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Registered number: 05216781










WOLVISTON GROUP LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

 
WOLVISTON GROUP LIMITED
 
 
COMPANY INFORMATION


DIRECTOR
 S Anderson 




REGISTERED NUMBER
05216781



REGISTERED OFFICE
Wolviston House
5 Falcon Court

Preston Farm

Stockton on Tees

TS18 3TS




INDEPENDENT AUDITORS
Waltons Business Advisers Limited
Chartered Accountants and Statutory Auditors

Maritime House

Harbour Walk

The Marina

Hartlepool

Teesside

TS24 0UX





 
WOLVISTON GROUP LIMITED
 

CONTENTS



Page
Group strategic report
1 - 3
Director's report
4 - 5
Independent auditors' report
6 - 9
Consolidated statement of comprehensive income
10
Consolidated balance sheet
11 - 12
Company balance sheet
13
Consolidated statement of changes in equity
14
Company statement of changes in equity
15
Consolidated statement of cash flows
16 - 17
Consolidated analysis of net debt
18
Notes to the financial statements
19 - 36


 
WOLVISTON GROUP LIMITED
 
 
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 AUGUST 2025

BUSINESS REVIEW
 
During the year ended 31 August 2025, Wolviston Group Limited continued to focus on disciplined management, operational efficiency and the long-term development of the Group’s service offering across recruitment, engineering design and project management consultancy services.

The year was characterised by more challenging market conditions, with turnover reducing from £22.2 million to £19.4 million. Against that backdrop, the Group would have remained profitable and cash generative, reporting profit before taxation of £312k, however a significant bad debt of £321k has resulted in a £9k loss before tax. Despite this the Group has ended the year with net assets of £6.6 million. Cash at bank increased to £3.1 million at the year end, supporting the Group’s continuing financial stability.

Gross profit for the year was £1.76 million, with gross profit margin of 9.1%. Whilst this was lower than the prior year, the Board considers the result to be resilient in the context of reduced activity levels in certain parts of the market and ongoing economic uncertainty.

The Group continued to review the performance and positioning of each of its operating businesses during the year to ensure resources remained aligned to client demand and future opportunity. This included maintaining focus on service quality, client retention, cost control and selective investment in areas that support long-term growth and diversification.

The Board remains confident in the underlying strength of the Group. The business benefits from a strong balance sheet, established client relationships, experienced leadership and a diversified service offering, which together provide a solid platform for future development.

Page 1

 
WOLVISTON GROUP LIMITED
 

GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025

PRINCIPAL RISKS AND UNCERTAINTIES
 
The Board recognises that effective risk management is central to protecting the Group’s financial position, reputation and long-term prospects. The Senior Leadership Team meets regularly to identify, assess and manage the principal risks facing the business. These risks are monitored throughout the year and mitigating actions are reviewed on an ongoing basis.

Market and economic conditions: Demand for the Group’s services is influenced by broader economic conditions, client confidence, project activity and investment levels within the sectors in which it operates. A slowdown in these markets may affect turnover and profitability.

Client concentration and retention: The Group’s performance depends on maintaining strong relationships with key clients and continuing to secure repeat business. The loss of a significant client, or a reduction in client activity, could adversely affect results.

Credit and debtor risk: As a people and services business, the Group is exposed to the risk of late payment or non-payment by clients. This is managed through credit checks, regular debtor review, active credit control and close oversight of customer exposure.

Regulatory and compliance risk: The Group operates in regulated markets and must comply with a range of legal, financial, employment and tax obligations. Failure to maintain compliance could expose the Group to financial, legal and reputational risk.

People risk: The Group’s success depends on attracting, retaining and developing experienced employees and leadership across its operating businesses. Recruitment challenges, loss of key personnel or insufficient succession planning could affect performance.

Operational and systems risk: The Group relies on internal processes, reporting controls and IT systems to deliver services effectively. Any significant failure in systems, data security or operational controls could disrupt trading and impact service delivery. 

Competition and reputation: The Group operates in competitive markets where service quality, responsiveness and trusted relationships are critical. Maintaining the Group’s reputation and differentiating its offer remain important to sustaining performance.

To mitigate these risks, the Group maintains regular operational and financial reviews, defined management responsibilities, internal control procedures, compliance oversight and external professional support where appropriate.

FINANCIAL RISK

The Group continues to place significant emphasis on cash management, working capital control and balance sheet strength. Working capital requirements are monitored closely, with cash flow forecasting and financial planning forming part of the Group’s regular management process.

