IRIS Accounts Production v24.3.0.553 04149950 director 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041499502023-01-31041499502024-01-31041499502023-02-012024-01-31041499502022-01-31041499502022-02-012023-01-31041499502023-01-3104149950ns15:EnglandWales2023-02-012024-01-3104149950ns14:PoundSterling2023-02-012024-01-3104149950ns10:Director12023-02-012024-01-3104149950ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104149950ns10:SmallEntities2023-02-012024-01-3104149950ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104149950ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104149950ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104149950ns10:FullAccounts2023-02-012024-01-310414995012023-02-012024-01-3104149950ns10:RegisteredOffice2023-02-012024-01-3104149950ns5:CurrentFinancialInstruments2024-01-3104149950ns5:CurrentFinancialInstruments2023-01-3104149950ns5:ShareCapital2024-01-3104149950ns5:ShareCapital2023-01-3104149950ns5:RetainedEarningsAccumulatedLosses2024-01-3104149950ns5:RetainedEarningsAccumulatedLosses2023-01-3104149950ns5:NetGoodwill2023-02-012024-01-3104149950ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3104149950ns5:NetGoodwill2023-01-3104149950ns5:NetGoodwill2024-01-3104149950ns5:NetGoodwill2023-01-3104149950ns5:LandBuildings2023-01-3104149950ns5:PlantMachinery2023-01-3104149950ns5:LandBuildings2023-02-012024-01-3104149950ns5:PlantMachinery2023-02-012024-01-3104149950ns5:LandBuildings2024-01-3104149950ns5:PlantMachinery2024-01-3104149950ns5:LandBuildings2023-01-3104149950ns5:PlantMachinery2023-01-3104149950ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3104149950ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3104149950ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-3104149950ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3104149950ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3104149950ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 04149950 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WADACRE LIMITED

WADACRE LIMITED (REGISTERED NUMBER: 04149950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WADACRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs J C Matthews-Griffiths





REGISTERED OFFICE: America House
Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD





REGISTERED NUMBER: 04149950 (England and Wales)





ACCOUNTANTS: Malthouse & Company Chartered Accountants
America House, Rumford Court
Rumford Place
Liverpool
Merseyside
L3 9DD

WADACRE LIMITED (REGISTERED NUMBER: 04149950)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,326,130 510,039
3,326,130 510,039

CURRENT ASSETS
Stocks 110,140 86,640
Debtors 6 42,572 19,053
Cash at bank 174,282 16,672
326,994 122,365
CREDITORS
Amounts falling due within one year 7 1,671,668 645,996
NET CURRENT LIABILITIES (1,344,674 ) (523,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,981,456

(13,592

)

PROVISIONS FOR LIABILITIES (14,893 ) (14,893 )

ACCRUALS AND DEFERRED INCOME - (173,322 )
NET ASSETS/(LIABILITIES) 1,966,563 (201,807 )

WADACRE LIMITED (REGISTERED NUMBER: 04149950)

BALANCE SHEET - continued
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 365,002 365,002
Retained earnings 1,601,561 (566,809 )
SHAREHOLDERS' FUNDS 1,966,563 (201,807 )

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

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

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 29 January 2025 and were signed by:





Mrs J C Matthews-Griffiths - Director


WADACRE LIMITED (REGISTERED NUMBER: 04149950)

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


1. STATUTORY INFORMATION

Wadacre 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.

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 in the profit and loss account represents income from the Kennels, Nursery Farm and Horse Racing businesses and is net invoiced sales of services excluding VAT.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2002 has been fully written off over its estimated useful life of three years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Fixed assets are initially recorded at cost.

STOCKS
Stocks are valued at the cost of animals owned at the year end.


WADACRE LIMITED (REGISTERED NUMBER: 04149950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

GOVERNMENT GRANTS
The deferred government grants have been received in relation to nursery expenditure. They will be released to the profit and loss account over the useful economic life of the nursery.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 10 ) .

WADACRE LIMITED (REGISTERED NUMBER: 04149950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,000
AMORTISATION
At 1 February 2023
and 31 January 2024 10,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 690,458 345,033 1,035,491
Additions 3,165,471 210,520 3,375,991
Disposals (690,458 ) - (690,458 )
At 31 January 2024 3,165,471 555,553 3,721,024
DEPRECIATION
At 1 February 2023 234,131 291,321 525,452
Charge for year 63,309 40,264 103,573
Eliminated on disposal (234,131 ) - (234,131 )
At 31 January 2024 63,309 331,585 394,894
NET BOOK VALUE
At 31 January 2024 3,102,162 223,968 3,326,130
At 31 January 2023 456,327 53,712 510,039

WADACRE LIMITED (REGISTERED NUMBER: 04149950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 39,600
DEPRECIATION
At 1 February 2023 26,830
Charge for year 1,915
At 31 January 2024 28,745
NET BOOK VALUE
At 31 January 2024 10,855
At 31 January 2023 12,770

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 16,123
Other debtors 42,572 2,930
42,572 19,053

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 33,317 5,054
Taxation and social security 2,156 4,619
Other creditors 1,636,195 636,323
1,671,668 645,996

WADACRE LIMITED (REGISTERED NUMBER: 04149950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. RELATED PARTY DISCLOSURES

The Director was owed £1,620,673 (2023 £607,319) by the Company at the year-end.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of the director, Mrs J C Matthews-Griffiths, for the year under review.