REGISTERED NUMBER: 00346686 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WILSON MOTORS(NORWICH),LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S T Tye

REGISTERED OFFICE:

209 Plumstead Road

Norwich

Norfolk

NR1 4LT

REGISTERED NUMBER:

00346686 (England and Wales)

FIXED ASSETS

Tangible assets

4

440

1,207

Investment property

5

490,000

310,000

490,440

311,207

CURRENT ASSETS

Debtors

6

577

5,132

Cash at bank

11,504

32,703

12,081

37,835

CREDITORS

Amounts falling due within one year

7

2,831

3,798

NET CURRENT ASSETS

9,250

34,037

TOTAL ASSETS LESS CURRENT LIABILITIES

499,690

345,244

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

8

-

235,356

Retained earnings

498,690

108,888

SHAREHOLDERS' FUNDS

499,690

345,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 1 September 2025 and were signed by:

Mr S T Tye - Director

1.	STATUTORY INFORMATION

Wilson Motors(Norwich),limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

The company's trading activity comprises entirely of the letting of its freehold premises and, therefore, turnover represents rental income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

10% on reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

Computer

equipment

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,670

4,809

7,479

DEPRECIATION

At 1 January 2024

2,182

4,090

6,272

Charge for year

48

719

767

At 31 December 2024

2,230

4,809

7,039

NET BOOK VALUE

At 31 December 2024

440

-

440

At 31 December 2023

488

719

1,207

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

310,000

Revaluations

180,000

At 31 December 2024

490,000

NET BOOK VALUE

At 31 December 2024

490,000

At 31 December 2023

310,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

415,356

Cost

74,644

490,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

577

5,132

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

1,271

2,184

Other creditors

1,560

1,614

2,831

3,798

8.

RESERVES

Revaluation

reserve

£

At 1 January 2024

235,356

Transfer to profit and loss

reserve

(235,356

)

At 31 December 2024

-

Deferred tax has not been provided at it considered that no tax would arise on the sale of the property in view of the original cost after allowing for indexation.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr S H Tye

Balance outstanding at start of year

1,398

-

Amounts advanced

-

1,398

Amounts repaid

(1,398

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,398