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REGISTERED NUMBER: 06619903 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WCR GROUP LIMITED

WCR GROUP LIMITED (REGISTERED NUMBER: 06619903)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WCR GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: W J Record
Dr C A Record
A Record MBE





REGISTERED OFFICE: Quest House
St Mellons Business Park
Fortran Road, St Mellons
CARDIFF
CF3 0EY





REGISTERED NUMBER: 06619903 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

WCR GROUP LIMITED (REGISTERED NUMBER: 06619903)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,646 1,244
Investments 5 12,446,683 12,446,683
12,450,329 12,447,927

CURRENT ASSETS
Debtors 6 8,971,529 8,868,822
Cash at bank and in hand 13,242 43,485
8,984,771 8,912,307
CREDITORS
Amounts falling due within one year 7 20,948,958 20,985,159
NET CURRENT LIABILITIES (11,964,187 ) (12,072,852 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,142

375,075

CAPITAL AND RESERVES
Called up share capital 8 695 695
Retained earnings 485,447 374,380
SHAREHOLDERS' FUNDS 486,142 375,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:



W J Record - Director


WCR GROUP LIMITED (REGISTERED NUMBER: 06619903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

WCR Group 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less provision for any permanent diminution in value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 adjusted for group relief, using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

WCR GROUP LIMITED (REGISTERED NUMBER: 06619903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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 11 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 17,085
Additions 3,588
At 30 April 2024 20,673
DEPRECIATION
At 1 May 2023 15,841
Charge for year 1,186
At 30 April 2024 17,027
NET BOOK VALUE
At 30 April 2024 3,646
At 30 April 2023 1,244

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 3,339,139 3,339,139
Loans to group undertakings 9,107,544 9,107,544
12,446,683 12,446,683

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 3,339,139
NET BOOK VALUE
At 30 April 2024 3,339,139
At 30 April 2023 3,339,139

WCR GROUP LIMITED (REGISTERED NUMBER: 06619903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS - continued
Loans to
group
undertakings
£   
At 1 May 2023
and 30 April 2024 9,107,544

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,689 1,772
Amounts owed by group undertakings 8,896,644 8,800,425
Other debtors 59,582 61,407
Prepayments 5,614 5,218
8,971,529 8,868,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 542 224
Amounts owed to group undertakings 20,497,052 20,497,892
Social security and other taxes 10,046 11,747
Other creditors 18,451 22,666
Shareholders' loans 257,768 282,818
Directors' current accounts 165,099 169,812
20,948,958 20,985,159

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:


Class:
Nomin
al


30.4.24


30.4.23
value: £ £
409,814 Ordinary A 0.1p 410 -
104,190 Ordinary B 0.1p 104 -
104,190 Ordinary C 0.1p 104 -
55,568 Ordinary D 0.1p 56 -
20,838 Ordinary E 0.1p 21 -
694,600 Ordinary 0.1p - 695
695 695



9. CONTINGENT LIABILITIES

The company is part of a VAT group registration and at the year end there was a contingent liability of £62,042 (2023-£62,809) in this respect.

WCR GROUP LIMITED (REGISTERED NUMBER: 06619903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. RELATED PARTY DISCLOSURES

During the year the company repaid £73,528 (2023-£427,174 borrowed from) to the directors, and in the same period was loaned £68,815 by the directors (2023-£52,575). At the year end the company owed the directors £165,099 (2023-£169,812).

During the year the company repaid £25,050 (2023-£273,600 borrowed from) to its shareholders. At the year end the company owed its shareholders £257,768 (2023-282,818).

11. GOING CONCERN

The financial statements have been prepared on a going concern basis. This basis is considered to be appropriate as the company continues to receive the support from its other group companies.