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REGISTERED NUMBER: 12648816 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Wilmett Holdings Limited

Wilmett Holdings Limited (Registered number: 12648816)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wilmett Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R C Wilson
Mrs L A Wilson





REGISTERED OFFICE: 23 Woburn Street
Ampthill
Bedfordshire
MK45 2HP





REGISTERED NUMBER: 12648816 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Wilmett Holdings Limited (Registered number: 12648816)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,773 30,364
Investment property 5 709,253 679,459
732,026 709,823

CURRENT ASSETS
Debtors 6 300 1,039
Cash at bank 7,061 31,069
7,361 32,108
CREDITORS
Amounts falling due within one year 7 714,346 748,321
NET CURRENT LIABILITIES (706,985 ) (716,213 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,041

(6,390

)

PROVISIONS FOR LIABILITIES 5,661 -
NET ASSETS/(LIABILITIES) 19,380 (6,390 )

CAPITAL AND RESERVES
Called up share capital 302 302
Revaluation reserve 8 29,794 -
Retained earnings (10,716 ) (6,692 )
19,380 (6,390 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Wilmett Holdings Limited (Registered number: 12648816)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mrs L A Wilson - Director


Wilmett Holdings Limited (Registered number: 12648816)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Wilmett Holdings 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 as modified by the revaluation of certain assets.

Revenue
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue from the rental of investment properties is recognised evenly over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Wilmett Holdings Limited (Registered number: 12648816)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 48,636
DEPRECIATION
At 1 July 2023 18,272
Charge for year 7,591
At 30 June 2024 25,863
NET BOOK VALUE
At 30 June 2024 22,773
At 30 June 2023 30,364

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 679,459
Revaluations 29,794
At 30 June 2024 709,253
NET BOOK VALUE
At 30 June 2024 709,253
At 30 June 2023 679,459



Fixed assets, included in the above, which are held under finance leases are as follows:
Total
£   
FAIR VALUE
At 1 July 2023 169,423
Revaluations 10,577
At 30 June 2024 180,000
NET BOOK VALUE
At 30 June 2024 180,000
At 30 June 2023 169,423

Wilmett Holdings Limited (Registered number: 12648816)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 300 -
Other debtors - 1,039
300 1,039

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 249 1,543
Taxation and social security 349 -
Other creditors 713,748 746,778
714,346 748,321

8. RESERVES
Revaluation
reserve
£   
Transfers 29,794

At 30 June 2024 29,794

9. GOING CONCERN

At the balance sheet date the company had liabilities in excess of assets. The directors are aware of this position and business is being carried out with a long term aim of profitability.

The directors are of the opinion that it is appropriate to prepare the accounts on a going concern basis as all debts are being paid as they fall due and the upturn in trade post year end.