Wild Jacks Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12801539

WILD JACKS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

WILD JACKS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	9,863	13,400
Investments	5	257,567	257,567
		----------	----------
		267,430	270,967

Current assets

Debtors	6	202,335	197,730
Cash at bank and in hand		2,001	9,527
		----------	----------
		204,336	207,257

Creditors: amounts falling due within one year	7	59,698	64,008
		----------	----------
Net current assets		144,638	143,249
		----------	----------
Total assets less current liabilities		412,068	414,216

Creditors: amounts falling due after more than one year	8	382,377	382,065
		----------	----------
Net assets		29,691	32,151
		----------	----------

WILD JACKS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	200,100	200,100
Profit and loss account	( 170,409)	( 167,949)
	----------	----------
Shareholders funds	29,691	32,151
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

S Hancock

Director

Company registration number: 12801539

WILD JACKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, LN1 1XW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company has reported a loss for the year. With the continued support of its finance providers, which include the directors, the company and the wider group are able to continue to meet its liabilities as they fall due and on that basis the directors consider the going concern basis appropriate in the preparation of these accounts.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. There are no judgements or estimates that management has made in the process of applying the entity's accounting policies and that have a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	27,645	1,899	9,196	38,740
	---------	-------	-------	---------
Depreciation
At 1 April 2024	15,425	968	8,947	25,340
Charge for the year	3,055	233	249	3,537
	---------	-------	-------	---------
At 31 March 2025	18,480	1,201	9,196	28,877
	---------	-------	-------	---------
Carrying amount
At 31 March 2025	9,165	698	–	9,863
	---------	-------	-------	---------
At 31 March 2024	12,220	931	249	13,400
	---------	-------	-------	---------

5. Investments

	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	257,567
	----------
Impairment
At 1 April 2024 and 31 March 2025	–
	----------

Carrying amount
At 31 March 2025	257,567
	----------
At 31 March 2024	257,567
	----------

The company's subsidiary undertakings are:

Welbournes Bakery Limited - 100% of the ordinary share capital held.

6. Debtors

	2025	2024
	£	£
Trade debtors	–	7,208
Amounts owed by group undertakings and undertakings in which the company has a participating interest	201,410	189,209
Other debtors	925	1,313
	----------	----------
	202,335	197,730
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	22,935	22,935
Trade creditors	2,636	10,472
Social security and other taxes	736	798
Other creditors	33,391	29,803
	---------	---------
	59,698	64,008
	---------	---------

The aggregate amount of debt for which security has been given by the company is £22,935 (2024: £22,935). Security given is in the form of a fixed and floating charge.

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

	2025	2024
	£	£
Bank loans and overdrafts	183,320	213,002
Other creditors	199,057	169,063
	----------	----------
	382,377	382,065
	----------	----------

The aggregate amount of debt for which security has been given by the company is £183,320 (2024: £213,002). Security given is in the form of a fixed and floating charge.

9. Related party transactions

During the period, the company made sales and incurred costs on an arms length basis with companies within the group. Unsecured loans were also made to and from group companies as are disclosed in notes 7 and 8 to the accounts. No other transactions with related parties subsisted during the year, such as are required to be disclosed under FRS102.

10. Controlling party

The ultimate controlling party of the company is S Hancock .