Company registration number: 01141052
Annual report and unaudited financial statements
for the year ended 30 November 2025
for
W. P. Underwood Limited
Pages for filing with the Registrar
Company registration number: 01141052
W. P. Underwood Limited
Balance sheet
as at 30 November 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 5,924,382 5,903,164
5,924,382 5,903,164
Current assets
Stocks 23,125 27,904
Debtors 5 90,061 299,736
Cash at bank and in hand 6,844,943 6,181,598
6,958,129 6,509,238
Creditors: amounts falling due within one year
6 (927,450) (1,144,857)
Net current assets 6,030,679 5,364,381
Total assets less current liabilities 11,955,061 11,267,545
Provisions for liabilities (42,983) (37,677)
NET ASSETS 11,912,078 11,229,868
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,911,978 11,229,768
TOTAL EQUITY 11,912,078 11,229,868
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01141052
W. P. Underwood Limited
Balance sheet - continued
as at 30 November 2025
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 16 July 2026 and signed on its behalf by:
Mr W Underwood, Director
16 July 2026
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W. P. Underwood Limited
Notes to the financial statements
for the year ended 30 November 2025
1 Company information
W. P. Underwood Limited is a private company registered in England and Wales. Its registered number is 01141052. The company is limited by shares. Its registered office is 23 Market Place, Fakenham, Norfolk, England, NR21 9BS.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Investment & Freehold Property:
Investment & Freehold Properties - 0% reducing balance
Machines & equipment:
Amusement machines - 25% reducing balance
Fixtures & fittings - 25% reducing balance
Computer equipment -
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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W. P. Underwood Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 10 (2024 - 10).
4 Tangible fixed assets
Investment & Freehold Property

Machines & equipment
Totals
£ £ £
Cost
At 1 December 2024 5,752,459 1,484,086 7,236,545
Additions - 78,525 78,525
Disposals - (3,010) (3,010)
At 30 November 2025 5,752,459 1,559,601 7,312,060
Depreciation
At 1 December 2024 - 1,333,381 1,333,381
Charge for year - 57,307 57,307
Eliminated on disposal - (3,010) (3,010)
At 30 November 2025 - 1,387,678 1,387,678
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W. P. Underwood Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
4 Tangible fixed assets - continued
Net book value
At 30 November 2025 5,752,459 171,923 5,924,382
At 30 November 2024 5,752,459 150,705 5,903,164
5 Debtors
2025 2024
£ £
Trade debtors 11,058 17,084
Other debtors 12,662 215,236
Prepayments and accrued income 66,341 67,416
90,061 299,736
6 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 4,840 145,749
Amounts owed to directors 508,351 561,384
Other creditors 78,544 89,387
Taxation 221,822 263,270
VAT payable 25,096 20,030
Accruals and deferred income 88,797 65,037
927,450 1,144,857
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