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Registration number: 09287102

Wingardium Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

Pages for filing with Registrar

 

Wingardium Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Wingardium Holdings Limited

Company Information

Directors

B R K Leah

J W Woollam

Registered office

One The Square
Temple Quay
Bristol
BS1 6DG

Registered number

09287102

Accountant

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Wingardium Holdings Limited

(Registration number: 09287102)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

2,147,723

2,147,723

Creditors: Amounts falling due within one year

5

(149,969)

(9,959)

Net assets

 

1,997,754

2,137,764

Capital and reserves

 

Called up share capital

6

1,111

1,111

Share premium reserve

681,389

681,389

Profit and loss account

1,315,254

1,455,264

Total equity

 

1,997,754

2,137,764

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 15 June 2025 and signed on its behalf by:
 

.........................................

J W Woollam
Director

 

Wingardium Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
One The Square
Temple Quay
Bristol
BS1 6DG
England

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Group accounts not prepared
The financial statements contain information about Wingardium Holdings Limited as an individual entity and do not contain consolidated financial information of its group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments
Investment in subsidiaries are measured at cost less impairment.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity over which the company has significant influence and that is neither a subsidiary nor an interest in a joint venture. Investments in associates are measured at cost less impairment.

 

Wingardium Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similiar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends
 

Dividends distributed to the company’s shareholders are recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Share based payments
Share based payments include arrangements where employees of the company's subsidiaries are granted options over the company's unissued shares, in return for services provided to those subsidiaries. The cost and corresponding increase in equity in respect of equity-settled share-based payment transactions with employees are measured by reference to the fair value of the equity instruments issued at the date of grant. The cost is recognised on a straight line basis over the vesting period based on the estimate of shares that will eventually vest and adjusted for the effect of non market-based vesting conditions. Since the options are granted in return for services provided to subsidiares the cost is included as a cost of the company's investment in those subsidiaries, with a corresponding entry to reserves. No cost has been recognised for the year under review because the arrangements and the cost are currently immaterial to an understanding of the company's financial postion and performance.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Wingardium Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

2,147,723

2,147,723

Details of undertakings

Details of the investments are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Hayes Parsons Holdings Limited

One The Square, Temple Quay, Bristol, England, BS1 6DG

England and Wales

Ordinary

100%

100%

Hayes Parsons Limited

One The Square, Temple Quay, Bristol, BS1 6DG

England and Wales

Ordinary

100%

100%

Admiral Marine Limited

One The Square, Temple Quay, Bristol, BS1 6DG

England and Wales

Ordinary

100%

100%

CMTIA Limited

One The Square, Temple Quay, Bristol, BS1 6DG

England and Wales

Ordinary

100%

100%

Ntegrity Insurance Solutions Limited

One The Square, Temple Quay, Bristol, BS1 6DG

England and Wales

Ordinary

100%

100%

Associates

Skreen Financial Services Ltd

10-12 Queens Road, Portishead, Bristol, BS20 8HT

Ordinary

30%

30%

England and Wales

In January 2023, the company's subsidiary, Hayes Parsons Holdings Ltd, acquired the entire issued share capital on Ntegrity Insurance Solutions Limited for a consideration of £3,274,944.

 

Wingardium Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The principal activity of Hayes Parsons Holdings Limited is that of a holding company.

The principal activity of each of Hayes Parsons Limited, Admiral Marine Limited, Skreen Financial Services Limited, and Ntegrity Insurance Solutions Limited is that of an insurance broker.

CMTIA Limited was dissolved in February 2024. The principal activity of CMTIA Limited was that of an insurance broker. The company's trade was transferred to Hayes Parsons Limited year ended 31 December 2022 and so CMTIA Limited had effectively been dormant since that time and throughout the year under review.

5

Creditors

2024
£

2023
£

Amounts falling due within one year

Amounts owed to group undertakings

149,969

9,959

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £0.01 each

111,120

1,111

111,120

1,111