1 October 2023 v2025.57.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP034446012023-10-012024-09-30034446012024-09-30034446012023-09-3003444601core:WithinOneYear2024-09-3003444601core:WithinOneYear2023-09-3003444601core:AfterOneYear2023-09-3003444601core:ShareCapital2024-09-3003444601core:ShareCapital2023-09-3003444601core:RevaluationReserve2024-09-3003444601core:RevaluationReserve2023-09-3003444601core:RetainedEarningsAccumulatedLosses2024-09-3003444601core:RetainedEarningsAccumulatedLosses2023-09-3003444601bus:Director12023-10-012024-09-3003444601bus:RegisteredOffice2023-10-012024-09-3003444601core:MotorVehicles2023-10-012024-09-30034446012022-10-012023-09-3003444601core:PlantMachinery2024-09-3003444601core:PlantMachinery2023-10-0103444601core:PlantMachinery2023-10-012024-09-3003444601core:PlantMachinery2023-09-3003444601core:CostValuation2023-10-0103444601core:DisposalsRepaymentsInvestments2024-09-3003444601core:CostValuation2024-09-300344460112023-10-012024-09-3003444601countries:EnglandWales2023-10-012024-09-3003444601bus:AuditExemptWithAccountantsReport2023-10-012024-09-3003444601bus:PrivateLimitedCompanyLtd2023-10-012024-09-3003444601bus:SmallEntities2023-10-012024-09-3003444601bus:FullAccounts2023-10-012024-09-30
Company registration number:
03444601
WMJ Holdings Limited
Unaudited Filleted Financial Statements for the year ended
30 September 2024
WMJ Holdings Limited
Statement of Financial Position
30 September 2024
20242023
Note££
Fixed assets    
Tangible assets 5
41,977
 
55,969
 
Investments 6
630,000
 
943,555
 
671,977
 
999,524
 
Current assets    
Debtors 7
559,196
 
805,036
 
Cash at bank and in hand
4,782
 
8,262
 
563,978
 
813,298
 
Creditors: amounts falling due within one year 8
(52,166
)
(46,458
)
Net current assets
511,812
 
766,840
 
Total assets less current liabilities 1,183,789   1,766,364  
Creditors: amounts falling due after more than one year 9 -  
(41,351
)
Provisions for liabilities
(27,736
)
(32,534
)
Net assets
1,156,053
 
1,692,479
 
Capital and reserves    
Called up share capital
1,200
 
1,200
 
Revaluation reserve
104,003
 
115,260
 
Profit and loss account
1,050,850
 
1,576,019
 
Shareholders funds
1,156,053
 
1,692,479
 
For the year ending
30 September 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
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
1 September 2025
, and are signed on behalf of the board by:
Mr Andrew Smith
Director
Company registration number:
03444601
WMJ Holdings Limited
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Suite 131
,
80 Churchill Square
,
West Malling
,
Kent
,
ME19 4YU
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor vehicles
25% Reducing Balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

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.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2023
and
30 September 2024
89,785
 
Depreciation  
At
1 October 2023
33,816
 
Charge
13,992
 
At
30 September 2024
47,808
 
Carrying amount  
At
30 September 2024
41,977
 
At 30 September 2023
55,969
 

6 Investments

Other investments other than loans
£
Cost  
At
1 October 2023
943,555
 
Disposals
(313,555
)
At
30 September 2024
630,000
 
Impairment  
At
1 October 2023
and
30 September 2024
-  
Carrying amount  
At
30 September 2024
630,000
 
At 30 September 2023
943,555
 

Investments held at valuation

In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
20242023
Other investments other than loansOther investments other than loans
££
Aggregate historical cost 525,997   828,295  
Carrying amount 525,997   828,295  

7 Debtors

20242023
££
Other debtors
559,196
 
805,036
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
20,930
 
10,450
 
Taxation and social security
24,816
 
6,975
 
Other creditors
6,420
 
29,033
 
52,166
 
46,458
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts -  
41,351
 

10 Share capital

During the period, the company had ordinary share capital (£1 per share) of £1,200 Allotted, called up and fully paid (2023: £1,200).