Registration number:
Wring Group Limited
for the Year Ended 31 August 2025
Wring Group Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Consolidated Profit and Loss Account |
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Consolidated Statement of Comprehensive Income |
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Consolidated Balance Sheet |
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Balance Sheet |
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Consolidated Statement of Changes in Equity |
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Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Notes to the Financial Statements |
Wring Group Limited
Company Information
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Directors |
J M Wring D S Wring |
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Registered office |
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Auditors |
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Wring Group Limited
Strategic Report for the Year Ended 31 August 2025
The directors present their strategic report for the year ended 31 August 2025.
Principal activity
The principal activity of the group is demolition work and the renting of investment properties.
Fair review of the business
The group’s results for 2025 have seen an increase in turnover against the prior year, from £12,963,438 to £15,469,862. The group has reported an overall net profit before tax of £767,899 (2024 - loss before tax of £795,187). The strong net asset position of the group reflects the good management of working capital, mitigating the risk against liquidity or cash flow issues.
Following significant investment in the business last year, the group has been successful in building on their operations as evidenced by their strengthened cash reserves at the year end.
The group remains committed to fostering long-term partnerships which the directors feel is central to the provision of services for all their customers.
The directors believe people are the most important and valuable asset. Investing in people is key to ensuring the group continues to provide the best possible service and protect the health, safety and welfare of employees, the environment and the community. Employees are encouraged to fulfil their potential and build careers thus creating a team that is dedicated and competent to strive for the best. Management also believe in helping to develop their supply chain and encourage subcontractors to invest in training and development and are able to provide relevant courses.
Principal risks and uncertainties
The market remains challenging and changing UK conditions, especially within the construction sector, could adversely affect the trading of the group and their financial position and future prospects.The directors believe that the diverse client base, as well as the revenue generated by way of the group’s investment properties, affords some protection against the worst possible affects of any recession.
The group has a number of finance leases which have been taken out for fixed terms and rates which mitigate against the risk of variable rate borrowings. Fixed asset additions continue to be primarily funded via leasing agreements so the group can maintain adequate medium term finance to ensure that the group has sufficient funds for future investment and its continuing operations.
In order to minimise credit risk and any exposure to bad debts, there are internal controls in place to ensure that relevant and appropriate detailed credit checks are undertaken prior to engaging into services for customers. Any changes to payment patterns are highlighted to identify any potential payment difficulties.
The group is subject to regulatory compliance risk which can arise from a failure to comply with the relevant applicable laws and regulations, mainly involving health and safety laws and environmental laws such as those relating to asbestos. The group remains committed to embracing the standards set within ISO 9001, ISO 14001 and OHSAS 18001.
Wring Group Limited
Strategic Report for the Year Ended 31 August 2025
Market, Ukraine and Outlook
The situation in Ukraine may adversely impact on the supply and prices of goods, if inflation, gas and oil prices continue to rise and remain at the levels currently seen.
Following a review of the group's performance for the 2026 year to date, the directors believe that there will little impact on the financial performance arising from market considerations. Given the level of cash held by the group, the high levels of reserves and the continued support of the shareholders, the directors consider that the group has adequate resources in place to continue trading for the foreseeable future and withstand any reasonably foreseeable challenges.
Other risks
The group have a number of finance leases which have been taken out for fixed terms and rates which the directors believe help to mitigate against the risk of interest rate fluctuations.
In order to minimise their credit risk, the directors believe that they have sufficient internal controls in place and ensure that relevant and appropriate credit checks are performed prior to engaging the services of suppliers.
The strong net asset position of the group reflects the good management of working capital, mitigating the risk against liquidity or cash flow issues.
Approved and authorised by the
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Wring Group Limited
Directors' Report for the Year Ended 31 August 2025
The directors present their report and the financial statements for the year ended 31 August 2025.
Directors of the company
The directors who held office during the year were as follows:
Financial instruments
The group has procedures to identify risk and protect and manage the group from events that may hinder it’s financial performance objectives. The objectives aim to limit counterparty exposure, ensure sufficient working capital exists and monitor and manage risk. Management do not consider it necessary to employ derivatives such as forward currency contracts to manage risk based on the current activities of the group.
Objectives and policies
The group is exposed to price risk, credit risk, liquidity and cash flow risk. Appropriate policies have been developed and implemented to identify, evaluate and manage key risks and the directors review risk management strategies regularly.
