Company No: 00388840 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	John Stephen Bayley
	Vanessa Bayley

REGISTERED OFFICE	Treviot House
	186-192 High Road
	Ilford
	IG1 1LR
	United Kingdom

COMPANY NUMBER

00388840 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	405,065		291,933
Investment property	4	1,040,000		1,480,000
Investments		72		69
		1,445,137		1,772,002
Current assets
Stocks		85,000		80,000
Debtors	5	46,685		53,061
Cash at bank and in hand		26,552		8,819
		158,237		141,880
Creditors: amounts falling due within one year	6	( 270,614)		( 365,253)
Net current liabilities		(112,377)		(223,373)
Total assets less current liabilities		1,332,760		1,548,629
Creditors: amounts falling due after more than one year	7	0		( 29,231)
Net assets		1,332,760		1,519,398
Capital and reserves
Called-up share capital		19		19
Revaluation reserve		181,353		181,353
Fair value reserve		586,103		1,000,091
Capital redemption reserve		17		17
Other reserves		64		64
Profit and loss account		565,204		337,854
Total shareholders' funds		1,332,760		1,519,398

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 Profit and Loss Account has not been delivered.

The financial statements of W.P.Wakefield Limited (registered number: 00388840) were approved and authorised for issue by the Board of Directors on 08 December 2025. They were signed on its behalf by:

John Stephen Bayley Director

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

W.P.Wakefield 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 Treviot House, 186-192 High Road, Ilford, IG1 1LR, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents daily takings, excluding value added tax.

Employee benefits

Defined contribution schemes
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Leasehold improvements	50 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

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.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Land and buildings

Freehold property owned by the company is not depreciated as its expected economic useful life is considered to be in excess of 50 years.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	256,352		69,232		0		34,195		359,779
Additions	0		0		133,037		1,610		134,647
At 31 March 2025	256,352		69,232		133,037		35,805		494,426
Accumulated depreciation
At 01 April 2024	0		33,892		0		33,954		67,846
Charge for the financial year	0		1,385		19,767		363		21,515
At 31 March 2025	0		35,277		19,767		34,317		89,361
Net book value
At 31 March 2025	256,352		33,955		113,270		1,488		405,065
At 31 March 2024	256,352		35,340		0		241		291,933

Freehold property were valued on at market value basis on 31st March 2025 by the directors. If freehold property had not been revalued it would have been included at the historical cost of £105,734.

Investment properties

Investment properties were revalued to fair value at 31 March 2025, based on a valuation undertaken by the directors based on their knowledge of the comparable local properties.

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,480,000
Disposals	(440,000)
As at 31 March 2025	1,040,000

If investment property had not been revalued it would have been included at the historical cost of £154,714.

5. Debtors

	2025		2024
	£		£
Other debtors	46,685		53,061

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		10,118
Trade creditors	7,671		25,267
Taxation and social security	28,023		20,542
Other creditors	234,920		309,326
	270,614		365,253

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

	2025		2024
	£		£
Bank loans	0		29,231

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts Advanced	49,101		50,408
Amounts Repaid	(59,040)		(56,709)

At the year end the balance owing to the company was £39,644 ( 2024- £49,584 ). Interest is charged on loans at the official rate set by HMRC. The loan to the directors are repayable on demand.