Silverfin false false 31/07/2024 01/08/2023 31/07/2024 D C Gilbert 10/07/2015 H J W Gilbert 10/07/2015 29 April 2025 The principal activity of the Company during the financial year was the letting of properties. 09680927 2024-07-31 09680927 bus:Director1 2024-07-31 09680927 bus:Director2 2024-07-31 09680927 2023-07-31 09680927 core:CurrentFinancialInstruments 2024-07-31 09680927 core:CurrentFinancialInstruments 2023-07-31 09680927 core:ShareCapital 2024-07-31 09680927 core:ShareCapital 2023-07-31 09680927 core:RetainedEarningsAccumulatedLosses 2024-07-31 09680927 core:RetainedEarningsAccumulatedLosses 2023-07-31 09680927 2023-08-01 2024-07-31 09680927 bus:FilletedAccounts 2023-08-01 2024-07-31 09680927 bus:SmallEntities 2023-08-01 2024-07-31 09680927 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09680927 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09680927 bus:Director1 2023-08-01 2024-07-31 09680927 bus:Director2 2023-08-01 2024-07-31 09680927 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 09680927 (England and Wales)

WILD GENERATION LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

WILD GENERATION LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

WILD GENERATION LIMITED

BALANCE SHEET

As at 31 July 2024
WILD GENERATION LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 339,445 339,445
339,445 339,445
Current assets
Debtors 4 14,397 4,484
14,397 4,484
Creditors: amounts falling due within one year 5 ( 342,994) ( 341,539)
Net current liabilities (328,597) (337,055)
Total assets less current liabilities 10,848 2,390
Net assets 10,848 2,390
Capital and reserves
Called-up share capital 98 2
Profit and loss account 10,750 2,388
Total shareholders' funds 10,848 2,390

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Wild Generation Limited (registered number: 09680927) were approved and authorised for issue by the Board of Directors on 29 April 2025. They were signed on its behalf by:

D C Gilbert
Director
WILD GENERATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
WILD GENERATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wild Generation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of lettings services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 August 2023 339,445
As at 31 July 2024 339,445

4. Debtors

2024 2023
£ £
Other debtors 14,397 4,484

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 1,961 560
Other creditors 341,033 340,979
342,994 341,539