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No description of principal activity
2023-12-01
Sage Accounts Production Advanced 2024 - FRS102_2024
1,250
1,250
1,250
1,250
19,145
19,145
19,145
xbrli:pure
xbrli:shares
iso4217:GBP
07067463
2023-12-01
2024-11-30
07067463
2024-11-30
07067463
2023-11-30
07067463
2022-12-01
2023-11-30
07067463
2023-11-30
07067463
2022-11-30
07067463
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2023-11-30
07067463
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07067463
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2023-11-30
07067463
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2023-11-30
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2023-11-30
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07067463
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2024-11-30
COMPANY REGISTRATION NUMBER:
07067463
|
Wiltoncote Holdings No.1 Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Wiltoncote Holdings No.1 Limited |
|
Year ended 30 November 2024
|
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 7 |
|
|
|
Wiltoncote Holdings No.1 Limited |
|
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Wiltoncote Holdings No.1 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 Holdings No.1 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 Holdings No.1 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 Holdings No.1 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 Holdings No.1 Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Wiltoncote Holdings No.1 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 profit of Wiltoncote Holdings No.1 Limited. You consider that Wiltoncote Holdings No.1 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 Holdings No.1 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 Holdings No.1 Limited |
|
|
Statement of Financial Position |
|
30 November 2024
Fixed assets
|
Investments |
5 |
19,145 |
19,145 |
|
|
|
|
Current assets
|
Debtors |
6 |
67,748 |
67,063 |
|
Cash at bank and in hand |
719,372 |
674,582 |
|
--------- |
--------- |
|
787,120 |
741,645 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
574,096 |
547,650 |
|
--------- |
--------- |
|
Net current assets |
213,024 |
193,995 |
|
--------- |
--------- |
|
Total assets less current liabilities |
232,169 |
213,140 |
|
--------- |
--------- |
|
Net assets |
232,169 |
213,140 |
|
--------- |
--------- |
|
|
|
|
|
Wiltoncote Holdings No.1 Limited |
|
|
Statement of Financial Position (continued) |
|
30 November 2024
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
232,167 |
213,138 |
|
--------- |
--------- |
|
Shareholders funds |
232,169 |
213,140 |
|
--------- |
--------- |
|
|
|
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 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:
Company registration number:
07067463
|
Wiltoncote Holdings No.1 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.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year for rental charges, net of VAT.
Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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 |
- |
33% 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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Fixtures and fittings |
Total |
|
£ |
£ |
|
Cost |
|
|
|
At 1 December 2023 |
1,250 |
1,250 |
|
Disposals |
(
1,250) |
(
1,250) |
|
------- |
------- |
|
At 30 November 2024 |
– |
– |
|
------- |
------- |
|
Depreciation |
|
|
|
At 1 December 2023 |
1,250 |
1,250 |
|
Disposals |
(
1,250) |
(
1,250) |
|
------- |
------- |
|
At 30 November 2024 |
– |
– |
|
------- |
------- |
|
Carrying amount |
|
|
|
At 30 November 2024 |
– |
– |
|
------- |
------- |
|
At 30 November 2023 |
– |
– |
|
------- |
------- |
|
|
|
5.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 December 2023 and 30 November 2024 |
19,145 |
|
-------- |
|
Impairment |
|
|
At 1 December 2023 and 30 November 2024 |
– |
|
-------- |
|
|
|
Carrying amount |
|
|
At 30 November 2024 |
19,145 |
|
-------- |
|
At 30 November 2023 |
19,145 |
|
-------- |
|
|
The investment in the group company relates to the holding of the entire, 100% of the ordinary share capital of Wiltoncote Limited, a company incorporated in England and Wales, operating in property dealing and investment.
The aggregate capital and reserves and results for this subsidiary company for the latest financial year, ended 30 November 2024, were as follows:
Capital and Reserves
£1,117,787 (2023: £1,118,472)
Loss for the Year
£685 (2023: £585)
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by the subsidiary company |
67,748 |
67,063 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed to related parties |
463,620 |
435,283 |
|
Corporation tax |
15,730 |
14,295 |
|
Social security and other taxes |
8,537 |
7,938 |
|
Other creditors |
86,209 |
90,134 |
|
--------- |
--------- |
|
574,096 |
547,650 |
|
--------- |
--------- |
|
|
|
8.
Related party transactions
Included in debtors at the year end date is a loan account balance of £67,748 (2023: £67,063) owed to
Wiltoncote Holdings No.1 Limited
from a related party. The company is related by virtue of common directorship and control. There are no formal terms for repayment for this balance and interest is not being charged. Included in creditors at the year end date is a loan account balance of £463,620 (2023: £435,283) owing by Wiltoncote Holdings No.1 Limited
to a related party. The company is related by virtue of common directorship and control. There are no formal terms for repayment of this balance and interest is not being charged. Included in creditors at the year end date is a loan account balance of £Nil (2023: £40,000) owing by the company to Mr M D Deakin, a former director of the company.