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COMPANY REGISTRATION NUMBER: 04869930

W P Commercials Limited

Filleted Unaudited Financial Statements

31 August 2025

W P Commercials Limited

Financial Statements

Year ended 31 August 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

W P Commercials Limited

Statement of Financial Position

31 August 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 16,226 | 26,494
Tangible assets | 6 | 12,911,921 | 14,526,986
Investment property | 7 | 1,601,372 | 1,601,372
| ------------- | -------------
| 14,529,519 | 16,154,852

Current assets

Stocks | – | 14,700
Debtors | 8 | 1,210,819 | 1,549,091
Cash at bank and in hand | 6,768,879 | 3,669,061
| ------------ | ------------
| 7,979,698 | 5,232,852

Creditors: amounts falling due within one year | 9 | 1,154,413 | 2,042,972
| ------------ | ------------
Net current assets | 6,825,285 | 3,189,880
| ------------- | -------------
Total assets less current liabilities | 21,354,804 | 19,344,732

Provisions | 1,661,773 | 1,615,177
| ------------- | -------------
Net assets | 19,693,031 | 17,729,555
| ------------- | -------------

Capital and reserves

Called up share capital | 2,400 | 2,400
Profit and loss account | 19,690,631 | 17,727,155
| ------------- | -------------
Shareholders funds | 19,693,031 | 17,729,555
| ------------- | -------------

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 income and retained earnings has not been delivered.
For the 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.
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 .

W P Commercials Limited

Statement of Financial Position (continued)

31 August 2025
These financial statements were approved by the board of directors and authorised for issue on 5 May 2026 , and are signed on behalf of the board by:

Mr W M Paternoster
Director

Company registration number: 04869930

W P Commercials Limited

Notes to the Financial Statements

Year ended 31 August 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 Fre-Mel Farm Comp Lane, Offham, West Malling, Kent, ME19 5PP, 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.
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.
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. Revenue in relation to assets leased to customers is recognised on a straight-line basis over the term of the lease agreement.
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 25% reducing balance
| Motor licences | - | 25% - 33% reducing balance

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

| Short leasehold property | - | 10% reducing balance
| Plant and machinery | - | 25% reducing balance
| Motor vehicles | - | 25% reducing balance
| Computer equipment | - | 33% straight line

| Hire vehicles and equipment | - | 25% reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 17 (2024: 17 ).
5. Intangible assets

| Goodwill | Motor licences | Total
| £ | £ | £
Cost |  |  |
At 1 September 2024 | 120,000 | 39,974 | 159,974
Additions | – | 37,500 | 37,500
Disposals | – | ( 47,373) | ( 47,373)
| --------- | -------- | ---------
At 31 August 2025 | 120,000 | 30,101 | 150,101
| --------- | -------- | ---------
Amortisation |  |  |
At 1 September 2024 | 120,000 | 13,480 | 133,480
Charge for the year | – | 9,648 | 9,648
Disposals | – | ( 9,253) | ( 9,253)
| --------- | -------- | ---------
At 31 August 2025 | 120,000 | 13,875 | 133,875
| --------- | -------- | ---------
Carrying amount |  |  |
At 31 August 2025 | – | 16,226 | 16,226
| --------- | -------- | ---------
At 31 August 2024 | – | 26,494 | 26,494
| --------- | -------- | ---------

6. Tangible assets

| Short leasehold property | Plant and machinery | Motor vehicles | Computer equipment | Hire vehicles and equipment | Total
| £ | £ | £ | £ | £ | £
Cost |  |  |  |  |  |
At 1 Sep 2024 | 306,321 | 585,048 | 296,166 | 129,706 | 20,329,233 | 21,646,474
Additions | 6,116 | 21,393 | 450,691 | 10,456 | 2,863,478 | 3,352,134
Disposals | ( 102,891) | ( 64,114) | ( 4,140) | ( 56,322) | ( 5,268,311) | ( 5,495,778)
Transfers | – | ( 22,000) | 30,000 | – | ( 8,000) | –
| --------- | --------- | --------- | --------- | ------------- | -------------
At 31 Aug 2025 | 209,546 | 520,327 | 772,717 | 83,840 | 17,916,400 | 19,502,830
| --------- | --------- | --------- | --------- | ------------- | -------------
Depreciation |  |  |  |  |  |
At 1 Sep 2024 | 128,005 | 233,907 | 194,205 | 92,792 | 6,470,579 | 7,119,488
Charge for the year | 17,972 | 88,294 | 42,108 | 14,025 | 2,261,921 | 2,424,320
Disposals | ( 60,121) | ( 52,442) | ( 4,058) | ( 43,330) | ( 2,792,948) | ( 2,952,899)
Transfers | – | ( 21,071) | 21,071 | – | – | –
| --------- | --------- | --------- | --------- | ------------- | -------------
At 31 Aug 2025 | 85,856 | 248,688 | 253,326 | 63,487 | 5,939,552 | 6,590,909
| --------- | --------- | --------- | --------- | ------------- | -------------
Carrying amount |  |  |  |  |  |
At 31 Aug 2025 | 123,690 | 271,639 | 519,391 | 20,353 | 11,976,848 | 12,911,921
| --------- | --------- | --------- | --------- | ------------- | -------------
At 31 Aug 2024 | 178,316 | 351,141 | 101,961 | 36,914 | 13,858,654 | 14,526,986
| --------- | --------- | --------- | --------- | ------------- | -------------

7. Investment property

| Investment property
| £
Cost |
At 1 September 2024 and 31 August 2025 | 1,601,372
| ------------
Impairment |
At 1 September 2024 and 31 August 2025 | –
| ------------

Carrying amount |
At 31 August 2025 | 1,601,372
| ------------
At 31 August 2024 | 1,601,372
| ------------

Investment property is recorded at open market value as required under FRS102. The investment property is held at the value of the purchase price plus attributable finance costs and additional capital improvements. The directors assess the value annually and believe this to be an appropriate value for the property.
8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,091,959 | 1,459,390
Other debtors | 118,860 | 89,701
| ------------ | ------------
| 1,210,819 | 1,549,091
| ------------ | ------------

9. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 77,210 | 722,249
Corporation tax | 165,969 | 323,570
Social security and other taxes | 223,594 | 114,071
Other creditors | 687,640 | 883,082
| ------------ | ------------
| 1,154,413 | 2,042,972
| ------------ | ------------

10. Related party transactions
At the balance sheet date, the company owed the directors £225,153 (2024: £95,655). At the balance sheet date, the company owed family of the directors £185,147 (2024: £49,644). During the year, the company was charged rents of £174,000 (2024: £176,200) for use of premises owned by the directors.