| Wampum Ltd |
| Registered number: |
09914099 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
680,000 |
|
|
825,000 |
|
| Current assets |
| Debtors |
4 |
|
118,729 |
|
|
112,086 |
| Cash at bank and in hand |
|
|
10,606 |
|
|
86 |
|
|
|
129,335 |
|
|
112,172 |
|
| Creditors: amounts falling due within one year |
5 |
|
(3,141) |
|
|
(2,836) |
|
| Net current assets |
|
|
|
126,194 |
|
|
109,336 |
|
| Total assets less current liabilities |
|
|
|
806,194 |
|
|
934,336 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(670,877) |
|
|
(787,964) |
|
| Provisions for liabilities |
|
|
|
(39,392) |
|
|
(47,364) |
|
|
| Net assets |
|
|
|
95,925 |
|
|
99,008 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
95,915 |
|
|
98,998 |
|
| Shareholder's funds |
|
|
|
95,925 |
|
|
99,008 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| S C Phillipson |
| Director |
| Approved by the board on 15 September 2025 |
|
| Wampum Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rent receivable from investment properties. |
|
|
Investment properties |
|
Investment properties are included at fair value. Changes in fair value are included in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment properties |
| £ |
|
Valuation |
|
At 1 April 2024 |
825,000 |
|
Surplus on revaluation |
(15,199) |
|
Disposals |
(129,801) |
|
At 31 March 2025 |
680,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
680,000 |
|
At 31 March 2024 |
825,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
505,744 |
|
635,545 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
505,744 |
|
635,545 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
118,729 |
|
112,086 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
31 |
|
- |
|
Taxation and social security costs |
- |
|
397 |
|
Other creditors |
3,110 |
|
2,439 |
|
|
|
|
|
|
3,141 |
|
2,836 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
482,385 |
|
603,066 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
188,492 |
|
184,898 |
|
|
|
|
|
|
670,877 |
|
787,964 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
482,385 |
|
603,066 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured over the investment properties. |
|
|
| 8 |
Related parties |
|
|
As at 31 March 2025 the company was owed £118,729 by its parent, Spartacus Group Limited (2024:£122,086).
During the year the company was financed by a loan from Strategic Financial Planning (SFP) Limited. This company is a wholly owned subsidiary of Spartacus Group Limited. The balance on the loan outstanding as at 31 March 2025 was £188,492 (2024: £184,898).
As at 31 March 2025 the company owed £31 to Strategic Lifestyle Planning (SLP) Limited. This company is wholly owned subsidiary of Spartacus Group Limited (2024: £nil). |
|
|
| 9 |
Controlling party |
|
|
The company is a wholly owned subsidiary of Spartacus Group Limited. |
|
|
| 10 |
Other information |
|
|
Wampum Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Glebe House, |
|
Mill Lane, |
|
Upper Heyford, |
|
Bicester, Oxfordshire, |
|
United Kingdom, OX25 5LH |