The Board considers investment and future growth plans carefully, having regard to available cash resources, existing facilities and the need to maintain a prudent liquidity position. The Group’s funding arrangements and financial commitments are reviewed regularly to support the going concern basis of preparation.

Credit risk is managed through established internal controls over customer acceptance, credit assessment, invoicing and debt collection. The Group continues to maintain disciplined oversight of aged debt and customer exposure, which has supported strong cash collection performance during the year.

The Group’s longstanding client relationships, together with prudent financial management, continue to underpin its resilience and provide confidence in its ability to meet its obligations as they fall due.

Page 2

 
WOLVISTON GROUP LIMITED
 

GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025

FINANCIAL KEY PERFORMANCE INDICATORS
 
Key performance indicators
2025
2024
2023
2022
2021

£'000
£'000
£'000
£'000
£'000
Sales
19,362
22,156
23,238
26,783
26,950
Gross profit %
9.1%
10.2%
10.2%
10.2%
9.4%
Gross profit % including grant income




9.5%
Net profit / (loss) before tax
(9)
521
659
1,050
1,126



This report was approved by the board on 26 May 2026 and signed on its behalf.



S Anderson
Director

Page 3

 
WOLVISTON GROUP LIMITED
 
 
 
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2025

The director presents her report and the financial statements for the year ended 31 August 2025.

DIRECTOR'S RESPONSIBILITIES STATEMENT

The director is responsible for preparing the Group strategic report, the Director's report and the consolidated financial statements in accordance with applicable law and regulations.
 
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the Company and the Group and of the profit or loss of the Group for that period.

 In preparing these financial statements, the director is required to:


select suitable accounting policies for the Group's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The director is 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 her to ensure that the financial statements comply with the Companies Act 2006She is 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.

PRINCIPAL ACTIVITY

The Company is the holding company for the Group and is involved, with its subsidiaries, in technical and commercial personnel recruitment and engineering design services and project management as a service and consultancy services.

RESULTS AND DIVIDENDS

The loss for the year, after taxation, amounted to £15,481 (2024 - profit £391,582).

A dividend of £230,000 was paid during the year.

DIRECTOR

The director who served during the year was:

S Anderson 

FUTURE DEVELOPMENTS

Looking ahead, the Group remains committed to innovation and expansion, with a clear focus on penetrating new markets. A 5 year growth plan has been implemented which includes organic growth and growth by acquisition.  The leadership changes implemented this year mark the beginning of an exciting new phase for Wolviston Group, ensuring we remain a trusted partner for our clients while driving long-term growth.

Page 4

 
WOLVISTON GROUP LIMITED
 
 
 
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025

MATTERS COVERED IN THE STRATEGIC REPORT

The following matters are included in the strategic report: the business review, the principal risks and uncertainties and financial performance indicators.

DISCLOSURE OF INFORMATION TO AUDITORS

The director at the time when this Director's report is approved has confirmed that:
 
so far as she is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

she has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

AUDITORS

The auditorsWaltons Business Advisers Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 26 May 2026 and signed on its behalf.
 





S Anderson
Director

Page 5

 
WOLVISTON GROUP LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WOLVISTON GROUP LIMITED
 

UNQUALIFIED OPINION


We have audited the financial statements of Wolviston Group Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 August 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated analysis of net debt, the Consolidated balance sheet, the Company balance sheet, 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 policiesThe 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).


In our opinion the financial statements:


give a true and fair view of the state of the Group's and of the Parent Company's affairs as at 31 August 2025 and of the Group's loss for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


BASIS FOR OPINION


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.


CONCLUSIONS RELATING TO GOING CONCERN


In auditing the financial statements, we have concluded that the director's 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 director with respect to going concern are described in the relevant sections of this report.


Page 6

 
WOLVISTON GROUP LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WOLVISTON GROUP LIMITED (CONTINUED)


OTHER INFORMATION


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is responsible for the other information contained within the Annual ReportOur 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.


OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Group strategic report and the Director's 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 Director's report have been prepared in accordance with applicable legal requirements.


MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
 

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 Director's report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or
the Parent Company financial statements are not in agreement with the accounting records and returns; or
certain disclosures of director's remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Page 7

 
WOLVISTON GROUP LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WOLVISTON GROUP LIMITED (CONTINUED)


RESPONSIBILITIES OF DIRECTOR
 

As explained more fully in the Director's responsibilities statement set out on page 4, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the director is responsible for assessing the Group's and the Parent Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Group or the Parent Company or to cease operations, or has no realistic alternative but to do so.


AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
 

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:

We gained an understanding of the legal and regulatory framework applicable to the group and the area in which it operates, and considered the risk of acts by the group that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material mistatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgeryor intentional misrepresentations, or through collusion.

We identified the greatest potential for fraud in the following areas: recognition and completeness of income and posting of unusual journals. We discussed these risks with management and designed audit procedures to test the recognition and completeness of revenue. We reviewed journals posted around the year end to look for possible "window dressing".


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.


Page 8

 
WOLVISTON GROUP LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF WOLVISTON GROUP LIMITED (CONTINUED)


USE OF OUR REPORT
 

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 2006Our 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.





Heather O'Driscoll FCA (Senior Statutory Auditor)
  
for and on behalf of
Waltons Business Advisers Limited
 
Chartered Accountants and Statutory Auditors
  
Maritime House
Harbour Walk
The Marina
Hartlepool
Teesside
TS24 0UX

26 May 2026
Page 9

 
WOLVISTON GROUP LIMITED
 
 
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 AUGUST 2025

2025
2024
Note
£
£

  

Turnover
 3 
19,361,630
22,156,351

Cost of sales
  
(17,604,149)
(19,895,228)

GROSS PROFIT
  
1,757,481
2,261,123

Administrative expenses
  
(1,504,801)
(1,922,799)

Exceptional administrative expenses
  
(321,102)
-

Other operating income
 4 
-
90,000

OPERATING PROFIT
 5 
(68,422)
428,324

Interest receivable and similar income
 9 
60,236
92,909

Interest payable and similar expenses
 10 
(424)
(678)

PROFIT BEFORE TAXATION
  
(8,610)
520,555

Tax on (loss)/profit
 11 
(6,871)
(128,973)

PROFIT FOR THE FINANCIAL YEAR
  
(15,481)
391,582

PROFIT FOR THE YEAR ATTRIBUTABLE TO:
  

Owners of the Parent Company
  
(15,481)
391,582

  
(15,481)
391,582

There were no recognised gains and losses for 2025 or 2024 other than those included in the consolidated statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 19 to 36 form part of these financial statements.

Page 10

 
WOLVISTON GROUP LIMITED
REGISTERED NUMBER: 05216781

CONSOLIDATED BALANCE SHEET
AS AT 31 AUGUST 2025

2025
2024
Note
£
£

FIXED ASSETS
  

Intangible assets
 14 
17,556
24,057

Tangible assets
 15 
148,181
297,217

  
165,737
321,274

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 17 
6,353,242
7,776,363

Cash at bank and in hand
 18 
3,116,251
2,040,045

  
9,469,493
9,816,408

Creditors: amounts falling due within one year
 19 
(3,048,292)
(3,301,187)

NET CURRENT ASSETS
  
 
 
6,421,201
 
 
6,515,221

TOTAL ASSETS LESS CURRENT LIABILITIES
  
6,586,938
6,836,495

Creditors: amounts falling due after more than one year
 20 
-
(10,947)

PROVISIONS FOR LIABILITIES
  

Deferred taxation
 23 
(15,057)
(8,186)

  
 
 
(15,057)
 
 
(8,186)

NET ASSETS
  
6,571,881
6,817,362


CAPITAL AND RESERVES
  

Called up share capital 
 24 
30
30

Capital redemption reserve
 25 
70
70

Profit and loss account
 25 
6,571,781
6,817,262

  
6,571,881
6,817,362


Page 11

 
WOLVISTON GROUP LIMITED
REGISTERED NUMBER: 05216781
    
CONSOLIDATED BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2026.