Price risk, credit risk, liquidity risk and cash flow risk
Price risk - the group is exposed to price risk as a result of its operations. However, sales prices are constantly reviewed and agreed by management to ensure sales prices reflect any fluctuating prices within the market place.
Credit risk - before sales are made, appropriate credit checks are performed on potential customers. The majority are established customers of the group and therefore the credit risk on individual customers is limited.
Liquidity and cash flow risk - the group's exposure to liquidity risk is minimal and the group tightly monitors and controls its cash flow.
Future developments
We continue to focus on quality in perfomance as well as management and operational support. Results for quarter one for 2025/26 are positive with a number of additional key contracts currently being negotiated.
Disclosure of information to the auditor
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Reappointment of auditors
The auditors ML Audit LLP are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Wring Group Limited
Directors' Report for the Year Ended 31 August 2025
Approved by the
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Wring Group Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the parent company and of the profit or loss of the group and the parent company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the parent company's transactions and disclose with reasonable accuracy at any time the financial position of and the company and the parent company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the parent company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Wring Group Limited
Independent Auditor's Report to the Members of Wring Group Limited
Opinion
We have audited the financial statements of Wring Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2025, which comprise the Consolidated Profit and Loss Account, Consolidated Statement of Comprehensive Income, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Changes in Equity, Statement of Changes in Equity, Consolidated Statement of Cash Flows and Notes to the Financial Statements, including 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).
In our opinion the financial statements:
• | give a true and fair view of the state of the group's and the parent company's affairs as at 31 August 2025 and of the group's profit 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 auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Wring Group Limited
Independent Auditor's Report to the Members of Wring Group Limited
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where 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 directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 6, the directors are 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 directors determine 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 directors are responsible for assessing the company’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 directors either intend to liquidate the company or the parent company or to cease operations, or have no realistic alternative but to do so.
Wring Group Limited
Independent Auditor's Report to the Members of Wring Group Limited
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 auditor’s 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 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:
In planning and designing our audit tests, we identify and assess the risks of material mis-statements, whether due to fraud or error. Our assessment of these risks includes the following:
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the nature of the industry and sector, control environment and business performance including the key drivers for directors’ remuneration, bonus levels and performance targets; |
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results of our enquiries of management about their own identification and assessment of the risks of irregularities; |
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any matters we identified having made enquiries of management about their policies and procedures relating to: |
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identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; |
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detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |
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the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; |
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the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, through discussions with the directors, and from our commercial knowledge and experience of the sector in which the group and the parent company operates, to enable us to identify the key laws and regulations applicable to the group and the parent company. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statement or the operations of the group and the parent company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation.
As a result of performing the above, our procedures to respond to the risks identified included the following:
Wring Group Limited
Independent Auditor's Report to the Members of Wring Group Limited
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reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; |
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enquiring of management concerning actual and potential litigation and claims; |
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reviewing correspondence with HMRC, and the company's legal advisors; |
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reading minutes of meetings of those charged with governance; |
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performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |
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obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and |
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in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involved deliberate concealment or collusion.
However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity’s operations are conducted in accordance with the provisions of
laws and regulations and for the prevention and detection of fraud. A further description of our responsibilities is available on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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 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 auditor’s 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.
Wring Group Limited
Independent Auditor's Report to the Members of Wring Group Limited
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For and on behalf of
Freshford House
Redcliffe Way
BS1 6NL
Wring Group Limited
Consolidated Profit and Loss Account for the Year Ended 31 August 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating loss |
( |
( |
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Gain on investment properties at fair value through profit and loss account |
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- |
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Other interest receivable and similar income |
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Interest payable and similar expenses |
( |
( |
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1,070,470 |
(126,921) |
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Profit/(loss) before tax |
|
( |
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Tax on profit/(loss) |
- |
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Profit/(loss) for the financial year |
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( |
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Profit/(loss) attributable to: |
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Owners of the company |
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( |
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Minority interests |
|
( |
|
|
|
( |
The above results are derived from the group's continuing operations.
The group has no recognised gains or losses for the year other than the results above.
