Company No: 10211811 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	822,905		953,296
Investments	4	1,240		1,000
		824,145		954,296
Current assets
Debtors	5	164,371		192,905
Cash at bank and in hand		278,738		163,153
		443,109		356,058
Creditors: amounts falling due within one year	6	( 84,242)		( 141,172)
Net current assets		358,867		214,886
Total assets less current liabilities		1,183,012		1,169,182
Creditors: amounts falling due after more than one year	7	( 12,706)		( 37,980)
Provision for liabilities		( 134,715)		( 164,683)
Net assets		1,035,591		966,519
Capital and reserves
Called-up share capital		1,000		1,000
Profit and loss account		1,034,591		965,519
Total shareholders' funds		1,035,591		966,519

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Wheeler Holdings Limited (registered number: 10211811) were approved and authorised for issue by the Board of Directors on 23 July 2026. They were signed on its behalf by:

Mrs Helen Anne Wheeler Director

Mr Nathan John Wheeler Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wheeler Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Interest income

Interest income is recognised over time based on the amount outstanding and the effective interest rate.

Dividend income

Dividend income is recognised when the company's right to receive payment has been established.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	not depreciated
Vehicles	15 % reducing balance
Fixtures and fittings	5 years straight line
Other property, plant and equipment	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£		£
Cost
At 01 November 2024	249,601		672,827		187,246		133,909		1,243,583
Additions	0		28,755		18,108		0		46,863
Disposals	0		( 74,049)		( 18,108)		0		( 92,157)
At 31 October 2025	249,601		627,533		187,246		133,909		1,198,289
Accumulated depreciation
At 01 November 2024	0		145,469		81,049		63,769		290,287
Charge for the financial year	0		79,132		31,000		10,521		120,653
Disposals	0		( 31,934)		( 3,622)		0		( 35,556)
At 31 October 2025	0		192,667		108,427		74,290		375,384
Net book value
At 31 October 2025	249,601		434,866		78,819		59,619		822,905
At 31 October 2024	249,601		527,358		106,197		70,140		953,296

4. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	1,240		1,000

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Wheeler Roofing Services Limited - 100% holding of ordinary shares
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

Wheeler Roofing Supplies Limited - 100% holding of ordinary shares
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

Wheeler Roofing Limited - 100% holding of ordinary shares
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

The principal activity of Wheeler Roofing Services Limited is the provision of roofing services
The principal activity of Wheeler Roofing Supplies Limited is the supply of roofing materials
Wheeler Roofing Limited is a dormant company

5. Debtors

	2025		2024
	£		£
Amounts owed by Group undertakings	153,199		160,113
Other debtors	11,172		32,792
	164,371		192,905

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	8,333		10,000
Trade creditors	0		16,830
Taxation and social security	50,368		20,600
Obligations under finance leases and hire purchase contracts	16,941		42,608
Other creditors	8,600		51,134
	84,242		141,172

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		8,333
Obligations under finance leases and hire purchase contracts	12,706		29,647
	12,706		37,980

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
N Wheeler	(11,090)		43,284