Company registration number 10687229 (England and Wales)
AMALGAMATED HOLDINGS WILKINSON LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
AMALGAMATED HOLDINGS WILKINSON LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 10
AMALGAMATED HOLDINGS WILKINSON LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
4
7,349,820
7,346,561
Investments
5
9,158,270
8,986,813
16,508,090
16,333,374
Current assets
Debtors
7
175,620
163,076
Cash at bank and in hand
416,826
784,061
592,446
947,137
Creditors: amounts falling due within one year
8
(2,459,911)
(1,219,282)
Net current liabilities
(1,867,465)
(272,145)
Total assets less current liabilities
14,640,625
16,061,229
Creditors: amounts falling due after more than one year
9
(1,805,350)
(3,933,173)
Provisions for liabilities
(487,644)
(294,832)
Net assets
12,347,631
11,833,224
Capital and reserves
Called up share capital
5,145,607
5,145,607
Profit and loss reserves
7,202,024
6,687,617
Total equity
12,347,631
11,833,224
AMALGAMATED HOLDINGS WILKINSON LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2026
31 January 2026
- 2 -

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved by the board of directors and authorised for issue on 20 May 2026 and are signed on its behalf by:
J C Griffin
Director
Company registration number 10687229 (England and Wales)
AMALGAMATED HOLDINGS WILKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Amalgamated Holdings Wilkinson Limited is a private company limited by shares incorporated in England and Wales. The registered office is 14 Park Row, Nottingham, NG1 6GR.

1.1
Reporting period

The reporting period for company financial statements are presented for a period from 1 February 2025 to 31 January 2026. Comparative amounts presented in the financial statements (including the related notes) are from 1 July 2024 to 31 January 2025.

1.2
Accounting conversion

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. true

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue comes from two main streams, being rental income and management fees.

Rental income is invoiced each month or quarter and recognised uniformly over the length of the lease.

Revenue from management fees are those which are recharged to other related parties. AHWL undertakes the administrative tasks of processing and paying of these invoices. Costs are recharged on a monthly basis at a mark up and settled within 30 days. The amount recognised within revenue is the mark up with AHWL acting as an agent.

AMALGAMATED HOLDINGS WILKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Investment property

Investment property, (which is property held to earn rentals and/or for capital appreciation), is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Interests in listed and unlisted investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include 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.

Financial liabilities

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.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. Preference shares are recognized in accordance with section 22 of FRS 102.A, as the preference shares are irredeemable they are classified as equity.

AMALGAMATED HOLDINGS WILKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

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.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Unlisted investments

Unlisted investments have a higher level of risk because of limited available information and an active market compared to listed investments. Unlisted investments are recognised at fair value if the fair value can be measured reliably, otherwise unlisted investments are held at cost less impairment. The directors exercise judgement when conducting impairment reviews of the unlisted investments held.

AMALGAMATED HOLDINGS WILKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
2
Judgements and key sources of estimation uncertainty
(Continued)
- 6 -
Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investment properties

The key area of estimation uncertainty made by the directors is the valuation of investment property which is held at £7,349,820 at 31 January 2026.

The underlying assumptions supporting the investment properties valuation 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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
3
3
4
Investment property
2026
£
Fair value
At 1 February 2025
7,346,561
Additions
3,259
At 31 January 2026
7,349,820

The 2026 valuations were made by the directors, on an open market value for existing use basis. All buildings held are freehold. Should these properties have been valued at historic cost; they would be held at £11,076,830 (2025: £11,073,571) less accumulated depreciation of £1,191,616 (2025: £970,119).

5
Fixed asset investments
2026
2025
£
£
Other investments other than loans
9,158,270
8,986,813
AMALGAMATED HOLDINGS WILKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
5
Fixed asset investments
(Continued)
- 7 -

Unlisted investments are held at cost less impairment, where there is considered to be a reliable fair value measure for these investments, they have been revalued by the directors to their fair value. If unlisted investments were held at historic cost, they would be valued at £2,277,125 (2025: £1,965,925).

