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Registration number: 10578983

Wills Tax & Trusts Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Wills Tax & Trusts Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 6

Wills Tax & Trusts Ltd

Company Information

Director | R L C Best

Company secretary | Unavida Wealth Management Ltd

Registered office | 3 Trinity Court Molly Millars Lane Wokingham Berkshire RG41 2PY

Accountants | Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Wills Tax & Trusts Ltd

(Registration number: 10578983)
Balance Sheet as at 31 August 2025

| Note | 31 August 2025 £ | 31 August 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 691 | 356
Current assets |  |  |
Debtors | 5 | 65,595 | 31,827
Cash at bank and in hand |  | 5,049 | 5,338
|  | 70,644 | 37,165
Creditors: Amounts falling due within one year | 6 | (18,896) | (150,670)
Net current assets/(liabilities) |  | 51,748 | (113,505)
Net assets/(liabilities) |  | 52,439 | (113,149)
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 52,239 | (113,349)
Shareholders' funds/(deficit) |  | 52,439 | (113,149)

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 April 2026

R L C Best Director

Wills Tax & Trusts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Trinity Court
Molly Millars Lane
Wokingham
Berkshire
RG41 2PY

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in pounds sterling (GBP), which is the Company’s functional and presentational currency. Amounts are rounded to the nearest £1, unless stated otherwise.

Going concern

The financial statements have been prepared on a going concern basis. The Director has reviewed the Company’s cash flow forecasts and is satisfied that the Company will be able to meet its liabilities as they fall due for at least twelve months from the date of approval of these financial statements.
The Director has confirmed that financial support will be provided to the Company for the foreseeable future, and not less than twelve months from the date of approval of these financial statements, to enable it to continue trading and to meet its obligations as they fall due.

Wills Tax & Trusts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Revenue recognition

Revenue comprises fees charged for providing financial advice and related services. Fees are recognised as the relevant services are provided, to the extent that the amount can be measured reliably and it is probable that the economic benefits will flow to the Company.
Where services are provided over a period of time, revenue is recognised in line with the stage of completion of the engagement. Fixed‑fee or retainer arrangements are recognised on a straight‑line basis over the period to which they relate.
Amounts invoiced in advance of service delivery are recognised as deferred income. Fees not yet invoiced for services already delivered are recognised as accrued income.

Tax

Taxation expense comprises current and deferred tax. Current tax is calculated on the taxable profit for the year using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax is recognised on timing differences between taxable profits and the results reported in the financial statements. Deferred tax assets are recognised only when it is probable that they will be recovered. Deferred tax balances are measured at the tax rates expected to apply when the timing differences reverse.

Tangible assets

Tangible fixed assets are stated at cost less accumulated depreciation and impairment. Depreciation is charged on a straight‑line basis over the estimated useful lives of the assets. Residual values and useful economic lives are reviewed annually. Assets are assessed for indicators of impairment at each reporting date and written down when necessary.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Wills Tax & Trusts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

2 | Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The Company operates a defined contribution pension scheme. Contributions are charged to profit or loss when they fall due. The Company has no legal or constructive obligation to pay further amounts once the fixed contributions have been made.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 2).

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 September 2024 | 1,600 | 1,600
Additions | 754 | 754
At 31 August 2025 | 2,354 | 2,354
Depreciation
At 1 September 2024 | 1,244 | 1,244
Charge for the year | 419 | 419
At 31 August 2025 | 1,663 | 1,663
Carrying amount
At 31 August 2025 | 691 | 691
At 31 August 2024 | 356 | 356

5 | Debtors

Current | 31 August 2025 £ | 31 August 2024 £
Trade debtors | - | 13,800
Other debtors | 65,595 | 18,027
| 65,595 | 31,827

Wills Tax & Trusts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 31 August 2025 £ | 31 August 2024 £
Due within one year |  |
Trade creditors | 1,623 | 20,371
Taxation and social security | 11,024 | 4,377
Other creditors | 6,249 | 125,922
| 18,896 | 150,670