Wring Group Limited
Consolidated Statement of Comprehensive Income for the Year Ended 31 August 2025
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2025 |
2024 |
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Profit/(loss) for the year |
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( |
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Total comprehensive income for the year |
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( |
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Total comprehensive income attributable to: |
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Owners of the company |
|
( |
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Minority interests |
|
( |
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|
( |
Wring Group Limited
(Registration number: 03899806)
Consolidated Balance Sheet as at 31 August 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Equity attributable to owners of the company |
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Minority interests |
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Total equity |
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Approved and authorised by the
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Wring Group Limited
(Registration number: 03899806)
Balance Sheet as at 31 August 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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The company made a loss after tax for the financial year of £449,835 (2024 profit of - £506,416).
Approved and authorised by the
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Wring Group Limited
Consolidated Statement of Changes in Equity for the Year Ended 31 August 2025
Equity attributable to the parent company
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Share capital |
Revaluation reserve |
Retained earnings |
Total |
Non-controlling interests - Equity |
Total equity |
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At 1 September 2024 |
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Profit for the year |
- |
- |
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At 31 August 2025 |
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Share capital |
Revaluation reserve |
Retained earnings |
Total |
Non-controlling interests - Equity |
Total equity |
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At 1 September 2023 |
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Loss for the year |
- |
- |
( |
( |
( |
( |
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At 31 August 2024 |
1,000 |
215,045 |
6,868,239 |
7,084,284 |
998,056 |
8,082,340 |
Wring Group Limited
Statement of Changes in Equity for the Year Ended 31 August 2025
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Share capital |
Retained earnings |
Total |
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At 1 September 2024 |
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Loss for the year |
- |
( |
( |
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At 31 August 2025 |
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Share capital |
Retained earnings |
Total |
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At 1 September 2023 |
|
|
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Loss for the year |
- |
( |
( |
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At 31 August 2024 |
1,000 |
5,861,538 |
5,862,538 |
Wring Group Limited
Consolidated Statement of Cash Flows for the Year Ended 31 August 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit/(loss) for the year |
|
( |
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
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Loss on disposal of tangible assets |
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Fair value gains on investment properties |
( |
- |
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Finance income |
( |
( |
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Finance costs |
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Income tax expense |
- |
( |
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|
|
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||
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Working capital adjustments |
|||
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(Increase)/decrease in stocks |
( |
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Decrease/(increase) in trade debtors |
|
( |
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Increase in trade creditors |
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(Decrease)/increase in provisions |
( |
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Cash generated from operations |
|
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|
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Income taxes received |
- |
|
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Net cash flow from operating activities |
|
|
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Cash flows from investing activities |
|||
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Interest received |
|
|
|
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of tangible assets |
|
|
|
|
Acquisition of investment properties |
( |
( |
|
|
Net cash flows from investing activities |
( |
( |
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Cash flows from financing activities |
|||
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Interest paid |
( |
( |
|
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Repayment of bank borrowings |
|
|
|
|
Payments to finance lease creditors |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
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Net increase/(decrease) in cash and cash equivalents |
|
( |
|
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Cash and cash equivalents at 1 September |
|
|
|
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Cash and cash equivalents at 31 August |
3,706,628 |
2,561,488 |
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The company is a qualifying entity for the purposes of FRS 102 and have elected to have exemption under FRS 102 paragraph 1.12(b) not to present the Company Statement of Cash Flows.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.
Summary of disclosure exemptions
The parent company has taken exemption from presenting its unconsolidated profit and loss account under in section 408 of the Companies Act 2006.
The parent company has taken advantage of the exemption in section 1.12(b) of the FRS 102 from preparing a statement of cashflows on the basis that it is a qualifying entity and the consolidated statement of cashflows included in these financial statements includes the parent company's cash flows.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 August 2025.
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the group has adequate resources to continue operating for the foreseeable future. The directors have been mindful of potential future impacts from events such as the impact of inflationary pressures, Brexit and the ongoing situation in Ukraine and have reviewed the sales pipeline and expected cash needs.
Given the level of cash held by the group, the high levels of reserves and the continued support of the shareholders, the directors consider that the group has adequate resources in place to continue trading for the foreseeable future, being twelve months from the date of approval of the financial statements. Therefore, the going concern basis continues to be applied in applied in the preparation of the financial statements.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Key sources of estimation uncertainty
In the application of the group's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The directors have carried out a valuation of the work in progress as well as valuing amounts due from customers for contract work at the year end. Further details are given in Notes 15 and 16.
The directors have carried out a valuation of investment properties on an open market basis and based on similar properties in similar geographic locations. Further details are given in Note 13.
The directors have consolidated the results of Wring's Units Limited, a company in which it holds 50% of the issued share capital, within the group financial statements. Further details are given in Note 14.
