Wallace Financial Consultancy Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11014929 (England and Wales)

Wallace Financial Consultancy Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

AV Wallace

VE Wallace

REGISTERED OFFICE:

First Floor

22 Eaton Avenue

Matrix Office Park, Buckshaw Village

Chorley

Lancashire

PR7 7NA

REGISTERED NUMBER:

11014929 (England and Wales)

ACCOUNTANTS:

McMillan & Co LLP

Chartered Accountants

28 Eaton Avenue

Matrix Office Park

Buckshaw Village

Chorley

Lancashire

PR7 7NA

FIXED ASSETS

Investments

4

10

CURRENT ASSETS

Debtors

5

1,270,680

1,178,166

Investments

6

13,324,925

10,047,506

Cash at bank

275,662

850,834

14,871,267

12,076,506

CREDITORS

Amounts falling due within one year

7

169,633

62,147

NET CURRENT ASSETS

14,701,634

12,014,359

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,701,644

12,014,369

CAPITAL AND RESERVES

Called up share capital

8

10,000

Retained earnings

14,691,644

12,004,369

SHAREHOLDERS' FUNDS

14,701,644

12,014,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

AV Wallace - Director

1.	STATUTORY INFORMATION

Wallace Financial Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The amounts in the financial statements have been rounded to the nearest £1.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

10

NET BOOK VALUE

At 31 March 2025

10

At 31 March 2024

10

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Consumer Credit Solutions Limited

Registered office: 22 Eaton Avenue, Matrix Office Park, Buckshaw Village, Chorley, PR7 7NA

Nature of business: Consumer finance

%

Class of shares:

holding

Ordinary

69.51

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

1,270,680

1,178,166

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

Unlisted investments

13,324,925

10,047,506

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to group undertakings

14,232

Taxation and social security

146,651

34,964

Other creditors

8,750

12,951

169,633

62,147

Included within other creditors is an amount owed to the directors of £6,971 (2024: £6,971). The loan is unsecured and interest free.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2,960

Ordinary A shares

£1

2,960

Ordinary B shares

£1

2,960

740

Ordinary C shares

£1

740

Ordinary D shares

£1

740

2,600

Ordinary E shares

£1

2,600

10,000

9.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount owed of £11,727 (2024: £11,727) to WFC2 Limited, a company in which AV & VE Wallace are directors.

Included within other creditors is an amount owed of £2,505 (2024: £2,505) to Consumer Credit Solutions Limited, a company in which AV & VE Wallace are directors.

Included within other debtors is an amount owed of £684,590 (2024: £677,166) from Dryad Limited, a company in which AV Wallace is a director.

Included within other debtors is an amount owed of £586,090 (2024: £501,000) from Rookery Equine Limited, a company in which AV & VE Wallace are directors.