Company Registration No. 07127517 (England and Wales)
Willicombe Limited
Unaudited accounts
for the year ended 31 March 2026
Willicombe Limited
Unaudited accounts
Contents
Willicombe Limited
Company Information
for the year ended 31 March 2026
Company Number
07127517 (England and Wales)
Registered Office
5 Railway Terrace
Midhurst
West Sussex
GU29 9QY
Willicombe Limited
Statement of financial position
as at 31 March 2026
Tangible assets
1,334
2,667
Investment property
400,000
400,000
Cash at bank and in hand
3,751
6,347
Creditors: amounts falling due within one year
(54,121)
(63,327)
Net current liabilities
(49,721)
(56,302)
Total assets less current liabilities
351,613
346,365
Provisions for liabilities
Deferred tax
(56,608)
(56,608)
Net assets
295,005
289,757
Called up share capital
100
100
Revaluation reserve
308,657
308,657
Profit and loss account
(13,752)
(19,000)
Shareholders' funds
295,005
289,757
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 May 2026 and were signed on its behalf by
Nicholas Vine
Director
Company Registration No. 07127517
Willicombe Limited
Notes to the Accounts
for the year ended 31 March 2026
Willicombe Limited is a private company, limited by shares, registered in England and Wales, registration number 07127517. The registered office is 5 Railway Terrace, Midhurst, West Sussex, GU29 9QY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue, described as turnover is the value of services, net of VAT and discounts, provided to customers during the year.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% per annum straight line
Plant & machinery
25% per annum straight line
Motor vehicles
25% per annum straight line
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any differences in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Deferred tax has been provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Willicombe Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
5,417
2,820
5,333
13,570
At 31 March 2026
5,417
2,820
5,333
13,570
At 1 April 2025
5,417
2,820
2,666
10,903
Charge for the year
-
-
1,333
1,333
At 31 March 2026
5,417
2,820
3,999
12,236
At 31 March 2026
-
-
1,334
1,334
At 31 March 2025
-
-
2,667
2,667
Fair value at 1 April 2025
400,000
Commercial Investment properties have been valued in accordance with FRS102 Section 1A. Valuation included in the accounts based on Director's prudent estimates.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
2,422
2,075
Loans from directors
50,213
59,726
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).