Company No: 00061231 (England and Wales)

Contents

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

DIRECTORS	E A Bailey
	P A Bailey
	C H Barton

SECRETARY

C H Barton

REGISTERED OFFICE	Eq
	4th Floor
	111 Victoria Street
	Bristol
	BS1 6AX
	United Kingdom

COMPANY NUMBER

00061231 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	4th Floor EQ Building
	111 Victoria Street
	Redcliffe
	Bristol
	BS1 6AX

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	3,000		3,000
Investments	5	1,322,487		1,400,220
		1,325,487		1,403,220
Current assets
Debtors	6	0		399
Cash at bank and in hand		34,035		17,218
		34,035		17,617
Creditors: amounts falling due within one year	7	( 14,194)		( 12,161)
Net current assets		19,841		5,456
Total assets less current liabilities		1,345,328		1,408,676
Provision for liabilities	8	( 179,247)		( 191,115)
Net assets		1,166,081		1,217,561
Capital and reserves
Called-up share capital		80,000		80,000
Profit and loss account		1,086,081		1,137,561
Total shareholders' funds		1,166,081		1,217,561

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 W.J. Edwards (Kingswood) Limited (registered number: 00061231) were approved and authorised for issue by the Board of Directors on 19 November 2025. They were signed on its behalf by:

P A Bailey 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.J. Edwards (Kingswood) 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 Eq, 4th Floor, 111 Victoria Street, Bristol, BS1 6AX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of W.J. Edwards (Kingswood) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Investment property

Investment property is carried at fair value determined annually by the directors 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 in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

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.

2. Prior year adjustment

The comparative figures displayed on the Balance Sheet and Statement of Income and Retained Earnings have been restated.

Debtors due within one year as at 31 March 2024 amounting to £362, have been removed from the Balance Sheet, with a corresponding debit going to Profit and Loss.

		As previously reported		Adjustment		As restated
Year ended 31 March 2024		£		£		£
Debtors (PID tax repayable)		362		(362)		0
Tax on profit		14,557		362		14,919

3. Employees

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

4. Tangible assets

	Land and buildings		Total
	£		£
Cost/Valuation
At 01 April 2024	3,000		3,000
At 31 March 2025	3,000		3,000
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	3,000		3,000
At 31 March 2024	3,000		3,000

If these assets had not been revalued they would have been included at the historical cost of £161 (2024 - £161).

The 2025 valuations were made by the directors, on an open market value for existing use basis. The directors perform valuations annually.

5. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	1,400,220		1,400,220
Additions	29,041		29,041
Disposals	( 83,417)		( 83,417)
Movement in fair value	( 23,357)		( 23,357)
At 31 March 2025	1,322,487		1,322,487
Carrying value at 31 March 2025	1,322,487		1,322,487
Carrying value at 31 March 2024	1,400,220		1,400,220

6. Debtors

	2025		2024
	£		£
Corporation tax	0		399

Other debtors restated as at 31 March 2024 - £362 (£nil as restated)

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	2,318		0
Accruals	10,573		12,161
Taxation and social security	1,303		0
	14,194		12,161

8. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 191,115)		( 176,236)
Credited/(charged) to the Statement of Income and Retained Earnings	11,868		( 14,879)
At the end of financial year	( 179,247)		( 191,115)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Capital gains	( 179,247)		( 191,756)
Losses and other deductions	0		641
	( 179,247)		( 191,115)

9. Related party transactions

During the year, total dividends of £44,800 (2024 - £44,800) were paid to shareholders. Within these, dividends of £42,000 (2024 - £42,000) were paid to the directors.

10. Ultimate controlling party

The directors do not consider there to be an ultimate controlling party.