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WCI NW LIMITED

Registered Number
15543901
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2025

WCI NW LIMITED
Company Information
for the period from 6 March 2024 to 31 March 2025

Directors | Q G D Bull
| MBC BM Limited

Registered Address | 3 Coldbath Square
| London
| EC1R 5HL

Registered Number | 15543901 (England and Wales)

WCI NW LIMITED
Balance Sheet as at
31 March 2025

| Notes | 2025
--- | --- | ---
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 |  |  | 2,600,000
|  |  |  | 2,600,000
Current assets |  |  |  |
Debtors | 4 | 93,994 |  |
Cash at bank and on hand |  | 50,359 |  |
|  | 144,353 |  |
Creditors amounts falling due within one year | 5 | (767,873) |  |
Net current assets (liabilities) |  |  |  | (623,520)
Total assets less current liabilities |  |  |  | 1,976,480
Creditors amounts falling due after one year | 6 |  |  | (1,560,000)
Provisions for liabilities | 7 |  |  | (114,582)
Net assets |  |  |  | 301,898
Capital and reserves |  |  |  |
Called up share capital |  |  |  | 1
Revaluation reserve |  |  |  | 343,745
Profit and loss account |  |  |  | (41,848)
Shareholders' funds |  |  |  | 301,898

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 5 December 2025, and are signed on its behalf by:
Q G D Bull Director Registered Company No. 15543901

WCI NW LIMITED
Notes to the Financial Statements
for the period ended 31 March 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£).

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.

| Going concern
--- | ---
| After making enquiries, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements

| Revenue from rendering of services
--- | ---
| Revenue comprises rental income and other recoveries from tenants of the company’s investment properties net of value added tax. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease.

| Deferred tax
--- | ---
| Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: • The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and • Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: • The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and • Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Investment property
--- | ---
| Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

| Financial instruments
--- | ---
| Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, 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 for a similar debt instrument. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, 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 payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently carried at amortised cost, using the effective interest method. Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account. Financial assets are derecognised when (i) the contractual rights to the cashflows from the asset expire or are settled, or (ii) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (iii) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Share capital
--- | ---
| Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2. | Average number of employees
--- | ---
| The average number of employees include directors.

|  | 2025
| Average number of employees during the year | 2

3. | Investment property
--- | ---

|  | £
| Additions | 2,141,674
| Fair value adjustments | 458,326
| At 31 March 25 | 2,600,000

4. | Debtors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade debtors / trade receivables | 69,123
| Other debtors | 7,883
| Prepayments and accrued income | 16,988
| Total | 93,994

5. | Creditors: amounts due within one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Trade creditors / trade payables | 144,103
| Amounts owed to related parties | 561,872
| Other creditors | 6,412
| Accrued liabilities and deferred income | 55,486
| Total | 767,873

6. | Creditors: amounts due after one year
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Bank borrowings and overdrafts | 1,560,000
| Total | 1,560,000

7. | Provisions for liabilities
--- | ---

|  | 2025
--- | --- | ---
|  | £
| Net deferred tax liability (asset) | 114,582
| Total | 114,582

8. | Share capital
--- | ---
| 1 Ordinary shares of £1.00 each

9. | Related party transactions
--- | ---
| The Company has taken advantage of the exemption provided under FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

10. | Controlling party
--- | ---
| The ultimate controlling parties of the Company are Mr Q G D Bull, Mrs U M H M Home and Mrs P C Bull.

11. | Parent-subsidiary relationships
--- | ---
| The immediate parent of the Company is MBC BM Limited. Its registered office is 3 Coldbath Square, London, ECR 5HL.