The directors estimate the value of the costs to complete contract work as well as any estimated losses made on contract work at the year end.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services and receipt of rents in the ordinary course of the group's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The group recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the group's activities.
Where the outcome of a long term contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the balance sheet date. This is normally measured by surveys of work performed to date.
Finance income and costs policy
Interest income and expenses are recognised using the effective interest rate method.
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Deferred and current taxation assets or liabilities are not discounted.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction, over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Long leasehold buildings |
Over the term of the lease/10 years/50 years straight line basis |
|
Plant and machinery |
15% reducing balance basis |
|
Furniture, fittings and equipment |
15% reducing balance basis |
|
Motor vehicles |
20% reducing balance basis |
Investment property
Amortisation
Goodwill represents the difference between the fair value of the consideration paid on acquisiton of the business and the fair value of it's seperable net assets at the trade of acquisiton. Goodwill continues to be amortised on a straight line basis as the difference between the required treatment of amortising over 10 years under FRS 102 is deemed by the directors to be immaterial.
|
Asset class |
Amortisation method and rate |
|
Goodwill |
Over 20 years |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Debtors
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stock represents professional services that are work in progress, which are defined by the stage of completion. The work in progress is valued at the lower of cost and expected net realisable value.
The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing work in progress to its current stage of completion. At each reporting date, work in progress is assessed for impairment. If work in progress impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Provisions
Provisions are recognised when the group has an obligation at the reporting date as a result of a past event, it is probable that the group will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Contingencies
Contingent liabilities are not recognised except those acquired in a business combination. Contingent liabilities arise as a result of past events when;
(a) it is not probable that there will be an outflow of resources or the amount cannot be reliably measured at the reporting date or
(b) when their existence will be confirmed by uncertain future events not wolly within the company’s control.
Contingent liabilities are disclosed in the financial statements unless the probability of an outflow is remote. Contingent assets are not recognised. Contingent assets are disclosed in the financial statements only when an inflow of economic benefits is deemed probable.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the group has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Financial instruments
Classification
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.
Recognition and measurement
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Impairment
The impairment loss is recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Revenue |
The analysis of the group's turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Demolition work |
|
|
|
Rental income |
|
|
|
Other revenue |
- |
|
|
|
|
The analysis of the group's Turnover for the year by market is as follows:
|
2025 |
2024 |
|
|
UK |
|
|
|
Europe |
|
|
|
|
|
|
Operating profit/(loss) |
Arrived at after charging:
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Operating lease expense - property |
|
|
|
Operating lease expense - office equipment |
|
|
|
Loss on disposal of motor vehicles and plant & machinery |
|
|
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
|
|
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
|
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the group (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Office staff |
|
|
|
Operatives |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Office staff |
23 |
21 |
|
Operatives |
54 |
50 |
|
77 |
71 |
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
360,788 |
272,171 |
During the year the number of directors who were receiving benefits and share incentives was as follows:
|
2025 |
2024 |
|
|
Accruing benefits under money purchase pension scheme |
|
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
In respect of the highest paid director:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Company contributions to money purchase pension schemes |
|
- |
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
15,500 |
19,005 |
|
Audit of the financial statements of the company's subsidiaries |
10,500 |
9,000 |
|
|
|
|
Taxation |
Tax charged/(credited) in the income statement:
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax adjustment to prior periods |
- |
( |
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
- |
( |
|
Tax receipt in the income statement |
- |
( |
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK of 25% (2024 - lower than the standard rate of corporation tax in the UK at 21%) .