S Anderson
Director

Page 12

 
WOLVISTON GROUP LIMITED
REGISTERED NUMBER: 05216781

COMPANY BALANCE SHEET
AS AT 31 AUGUST 2025

2025
2024
Note
£
£

FIXED ASSETS
  

Tangible assets
 15 
82,805
-

Investments
 16 
1,325,032
1,689,412

  
1,407,837
1,689,412

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 17 
2,828,311
2,514,018

Cash at bank and in hand
 18 
1,618,088
1,083,603

  
4,446,399
3,597,621

Creditors: amounts falling due within one year
 19 
(5,504)
(186,191)

NET CURRENT ASSETS
  
 
 
4,440,895
 
 
3,411,430

TOTAL ASSETS LESS CURRENT LIABILITIES
  
5,848,732
5,100,842

  

  

NET ASSETS
  
5,848,732
5,100,842


CAPITAL AND RESERVES
  

Called up share capital 
 24 
30
30

Capital redemption reserve
 25 
70
70

Profit and loss account brought forward
  
5,100,742
5,047,112

Profit for the year
  
977,890
253,630

Other changes in the profit and loss account

  

(230,000)
(200,000)

Profit and loss account carried forward
  
5,848,632
5,100,742

  
5,848,732
5,100,842


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 May 2026.


S Anderson
Director

The notes on pages 19 to 36 form part of these financial statements.

Page 13

 
WOLVISTON GROUP LIMITED
 

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2024
30
70
6,817,262
6,817,362



Loss for the year
-
-
(15,481)
(15,481)

Dividends: Equity capital
-
-
(230,000)
(230,000)


AT 31 AUGUST 2025
30
70
6,571,781
6,571,881


The notes on pages 19 to 36 form part of these financial statements.


CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2023
30
70
6,625,680
6,625,780



Profit for the year
-
-
391,582
391,582

Dividends: Equity capital
-
-
(200,000)
(200,000)


AT 31 AUGUST 2024
30
70
6,817,262
6,817,362


The notes on pages 19 to 36 form part of these financial statements.

Page 14

 
WOLVISTON GROUP LIMITED
 

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2025


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2024
30
70
5,100,742
5,100,842



Profit for the year
-
-
977,890
977,890

Dividends: Equity capital
-
-
(230,000)
(230,000)


AT 31 AUGUST 2025
30
70
5,848,632
5,848,732


The notes on pages 19 to 36 form part of these financial statements.


COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 September 2023
30
70
5,047,112
5,047,212



Profit for the year
-
-
253,630
253,630

Dividends: Equity capital
-
-
(200,000)
(200,000)


AT 31 AUGUST 2024
30
70
5,100,742
5,100,842


The notes on pages 19 to 36 form part of these financial statements.

Page 15

 
WOLVISTON GROUP LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025

2025
2024
£
£

CASH FLOWS FROM OPERATING ACTIVITIES

(Loss)/profit for the financial year
(15,481)
391,582

ADJUSTMENTS FOR:

Amortisation of intangible assets
13,146
10,584

Depreciation of tangible assets
50,879
64,268

Profit on disposal of tangible assets
(147,156)
-

Interest paid
424
678

Interest received
(60,236)
(92,909)

Taxation charge
6,871
128,973

Decrease in stocks
-
319

Decrease in debtors
1,423,122
270,752

(Decrease) in creditors
(220,160)
(34,865)

Corporation tax (paid)
(33,460)
(162,517)

NET CASH GENERATED FROM OPERATING ACTIVITIES

1,017,949
576,865


CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of intangible fixed assets
(6,645)
(7,562)

Purchase of tangible fixed assets
(154,686)
(5,903)

Sale of tangible fixed assets
400,000
-

Interest received
60,236
92,909

NET CASH FROM INVESTING ACTIVITIES

298,905
79,444

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of loans
(10,224)
(9,971)

Dividends paid
(230,000)
(200,000)

Interest paid
(424)
(678)

NET CASH USED IN FINANCING ACTIVITIES
(240,648)
(210,649)

NET INCREASE IN CASH AND CASH EQUIVALENTS
1,076,206
445,660
Page 16

 
WOLVISTON GROUP LIMITED
 

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025


2025
2024

£
£



Cash and cash equivalents at beginning of year
2,040,045
1,594,385

CASH AND CASH EQUIVALENTS AT THE END OF YEAR
3,116,251
2,040,045


CASH AND CASH EQUIVALENTS AT THE END OF YEAR COMPRISE:

Cash at bank and in hand
3,116,251
2,040,045

3,116,251
2,040,045


The notes on pages 19 to 36 form part of these financial statements.

Page 17

 
WOLVISTON GROUP LIMITED
 

CONSOLIDATED ANALYSIS OF NET DEBT
FOR THE YEAR ENDED 31 AUGUST 2025





At 1 September 2024
Cash flows
Other non-cash changes
At 31 August 2025
£

£

£

£

Cash at bank and in hand

2,040,045

1,076,206

-

3,116,251

Debt due after 1 year

(10,947)

10,224

723

-

Debt due within 1 year

(10,648)

-

(723)

(11,371)


2,018,450
1,086,430
-
3,104,880

The notes on pages 19 to 36 form part of these financial statements.

