REGISTERED NUMBER: 08333890 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Willson Grange Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Willson

H L Willson

REGISTERED OFFICE:

30 Birkenhead Road

Hoylake

Wirral

Merseyside

CH47 3BW

REGISTERED NUMBER:

08333890 (England and Wales)

ACCOUNTANTS:

Graham & Fisher Limited

T/A Grahams

Chartered Accountants

30 Birkenhead Road

Hoylake

Wirral

CH47 3BW

FIXED ASSETS

Tangible assets

4

219,353

421,007

CURRENT ASSETS

Debtors

5

598,901

531,164

Cash at bank

17,673

137,013

616,574

668,177

CREDITORS

Amounts falling due within one year

6

481,176

543,855

NET CURRENT ASSETS

135,398

124,322

TOTAL ASSETS LESS CURRENT LIABILITIES

354,751

545,329

CREDITORS

Amounts falling due after more than one year

7

(169,172

)

(387,996

)

PROVISIONS FOR LIABILITIES

(20,000

)

(71,233

)

NET ASSETS

165,579

86,100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

165,479

86,000

SHAREHOLDERS' FUNDS

165,579

86,100

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 directors acknowledge their 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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

S Willson - Director

1.	STATUTORY INFORMATION

Willson Grange 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

Financial instruments

Included in creditors due in more than one year is a subordinated loan which is being used to meet the company's own funds requirement in line with the requirements of the FCA.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

35,000

578,484

613,484

Additions

-

149,970

149,970

Disposals

-

(456,724

)

(456,724

)

At 31 December 2024

35,000

271,730

306,730

DEPRECIATION

At 1 January 2024

3,500

188,977

192,477

Charge for year

3,500

75,240

78,740

Eliminated on disposal

-

(183,840

)

(183,840

)

At 31 December 2024

7,000

80,377

87,377

NET BOOK VALUE

At 31 December 2024

28,000

191,353

219,353

At 31 December 2023

31,500

389,507

421,007

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

157,332

Additions

144,249

Disposals

(107,332

)

At 31 December 2024

194,249

DEPRECIATION

At 1 January 2024

48,708

Charge for year

29,812

Eliminated on disposal

(43,603

)

At 31 December 2024

34,917

NET BOOK VALUE

At 31 December 2024

159,332

At 31 December 2023

108,624

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

141,346

49,567

Other debtors

457,555

481,597

598,901

531,164

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

32,679

29,906

Hire purchase contracts

22,446

17,293

Trade creditors

23,354

22,644

Taxation and social security

173,863

60,230

Other creditors

228,834

413,782

481,176

543,855

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

-

32,679

Hire purchase contracts

149,172

110,833

Other creditors

20,000

244,484

169,172

387,996

8.	RELATED PARTY DISCLOSURES

As well as being the sole director and a shareholder of the company, Mr S Willson is also a shareholder and director of Trend Investments Limited, Linartson Estates Limited, Willson Grange Wills & Estates Limited, Kolben Limited, Carnow Limited, Willson Grange Mortgages Ltd and Viking Racing Ltd.

During the year payments made by these related parties on behalf of the company totalled £223,472 (2023 - £33,159), and loans from them totalled £103,500 (2023 - £540,724). In addition £49,070 (2023 - £77,834) was paid on behalf of related parties and loans to them totalled £128,429 (2023 - £280,026). Finally £14,763 (2023 - £2,181) was received on behalf of related parties, £nil (2023 - £900) was received by related parties on behalf of the company, management charges of £12,000 (2023 - £12,000) were invoiced to the company by related parties and assets were bought from related parties for £nil (2023 - £50,000)

A number of balances with related parties were written off as, in the directors opinion, they would not be recovered. The total amount of bad debts written off was £62,173 (2023 - £672,829)

At the end of the year,

the amount due from related parties was £nil (2023 - £199,073) and the amount due from the director was £431,681 (2023 - £259,888), which is included in current assets.

the amount due to related parties was £97,395 (2023 - £58,058) which is included in creditors due within one year.