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit/(loss) before tax |
|
( |
|
Corporation tax at standard rate |
|
( |
|
Decrease in UK and foreign current tax from adjustment for prior periods |
- |
( |
|
Tax decrease from effect of capital allowances and depreciation |
( |
- |
|
Effect of revenues exempt from taxation |
- |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
( |
|
|
Decrease from tax losses for which no deferred tax asset was recognised |
( |
- |
|
Further item of tax increase |
|
- |
|
Total tax credit |
- |
( |
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Fixed asset timing differences |
- |
|
|
Pensions |
|
- |
|
Losses carried forward |
|
- |
|
|
|
|
2024 |
Asset |
Liability |
|
Fixed asset timing differences |
- |
|
|
Pensions |
|
- |
|
Losses carried forward |
|
- |
|
|
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Company
Deferred tax assets and liabilities
|
2025 |
Asset |
Liability |
|
Fixed asset timing differences |
- |
|
|
Pensions |
|
- |
|
Losses carried forward |
|
- |
|
|
|
|
2024 |
Asset |
Liability |
|
Fixed asset timing differences |
- |
|
|
Pensions |
|
- |
|
Losses carried forward |
|
- |
|
|
|
Deferred taxes at the balance sheet date have been measured using the enacted tax rates at that date.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Intangible assets |
Group
|
Goodwill |
Total |
|
|
Cost or valuation |
||
|
At 1 September 2024 |
|
|
|
At 31 August 2025 |
|
|
|
Amortisation |
||
|
At 1 September 2024 |
|
|
|
At 31 August 2025 |
|
|
|
Carrying amount |
||
|
At 31 August 2025 |
- |
- |
|
Tangible assets |
Group
|
Long leasehold buildings |
Furniture, fittings and equipment |
Motor vehicles |
Plant and machinery |
Total |
|
|
Cost or valuation |
|||||
|
At 1 September 2024 |
|
|
|
|
|
|
Additions |
|
|
- |
|
|
|
Disposals |
( |
( |
- |
- |
( |
|
At 31 August 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 September 2024 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
Eliminated on disposal |
( |
( |
- |
- |
( |
|
At 31 August 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 August 2025 |
|
|
|
|
|
|
At 31 August 2024 |
|
|
|
|
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Plant and machinery |
2,567,892 |
2,478,186 |
|
Motor vehicles |
693,796 |
826,634 |
|
3,261,688 |
3,304,820 |
Company
|
Long leasehold buildings |
Furniture, fittings and equipment |
Motor vehicles |
Plant and machinery |
Total |
|
|
Cost or valuation |
|||||
|
At 1 September 2024 |
|
|
|
|
|
|
Additions |
|
|
- |
|
|
|
Disposals |
( |
( |
- |
- |
( |
|
At 31 August 2025 |
|
|
|
|
|
|
Depreciation |
|||||
|
At 1 September 2024 |
|
|
|
|
|
|
Charge for the year |
|
|
|
|
|
|
Eliminated on disposal |
( |
( |
- |
- |
( |
|
At 31 August 2025 |
|
|
|
|
|
|
Carrying amount |
|||||
|
At 31 August 2025 |
|
|
|
|
|
|
At 31 August 2024 |
|
|
|
|
|
Assets held under finance leases and hire purchase contracts
The net carrying amount of tangible assets includes the following amounts in respect of assets held under finance leases and hire purchase contracts:
|
2025 |
2024 |
|
|
Plant and machinery |
2,567,892 |
2,478,186 |
|
Motor vehicles |
693,796 |
826,634 |
|
3,261,688 |
3,304,820 |
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Investment properties |
Group
|
2025 |
|
|
At 1 September 2024 |
|
|
Additions |
|
|
Fair value adjustments |
|
|
At 31 August 2025 |
|
Investment properties are included in the balance sheet at their fair value as at 31 August 2025. A portion of the portfolio was valued by the director, J M Wring, on an open‑market basis with reference to comparable properties in similar geographic locations. The remaining investment properties were valued at the reporting date by CSquared, an independent firm of professionally qualified valuers with appropriate expertise and experience in the relevant property markets.
Company
|
2025 |
|
|
At 1 September 2024 |
|
|
Additions |
|
|
At 31 August 2025 |
|
The investment properties were valued at fair value at the reporting date. The valuations were undertaken by CSquared, an independent firm of professionally qualified valuers with the expertise and recent experience in the relevant property markets.
|
Investments |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 September 2024 |
|
|
At 31 August 2025 |
|
|
Carrying amount |
|
|
At 31 August 2025 |
|
|
At 31 August 2024 |
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
Vale Lane, Bedminister, Bristol, BS3 5RU England |
|
|
|
|
Subsidiary undertakings |
|
Wring's Units Limited The principal activity of Wring's Units Limited is |
Wring's Units Limited is 50% owned by Wring Group Limited. The remaining shareholders are J M Wring and D S Wring, with the C Locke Estate being a minority shareholder. Given that J M Wring and D S Wring are deemed to be controlling parties of the group and as the companies are operated in unison, Wring's Units Limited has been included in the consolidated accounts of Wring Group Limited.