Page 18

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

1.


GENERAL INFORMATION

The Company is a private company, limited by shares, incorporated in England and Wales and its registered office is:

Wolviston House
5 Falcon Court
Preston Farm
Stockton-on-Tees
TS18 3TS

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

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 judgment in applying the Group's accounting policies.

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:

 
2.2

Basis of consolidation

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.

 
2.3

Going concern

In respect of all subsidiaries, the Company and Group, the Director, having made due and careful enquiry and preparing forecasts, is of the opinion that the Company and Group have adequate working capital to execute their operations over the next 12 months. The Director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the Company and Group have adequate resources to continue in operational existence for the foreseeable future. As a result, the Director has continued to adopt the going concern basis of accounting in preparing the annual financial statements.

Page 19

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Group will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Group but are presented separately due to their size or incidence.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets are amortised over 3-4 years on a straight line basis.

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of the group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the consolidated statement of comprehensive income over its useful economic life of 10 years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 20

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

2.ACCOUNTING POLICIES (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
50 years
Motor vehicles
-
4 years
Fixtures and fittings
-
3-10 years
Office equipment
-
4 years
Other fixed assets
-
4-5 years

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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Financial instruments

The Group only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.10

Invoice discounting

The Group obtains finance in respect of its trade debtors under an invoice discounting agreement. This is regarded as a financing arrangement only, and the gross amount of the factored trade debtors is included in debtors with any advances received against these debts being included in other creditors. Interest and charges in respect of these arrangements are to the profit and loss account on an accruals basis.


Page 21

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

3.


TURNOVER

An analysis of turnover by class of business is as follows:


2025
2024
£
£

Technical and commercial personnel recruitment
9,153,663
10,801,100

Engineering design and consultancy
37,603
306,443

Project management, project management as a service and consultancy services
10,170,364
11,048,808

19,361,630
22,156,351


Analysis of turnover by country of destination:

2025
2024
£
£

United Kingdom
19,264,088
22,051,642

Rest of Europe
97,542
102,345

Rest of the world
-
2,364

19,361,630
22,156,351



4.


OTHER OPERATING INCOME

2025
2024
£
£

Insurance claims receivable
-
90,000

-
90,000



5.


OPERATING PROFIT

The operating profit is stated after charging:

2025
2024
£
£

Exchange differences
(3,104)
7,427

Other operating lease rentals
-
18,112

Page 22

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

6.


AUDITOR'S REMUNERATION

During the year, the Group obtained the following services from the Company's auditors:


2025
2024
£
£

Fees payable to the Company's auditors for the audit of the consolidated and Parent Company's financial statements
3,000
2,625

Fees payable to the Company's auditors in respect of:

The auditing of accounts of associates of the Company
19,005
17,525

Taxation compliance services
3,899
3,590

All non-audit services not included above
7,905
8,132


7.


EMPLOYEES

Staff costs, including director's remuneration, were as follows:


Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£


Wages and salaries
807,687
1,013,326
232,201
167,157

Social security costs
98,948
113,087
28,235
18,540

Cost of defined contribution scheme
162,538
140,609
78,376
85,981

1,069,173
1,267,022
338,812
271,678


The average monthly number of employees, including the director, during the year was as follows:



Group
Group
Company
Company
        2025
        2024
        2025
        2024
            No.
            No.
            No.
            No.









Administration
16
17
-
-



Management
15
15
4
3

31
32
4
3

Page 23

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

8.


DIRECTOR'S REMUNERATION

2025
2024
£
£

Director's emoluments
15,034
14,771

Group contributions to defined contribution pension schemes
58,750
60,000

73,784
74,771


During the year retirement benefits were accruing to 1 director (2024 - 1) in respect of defined contribution pension schemes.


9.


INTEREST RECEIVABLE

2025
2024
£
£


Other interest receivable
60,236
92,909

60,236
92,909


10.


INTEREST PAYABLE AND SIMILAR EXPENSES

2025
2024
£
£


Bank interest payable
424
678

424
678

Page 24

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

11.


