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REGISTERED NUMBER: 11816836 (England and Wales)

Unaudited Financial Statements

For The Year Ended 28 February 2025

for

WK & IKS LIMITED

| WK & IKS LIMITED (REGISTERED NUMBER: 11816836) |

Contents of the Financial Statements

For The Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| WK & IKS LIMITED |

Company Information

For The Year Ended 28 February 2025

| DIRECTORS: | W J Killick

| Mrs I L Killick-Steele

| REGISTERED OFFICE: | 3 Park Square East

| Leeds

| West Yorkshire

| LS1 2NE

| REGISTERED NUMBER: | 11816836 (England and Wales)

| ACCOUNTANTS: | Fortus Limited

| 3 Park Square East

| Leeds

| LS1 2NE

| WK & IKS LIMITED (REGISTERED NUMBER: 11816836) |

Balance Sheet

28 February 2025

| 2025 | 2024 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 722,468 |  | 844,453 |  |

CREDITORS

Amounts falling due within one year | 5 | 6,161 |  | 5,270 |  |

NET CURRENT LIABILITIES | (6,161 | ) | (5,270 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 716,307 |  | 839,183 |  |

CREDITORS

Amounts falling due after more than one year | 6 | 786,924 |  | 847,415 |  |

NET LIABILITIES | (70,617 | ) | (8,232 | ) |

CAPITAL AND RESERVES

Called up share capital | 7 | 200 |  | 200 |  |

Other reserves | 8,926 |  | (795 | ) |

Fair value reserve | (72,097 | ) | (480 | ) |

Retained earnings | (7,646 | ) | (7,157 | ) |

SHAREHOLDERS' FUNDS | (70,617 | ) | (8,232 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 18 February 2026 and were signed on its behalf by:

W J Killick - Director

| WK & IKS LIMITED (REGISTERED NUMBER: 11816836) |

Notes to the Financial Statements

For The Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| WK & IKS 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 (£).

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.

| WK & IKS LIMITED (REGISTERED NUMBER: 11816836) |

Notes to the Financial Statements - continued

For The Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provision of Section 11 `Basic Financial Instruments' and Section 12 `Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Other financial assets

| Other financial assets, including investments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

| Impairment of financial assets

| Financial assets, other that those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

| Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

| If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed whet the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

| Derecognition of financial assets

| Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Classification of financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is ant contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Basic financial liabilities

| WK & IKS LIMITED (REGISTERED NUMBER: 11816836) |

Notes to the Financial Statements - continued

For The Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference share that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Other financial liabilities

| Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

| Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

| Derecognition of financial liabilities

| Financial liabilities are derecognised when the company's obligations expire or are discharged or cancelled.

| 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.

| The company has estimated losses of £7,570 (2024: £7,081) available to carry forward against future trading profits.

| Fixed asset investments

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

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

| WK & IKS LIMITED (REGISTERED NUMBER: 11816836) |

Notes to the Financial Statements - continued

For The Year Ended 28 February 2025

4. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 March 2024 | 844,453 |  |

| Additions | 16,465 |  |

| Disposals | (76,957 | ) |

| Share of profit/(loss) | 403 |  |

| Revaluations | (71,617 | ) |

| Exchange differences | 9,721 |  |

| At 28 February 2025 | 722,468 |  |

| NET BOOK VALUE

| At 28 February 2025 | 722,468 |  |

| At 29 February 2024 | 844,453 |  |

| Cost or valuation at 28 February 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2025 | 722,468 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as | restated |

£ | £ |

| Directors' current accounts | 5,235 |  | 4,370 |  |

| Accruals and deferred income | 926 |  | 900 |  |

6,161 |  | 5,270 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

| as | restated |

£ | £ |

| Unsecured loan notes | 786,924 |  | 847,415 |  |

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: |  | as restated |

£ | £ |

| 200 | Ordinary | £1 | 200 |  | 200 |  |

| WK & IKS LIMITED (REGISTERED NUMBER: 11816836) |

Notes to the Financial Statements - continued

For The Year Ended 28 February 2025

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 | 2024 |

| as | restated |

£ | £ |

| W J Killick and Mrs I L Killick-Steele

| Balance outstanding at start of year | (4,371 | ) | (3,375 | ) |

| Amounts advanced | 131 |  | - |  |

| Amounts repaid | (995 | ) | (996 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (5,235 | ) | (4,371 | ) |

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is W J Killick.