2 2 Wildcats Group Ltd 14288670 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of the performing arts. Digita Accounts Production Advanced 6.30.9574.0 true 14288670 2023-09-01 2024-08-31 14288670 2024-08-31 14288670 core:CurrentFinancialInstruments 2024-08-31 14288670 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 14288670 core:FurnitureFittingsToolsEquipment 2024-08-31 14288670 core:OtherPropertyPlantEquipment 2024-08-31 14288670 bus:SmallEntities 2023-09-01 2024-08-31 14288670 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 14288670 bus:FilletedAccounts 2023-09-01 2024-08-31 14288670 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 14288670 bus:RegisteredOffice 2023-09-01 2024-08-31 14288670 bus:Director1 2023-09-01 2024-08-31 14288670 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14288670 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 14288670 core:OfficeEquipment 2023-09-01 2024-08-31 14288670 core:OtherPropertyPlantEquipment 2023-09-01 2024-08-31 14288670 countries:England 2023-09-01 2024-08-31 14288670 2023-08-31 14288670 core:FurnitureFittingsToolsEquipment 2023-08-31 14288670 core:OtherPropertyPlantEquipment 2023-08-31 14288670 2022-08-10 2023-08-31 14288670 2023-08-31 14288670 core:CurrentFinancialInstruments 2023-08-31 14288670 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 14288670 core:FurnitureFittingsToolsEquipment 2023-08-31 14288670 core:OtherPropertyPlantEquipment 2023-08-31 xbrli:pure iso4217:GBP

Registration number: 14288670

Wildcats Group Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Wildcats Group Ltd

(Registration number: 14288670)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,963

6,654

Current assets

 

Debtors

5

1,171

366

Cash at bank and in hand

 

19,470

20,895

 

20,641

21,261

Creditors: Amounts falling due within one year

6

(11,623)

(15,490)

Net current assets

 

9,018

5,771

Net assets

 

13,981

12,425

Capital and reserves

 

Called up share capital

100

100

Retained earnings

13,881

12,325

Shareholders' funds

 

13,981

12,425

For the financial year ending 31 August 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board for issue on 30 June 2025 and signed on its behalf by:
 

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

Mrs C Dolby

Director

 

Wildcats Group Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
22 St. Georges Street
Stamford
Lincolnshire
PE9 2BU
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Wildcats Group Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33% reducing balance

Furniture & Fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

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

3

Staff numbers

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

 

Wildcats Group Ltd

Notes to the Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 September 2023

9,273

-

9,273

Additions

-

308

308

At 31 August 2024

9,273

308

9,581

Depreciation

At 1 September 2023

2,619

-

2,619

Charge for the year

1,999

-

1,999

At 31 August 2024

4,618

-

4,618

Carrying amount

At 31 August 2024

4,655

308

4,963

At 31 August 2023

6,654

-

6,654

5

Debtors

Current

2024
£

2023
£

Prepayments

1,171

366

 

1,171

366

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to related parties

4,885

6,801

Other creditors

 

6,738

8,689

 

11,623

15,490

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £2,600 (2023 - £10,400). The commitments are in respect of rental obligations.