0 1 September 2025 false false false false false false false false false false true false false false false true true No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 5,496,404 4,532,624 963,780 963,780 xbrli:pure xbrli:shares iso4217:GBP 10437460 2023-09-01 2024-08-31 10437460 2024-08-31 10437460 2023-08-31 10437460 2023-03-01 2023-08-31 10437460 2023-08-31 10437460 2023-02-28 10437460 bus:Director1 2023-09-01 2024-08-31 10437460 core:WithinOneYear 2024-08-31 10437460 core:WithinOneYear 2023-08-31 10437460 core:ShareCapital 2024-08-31 10437460 core:ShareCapital 2023-08-31 10437460 core:RetainedEarningsAccumulatedLosses 2024-08-31 10437460 core:RetainedEarningsAccumulatedLosses 2023-08-31 10437460 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 10437460 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-08-31 10437460 core:Non-currentFinancialInstruments 2024-08-31 10437460 core:Non-currentFinancialInstruments 2023-08-31 10437460 bus:SmallEntities 2023-09-01 2024-08-31 10437460 bus:Audited 2023-09-01 2024-08-31 10437460 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10437460 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10437460 bus:FullAccounts 2023-09-01 2024-08-31 10437460 1 2023-09-01 2024-08-31 10437460 core:KeyManagementPersonnel 2023-09-01 2024-08-31 10437460 core:AllAssociates 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 10437460

Wiesloch Limited

Filleted Financial Statements

31 August 2024

Wiesloch Limited

Financial Statements

Year ended 31 August 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 2

Wiesloch Limited

Statement of Financial Position

31 August 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Investments | 5 | 963,780 | 963,780

Current assets

Debtors | 6 | 1,142,174 | 791,556
Cash at bank and in hand | 6 | 1,836
| ------------ | ---------
| 1,142,180 | 793,392

Creditors: amounts falling due within one year | 7 | 6,791,809 | 6,424,749
| ------------ | ------------
Net current liabilities | 5,649,629 | 5,631,357
| ------------ | ------------
Total assets less current liabilities | ( 4,685,849) | ( 4,667,577)
| ------------ | ------------
Net liabilities | ( 4,685,849) | ( 4,667,577)
| ------------ | ------------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | ( 4,685,949) | ( 4,667,677)
| ------------ | ------------
Shareholders deficit | ( 4,685,849) | ( 4,667,577)
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The director acknowledges his 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 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 M A H Kachingwe |
Director |

Company registration number: 10437460

Wiesloch Limited

Notes to the Financial Statements

Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, CT1 3DN, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The director has considered going concern with particular reference to the amounts owed to the company by other group companies. The director has received confirmation of support from the other companies in the group and the group has also received confirmation from the ultimate shareholder that they will continue to support the entity to meet its liabilities as they fall due. The director has no reason to believe that this will not be received, if required, and continue to prepare the accounts on this basis.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of Ilektra Limited as at 31st August 2024 which can be obtained from 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel. These exemptions have been applied on the basis that Ilektra Limited includes equivalent disclosures for Wiesloch Limited in its consolidated financial statements prepared in accordance with UK GAAP.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employees
There were no employees during the current or comparative period.
5. Investments

| Shares in group undertakings
| £
Cost |
At 1 September 2023 and 31 August 2024 | 5,496,404
| ------------
Impairment |
At 1 September 2023 and 31 August 2024 | 4,532,624
| ------------

Carrying amount |
At 31 August 2024 | 963,780
| ------------
At 31 August 2023 | 963,780
| ------------

6. Debtors

| 2024 | 2023
| £ | £
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 1,141,531 | 791,556
Other debtors | 643 | –
| ------------ | ---------
| 1,142,174 | 791,556
| ------------ | ---------

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 4,170 | –
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 2,348,970 | 2,203,975
Other creditors | 4,438,669 | 4,220,774
| ------------ | ------------
| 6,791,809 | 6,424,749
| ------------ | ------------

8. Contingencies
The company has a contingent liability of £2,647,497 relating to cross company guarantees for security given to IGF Business Credit Ltd.
9. Events after the end of the reporting period
In November 2024, the group refinanced all of its cashflow loan facilities, resulting in a simplified capital structure, with capacity to draw on additional funding to support future acquisitions.
10. Summary audit opinion
The auditor's report dated 1 September 2025 was unqualified .
The senior statutory auditor was Richard Stewart , for and on behalf of Burgess Hodgson Audit Limited .
11. Related party transactions
At the balance sheet date the company owed the Director £4,415,869 (2023: £4,008,717). Related party transactions with group companies have not been disclosed as consolidated accounts are prepared by the parent entity.
12. Controlling party
The parent company is Ilektra Limited, a company registered in England and Wales. The ultimate controlling party is Mr M A H Kachingwe who owns 100% of the shares of the parent company. His service address is Camburgh House, 27 New Dover Road, Canterbury, Kent, United Kingdom, CT1 3DN.