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WY Holdings Limited

Registered Number
06821964
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

WY Holdings Limited
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

C J GRAFHAM
C S ORCHARD

Registered Address

270 Kings Road
London
SW3 5AW

Registered Number

06821964 (England and Wales)
WY Holdings Limited
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets359,755-
Investments4125125
59,880125
Current assets
Debtors1,187,595995,798
Cash at bank and on hand197,182323,638
1,384,7771,319,436
Creditors amounts falling due within one year5(685,370)(268,945)
Net current assets (liabilities)699,4071,050,491
Total assets less current liabilities759,2871,050,616
Net assets759,2871,050,616
Capital and reserves
Called up share capital125125
Profit and loss account759,1621,050,491
Shareholders' funds759,2871,050,616
The financial statements were approved and authorised for issue by the Board of Directors on 11 July 2025, and are signed on its behalf by:
C J GRAFHAM
Director
Registered Company No. 06821964
WY Holdings Limited
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in Sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery6.67
Fixtures and fittings6.67
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.Average number of employees

20252024
Average number of employees during the year22
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 24--1,4001,400
Additions6,76954,073-60,842
Disposals--(1,400)(1,400)
At 31 March 256,76954,073-60,842
Depreciation and impairment
At 01 April 24--1,4001,400
Charge for year851,002-1,087
On disposals--(1,400)(1,400)
At 31 March 25851,002-1,087
Net book value
At 31 March 256,68453,071-59,755
At 31 March 24----
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 24125125
At 31 March 25125125
Net book value
At 31 March 25125125
At 31 March 24125125

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables128,55553,633
Taxation and social security1,41549,035
Accrued liabilities and deferred income555,400166,277
Total685,370268,945
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £25,988 (2024 - £25,988). There were no contributions payable to the fund at the balance sheet date.
7.Related party transactions
During the year the company entered into transactions, in the ordinary course of business with other related parties. Transactions entered into and trading balances outstanding at 31 March 2025, are as follows: During the year the company paid £300,906 to a subsidiary company (2024 - £43,811). At the Balance Sheet date the company was owed £958,277 by subsidiary companies (2024 - £941,217) and the company owed £34,001 (2024 - £nil) to a subsidiary company. During the year the company made purchases of £46,600 from entities controlled by key management personnel (2024 - £60,000). At the Balance Sheet date the company was owed £200 by entities controlled by key management personnel (2024 - £200) and the company owed £94,553 (2024 - £53,633) to entities controlled by key management personnel. Terms and conditions of transactions with related parties Sales and purchases between related parties are made at normal market prices. Outstanding balances with entities are unsecured, interest free and cash settlement is expected within 60 days of invoice. The Company has not provided or benefited from any guarantees for any related party receivables or payables. During the year ended 31 March 2025, the Company has not made any provision for doubtful debts relating to amounts owed by related parties (2024: £nil). The company has provided a guarantee in respect of the bank overdraft of a subsidiary company. Key management personnel All directors who have authority and responsibility for planning, directing and controlling the activities of the Company are considered to be key management personnel. Total remuneration including dividends paid in respect of these individuals is £181,438 (2024: £180,953).
8.Controlling party
The ultimate controlling party for the year ended 31 March 2025 was Mr C S Orchard by virtue of his shareholdings in the company.