TAXATION


2025
2024
£
£

Corporation tax


Current tax on profits for the year
-
111,700

Total current tax
-
111,700

Deferred tax


Origination and reversal of timing differences
6,871
17,273

Total deferred tax
6,871
17,273

 
6,871
 
128,973

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


(Loss)/profit on ordinary activities before tax
(8,610)
520,555


(Loss)/profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
(2,153)
130,139

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
8,997
4,688

Capital allowances for year in excess of depreciation
(12,543)
15,267

Short-term timing difference leading to an increase (decrease) in taxation
6,871
17,273

Profit on sale of chargeable assets
(36,789)
-

Capital gains
33,764
-

Other differences leading to an increase (decrease) in the tax charge
(12,352)
(1,110)

Group relief
21,076
(37,284)

Total tax charge for the year
6,871
128,973

Page 25

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
 
11.TAXATION (continued)


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


12.


DIVIDENDS

2025
2024
£
£


Dividend
230,000
200,000

230,000
200,000


13.


EXCEPTIONAL ITEMS

2025
2024
£
£


Bad debt written off
321,102
-

321,102
-

BellBridge Limited has recognised an exceptional charge relating to the write-off of a significant irrecoverable debtor. The item has been presented as exceptional due to its size and non-recurring nature.

Page 26

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

14.


INTANGIBLE ASSETS

Group





Development expenditure
Computer software
Goodwill
Total

£
£
£
£



Cost


At 1 September 2024
99,792
15,160
1,357,981
1,472,933


Additions
6,645
-
-
6,645


Disposals
(57,300)
-
-
(57,300)



At 31 August 2025

49,137
15,160
1,357,981
1,422,278



Amortisation


At 1 September 2024
85,052
5,843
1,357,981
1,448,876


Charge for the year on owned assets
9,356
3,790
-
13,146


On disposals
(57,300)
-
-
(57,300)



At 31 August 2025

37,108
9,633
1,357,981
1,404,722



Net book value



At 31 August 2025
12,029
5,527
-
17,556



At 31 August 2024
14,740
9,317
-
24,057



Page 27

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

15.


TANGIBLE FIXED ASSETS

Group



Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost


At 1 September 2024
289,656
117,886
-
340,519
748,061


Additions
-
-
92,434
62,252
154,686


Disposals
(289,656)
-
-
-
(289,656)



At 31 August 2025

-
117,886
92,434
402,771
613,091



Depreciation


At 1 September 2024
31,019
108,685
-
311,140
450,844


Charge for the year on owned assets
5,794
5,055
9,629
30,401
50,879


Disposals
(36,813)
-
-
-
(36,813)



At 31 August 2025

-
113,740
9,629
341,541
464,910



Net book value



At 31 August 2025
-
4,146
82,805
61,230
148,181



At 31 August 2024
258,637
9,201
-
29,379
297,217

Page 28

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

           15.TANGIBLE FIXED ASSETS (continued)


Company






Motor vehicles

£

Cost


Additions
92,434



At 31 August 2025

92,434



Depreciation


Charge for the year on owned assets
9,629



At 31 August 2025

9,629



Net book value



At 31 August 2025
82,805



At 31 August 2024
-






Page 29

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

16.


FIXED ASSET INVESTMENTS

Company





Investments in subsidiary companies

£



Cost


At 1 September 2024
1,689,412


Amounts written off
(364,380)



At 31 August 2025
1,325,032





SUBSIDIARY UNDERTAKINGS


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

Wolviston Management Services Limited
Wolviston House               5 Falcon Court         Preston Farm      Stockton-on-Tees        TS18 3TS
£1 Ordinary
100%
Bell Bridge Limited
as above
£1 Ordinary
100%
T J Hazell (Engineering Consultants) Limited
as above
£1 Ordinary
100%
Wolviston Corporate Sevices Limited
as above
£1 Ordinary
100%

Page 30

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
SUBSIDIARY UNDERTAKINGS (continued)

The aggregate of the share capital and reserves as at 31 August 2025 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)
£
£

Wolviston Management Services Limited
1,114,821
(114,880)

Bell Bridge Limited
808,464
131,699

T J Hazell (Engineering Consultants) Limited
124,931
(117,570)

Wolviston Corporate Services Limited - dormant
-
-

Page 31

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

17.


