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REGISTERED NUMBER: 10518008 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Wildon Property Solutions Ltd

Wildon Property Solutions Ltd (Registered number: 10518008)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wildon Property Solutions Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Miss S Wilson





REGISTERED OFFICE: Dane John Works
Gordon Road
Canterbury
Kent
CT1 3PP





REGISTERED NUMBER: 10518008 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Wildon Property Solutions Ltd (Registered number: 10518008)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 327 654
Investment property 5 400,000 360,000
400,327 360,654

CURRENT ASSETS
Debtors 6 136 699
Cash at bank 4,813 9,382
4,949 10,081
CREDITORS
Amounts falling due within one year 7 42,527 56,542
NET CURRENT LIABILITIES (37,578 ) (46,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

362,749

314,193

CREDITORS
Amounts falling due after more than one
year

8

(287,557

)

(290,268

)

PROVISIONS FOR LIABILITIES (7,662 ) (9,326 )
NET ASSETS 67,530 14,599

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 71,632 39,232
Retained earnings (4,103 ) (24,634 )
67,530 14,599

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Wildon Property Solutions Ltd (Registered number: 10518008)

Statement of Financial Position - continued
31 May 2024


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 30 January 2025 and were signed by:





Miss S Wilson - Director


Wildon Property Solutions Ltd (Registered number: 10518008)

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

1. STATUTORY INFORMATION

Wildon Property Solutions Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.
Fixtures and fittings - 25% on cost

Property, plant and equipment are initially recognised at cost including all costs in bringing the asset to working condition for use. Subsequent to initial recognition fixed assets are carried at cost less depreciation and impairment.

Depreciation is charged over the useful economic life of the asset, and is charged to the profit and loss account in accordance with IAS 16.

The carrying amount of property, plant and equipment is reviewed annually to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property
Investment property is initially recognised at cost including transaction costs. Subsequent to initial recognition investment property applies the fair value model.

Fair value is deemed to be the price that would be received to sell the asset in an orderly transaction between two market participants at the measurement date. Any fair value gains or losses are projected through the profit and loss in line with reporting standards.

No depreciation is charged on investment property.

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 statement of financial position date.


Wildon Property Solutions Ltd (Registered number: 10518008)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 6,459
DEPRECIATION
At 1 June 2023 5,805
Charge for year 327
At 31 May 2024 6,132
NET BOOK VALUE
At 31 May 2024 327
At 31 May 2023 654

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 360,000
Revaluations 40,000
At 31 May 2024 400,000
NET BOOK VALUE
At 31 May 2024 400,000
At 31 May 2023 360,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 400,000

Wildon Property Solutions Ltd (Registered number: 10518008)

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

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 197,083 197,083

Investment property was valued on an open market basis on 31 May 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 591
Other debtors 136 108
136 699

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 334 99
Amounts owed to group undertakings 11,418 11,463
Directors' current accounts 28,586 40,309
Accruals and deferred income 2,189 4,671
42,527 56,542

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 17,759 20,464
Mortgage creditor 269,798 269,804
287,557 290,268

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 17,759 20,464

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023 39,232
Non-distributable reserve 32,400

At 31 May 2024 71,632

Wildon Property Solutions Ltd (Registered number: 10518008)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Miss S Wilson
Balance outstanding at start of year (40,309 ) (97,402 )
Amounts advanced 15,222 57,093
Amounts repaid (3,500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,587 ) (40,309 )

11. RELATED PARTY DISCLOSURES

At the year end 31 May 2024, the company owed £11,418 to Wildon Consultancy Limited, a company also controlled by Ms S Wilson.