Company registration number 15644943 (England and Wales)
WILCO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
WILCO LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
WILCO LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. C Carrall-Wilcocks
(Appointed 14 April 2024)
Dr. K Carrall-Wilcocks
(Appointed 14 April 2024)
Company number
15644943
Registered office
Stable Close Veterinary Clinic
St Cross Road
Winchester
United Kingdom
SO23 9PR
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
WILCO LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 2 -
2025
Notes
£
£
Fixed assets
Investment property
3
667,420
Current assets
Cash at bank and in hand
2,326
Creditors: amounts falling due within one year
4
(230,721)
Net current liabilities
(228,395)
Total assets less current liabilities
439,025
Creditors: amounts falling due after more than one year
5
(440,717)
Net liabilities
(1,692)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(1,792)
Total equity
(1,692)
WILCO LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 3 -
For the financial period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 10 July 2025 and are signed on its behalf by:
Mr. C Carrall-Wilcocks
Director
Company registration number 15644943 (England and Wales)
WILCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
- 4 -
1
Accounting policies
Company information
Wilco Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stable Close Veterinary Clinic, St Cross Road, Winchester, United Kingdom, SO23 9PR.
1.1
Reporting period
The accounts are prepared from the incorporation date of 14 April 2024 to 31 January 2025.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.3
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4
Turnover
The turnover shown in the profit and loss account represents amounts receivable in relation to property rental during the period.
1.5
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
WILCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 5 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2025
Number
Total
2
3
Investment property
2025
£
Fair value
At 14 April 2024
Additions
667,420
At 31 January 2025
667,420
The fair value of the investment property is determined by the directors based on rental yield and current market conditions.
The historical cost of the investment property is £667,420.
4
Creditors: amounts falling due within one year
2025
£
Bank loans
7,200
Other creditors
223,521
230,721
Bank loans of £7,200 are secured by way of a fixed and floating charge on the company's assets.
5
Creditors: amounts falling due after more than one year
2025
£
Bank loans and overdrafts
440,717
Bank loans of £440,717 are secured by way of a fixed and floating charge on the company's assets.
WILCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 6 -
6
Related party transactions
During the period Wilco Limited borrowed £75,000 from a company under common control. At the period end the amount owing to the related company was £75,000. No interest was charged on this loan which is unsecured and repayable on demand.