Unlisted investments relate to shareholdings in unlisted businesses, none of which exceed 20%, with the exception of Reeltime Apps Limited, with a carrying value of £112,507 which represents 30% of the shares. The registered office is at Hacker Young (Nottingham), 14 Park Row, Nottingham, United Kingdom, NGI 6GR, and the capital and reserves in its latest filed accounts as at 31 January 2025 were £66,562 in deficit (2024: £67,318 in deficit).

Listed Investments are held at market value due to their nature, and valued at quoted market prices that are readily available. If listed investments were held at historic cost, they would be valued at £4,252,582 (2025: £4,860,684).

Movements in fixed asset investments
Investments
Unlisted Investments
Total
£
£
£
Cost or valuation
At 1 February 2025
6,715,085
2,271,728
8,986,813
Additions
456,678
417,622
874,300
Valuation changes
740,182
(34,286)
705,896
Disposals
(1,266,239)
(142,500)
(1,408,739)
At 31 January 2026
6,645,706
2,512,564
9,158,270
Carrying amount
At 31 January 2026
6,645,706
2,512,564
9,158,270
At 31 January 2025
6,715,085
2,271,728
8,986,813
6
Subsidiaries

Details of the company's subsidiaries at 31 January 2026 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
AHWL Properties Limited
UK
Dormant
Ordinary shares
0
100.00
AHWL Ventures Limited
UK
Dormant
Ordinary shares
0
100.00
AMALGAMATED HOLDINGS WILKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 8 -
7
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
175,620
163,076
8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
2,107,190
235,927
Taxation and social security
29,418
16,679
Other creditors
323,303
966,676
2,459,911
1,219,282
9
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
1,805,350
3,933,173
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its 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.

Senior Statutory Auditor:
Andrew Timms
Statutory Auditor:
UHY Hacker Young
Date of audit report:
26 May 2026
AMALGAMATED HOLDINGS WILKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 9 -
11
Operating lease commitments

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2026
2025
£
£
Within 1 year
471,401
485,267
Years 2-5
877,189
1,286,090
After 5 years
5,208
67,708
Total commitments
1,353,798
1,839,065
12
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Amalgamated Holdings Wilkinson Limited is owned by a series of trusts, the transactions with these trusts in the period were as follows.

Included within income are the following management fees charged

Sales
Sales
2026
2025
£
£
AHW2
123,683
94,094
AHW3
3,818
539
AHW5
378
-
AHW7
594
-
JKW1
606
-
JKW85
1,354
-
SAW1
672
220
SAW3
1,946
220
Connected persons
154,480
-
287,531
95,073
AMALGAMATED HOLDINGS WILKINSON LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
12
Related party transactions
(Continued)
- 10 -

The following amounts were outstanding at the reporting end date:

2026
2025
Balance
Balance
Amounts due from related parties
£
£
AHW1
2,997
2,997
AHW2
-
70,237
AHW3
70,000
186,000
AHW4
9,777
9,777
AHW5
1,401
2,818
AHW7
1,674
1,674
JKW1
9,503
10,212
JKW85
11,000
-
SAW1
63,272
-
169,624
283,715

Management fees of £6,997 (2025: £750) were charged to a director for services rendered in the period. At the balance sheet date the director was owed £10,722 (2025: £53,926).

Management fees of £147,483 (2025: £36,894) were charged to close family members of one of the directors of Amalgamated Holdings Wilkinson Limited for services rendered in the period, At the balance sheet date the close family members were owed £12,305 (2025: £449,510).

The balance outstanding at the balance sheet date on the loan provided to ReelTime Apps was £117,493 (2025: £79,993), ReelTime Apps is a company which is under common control. Cost incurred on ReelTime Apps' behalf were £nil (2025: £302).

Costs of £100 (2025: £90) were incurred on behalf of AHW Ventures Ltd during the period which were not recharged. Costs of £100 (2025: £90) were incurred on behalf of AHW Properties Ltd during the period which were not recharged. Costs of £100 (2025: £220) were incurred on behalf of AHW Trustees Ltd during the period which were not recharged.

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