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Work in progress |
|
|
|
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Debtors |
|
Group |
Company |
||||
|
Current |
Note |
2025 |
2024 |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
|
|
Amounts owed by related parties |
|
|
|
|
|
|
Other debtors |
|
|
|
|
|
|
Prepayments |
|
|
|
|
|
|
Accrued income |
|
|
|
|
|
|
Gross amount due from customers for contract work |
|
|
|
|
|
|
|
|
|
|
||
Trade debtors are stated after the provision for impairment of £472,556 (2024 - £564,506).
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash on hand |
|
|
|
|
|
Cash at bank |
|
|
|
|
|
Short-term deposits |
|
|
|
|
|
|
|
|
|
|
|
Creditors |
|
Group |
Company |
||||
|
Note |
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
|||||
|
Loans and borrowings |
|
|
|
|
|
|
Trade creditors |
|
|
|
|
|
|
Amounts due to related parties |
|
|
|
|
|
|
Social security and other taxes |
|
|
|
|
|
|
Outstanding defined contribution pension costs |
|
|
|
|
|
|
Other creditors |
|
|
|
|
|
|
Accruals |
|
|
|
|
|
|
|
|
|
|
||
|
Due after one year |
|||||
|
Loans and borrowings |
|
|
|
|
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Deferred tax and other provisions |
Group
|
Onerous contracts |
Deferred tax |
Total |
|
|
At 1 September 2024 |
|
|
|
|
Increase/(decrease) in existing provisions |
( |
- |
( |
|
At 31 August 2025 |
- |
|
|
|
|
|||
Company
|
Onerous contracts |
Deferred tax |
Total |
|
|
At 1 September 2024 |
|
|
|
|
Increase/(decrease) in existing provisions |
( |
- |
( |
|
At 31 August 2025 |
- |
|
|
|
|
|||
|
Pension and other schemes |
Defined contribution pension scheme
The group participates in a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
1,000 |
|
1,000 |
Rights, preferences and restrictions
|
Ordinary shares have the following rights, preferences and restrictions: |
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Reserves |
Group
Share capital
This reserve reflects the nominal value of share capital issued by the Wring Group.
Revaluation reserve
This reserve reflects the surplus or deficit arising on the revaluation of assets within the group.
Profit and loss account
The profit and loss account represents the accumulated profits, losses and distributions of the group.
Minority interests
This reserve represents the proportion of the groups reserves that are owned by third parties.
|
Loans and borrowings |
Non-current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
- |
|
- |
- |
|
Finance lease liabilities |
|
|
|
|
|
|
|
|
|
|
Current loans and borrowings
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Bank borrowings |
|
|
- |
- |
|
Finance lease liabilities |
|
|
|
|
|
|
|
|
|
|
Group
Bank borrowings are secured by legal charges over the freehold properties owned by the group. All assets are secured by a fixed and floating charge registered 14 July 2004.
Finance lease liabilities are secured over the assets to which they relate.
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Obligations under leases and hire purchase contracts |
Group
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £Nil).
Company
Finance leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Analysis of changes in net debt |
Group
|
At 1 September 2024 |
Financing cash flows |
At 31 August 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
2,561,488 |
1,145,140 |
3,706,628 |
|
Borrowings |
|||
|
Bank borrowings |
(18,969) |
10,248 |
(8,721) |
|
Lease liabilities |
(3,727,324) |
630,516 |
(3,096,808) |
|
(3,746,293) |
640,764 |
(3,105,529) |
|
|
|
|||
|
( |
|
|
|
Company
|
At 1 September 2024 |
Financing cash flows |
At 31 August 2025 |
|
|
Cash and cash equivalents |
|||
|
Cash |
2,534,094 |
1,146,264 |
3,680,358 |
|
Borrowings |
|||
|
Lease liabilities |
(3,727,324) |
630,516 |
(3,096,808) |
|
( |
|
|
|
|
|
|||
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
|
Related party transactions |
Group
|
Transactions with directors |
|
2025 |
At 1 September 2024 |
Advances to director |
Repayments by director |
At 31 August 2025 |
|
J M Wring |
||||
|
|
( |
|
