| WB Base Ltd |
| Registered number: |
13778847 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,595,908 |
|
|
1,574,700 |
|
| Current assets |
| Debtors |
4 |
|
1,016 |
|
|
1,570 |
| Cash at bank and in hand |
|
|
1,933 |
|
|
7,437 |
|
|
|
2,949 |
|
|
9,007 |
|
| Creditors: amounts falling due within one year |
5 |
|
(314,849) |
|
|
(344,900) |
|
| Net current liabilities |
|
|
|
(311,900) |
|
|
(335,893) |
|
| Total assets less current liabilities |
|
|
|
1,284,008 |
|
|
1,238,807 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(993,986) |
|
|
(841,506) |
|
| Provisions for liabilities |
|
|
|
(72,022) |
|
|
(97,022) |
|
|
| Net assets |
|
|
|
218,000 |
|
|
300,279 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200 |
|
|
200 |
| Profit and loss account |
|
|
|
217,800 |
|
|
300,079 |
|
| Shareholders' funds |
|
|
|
218,000 |
|
|
300,279 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S Warren |
| Director |
| Approved by the board on 21 April 2026 |
|
| WB Base Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Income from property rental is recognised on an accruals basis, it is included within turnover in the
period to which the rental income relates. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures & fittings |
over 4 years |
|
|
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to be apply when the property is sold. |
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Investment Property |
|
Fixtures and Fittings |
|
Total |
| £ |
£ |
£ |
|
Cost or Valuation |
|
At 1 September 2024 |
1,561,668 |
|
27,929 |
|
1,589,597 |
|
Additions |
106,474 |
|
25,400 |
|
131,874 |
|
Surplus on revaluation |
(100,000) |
|
- |
|
(100,000) |
|
At 31 August 2025 |
1,568,142 |
|
53,329 |
|
1,621,471 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2024 |
- |
|
14,897 |
|
14,897 |
|
Charge for the year |
- |
|
10,666 |
|
10,666 |
|
At 31 August 2025 |
- |
|
25,563 |
|
25,563 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2025 |
1,568,142 |
|
27,766 |
|
1,595,908 |
|
At 31 August 2024 |
1,561,668 |
|
13,032 |
|
1,574,700 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
1,280,056 |
|
1,173,582 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
1,280,056 |
|
1,173,582 |
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
- |
|
1,062 |
|
Other debtors |
1,016 |
|
508 |
|
|
|
|
|
|
1,016 |
|
1,570 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
314,849 |
|
344,900 |
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
993,986 |
|
841,506 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
993,986 |
|
841,506 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
993,986 |
|
841,506 |
|
|
|
|
|
|
|
|
|
|
Within bank borrowings and overdrafts is an amount of £993,986 (2024: £841,506) that has been
secured by a fixed charge over the investment properties of the company. |
|
|
| 8 |
Related party transactions |
|
|
During the year the company maintained a loan account with a related entity, the related entity is connected via common control. At 31 August 2025 there was an amount owed of £670 (2024: £670) from the company. The amounts are interest free and disclosed in other creditors.
During the year the company also maintained loan accounts with the directors of the company. At 31 August 2025 there was an amount owed of £312,424 (2024:£342,475) from the company to the directors.
The amounts are interest free and disclosed in other creditors. |
|
|
| 9 |
Change in reporting period and impact on comparability |
|
|
During the previous financial year, the company changed its reporting period end from 31 December to 31 August. This change was made to better align the financial reporting cycle with the pattern of revenues of the business.
As a result, the current financial statements cover a twelve-month period ending 31 August 2025, whereas the comparative figures relate to the eight-month period ended 31 August 2024.
Users of the financial statements should note that the amounts presented for the current period are not directly comparable with those of the prior period due to the difference in reporting period length. |
|
|
| 10 |
Other information |
|
|
WB Base Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
12 Magdalen Road |
|
Exeter |
|
EX2 4SY |