Company Registration Number 04487555
R. N. WOOLER & CO (HOLDINGS) LIMITED
COMPANY INFORMATION
R. N. WOOLER & CO (HOLDINGS) LIMITED
CONTENTS
R. N. WOOLER & CO (HOLDINGS) LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors have pleasure in presenting their report and the financial statements of the group for the year ended 31 December 2025.
The principal activity of the group for the year under review was that of building, construction and land and property development and the group trades from their registered office at Florence House, Lawkholme Business Park, Lawkholme Lane, Keighley, BD21 3LA.
The group's trading activities are organised as follows:
R N Wooler & Company Limited is engaged in building and construction engineering.
R N Wooler & Co (Holdings) Limited and R N Wooler & Co (Developments) Limited are engaged in building, construction and land and property development.
The directors aim to present a balanced and comprehensive review of the development and performance of the group's business during the year and the group's position at the year end. The review is consistent with the size and nature of the business and is written in the context of the risks and uncertainties faced.
The group's trading activities are organised as follows:
R N Wooler & Company Limited is engaged in building and construction engineering.
R N Wooler & Co (Holdings) Limited and R N Wooler & Co (Developments) Limited are engaged in building, construction and land and property development.
The directors aim to present a balanced and comprehensive review of the development and performance of the group's business during the year and the group's position at the year end. The review is consistent with the size and nature of the business and is written in the context of the risks and uncertainties faced.
The business environment in which the group operates continues to be challenging. The building industry in the UK is highly competitive and the risk of raw material price increases and competitive pressures continue to be the principal risks for the business. The group manages this risk by appropriate quality and service programmes and through negotiated agreements with its major suppliers.
Another key risk to the business is the reduction in value of investments; the group manages this risk by the regular review of its investment portfolio.
With these risks and uncertainties in mind, the directors are aware that any plans for the future development of the business may be subject to unforeseen future events outside of our control.
Financial risk
The group's operations expose it to a variety of financial risks that include the effect of changes in credit, liquidity and interest rate risk. The group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group by monitoring levels of debt finance and the related finance costs. The group does not use derivative financial instruments to manage interest rate costs.
Credit risk
The group has implemented policies that require appropriate credit checks on corporate customers before sales are made.
Liquidity & Cash Flow risk
The directors believe that the group has sufficient funds available to support its activities in the future. The directors continue to maintain a strong working relationship with its bankers with whom the group has a revolving £10m credit facility. The group has a strong asset base available for pledging as security to enable further borrowing should it be required. The group also receives working capital loans from related undertakings and enjoys the support of the directors and shareholders with regard to repayment terms. The group's trading subsidiaries manage cash flow through stage payment invoicing on all contracts to ease the strain on working capital requirements.
Another key risk to the business is the reduction in value of investments; the group manages this risk by the regular review of its investment portfolio.
With these risks and uncertainties in mind, the directors are aware that any plans for the future development of the business may be subject to unforeseen future events outside of our control.
Financial risk
The group's operations expose it to a variety of financial risks that include the effect of changes in credit, liquidity and interest rate risk. The group has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the group by monitoring levels of debt finance and the related finance costs. The group does not use derivative financial instruments to manage interest rate costs.
Credit risk
The group has implemented policies that require appropriate credit checks on corporate customers before sales are made.
Liquidity & Cash Flow risk
The directors believe that the group has sufficient funds available to support its activities in the future. The directors continue to maintain a strong working relationship with its bankers with whom the group has a revolving £10m credit facility. The group has a strong asset base available for pledging as security to enable further borrowing should it be required. The group also receives working capital loans from related undertakings and enjoys the support of the directors and shareholders with regard to repayment terms. The group's trading subsidiaries manage cash flow through stage payment invoicing on all contracts to ease the strain on working capital requirements.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors consider the key financial performance indicators are those that communicate the financial performance and strength of the group as a whole, being turnover, gross margin and profitability before taxation.
The group's turnover has increased by 15% in 2025.
Gross profitability margins are broadly in-line with the prior year at 11.4%. Administrative expenses have increased over the year.
Profit before tax has therefore increased on the previous year. The Directors are satisfied with the results and are expecting similar profitability in 2026.
After taxation and dividends, shareholders' funds have increased from £26,399,331 in 2024 to £29,236,986 in 2025 which continues to demonstrate the strength of the group as a whole and the strong asset base with which the group continues to operate.
The group's turnover has increased by 15% in 2025.
