Wolf Legacy Development Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07685188 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2024

for

Wolf Legacy Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

J M Fillingham

REGISTERED OFFICE:

63 Monarchs Road

Sutterton

Boston

Lincolnshire

PE20 2HJ

REGISTERED NUMBER:

07685188 (England and Wales)

ACCOUNTANTS:

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

FIXED ASSETS

Investments

5

114,988

CURRENT ASSETS

Debtors

6

35,976

189,510

Cash at bank

543

200

36,519

189,710

CREDITORS

Amounts falling due within one year

7

67,291

55,852

NET CURRENT (LIABILITIES)/ASSETS

(30,772

)

133,858

TOTAL ASSETS LESS CURRENT
LIABILITIES

84,216

248,846

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

84,116

248,746

SHAREHOLDERS' FUNDS

84,216

248,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 27 September 2025 and were signed by:

J M Fillingham - Director

1.	STATUTORY INFORMATION

Wolf Legacy Development 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is derived from consultancy services supplied by the company.

Turnover is measured at the fair value of services supplied, net of discounts and excluding value added tax, and is recognised at the point that the company obtains the right to consideration.

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.

Investments

Fixed asset investments are recorded at cost less any accumulated impairment losses.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2023

and 30 June 2024

114,988

NET BOOK VALUE

At 30 June 2024

114,988

At 30 June 2023

114,988

The company has a 5% interest in SA Partners LLP. SA Partners LLP head office address is: Second Floor, Y Borth, 13 Beddau Way, Castlegate Business Park, Caerphilly, CF83 2AX.

A copy of SA Partners LLP accounts has been sent to the Registrar of Companies.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

4,981

1,637

Other debtors

30,995

187,873

35,976

189,510

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

696

8,535

Taxation and social security

26,966

44,292

Other creditors

39,629

3,025

67,291

55,852

8.	RELATED PARTY DISCLOSURES

The company operates a loan account with the director. During the year, the director repaid loans totalling £120,174 to the company. The balance due to the director at the year end was £327 (2024: £119,847 due from the director).

There are no fixed repayment terms and no interest is charged.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wolf Legacy Development Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Wolf Legacy Development Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wolf Legacy Development Limited and state those matters that we have agreed to state to the director of Wolf Legacy Development Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Wolf Legacy Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wolf Legacy Development Limited. You consider that Wolf Legacy Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wolf Legacy Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sharles Ltd

Chartered Accountants

29 Brandon Street

Hamilton

ML3 6DA

27 September 2025