DEBTORS

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£


Trade debtors
3,056,082
3,923,631
-
-

Amounts owed by group undertakings
-
-
1,538,758
1,097,884

Other debtors
3,224,173
3,570,805
1,289,553
1,416,134

Prepayments and accrued income
72,987
66,281
-
-

Amounts recoverable on long-term contracts
-
215,646
-
-

6,353,242
7,776,363
2,828,311
2,514,018


Included in trade debtors is £2,948,960 (2024: 3,349,059) of invoice discounting debts outstanding.


18.


CASH AND CASH EQUIVALENTS

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Cash at bank and in hand
3,116,251
2,040,045
1,618,088
1,083,603

3,116,251
2,040,045
1,618,088
1,083,603



19.


CREDITORS: Amounts falling due within one year

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Bank loans
11,371
10,648
-
-

Trade creditors
1,587,720
1,862,514
17
16

Amounts owed to group undertakings
-
-
-
177,784

Corporation tax
-
33,459
-
-

Other taxation and social security
1,031,611
1,022,182
-
-

Other creditors
362,739
307,463
-
4,042

Accruals and deferred income
54,851
64,921
5,487
4,349

3,048,292
3,301,187
5,504
186,191


Page 32

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

20.


CREDITORS: Amounts falling due after more than one year

Group
Group
2025
2024
£
£

Bank loans
-
10,947

-
10,947





21.


LOANS


Analysis of the maturity of loans is given below:


Group
Group
2025
2024
£
£

Amounts falling due within one year

Bank loans
11,371
10,648

Amounts falling due 1-2 years

Bank loans
-
10,947

11,371
21,595


Page 33

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

22.


FINANCIAL INSTRUMENTS

Group
Group
Company
Company
2025
2024
2025
2024
£
£
£
£

Financial assets

Financial assets measured at fair value through profit or loss
3,116,251
2,040,045
1,618,088
1,083,603

Financial assets that are debt instruments measured at amortised cost
6,280,255
7,710,082
2,828,311
2,514,018

9,396,506
9,750,127
4,446,399
3,597,621


Financial liabilities

Financial instruments measured at amortised cost
3,048,292
3,278,675
5,504
186,191


Financial assets measured at fair value through profit or loss comprise of cash in hand and at bank.

Financial assets that are debt instruments measured at amortised cost comprise trade debtors, and other debtors.

Financial liabilities measured at amortised cost comprise trade creditors, obligations under finance lease and hire purchase contracts, other creditors, accruals and deferred income.


23.


DEFERRED TAXATION


Group



2025
2024


£

£






At beginning of year
8,186
(9,087)


Charged to profit or loss
6,871
17,273



At end of year
15,057
8,186

Page 34

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
 
23.DEFERRED TAXATION (continued)




The provision for deferred taxation is made up as follows:

Group
Group
2025
2024
£
£

Accelerated capital allowances
15,057
8,186

15,057
8,186


24.


SHARE CAPITAL

2025
2024
£
£
Allotted, called up and fully paid



30 (2024 - 30) Ordinary shares of £1.00 each
30
30



25.


RESERVES

Capital redemption reserve

The capital redemption reserves relates to the company purchasing 70 £1 Ordinary shares.

Profit and loss account

The profit and loss account relates to retained profits.


26.


PENSION COMMITMENTS

The Group contributes to a defined contribution 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 £162,538 (2024: £140,609). Contributions totaling £49,792 (2024: £50,439) were payable to the fund at the balance sheet date.

Page 35

 
WOLVISTON GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

27.


COMMITMENTS UNDER OPERATING LEASES

At 31 August 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:


Group
Group
2025
2024
£
£

Not later than 1 year
52,500
52,500

Later than 1 year and not later than 5 years
119,584
172,084

172,084
224,584

Group
Group
2025
2024
£
£

Not later than 1 year
-
368

-
368


28.


RELATED PARTY TRANSACTIONS

As at 31 August 2025 £964,717 (2024: £964,717) was due from S Anderson. This is the maximum balance outstanding during the year. Interest is not charged on the loan and there is no date of repayment.

During the year, the company paid rent amounting to £61,585 (2024: £52,500), to a SIPP, in which the director has an interest.

During the year, Wolviston Management Services Limited sold a building for £400,000, to a SIPP, in which the director has an interest. The proceeds of the sale are included within other debtors at the year end.

During the year, Wolviston Management Services Limited loaned £200,000, to a SIPP, in which the director has an interest.


29.


CONTROLLING PARTY

Wolviston Group Limited is under the control of S Anderson by virtue of her shareholding.

 
Page 36