0 false false false false true false false false false false false true false false false false true false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 504,000 504,000 504,000 xbrli:pure xbrli:shares iso4217:GBP 10317734 2023-09-01 2024-08-31 10317734 2024-08-31 10317734 2023-08-31 10317734 2022-09-01 2023-08-31 10317734 2023-08-31 10317734 2022-08-31 10317734 core:Subsidiary1 2023-09-01 2024-08-31 10317734 core:FurnitureFittings 2023-09-01 2024-08-31 10317734 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10317734 bus:OrdinaryShareClass2 2023-09-01 2024-08-31 10317734 bus:OrdinaryShareClass3 2023-09-01 2024-08-31 10317734 bus:OrdinaryShareClass4 2023-09-01 2024-08-31 10317734 bus:Director1 2023-09-01 2024-08-31 10317734 core:FurnitureFittings 2023-08-31 10317734 core:FurnitureFittings 2024-08-31 10317734 core:WithinOneYear 2024-08-31 10317734 core:WithinOneYear 2023-08-31 10317734 core:ShareCapital 2024-08-31 10317734 core:ShareCapital 2023-08-31 10317734 core:RetainedEarningsAccumulatedLosses 2024-08-31 10317734 core:RetainedEarningsAccumulatedLosses 2023-08-31 10317734 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 10317734 core:Non-currentFinancialInstruments 2024-08-31 10317734 core:Non-currentFinancialInstruments 2023-08-31 10317734 core:FurnitureFittings 2023-08-31 10317734 bus:SmallEntities 2023-09-01 2024-08-31 10317734 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10317734 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10317734 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10317734 bus:FullAccounts 2023-09-01 2024-08-31 10317734 bus:OrdinaryShareClass1 2024-08-31 10317734 bus:OrdinaryShareClass1 2023-08-31 10317734 bus:OrdinaryShareClass2 2024-08-31 10317734 bus:OrdinaryShareClass2 2023-08-31 10317734 bus:OrdinaryShareClass3 2024-08-31 10317734 bus:OrdinaryShareClass3 2023-08-31 10317734 bus:OrdinaryShareClass4 2024-08-31 10317734 bus:OrdinaryShareClass4 2023-08-31 10317734 bus:AllOrdinaryShares 2024-08-31 10317734 bus:AllOrdinaryShares 2023-08-31
COMPANY REGISTRATION NUMBER: 10317734
WG 85 LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2024
WG 85 LTD
STATEMENT OF FINANCIAL POSITION
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
5,679
7,122
Investments
5
504,000
504,000
---------
---------
509,679
511,122
Current assets
Cash at bank and in hand
1,305
2,765
Creditors: amounts falling due within one year
6
172,753
173,614
---------
---------
Net current liabilities
171,448
170,849
---------
---------
Total assets less current liabilities
338,231
340,273
---------
---------
Net assets
338,231
340,273
---------
---------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
338,131
340,173
---------
---------
Shareholders funds
338,231
340,273
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WG 85 LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 24 April 2025 , and are signed on behalf of the board by:
Mr WG Gilder
Director
Company registration number: 10317734
WG 85 LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 108 Wimbledon Road, Nottingham, NG5 1GW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Equipment
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
2,260
26,081
28,341
-------
--------
--------
Depreciation
At 1 September 2023
1,900
19,319
21,219
Charge for the year
90
1,353
1,443
-------
--------
--------
At 31 August 2024
1,990
20,672
22,662
-------
--------
--------
Carrying amount
At 31 August 2024
270
5,409
5,679
-------
--------
--------
At 31 August 2023
360
6,762
7,122
-------
--------
--------
5. Investments
Other investments other than loans
£
Cost
At 1 September 2023 and 31 August 2024
504,000
---------
Impairment
At 1 September 2023 and 31 August 2024
---------
Carrying amount
At 31 August 2024
504,000
---------
At 31 August 2023
504,000
---------
The Company made an investment in the following:
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
LW 11 Limited
Ordinary
100
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
45,825
45,824
Other creditors
126,928
127,790
---------
---------
172,753
173,614
---------
---------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
25
25
25
25
Ordinary A shares of £ 1 each
25
25
25
25
Ordinary C shares of £ 1 each
25
25
25
25
Ordinary D shares of £ 1 each
25
25
25
25
----
----
----
----
100
100
100
100
----
----
----
----
8. Related party transactions
WG 85 Ltd holds 100% of the shares in LW 11 Limited. At balance sheet date, LW 11 Limited is owed £45,825 (2023: £45,824) from the company.