ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 11642208

WWYC LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

WWYC LIMITED

REGISTERED NUMBER:11642208

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		25,461,072		33,010,000
			25,461,072		33,010,000
Current assets
Debtors: amounts falling due within one year	5	1,058,097		723,401
Cash at bank and in hand	6	819,704		305,671
		1,877,801		1,029,072
Creditors: amounts falling due within one year	7	(6,966,624)		(7,061,342)
Net current liabilities			(5,088,823)		(6,032,270)
Total assets less current liabilities			20,372,249		26,977,730
Creditors: amounts falling due after more than one year	8		(18,985,375)		(25,313,833)
Provisions for liabilities
Deferred tax		(558,949)		(365,187)
			(558,949)		(365,187)
Net assets			827,925		1,298,710

Capital and reserves
Called up share capital		1,000	1,000
Fair value reserve	12	280,148	433,645
Profit and loss account	12	546,777	864,065
		827,925	1,298,710

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

B J S H Wing Yip	J A Hendley
Director	Director

Date: 2 April 2026

The notes on pages 3 to 9 form part of these financial statements.

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WWYC LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

	Called up share capital	Fair value reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 October 2023	1,000	271,286	687,913	960,199
Comprehensive income for the year
Profit for the year	-	-	338,511	338,511
Net surplus on revaluation of investment property	-	216,478	(216,478)	-
Deferred tax movements	-	(54,119)	54,119	-

At 1 October 2024	1,000	433,645	864,065	1,298,710
Comprehensive income for the year
Loss for the year	-	-	(470,785)	(470,785)
Deferred tax movements	-	(153,497)	153,497	-
At 30 September 2025	1,000	280,148	546,777	827,925

The notes on pages 3 to 9 form part of these financial statements.

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WWYC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	GENERAL INFORMATION

WWYC Limited is a private limited liability company, limited by shares and is incorporated in England, United Kingdom. The address of the registered office is 375 Nechells Park Road, Birmingham, B7 5NT and registered number is 11642208.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The financial statements have been prepared on a going concern basis. Given the net current liabilities position, the directors have considered relevant information, including forecast future cash flows and the impact of subsequent events in making their assessment. This analysis has considered cashflows expected to arise from future rental income, administrative costs, interest payments and the timing of the capital repayments for loans. The Directors have received confirmation, in the form of a letter of support, that fellow group undertakings will provide support as required to enable the Company to make these capital repayments as they fall due.
Market volatility and rising interest rates are the principal risks being faced by WWYC Limited. The Directors consider that these risks are appropriately mitigated by the letter of support referred to above.
Based on these assessments and having regard to resources available to the entity, the Directors have concluded that there is no material uncertainty and that WWYC Limited is expected to be in a position to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these accounts and hence it is appropriate to continue to adopt a going concern basis in preparing the annual report and accounts.

2.3

REVENUE

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

Rental income from operating leases, including incentives granted to lessees, is credited to the Statement of comprehensive income on a straight line basis over the lease term.

2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

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WWYC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method, so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income and expense recognised as other comprehensive income, or to an item recognised directly in equity is also recognised in other comprehensive income, or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom, where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.8

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.9

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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WWYC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.11

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.13

FINANCIAL INSTRUMENTS

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

EMPLOYEES

The Company has no employees other than the Directors, who did not receive any remuneration (2024:£NIL).

4.	INVESTMENT PROPERTY

		Freehold investment property
		£
	VALUATION
	At 1 October 2024	33,010,000
	Additions at cost	81,072
	Disposals	(7,630,000)
	AT 30 SEPTEMBER 2025	25,461,072

The directors have carefully considered the carrying value of investment properties at the balance sheet date and agreed a valuation of £25,461,072.

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WWYC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

DEBTORS

					2025	2024
					£	£


Trade debtors	253,810	155,393
Amounts owed by group undertakings	136,771	-
Corporation tax repayable	8,624	-
Prepayments and accrued income	658,892	568,008
	1,058,097	723,401

6.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	819,704	305,671
	819,704	305,671

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Loans owed to group undertakings	5,026,916	6,328,458
Trade creditors	-	46,677
Amounts owed to group undertakings	109,161	479,730
Corporation tax	-	33,216
Other taxation and social security	116,597	37,472
Other creditors	32,173	8,497
Accruals and deferred income	1,681,777	127,292
	6,966,624	7,061,342

Loans owed to group undertakings are unsecured.

8.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2025	2024
		£	£

Loans owed to group undertakings	18,985,375	25,313,833
	18,985,375	25,313,833

Loans owed to group undertakings are unsecured.

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WWYC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

AMOUNTS FALLING DUE WITHIN ONE YEAR
Loans owed to group undertakings	5,026,916	6,328,458
	5,026,916	6,328,458
AMOUNTS FALLING DUE 1-2 YEARS
Loans owed to group undertakings	5,026,916	6,328,458
	5,026,916	6,328,458
AMOUNTS FALLING DUE 2-5 YEARS
Loans owed to group undertakings	13,958,459	18,985,375
	13,958,459	18,985,375

	24,012,291	31,642,291

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WWYC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

10.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(365,187)
	Charged to profit or loss	(193,762)
	AT END OF YEAR	(558,949)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(260,904)	(220,639)
Tax on investment property revaluation surplus	(298,045)	(144,548)
	(558,949)	(365,187)

11.	SHARE CAPITAL
		2025	2024
		£	£

AUTHORISED, ALLOTTED, CALLED UP AND FULLY PAID

1,000 (2024:1,000) Ordinary Shares shares of £1.00 each	1,000	1,000

12.

RESERVES

Fair value reserve

The reserve records unrealised surplus on investment properties after deduction of estimated tax liabilities.

Profit and loss account

The profit and loss account includes all current and prior year retained profits and losses.

13.	CONTROLLING PARTY

The immediate parent company is WWYC (Holdings) Limited, a company incorporated in England, United Kingdom whose registered office is 375 Nechells Park Road, Nechells, Birmingham, B7 5NT.
The ultimate parent company and controlling party is WWY (Holdings) Limtied, a company incorporated in England, United Kingdom whose registered office is 375 Nechells Park Road, Nechells, Birmingham, B7 5NT.

The smallest and largest group for which Group financial statements are prepared is WWY (Holdings) Limited. Copies of the Group financial statements are available to the public from Companies House, Cardiff, CF14 3UZ.

Page 8

WWYC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

14.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.

The audit report was signed on 2 April 2026 by Christian Crawford ACA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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