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REGISTERED NUMBER: 01270005 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Waddicar Property Limited

Waddicar Property Limited (Registered number: 01270005)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waddicar Property Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D Armor
P J Armor
S Armor





SECRETARY: S Armor





REGISTERED OFFICE: 32 Derby Street
Ormskirk
Lancashire
L39 2BY





REGISTERED NUMBER: 01270005 (England and Wales)





ACCOUNTANTS: Myersons
Chartered Accountants
32 Derby Street
Ormskirk
Lancashire
L39 2BY

Waddicar Property Limited (Registered number: 01270005)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 13,781,137 13,786,028
Investments 5 452,250 452,250
14,233,387 14,238,278

CURRENT ASSETS
Debtors 6 1,160,607 549,196
Cash at bank 541,267 747,255
1,701,874 1,296,451
CREDITORS
Amounts falling due within one year 7 1,537,392 2,066,597
NET CURRENT ASSETS/(LIABILITIES) 164,482 (770,146 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,397,869

13,468,132

CREDITORS
Amounts falling due after more than one year 8 (6,223,671 ) (5,448,068 )

PROVISIONS FOR LIABILITIES (4,249 ) (4,249 )
NET ASSETS 8,169,949 8,015,815

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 2,977,167 2,977,167
Retained earnings 5,191,782 5,037,648
SHAREHOLDERS' FUNDS 8,169,949 8,015,815

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

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

Waddicar Property Limited (Registered number: 01270005)

Balance Sheet - continued
30 September 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 15 May 2025 and were signed on its behalf by:





P J Armor - Director


Waddicar Property Limited (Registered number: 01270005)

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

1. STATUTORY INFORMATION

Waddicar Property 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.

Turnover
Turnover represents net invoiced rent, excluding value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 5 (2023 - 5 ) .

Waddicar Property Limited (Registered number: 01270005)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 13,766,721 27,931 1,690
DEPRECIATION
At 1 October 2023 - 27,784 1,600
Charge for year - 22 18
At 30 September 2024 - 27,806 1,618
NET BOOK VALUE
At 30 September 2024 13,766,721 125 72
At 30 September 2023 13,766,721 147 90

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 20,000 907 13,817,249
DEPRECIATION
At 1 October 2023 1,042 795 31,221
Charge for year 4,739 112 4,891
At 30 September 2024 5,781 907 36,112
NET BOOK VALUE
At 30 September 2024 14,219 - 13,781,137
At 30 September 2023 18,958 112 13,786,028

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 1997 55,521 27,931 1,690
Valuation in 2010 1,446,535 - -
Valuation in 2011 3,728,744 - -
Valuation in 2018 (2,253,633 ) - -
Cost 10,789,554 - -
13,766,721 27,931 1,690

Waddicar Property Limited (Registered number: 01270005)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 1997 - 907 86,049
Valuation in 2010 - - 1,446,535
Valuation in 2011 - - 3,728,744
Valuation in 2018 - - (2,253,633 )
Cost 20,000 - 10,809,554
20,000 907 13,817,249

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 10,739,290 10,739,290

In September 2018 the freehold land and buildings were valued on an open market basis by Eddisons Taylors Commercial Valuers. In the directors' opinion all freehold land and buildings are included in the balance sheet at their open market value.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 452,250
NET BOOK VALUE
At 30 September 2024 452,250
At 30 September 2023 452,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 53,340 27,906
Other debtors 1,107,267 521,290
1,160,607 549,196

Waddicar Property Limited (Registered number: 01270005)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts - 536,759
Trade creditors 59,619 18,575
Taxation and social security 20,922 41,899
Other creditors 1,456,851 1,469,364
1,537,392 2,066,597

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,223,671 5,448,068

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 6,223,671 5,984,827

The bank loans are secured by fixed charges on properties owned by the company and a floating charge over all the assets of the company in the name of Lloyds Bank Plc along with a debenture dated 22nd January 2019.

10. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 2,977,167

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are P & S Armor.