REGISTERED NUMBER: 07193454 (England and Wales)

WILFRID LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Walkey

Mrs KM Walkey

REGISTERED OFFICE:

Broad House

1 The Broadway

Old Hatfield

Hertfordshire

AL9 5BG

REGISTERED NUMBER:

07193454 (England and Wales)

ACCOUNTANTS:

Jones Hunt & Keelings

Chartered Certified Accountants and

Chartered Tax Advisers

Broad House

1 The Broadway

Old Hatfield

Hertfordshire

AL9 5BG

FIXED ASSETS

Investments

4

1,005,003

1,005,003

CURRENT ASSETS

Debtors

5

733,819

1,537,281

Cash at bank

2,523,449

1,639,528

3,257,268

3,176,809

CREDITORS

Amounts falling due within one year

6

28,224

33,263

NET CURRENT ASSETS

3,229,044

3,143,546

TOTAL ASSETS LESS CURRENT LIABILITIES

4,234,047

4,148,549

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

4,233,047

4,147,549

SHAREHOLDERS' FUNDS

4,234,047

4,148,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

J Walkey - Director

1.	STATUTORY INFORMATION

Wilfrid Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Accounting convention

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. The principal accounting policies adopted are set out below.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates

In the preparation of these financial statements, the company's critical accounting judgements and estimates are in respect of the value of the company's subsidiary and the recoverability of the amount due from that company. Details of these judgements and estimates are described in the relevant accounting policy, the notes to the financial statements and below:

- Whether the value of the company's investment in its subsidiary is at least equal to its cost: the directors review this annually by reference to the performance of the subsidiary.

- Whether the amount due from the company's subsidiary is fully recoverable: the directors review this annually by reference to the performance of the subsidiary.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are recognised immediately in profit or loss.

Turnover

Turnover represents management charges from the subsidiary company. This is not a supply for Vat purposes and so the company is not registered for Vat.

Financial instruments

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

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Fixed asset investments

Fixed asset investments are valued as follows:

1) Where investments are acquired for cash, they are valued at the lower of cost and the recoverable amount.

2) Where investments are acquired on a share for share exchange and the transaction results in the company securing ownership of at least 90% of the equity of another company, the investments are valued at the lower of the par value of the shares received and the recoverable amount, which is in accordance with the merger relief provisions of the Companies Act 2006.

Income from shares in group undertakings

Dividends receivable from group undertakings are recognised at the amount receivable in the period in which entitlement arises.

Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2025

and 31 December 2025

1,005,003

NET BOOK VALUE

At 31 December 2025

1,005,003

At 31 December 2024

1,005,003

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

233,819

237,281

Amounts falling due after more than one year:

Amounts owed by group undertakings

500,000

1,300,000

Aggregate amounts

733,819

1,537,281

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

28,224

33,263

7.	RELATED PARTY DISCLOSURES

During the year, the Company:

i) received dividends of £550,000 (2024: £460,000) and management fees of £130,000 (2024: £130,000) from its wholly-owned subsidiary; and

ii) repaid £803,462 (2024: lent £99,856 to) by that company.

At the balance sheet date, the Company was owed £733,818 (2024: £1,537,281) by its wholly-owned subsidiary; the loan is unsecured and interest-free. There are no terms as to the repayment of this loan other than the Company has agreed that £500,000 is not repayable within twelve months of the balance sheet date.