Registration number: 14012906

Wilson & Scho Properties Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Wilson & Scho Properties Ltd

(Registration number: 14012906)
Balance Sheet as at 31 March 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Investment property	4	180,000	180,000
Current assets
Debtors	5	-	4,193
Cash at bank and in hand		-	4
		-	4,197
Creditors: Amounts falling due within one year	6	(25,195)	(26,627)
Net current liabilities		(25,195)	(22,430)
Total assets less current liabilities		154,805	157,570
Creditors: Amounts falling due after more than one year	6	(138,630)	(139,391)
Provisions for liabilities		(3,073)	(3,454)
Net assets		13,102	14,725
Capital and reserves
Called up share capital		1	1
Retained earnings		13,101	14,724
Shareholders' funds		13,102	14,725

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2026
 

Wilson & Scho Properties Ltd

(Registration number: 14012906)
Balance Sheet as at 31 March 2025

......................................... Ms Amy Lorraine Schofield Director

Wilson & Scho Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
26 St. Georges Street
Stalybridge
SK15 1BD
England

2	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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Judgements

In the application of the company'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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received in respect of rental income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Wilson & Scho Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4	Investment properties

	2025 £
At 1 April	180,000
At 31 March	180,000

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current	2025 £	(As restated) 2024 £
Other debtors	-	4,193
	-	4,193

Wilson & Scho Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

		2025 £	(As restated) 2024 £
Due within one year
Loans and borrowings		761	24,467
Accruals and deferred income		3,000	2,160
Other creditors		21,434	-
		25,195	26,627

Current loans and borrowings

	2025 £	(As restated) 2024 £
Bank borrowings	761	24,467

Creditors: amounts falling due after more than one year

		2025 £	(As restated) 2024 £
Due after one year
Loans and borrowings		138,630	139,391

Secured Debt

Loans and borrowings relate to the mortgage of 26 St Georges street, SK15 1BD. This debt contains fixed charges, floating charges and a negative pledge against both 26 St Georges street,SK15 1BD and 47 Ambleside avenue, OL7 9HA.

Wilson & Scho Properties Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Prior year adjustment

The accounts have been restated to incorporate items which were not reflected in the 31 March 2024 accounts.
This includes an investment property incorrectly shown within fixed assets which has been restated to fair value and transferred to investment properties.
Current assets have been restated to include a related party balance and an adjustment to cash in hand.
Current liabilities have been restated to include accrued expenses and loans and borrowings due within 1 year.
Non current liabilities have been restated to include adjustments to loans and borrowings due over 1 year.
Provision for liabilities has been restated to include a deferred tax provision.
The changes have resulted in an increase to the retained earnings at 31 March 2024.


Summary of the prior year accounting impact:
Increase in fair value of the investment property by £45,000
Increase of current assets by £4,197
Increase in current liabilities by £26,627
Decrease in non current liabilities by £21,975
Increase in provision of liabilities by £3,454
Increase capital and reserves - Profit and loss account by £41,091