Gross profitability margins are broadly in-line with the prior year at 11.4%. Administrative expenses have increased over the year.
Profit before tax has therefore increased on the previous year. The Directors are satisfied with the results and are expecting similar profitability in 2026.
After taxation and dividends, shareholders' funds have increased from £26,399,331 in 2024 to £29,236,986 in 2025 which continues to demonstrate the strength of the group as a whole and the strong asset base with which the group continues to operate.
The directors believe in building long term, strong and sustainable relationships with our customers and suppliers. This approach has enabled us to win long term contracts of supply with our customers.
The group actively plays a part within the local community as it aims to employ local people and utilise the services of local companies as far as is possible. The directors are committed to employees’ health, wellbeing and training, engaging with specialists for external training and providing in-house sessions for team leaders and managers during working time.
The group actively plays a part within the local community as it aims to employ local people and utilise the services of local companies as far as is possible. The directors are committed to employees’ health, wellbeing and training, engaging with specialists for external training and providing in-house sessions for team leaders and managers during working time.
This report was approved by the board and signed on its behalf.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The directors are responsible for preparing the Group Strategic Report, the Directors' Report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and the Group and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £2,837,655 (2024 - £829,276).
No dividends were paid during the year and the directors have not recommended a final dividend.
The directors who served during the year were:
The directors are not expecting to make any significant changes in the nature of the business in the near future.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
It is group policy that employees should be kept as fully informed as practical concerning the activities of the group. The group provides regular updates to its employees through different media forms, this has become particularly important with the new remote working practices being popular in the United Kingdom.
The group consults employees through an annual appraisal process and through its line managerial structure on a continual basis, where views and opinions are considered and fed back to the senior management team and directors.
The group results are shared with employees to ensure goal congruence and employees are appraised and remunerated on both their own personal performance and the wider performance of the group in both financial and other additional factors.
Employees are aware of the medium and long-term strategy of the wider group and all factors affecting the group in commercial terms are communicated to them on an ongoing basis to ensure a common approach.
The group recognises the high standards required to ensure the health, safety and welfare of its employees at work, its customers and the general public. Group policies in this regard are regularly reviewed with the object of ensuring that these standards are achieved.
The group consults employees through an annual appraisal process and through its line managerial structure on a continual basis, where views and opinions are considered and fed back to the senior management team and directors.
The group results are shared with employees to ensure goal congruence and employees are appraised and remunerated on both their own personal performance and the wider performance of the group in both financial and other additional factors.
Employees are aware of the medium and long-term strategy of the wider group and all factors affecting the group in commercial terms are communicated to them on an ongoing basis to ensure a common approach.
The group recognises the high standards required to ensure the health, safety and welfare of its employees at work, its customers and the general public. Group policies in this regard are regularly reviewed with the object of ensuring that these standards are achieved.
The directors believe in building long term, strong and sustainable relationships with our customers and suppliers. This approach has enabled us to win long term contracts of supply with our customers.
The total Group reporting disclosures to which the company belongs for the year ended 31 December 2025 are as follows:
Consumption (KWh)
Gas: 113,753
Electricity: 108,839
Total Energy Consumption: 222,592
Emissions (kgCO2)
Gas: 20,809
Electricity: 22,538
Total Energy Emissions: 43,346
Intensity Ratio (Total kgCO2 per total £m sales): 888 intensity ratio
Consumption (KWh)
Gas: 113,753
Electricity: 108,839
Total Energy Consumption: 222,592
Emissions (kgCO2)
Gas: 20,809
Electricity: 22,538
Total Energy Emissions: 43,346
Intensity Ratio (Total kgCO2 per total £m sales): 888 intensity ratio
Methodology
The 2019 HM Government Environmental Reporting Guidelines, GHG Reporting Protocol – Corporate Standard have been followed and the 2020 UK Government’s Conversion Factors for Company Reporting have been used.
The 2019 HM Government Environmental Reporting Guidelines, GHG Reporting Protocol – Corporate Standard have been followed and the 2020 UK Government’s Conversion Factors for Company Reporting have been used.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Information is not shown in the directors' report because it is shown in the strategic report under s414C(11). The strategic report includes a business review, principal risks and uncertainties and financial key performance indicators.
There have been no significant events affecting the Group since the year end.
Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF R. N. WOOLER & CO (HOLDINGS) LIMITED
We have audited the financial statements of R. N. Wooler & Co (Holdings) Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2025, which comprise the Consolidated Statement of Comprehensive Income, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF R. N. WOOLER & CO (HOLDINGS) LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Group Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Directors' Report.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF R. N. WOOLER & CO (HOLDINGS) LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Group financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
• we identified the laws and regulations applicable to the company through discussions with directors and other management and review of appropriate industry knowledge;
• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management; and
• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the group’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.
To address the risk of fraud through management bias and override of controls, we:
• performed analytical procedures as a risk assessment tool to identify any unusual or unexpected relationships; • tested journal entries to identify unusual transactions; and tested the operating effectiveness of key controls over purchase cycles on a sample basis.
• reviewed the application of accounting policies with focus on those with heightened estimation uncertainty.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
• agreeing financial statement disclosures to underlying supporting documentation; and
• enquiring of management as to actual and potential litigation and claims.
Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of nondetection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance with laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF R. N. WOOLER & CO (HOLDINGS) LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Chartered Accountants
Statutory Auditors
Skipton
13 May 2026
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R. N. WOOLER & CO (HOLDINGS) LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
REGISTERED NUMBER: 04487555
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 39 form part of these financial statements.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
REGISTERED NUMBER: 04487555
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 18 to 39 form part of these financial statements.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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R. N. WOOLER & CO (HOLDINGS) LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
R N Wooler & Co (Holdings) Limited is the holding company to a trading group. All companies within the group are engaged in building, construction and land and property development operating from their registered office of Florence House, Lawkholme Business Park, Lawkholme Lane, Keighley, BD21 3LA.
R N Wooler & Co (Holdings) Limited is a private company limited by shares incorporated and domiciled in the United Kingdom. The company is a tax resident in the United Kingdom.
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates.
R N Wooler & Co (Holdings) Limited is a private company limited by shares incorporated and domiciled in the United Kingdom. The company is a tax resident in the United Kingdom.
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgement in applying the Group's accounting policies (see note 3).
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements.
The following principal accounting policies have been applied:
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 January 2015.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Statement of Financial Position, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated Statement of Comprehensive Income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being 01 January 2015.
The directors believe that the group has adequate resources to continue in operational existence for the foreseeable future. Reaching their conclusion, the directors have considered cash flows covering a period of 12 months from the date of sign off.
The group is profitable, has significant net assets, and has headroom in its facilities.
After consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.
The group is profitable, has significant net assets, and has headroom in its facilities.
After consideration of all factors, the directors continue to adopt the going concern basis in preparing the financial statements.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
At each reporting date the Group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Group's Statement of Financial Position when the Group becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with 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 trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Group after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The group makes estimates and assumptions concerning the future. The resulting accounting estimates will be, by definition, seldom equal to the related actual results.
The directors consider the key accounting estimates to be the useful life of assets, provision for trade debtors & work-in-progress recoverability, and carrying value of Investment property.
The useful lives of assets are reviewed on a regular basis by the directors.
Provisions for trade debtors are reviewed by the directors on an ongoing basis who use their specific industry knowledge and experience to ensure the correct judgements are applied.
Management estimate the stage of completion of long term contracts by comparing actual costs incurred to forecasts, relying on their past experience and expertise to ensure those estimates are accurate.
Investment properties are formally valued when relevant with ongoing review by the directors for material
changes to the carrying value.
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
13.Taxation (continued)
There were no factors that may affect future tax charges.
The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Comprehensive Income in these financial statements. The loss after tax of the parent Company for the year was £292,474 (2024 - loss £18,457 ).
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Page 31
R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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The 2025 valuations were made by Harrison Boothman, chartered surveyors, on an open market value basis.
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The 2025 valuations were made by Harrison Boothman, chartered surveyors, on an open market value basis.
Page 32
R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
17.Investment property (continued)
Page 33
R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 34
R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 35
R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Page 36
R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
26.Deferred taxation (continued)
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Non-distributable reserves
Page 37
R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The group has entered into an unlimited cross guarantee with its bankers in respect of the bank borrowings of all the companies within the group, secured by way of a charge on investment properties and stock. At the year end, R N Wooler & Co (Holdings) Limited had outstanding bank borrowings of £4,000,000 (2024 - £7,000,000 ).
The Group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group to the fund and amounted to £205,148 (2024 - £359,790 ). Contributions totalling £17,299 (2024 - £13,020 ) were payable to the fund at the reporting date and are included in creditors.
Page 38
R. N. WOOLER & CO (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The group is under the control of R N Wooler .
Page 39