01 2024-03-31 01540245 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01540245 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company registration number: 01540245







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


WILKY INVESTMENTS LIMITED






































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WILKY INVESTMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
Malcolm Young 
Sandra Young 
Julian Munday 




Registered number
01540245



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
Barclays Bank Plc
Ground Floor

Tagus House

Ocean Way

Southampton

SO14 2ZP




Solicitors
Charles Russell Speechlys LLP
One London Square

Cross Lanes

Guildford

Surrey

GU1 1UN





 


WILKY INVESTMENTS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Statement of Changes in Equity
3
Notes to the Financial Statements
4 - 6


 


WILKY INVESTMENTS LIMITED
REGISTERED NUMBER:01540245



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,300,000
1,045,000

  
1,300,000
1,045,000

Current assets
  

Stocks and work in progress
  
-
188,189

Debtors: amounts falling due within one year
 5 
31,025
55,533

  
31,025
243,722

Creditors: amounts falling due within one year
 6 
(49,203)
(45,227)

Net current (liabilities)/assets
  
 
 
(18,178)
 
 
198,495

Total assets less current liabilities
  
1,281,822
1,243,495

  

Net assets
  
1,281,822
1,243,495


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
1,055,921
958,241

Profit and loss account
  
225,801
285,154

  
1,281,822
1,243,495


Page 1

 


WILKY INVESTMENTS LIMITED
REGISTERED NUMBER:01540245


    
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 6 form part of these financial statements.

Page 2

 


WILKY INVESTMENTS 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
100
958,241
243,549
1,201,890



Profit for the year
-
-
41,605
41,605



At 1 April 2023
100
958,241
285,154
1,243,495



Loss for the year
-
-
(59,353)
(59,353)

Revaluation of investment property
-
97,680
-
97,680


At 31 March 2024
100
1,055,921
225,801
1,281,822


The notes on pages 4 to 6 form part of these financial statements.

Page 3

 


WILKY INVESTMENTS LIMITED
 


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

1.


General information

Wilky Investments Limited is a private company limited by shares and incorporated and registered in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.
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

Revenue

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

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 income 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

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.

Page 4

 


WILKY INVESTMENTS LIMITED
 


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

2.Accounting policies (continued)

 
2.5

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 and work in progress 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.

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The company has no employees other than the directors who did not receive any remuneration.


4.


Investment property


Investment property

£



Valuation


At 1 April 2023
1,045,000


Additions at cost
157,320


Surplus on revaluation
97,680



At 31 March 2024
1,300,000

On a historical cost basis the investment properties would have been included at a value of £244,079 (2023 - £86,759).

The 2024 valuations were made by the directors, on an open market value for existing use basis.



Page 5

 


WILKY INVESTMENTS LIMITED
 


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

5.


Debtors

2024
2023
£
£


Trade debtors
16,212
5,540

Prepayments and accrued income
-
35,180

Deferred taxation
14,813
14,813

31,025
55,533



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
6,496
36,501

Other taxation and social security
5,107
1,157

Other creditors
19,283
1,253

Accruals and deferred income
18,317
6,316

49,203
45,227



7.


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, Guilford, 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.
The Wilky Group Limited prepares consolidated financial statements and copies can be obtained from Companies House.

 
Page 6