0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,277,326 1,277,326 1,277,326 xbrli:pure xbrli:shares iso4217:GBP 01574117 2023-12-01 2024-11-30 01574117 2024-11-30 01574117 2023-11-30 01574117 2022-12-01 2023-11-30 01574117 2023-11-30 01574117 2022-11-30 01574117 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 01574117 bus:Director2 2023-12-01 2024-11-30 01574117 core:WithinOneYear 2024-11-30 01574117 core:WithinOneYear 2023-11-30 01574117 core:ShareCapital 2024-11-30 01574117 core:ShareCapital 2023-11-30 01574117 core:RevaluationReserve 2024-11-30 01574117 core:RevaluationReserve 2023-11-30 01574117 core:RetainedEarningsAccumulatedLosses 2024-11-30 01574117 core:RetainedEarningsAccumulatedLosses 2023-11-30 01574117 core:LandBuildings 2024-11-30 01574117 core:LandBuildings 2023-11-30 01574117 bus:Director1 2023-12-01 2024-11-30 01574117 bus:SmallEntities 2023-12-01 2024-11-30 01574117 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 01574117 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 01574117 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 01574117 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 01574117
Wiltoncote Limited
Filleted Unaudited Financial Statements
30 November 2024
Wiltoncote Limited
Financial Statements
Year ended 30 November 2024
Contents
Pages
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2 to 3
Notes to the financial statements
4 to 6
Wiltoncote Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Wiltoncote Limited
Year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wiltoncote Limited for the year ended 30 November 2024, which comprise the statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Wiltoncote Limited, as a body, in accordance with the terms of our engagement letter dated 17 July 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Wiltoncote Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wiltoncote Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Wiltoncote Limited 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 Wiltoncote Limited. You consider that Wiltoncote Limited 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 Wiltoncote Limited. 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.
HEBBLETHWAITES Chartered Accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
21 May 2025
Wiltoncote Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
1,277,326
1,277,326
Creditors: amounts falling due within one year
5
68,373
67,688
--------
--------
Net current liabilities
68,373
67,688
------------
------------
Total assets less current liabilities
1,208,953
1,209,638
Provisions
Taxation including deferred tax
91,166
91,166
------------
------------
Net assets
1,117,787
1,118,472
------------
------------
Wiltoncote Limited
Statement of Financial Position (continued)
30 November 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
4
4
Revaluation reserve
575,022
575,022
Profit and loss account
542,761
543,446
------------
------------
Shareholders funds
1,117,787
1,118,472
------------
------------
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 comprehensive income has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 May 2025 , and are signed on behalf of the board by:
Mrs G Deakin
Director
Company registration number: 01574117
Wiltoncote Limited
Notes to the Financial Statements
Year ended 30 November 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 33 Dalebrook Court, Stumperlowe Crescent Road, Sheffield, S10 3PQ, South Yorkshire.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At the year end date, the Statement of Financial Position reflects a net current liability position, if with positive total assets. The financial statements have, however, been prepared on a going concern basis, which basis is deemed to remain appropriate by the directors given the strong underlying asset base and the ongoing funding provided to the company by related parties, which funding is not expected to be withdrawn for the foreseeable future.
Judgements and key sources of estimation uncertainty
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. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax
Tangible assets
All fixed assets are initially recorded at cost. The company investment properties are not depreciated.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
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 entity after deducting all of its financial liabilities.
4. Tangible assets
Land and buildings
£
Cost
At 1 December 2023 and 30 November 2024
1,277,326
------------
Depreciation
At 1 December 2023 and 30 November 2024
------------
Carrying amount
At 30 November 2024
1,277,326
------------
At 30 November 2023
1,277,326
------------
Tangible assets held at valuation
The brought forward investment properties were subject to professional valuations, at their estimated market resale values. The directors consider that the carrying values remain valid at the year end date of 30 November 2024. The original cost of the properties amounted to £611,138 (2023: £611,138).
5. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
67,748
67,063
Other creditors
625
625
--------
--------
68,373
67,688
--------
--------
6. Related party transactions
A loan account exists between this company and a related party, under common directorship and control. At the year end date of 30 November 2024, Wiltoncote Limited was indebted to the related party, in the sum of £67,748 (2023: £67,063). There are no formal repayment for repayment of this loan and interest is not being charged.
7. Controlling party
The parent company is Wiltoncote Holdings No.1 Limited, a company incorporated in England and Wales. The registered office address of the parent company is 33 Dalebrook Court, Stumperlowe Crescent Road, Sheffield S10 3PQ. The group structure headed by Wiltoncote Holdings No.1 Limited qualifies as a small group, and therefore the parent company is not required to prepare consolidated financial statements. The ultimate controlling party is Mrs G Deakin .