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REGISTERED NUMBER: 02333152 (England and Wales)















WARDSEND LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






WARDSEND LTD (REGISTERED NUMBER: 02333152)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

WARDSEND LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: I M Laing
Mrs C E Laing
Miss C Laing
H A Laing





SECRETARY: Mrs C E Laing





REGISTERED OFFICE: 6-7 Citibase, New Barclay House
234 Botley Road
Oxford
OX2 0HP





REGISTERED NUMBER: 02333152 (England and Wales)





ACCOUNTANTS: Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 0HP

WARDSEND LTD (REGISTERED NUMBER: 02333152)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,306 8,824
Investments 5 1,270,626 1,264,893
1,276,932 1,273,717

CURRENT ASSETS
Debtors 6 308,519 408,233
Cash at bank and in hand 14,819 24,107
323,338 432,340
CREDITORS
Amounts falling due within one year 7 387,307 457,710
NET CURRENT LIABILITIES (63,969 ) (25,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,212,963

1,248,347

CREDITORS
Amounts falling due after more than one
year

8

(1,800,000

)

(1,800,000

)

PROVISIONS FOR LIABILITIES (1,199 ) (1,677 )
NET LIABILITIES (588,236 ) (553,330 )

CAPITAL AND RESERVES
Called up share capital 9,000 9,000
Share premium 3,075 3,075
Capital redemption reserve 4,000 4,000
Retained earnings (604,311 ) (569,405 )
(588,236 ) (553,330 )

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

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

WARDSEND LTD (REGISTERED NUMBER: 02333152)

BALANCE SHEET - continued
31 JULY 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 10 March 2025 and were signed on its behalf by:





H A Laing - Director


WARDSEND LTD (REGISTERED NUMBER: 02333152)

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

1. STATUTORY INFORMATION

Wardsend 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.

The financial statements have been prepared on a going concern basis, the validity of which is dependent upon the continued support of preference shares held as a financial liability. If the company was unable to continue, trading adjustments would have to be made to reduce the balance sheet values of the assets to recoverable amounts and provide for any further liabilities which may arise.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no judgements that are deemed to have had a significant effect on amounts recognised in the financial statements.

TURNOVER
Income 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.
Plant and machinery etc - 33% on cost and 25% on cost

INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Investments in associate undertakings are recognised at cost less any provision for impairment.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement.

The company holds the following financial instruments:- Investments in listed and unlisted entities
- Short term trade and other debtors and creditors
- Long term other creditors

Financial instuments are classified as basic apart from investments. Listed investments are recognised at fair value with any gains or losses being accounted for through the profit and loss account.


WARDSEND LTD (REGISTERED NUMBER: 02333152)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

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.

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 113,165
Additions 1,477
At 31 July 2024 114,642
DEPRECIATION
At 1 August 2023 104,341
Charge for year 3,995
At 31 July 2024 108,336
NET BOOK VALUE
At 31 July 2024 6,306
At 31 July 2023 8,824

WARDSEND LTD (REGISTERED NUMBER: 02333152)

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

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 August 2023 39,081 1,225,812 1,264,893
Additions - 5,733 5,733
At 31 July 2024 39,081 1,231,545 1,270,626
NET BOOK VALUE
At 31 July 2024 39,081 1,231,545 1,270,626
At 31 July 2023 39,081 1,225,812 1,264,893

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 12,000
Other debtors 3,965 7,793
3,965 19,793

Amounts falling due after more than one year:
Amounts owed by group undertakings 304,554 388,440

Aggregate amounts 308,519 408,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 5,167 8,401
Other creditors 382,140 449,309
387,307 457,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,800,000 1,800,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 36,000 36,000

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WARDSEND LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wardsend Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Wardsend Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wardsend Ltd and state those matters that we have agreed to state to the Board of Directors of Wardsend Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wardsend Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wardsend Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Wardsend Ltd. You consider that Wardsend Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wardsend Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mercer Lewin Ltd
Chartered Accountants
6-7 Citibase
New Barclay House
234 Botley Road
Oxford
OX2 0HP


10 March 2025