Company registration number 07399720 (England and Wales)
WOLSEY ACQUISITIONS UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
WOLSEY ACQUISITIONS UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
WOLSEY ACQUISITIONS UK LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
29 February 2024
Notes
£'000
£'000
£'000
£'000
Current assets
Debtors
4
1,000
1,000
Creditors: amounts falling due within one year
5
(4,117)
(3,633)
Net current liabilities
(3,117)
(2,633)
Creditors: amounts falling due after more than one year
6
(33,059)
(33,059)
Net liabilities
(36,176)
(35,692)
Capital and reserves
Called up share capital
7
-
0
-
0
Profit and loss reserves
(36,176)
(35,692)
Total equity
(36,176)
(35,692)

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 4 November 2025 and are signed on its behalf by:
D A Dooley
Director
Company registration number 07399720 (England and Wales)
WOLSEY ACQUISITIONS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

Wolsey Acquisitions UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 7a, No 1 The Courtyard Earl Road, Cheadle Hulme, Cheadle, Cheshire, SK8 6GN.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £'000.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

WOLSEY ACQUISITIONS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, loans from fellow group companies and controlling parties, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2

The only employees employed during the year were the directors who received no remuneration.

3
Subsidiaries

The company conducts impairment reviews to assess the recoverability of all fixed asset investments. In 2014, following an impairment review, the investment in its subsidiary was impaired to £nil.

Name of undertaking
Address
Class of
% Held
shares held
Direct
Wolsey Limited
1
Ordinary
100.00

Registered office addresses (all UK unless otherwise indicated):

1
Suite 7a,1 The Courtyard Earl Road,Cheadle, SK86GN
WOLSEY ACQUISITIONS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due after more than one year:
£'000
£'000
Amounts owed by group undertakings
1,000
1,000
5
Creditors: amounts falling due within one year
2025
2024
£'000
£'000
Amounts owed to group undertakings
799
798
Accruals and deferred income
3,318
2,835
4,117
3,633
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£'000
£'000
Other borrowings
8
22,109
22,109
Other creditors
8
10,950
10,950
33,059
33,059
7
Called up share capital
2025
2024
£
£
Issued and fully paid
100 ordinary shares of £1 each
100
100
100
100
WOLSEY ACQUISITIONS UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
8
Related party transactions

The company has taken advantage of available exemptions in Section 33.1 A of FRS 102 to not disclose transactions with wholly owned subsidiaries within the group.

At the balance sheet date an amount of £16,109,000 (2024: £16,109,000) was due to the ultimate controlling party, John Hargreaves. This balance is interest free, repayable on demand with 12 months notice and included within other borrowings falling due after more than one year (2024: within other borrowings falling due after more than one year).

A further balance of £6,000,000 (2024: £6,000,000) was also due to John Hargreaves at the balance sheet date. This balance accrues interest at 3% over base rate per annum, with no fixed repayment date and is included within other borrowings falling due after more than one year (2024: within other borrowings falling due after more than one year).

At the balance sheet date an amount of £9,950,000 (2024: £9,950,000) was due to Hargreaves Trustee Limited, in its capacity as trustee of Class Funds B and C of "The Hargreaves Family Unit Trust". This balance is interest free, repayable with 12 months notice and included within other creditors falling due after more than one year (2024: within other creditors falling due after more than one year).

At the balance sheet date an amount of £1,000,000 (2024: £1,000,000) remains due to Jamey Hargreaves, a director of the company. This balance is interest free, repayable on demand with 12 months’ notice and included within other creditors falling due after more than one year (2024: within other creditors falling due after more than one year).

2025-02-28 2024-03-01 false false false 04 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity D A Dooley J Hargreaves 07399720 2024-03-01 2025-02-28 07399720 2025-02-28 07399720 2024-02-29 07399720 core:ShareCapital 2025-02-28 07399720 core:ShareCapital 2024-02-29 07399720 core:RetainedEarningsAccumulatedLosses 2025-02-28 07399720 core:RetainedEarningsAccumulatedLosses 2024-02-29 07399720 core:ShareCapitalPreferenceShares 2025-02-28 07399720 core:ShareCapitalPreferenceShares 2024-02-29 07399720 bus:Director1 2024-03-01 2025-02-28 07399720 2023-03-01 2024-02-29 07399720 core:Subsidiary1 2024-03-01 2025-02-28 07399720 core:Subsidiary1 1 2024-03-01 2025-02-28 07399720 core:Non-currentFinancialInstruments 2025-02-28 07399720 core:Non-currentFinancialInstruments 2024-02-29 07399720 core:CurrentFinancialInstruments 2025-02-28 07399720 core:CurrentFinancialInstruments 2024-02-29 07399720 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07399720 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07399720 bus:FRS102 2024-03-01 2025-02-28 07399720 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 07399720 bus:Director2 2024-03-01 2025-02-28 07399720 bus:FullAccounts 2024-03-01 2025-02-28 xbrli:pure xbrli:shares iso4217:GBP