REGISTERED NUMBER: 14138015 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Wilson & Bradford Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Bradford

Mrs T A Wilson

REGISTERED OFFICE:

JL Priestley Pride Parkway

Enterprise Park

Sleaford

NG34 8GL

REGISTERED NUMBER:

14138015 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Investments

4

9,231,021

9,231,019

CURRENT ASSETS

Cash in hand

299

300

CREDITORS

Amounts falling due within one year

5

6,634,770

4,467,769

NET CURRENT LIABILITIES

(6,634,471

)

(4,467,469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,596,550

4,763,550

CREDITORS

Amounts falling due after more than one year

6

2,596,250

4,763,250

NET ASSETS

300

300

CAPITAL AND RESERVES

Called up share capital

7

300

300

SHAREHOLDERS' FUNDS

300

300

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 30 September 2025 and were signed on its behalf by:

C J Bradford - Director

1.	STATUTORY INFORMATION

Wilson & Bradford Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Wilson & Bradford Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Kings Owen (Derbyshire) Limited, Wingfield Lodge Moorwood Moor, South Wingfield, Alfreton, England, DE55 7NU

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

9,231,019

Additions

2

At 31 December 2024

9,231,021

NET BOOK VALUE

At 31 December 2024

9,231,021

At 31 December 2023

9,231,019

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

4,360,782

2,225,213

Other creditors

2,273,988

2,242,556

6,634,770

4,467,769

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

2,596,250

4,763,250

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary A

£1

200

200

99

Ordinary B

£1

99

99

1

Ordinary C

£1

1

1

300

300

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Sewell BA(Hons) FCA CTA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

9.	RELATED PARTY DISCLOSURES

Included within creditors due in less than one year is a balance of £1,000,000 owed to a group company. This balance is charged at an interest rate of 4.98% per annum.

10.	ULTIMATE CONTROLLING PARTY