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Company Registration No. 12938258 (England and Wales)
WILLS CAPITAL LTD Unaudited accounts for the year ended 31 October 2025
WILLS CAPITAL LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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WILLS CAPITAL LTD Company Information for the year ended 31 October 2025
Directors
Jesujuwonlo Williams Olanrewaju Williams
Company Number
12938258 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
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WILLS CAPITAL LTD Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,641
1,837
Investment property
5
397,605
397,605
399,246
399,442
Current assets
Cash at bank and in hand
2,389
2,197
Creditors: amounts falling due within one year
6
(106,280)
(106,201)
Net current liabilities
(103,891)
(104,004)
Total assets less current liabilities
295,355
295,438
Creditors: amounts falling due after more than one year
7
(298,587)
(298,587)
Net liabilities
(3,232)
(3,149)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(3,234)
(3,151)
Shareholders' funds
(3,232)
(3,149)
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2026 and were signed on its behalf by
Olanrewaju Williams Director Company Registration No. 12938258
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WILLS CAPITAL LTD Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
WILLS CAPITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12938258. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rental income provided in the normal course of business.
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 at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10 years straight line basis
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WILLS CAPITAL LTD Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 November 2024
1,959
At 31 October 2025
1,959
Depreciation
At 1 November 2024
122
Charge for the year
196
At 31 October 2025
318
Net book value
At 31 October 2025
1,641
At 31 October 2024
1,837
5
Investment property
2025
£
Fair value at 1 November 2024
397,605
At 31 October 2025
397,605
6
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
104,510
104,510
Accruals
570
551
Deferred income
1,200
1,140
106,280
106,201
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
298,587
298,587
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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