( |
( |
|
|
- |
- |
- |
- |
|
(51,825) |
3,757 |
(120,614) |
(168,682) |
|
|
D S Wring |
||||
|
|
( |
|
( |
( |
|
|
- |
- |
- |
- |
|
(17,444) |
1,027 |
(113,623) |
(130,040) |
|
|
2024 |
At 1 September 2023 |
Advances to director |
Repayments by director |
At 31 August 2024 |
|
J M Wring |
||||
|
|
( |
|
( |
( |
|
(45,775) |
6,369 |
(12,419) |
(51,825) |
|
|
D S Wring |
||||
|
|
( |
|
( |
( |
|
(20,099) |
3,147 |
(492) |
(17,444) |
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Summary of transactions with other related parties
Income and receivables from related parties
|
2025 |
Other related parties |
|
Receipt of services |
|
|
|
|
|
2024 |
Other related parties |
|
Receipt of services |
|
|
Management charges receivable |
|
|
|
|
|
|
|
Expenditure with and payables to related parties
|
2025 |
Key management |
Other related parties |
|
Rendering of services |
- |
|
|
Salaries |
- |
|
|
Leases |
|
- |
|
|
|
|
|
|
||
|
2024 |
Key management |
Other related parties |
|
Rendering of services |
- |
|
|
Salaries |
- |
|
|
Leases |
|
- |
|
|
|
|
|
|
||
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Loans to related parties
|
2025 |
Other related parties |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||
|
2024 |
Other related parties |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
At end of period |
|
|
|
|
||
Terms of loans to related parties
Loans from related parties
|
2025 |
Other related parties |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||
|
2024 |
Other related parties |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||
Terms of loans from related parties
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Company
|
Transactions with directors |
|
2025 |
At 1 September 2024 |
Advances to director |
Repayments by director |
At 31 August 2025 |
|
J M Wring |
||||
|
|
- |
- |
- |
- |
|
|
( |
|
( |
( |
|
(51,825) |
3,757 |
(8,158) |
(56,226) |
|
|
D S Wring |
||||
|
|
- |
- |
- |
- |
|
|
( |
|
( |
( |
|
(17,444) |
1,027 |
(1,167) |
(17,584) |
|
|
2024 |
At 1 September 2023 |
Advances to director |
Repayments by director |
At 31 August 2024 |
|
J M Wring |
||||
|
|
- |
- |
- |
- |
|
|
( |
|
( |
( |
|
(45,775) |
6,369 |
(12,419) |
(51,825) |
|
|
D S Wring |
||||
|
|
- |
- |
- |
- |
|
|
( |
|
( |
( |
|
(20,099) |
3,147 |
(492) |
(17,444) |
|
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Summary of transactions with other related parties
Income and receivables from related parties
|
2025 |
Other related parties |
|
Receipt of services |
|
|
|
|
|
2024 |
Subsidiary |
Other related parties |
|
Receipt of services |
- |
|
|
Management charges receivable |
|
|
|
|
|
|
|
|
||
Expenditure with and payables to related parties
|
2025 |
Subsidiary |
Key management |
Other related parties |
|
Rendering of services |
- |
- |
|
|
Salaries |
- |
- |
|
|
Leases |
|
|
- |
|
|
|
|
|
|
|
|||
|
2024 |
Subsidiary |
Key management |
Other related parties |
|
Rendering of services |
- |
- |
|
|
Salaries |
- |
- |
|
|
Leases |
|
|
- |
|
|
|
|
|
|
|
|||
Wring Group Limited
Notes to the Financial Statements for the Year Ended 31 August 2025
Loans to related parties
|
2025 |
Subsidiary |
Other related parties |
Total |
|
At start of period |
119,759 |
477,333 |
597,092 |
|
Advanced |
235,754 |
3,854 |
239,608 |
|
Repaid |
(200,000) |
(400,000) |
(600,000) |
|
At end of period |
155,513 |
81,187 |
236,700 |
|
|
|||
|
2024 |
Subsidiary |
Other related parties |
Total |
|
At start of period |
109,209 |
401,600 |
510,809 |
|
Advanced |
210,550 |
75,000 |
285,550 |
|
Repaid |
(200,000) |
- |
(200,000) |
|
At end of period |
119,759 |
476,600 |
596,359 |
|
|
|||
Terms of loans to related parties
Loans from related parties
|
2025 |
Other related parties |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||
|
2024 |
Other related parties |
Total |
|
At start of period |
179,163 |
179,163 |
|
Advanced |
1,068,351 |
1,068,351 |
|
Repaid |
(1,059,042) |
(1,059,042) |
|
At end of period |
188,472 |
188,472 |
|
|
||
Terms of loans from related parties
|
Parent and ultimate parent undertaking |
The ultimate controlling party is