WAG Holdings Limited 13448649 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true false true true true true 13448649 2023-04-01 2024-03-31 13448649 2024-03-31 13448649 bus:Director1 1 2024-03-31 13448649 core:RetainedEarningsAccumulatedLosses 2024-03-31 13448649 core:ShareCapital 2024-03-31 13448649 core:CurrentFinancialInstruments 2024-03-31 13448649 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 13448649 core:AdditionsToInvestments 2024-03-31 13448649 core:FurnitureFittingsToolsEquipment 2024-03-31 13448649 core:MotorVehicles 2024-03-31 13448649 bus:SmallEntities 2023-04-01 2024-03-31 13448649 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13448649 bus:FullAccounts 2023-04-01 2024-03-31 13448649 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13448649 bus:RegisteredOffice 2023-04-01 2024-03-31 13448649 bus:Director1 2023-04-01 2024-03-31 13448649 bus:Director1 1 2023-04-01 2024-03-31 13448649 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13448649 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 13448649 core:MotorVehicles 2023-04-01 2024-03-31 13448649 core:Subsidiary1 2023-04-01 2024-03-31 13448649 core:Subsidiary1 1 2023-04-01 2024-03-31 13448649 core:Subsidiary2 2023-04-01 2024-03-31 13448649 core:Subsidiary2 1 2023-04-01 2024-03-31 13448649 core:Subsidiary3 2023-04-01 2024-03-31 13448649 core:Subsidiary3 1 2023-04-01 2024-03-31 13448649 core:Subsidiary4 2023-04-01 2024-03-31 13448649 core:Subsidiary4 1 2023-04-01 2024-03-31 13448649 countries:England 2023-04-01 2024-03-31 13448649 bus:Director1 1 2023-03-31 13448649 2022-07-01 2023-03-31 13448649 2023-03-31 13448649 bus:Director1 1 2023-03-31 13448649 core:RetainedEarningsAccumulatedLosses 2023-03-31 13448649 core:ShareCapital 2023-03-31 13448649 core:CurrentFinancialInstruments 2023-03-31 13448649 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13448649 bus:Director1 1 2022-07-01 2023-03-31 13448649 core:Subsidiary1 1 2022-07-01 2023-03-31 13448649 core:Subsidiary2 1 2022-07-01 2023-03-31 13448649 core:Subsidiary3 1 2022-07-01 2023-03-31 13448649 core:Subsidiary4 1 2022-07-01 2023-03-31 13448649 bus:Director1 1 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 13448649

WAG Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

WAG Holdings Limited

(Registration number: 13448649)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

35,221

-

Investments

5

8,394

8,444

 

43,615

8,444

Current assets

 

Debtors

6

1,021,909

12,708

Cash at bank and in hand

 

537,092

1,833,734

 

1,559,001

1,846,442

Creditors: Amounts falling due within one year

7

(73,873)

(481,470)

Net current assets

 

1,485,128

1,364,972

Total assets less current liabilities

 

1,528,743

1,373,416

Provisions for liabilities

(8,805)

-

Net assets

 

1,519,938

1,373,416

Capital and reserves

 

Called up share capital

50

50

Retained earnings

1,519,888

1,373,366

Shareholders' funds

 

1,519,938

1,373,416

 

WAG Holdings Limited

(Registration number: 13448649)
Balance Sheet as at 31 March 2024

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 November 2024
 

.........................................
Mr W A Goodwin
Director

   
     
 

WAG Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Minffordd
Marian
Trelawnyd
Flintshire
LL18 6EB
Wales

These financial statements were authorised for issue by the director on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

WAG Holdings Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

WAG Holdings Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

4,565

38,000

42,565

At 31 March 2024

4,565

38,000

42,565

Depreciation

Charge for the year

761

6,583

7,344

At 31 March 2024

761

6,583

7,344

Carrying amount

At 31 March 2024

3,804

31,417

35,221

5

Investments

2024
£

2023
£

Investments in subsidiaries

8,394

8,444

Subsidiaries

£

Cost or valuation

Additions

8,394

Provision

Carrying amount

At 31 March 2024

8,394

At 31 March 2023

8,444

 

WAG Holdings Limited

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

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Mayne Travel MCR Limited

Unit C1 Lyntown Trading Estate, Eccles, Manchester, Greater Manchester, England, M309QG

Ordinary

100%

100%

Seemore Travel Sale Ltd

2b Marsland Road, Sale, Gretaer Manchester, England, M333HQ

Ordinary

100%

100%

Crosville Coaches Ltd

Halendy Garage Rhewl, Mostyn, Holywell, Wales, CH89HW

Ordinary

100%

100%

WAG Property Ltd

Minffordd, Trelawnyd, Rhyl, Wales, LL186EB

Ordinary

100%

100%

6

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings

8

975,467

4,708

Other debtors

 

46,442

8,000

 

1,021,909

12,708

 

WAG Holdings Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

1,800

Amounts owed to group undertakings

8

70,258

54,809

Taxation and social security

 

165

423,211

Accruals and deferred income

 

3,450

1,650

 

73,873

481,470

8

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Mr W A Goodwin

Amounts advanced, subject to interest at 2.25% PA with no scheduled terms of repayment

8,000

38,444

46,444

       
     

 

2023

At 1 July 2022
£

Advances to director
£

At 31 March 2023
£

Mr W A Goodwin

Amounts advanced, subject to interest at 2.25% PA with no scheduled terms of repayment

-

8,000

8,000