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Company No: 12089401 (England and Wales)

# WJS GROUP LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

WJS GROUP LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

WJS GROUP LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
WJS GROUP LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

Directors | Spencer Elliott
| Natasha Elliott-Moore

Secretary | Natasha Elliott-Moore

Registered office | Unit Y Continental Approach
| Industrial Estate
| Margate
| Kent
| CT9 4JG
| United Kingdom

Company number | 12089401 (England and Wales)

Accountant | Kreston Reeves LLP
| 37 St Margarets Street
| Canterbury
| Kent
| CT1 2TU

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WJS GROUP LIMITED

For the financial year ended 31 March 2025

## ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WJS GROUP LIMITED (continued)

For the financial year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of WJS Group Limited for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 13 from the Company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.
It is your duty to ensure that WJS Group 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 WJS Group Limited. You consider that WJS Group Limited is exempt from the statutory audit requirement for the financial year.
We have not been instructed to carry out an audit or a review of the financial statements of WJS Group 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.

This report is made solely to the Board of Directors of WJS Group Limited, as a body, in accordance with the terms of our engagement letter dated 20 October 2025. Our work has been undertaken solely to prepare for your approval the financial statements of WJS Group Limited and state those matters that we have agreed to state to the Board of Directors of WJS Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WJS Group Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP

37 St Margarets Street
Canterbury
Kent
CT1 2TU

10 December 2025

WJS GROUP LIMITED

## BALANCE SHEET

As at 31 March 2025
WJS GROUP LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 680,000 |  | 438,660
|  | 680,000 |  | 438,660
Current assets |  |  |  |
Debtors | 4 | 46,276 |  | 41,451
Cash at bank and in hand | 5 | 10,646 |  | 18,813
|  | 56,922 |  | 60,264
Creditors: amounts falling due within one year | 6 | ( 224,029) |  | ( 219,712)
Net current liabilities |  | (167,107) |  | (159,448)
Total assets less current liabilities |  | 512,893 |  | 279,212
Creditors: amounts falling due after more than one year | 7, 11 | ( 268,915) |  | ( 277,006)
Provision for liabilities | 8 | ( 60,335) |  | 0
Net assets |  | 183,643 |  | 2,206
Capital and reserves |  |  |  |
Called-up share capital | 9 | 200 |  | 200
Profit and loss account | 12 | 183,443 |  | 2,006
Total shareholders' funds |  | 183,643 |  | 2,206

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of WJS Group Limited (registered number: 12089401) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

Spencer Elliott Director |

WJS GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
WJS GROUP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

WJS Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit Y Continental Approach, Industrial Estate, Margate, Kent, CT9 4JG, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. 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. Amounts 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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 438,660
Fair value movement | 241,340
As at 31 March 2025 | 680,000

The 2025 valuation was determined by the directors using an analysis of market data and comparable property transactions. No external professional valuer was engaged. The directors consider this approach to provide a reliable estimate of fair value in accordance with FRS102 Section1A.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by own subsidiaries | 40,724 |  | 35,565
Prepayments | 5,552 |  | 5,886
| 46,276 |  | 41,451

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 10,646 |  | 18,813

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 15,750 |  | 15,750
Amounts owed to directors | 206,716 |  | 203,392
Accruals | 570 |  | 570
Taxation and social security | 993 |  | 0
| 224,029 |  | 219,712

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 268,915 |  | 277,006

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 60,335 |  | 0

| Deferred taxation |  | Total
| £ |  | £
At 01 April 2024 | 0 |  | 0
Charged to the Statement of Income and Retained Earnings | 60,335 |  | 60,335
At 31 March 2025 | 60,335 |  | 60,335

Deferred tax

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | 60,335 |  | 0
Provision for deferred tax | 60,335 |  | 0

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
200 Ordinary shares of £ 1.00 each | 200 |  | 200

#### 10. Related party transactions

All transactions with related parties that arose in the current and prior years were done so under normal market conditions.

#### 11. Loans

| 2025 |  | 2024
| £ |  | £
Amounts falling due within one year | 15,750 |  | 15,750
Amounts falling due 1-2 years | 15,750 |  | 15,750
Amounts falling due 2-5 year | 47,250 |  | 47,250
Amounts falling due after more than 5 years | 205,915 |  | 214,006
| 284,665 |  | 292,756

#### 12. Reserves

The profit and loss account reserves include non-distributable reserves totalling £181,005, which represents the fair value movement of investment properties, less associated deferred tax liability on this movement.

#### 13. Ultimate controlling party

The ultimate controlling party is S B Elliott, by virtue of his 51% shareholding.