REGISTERED NUMBER: 00676456 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

W.PRINGLE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

R J Jeffrey

SECRETARY:

J Jeffrey

REGISTERED OFFICE:

Cold Harbour Farm

Christon Bank

Alnwick

Northumberland

NE66 3HB

REGISTERED NUMBER:

00676456 (England and Wales)

ACCOUNTANTS:

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W.Pringle Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that W.Pringle 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 W.Pringle Limited. You consider that W.Pringle Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of W.Pringle 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.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge

Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

11 December 2025

FIXED ASSETS

Intangible assets

4

14,625

29,250

Tangible assets

5

145,433

173,476

Investment property

6

365,000

365,000

525,058

567,726

CURRENT ASSETS

Stocks

4,000

4,000

Debtors

7

476,615

428,727

Cash at bank

26,026

6,813

506,641

439,540

CREDITORS

Amounts falling due within one year

8

204,475

149,289

NET CURRENT ASSETS

302,166

290,251

TOTAL ASSETS LESS CURRENT LIABILITIES

827,224

857,977

CREDITORS

Amounts falling due after more than one year

9

(19,167

)

(45,290

)

PROVISIONS FOR LIABILITIES

(70,895

)

(76,145

)

NET ASSETS

737,162

736,542

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

10

227,699

227,699

Retained earnings

508,463

507,843

SHAREHOLDERS' FUNDS

737,162

736,542

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 director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 December 2025 and were signed by:

R J Jeffrey - Director

1.	STATUTORY INFORMATION

W.Pringle 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Improvements

-

Straight line over 15 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 5 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

225,000

AMORTISATION

At 1 April 2024

195,750

Charge for year

14,625

At 31 March 2025

210,375

NET BOOK VALUE

At 31 March 2025

14,625

At 31 March 2024

29,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Improvements

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

301,928

2,559

49,623

153,153

507,263

DEPRECIATION

At 1 April 2024

133,030

1,319

46,696

152,742

333,787

Charge for year

26,421

479

732

411

28,043

At 31 March 2025

159,451

1,798

47,428

153,153

361,830

NET BOOK VALUE

At 31 March 2025

142,477

761

2,195

-

145,433

At 31 March 2024

168,898

1,240

2,927

411

173,476

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

365,000

NET BOOK VALUE

At 31 March 2025

365,000

At 31 March 2024

365,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

365,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

470,769

428,727

Other debtors

5,846

-

476,615

428,727

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts

17,295

17,730

Trade creditors

84,366

61,165

Taxation and social security

78,379

40,787

Other creditors

24,435

29,607

204,475

149,289

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts

12,500

29,795

Other creditors

6,667

15,495

19,167

45,290

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

227,699