Wishco Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

2.2. Turnover

Turnover represents the invoiced value of rental income and management services, net of value added tax and is recognised on an accrual basis.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% on RBM

2.4. Investment Properties

All investment properties are 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 for. Changes in fair value are recognised in the profit and loss account.

2.5. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

...CONTINUED

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Wishco Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.6. Taxation - continued

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Related Party Exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 4)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 December 2024	59,400
Additions	31,495

As at 30 November 2025	90,895

Depreciation
As at 1 December 2024	1,674
Provided during the period	21,649

As at 30 November 2025	23,323

...CONTINUED

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Wishco Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

Net Book Value
As at 30 November 2025	67,572

As at 1 December 2024	57,726

5. Investment Property

	2025
	£
Fair Value
As at 1 December 2024 and 30 November 2025	2,623,094
Additions	-

As at 30 November 2025	2,623,094

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	1,630,321	1,630,321

The investment properties were valued on an open market baisi on 06 July 2021 by Shepherd Commercial.

Fair value at 30 November 2022 is represented by;

Valuation in 2018 : £413,072

Valuation in 2021 : £579,701

Cost : £1,630,321

6. Fixed Asset Investments

	Listed	Other	Total
	£	£	£
Cost
As at 1 December 2024	24,599	-	24,599
Additions	-	126,176	126,176

As at 30 November 2025	24,599	126,176	150,775

Provision
As at 1 December 2024	-	-	-

As at 30 November 2025	-	-	-

Net Book Value
As at 30 November 2025	24,599	126,176	150,775

As at 1 December 2024	24,599	-	24,599

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Wishco Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

The company's investments at the Balance sheet date in the share capital of companies include the following:

Livingston Self Storage Limited

Registered office: 4 Maxwell Square, Brucefield Industrial Estate, Livingston, West Lothian, EH54 9BL

Nature of business: Trading Company

Class of Share: % holding

Ordinary 100%

2025 2024

£ £

Aggregate capital and reserves (642,954) (130,113)

Spilldoctor Limited

Registered office: 482 Lanark Road West, Edinburgh, United Kingdon, EH14 7AN

Nature of business: Dissolved

Class of Share: % holding

Ordinary 100%

2025 2024

£ £

Aggregate capital and reserves 0 0

Empteezy France

Registered office: 3 AV Antoine DE ST Exupery 44860 Saint-Aignan-Grandlieu

Nature of business: Investment company

Class of Share: % holding

Ordinary 99%

2025 2024

£ £

Aggregate capital and reserves 21,995 21,995

Empteezy Costa Espana S.L

Registered office: está situada en Calle Fontanella Pau 21 8 Esc.1 7, (03300), Orihuela, provincia de Alicante, Comunidad Valenciana

Nature of business: Investment company

Class of Share: % holding

Ordinary 100%

2025 2024

£ £

Aggregate capital and reserves 2,504 2,504

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Wishco Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	19,224	69,068
Prepayments and accrued income	73,429	71,666
Other debtors - Wishco Espana	2,714,154	2,654,989
Intercompany - Livingston Self Storage Ltd	1,665,617	792,335
Other debtors - Leen Sandor	66,185	22,665
VAT	-	6,723

	4,538,609	3,617,446

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	41,413	69,061
Other taxes and social security	386	947
VAT	3,311	-
Other creditors - Pension	-	112
Other creditors - Empteezy	725,847	725,847
Other creditors - Romold Limited	7,757	7,757
Other creditors - Interco Wish PropCo	1,199,377	573,666
Natwest Credit Card	305	-
Accruals and deferred income	74,686	86,711
Directors' loan accounts	3,228,322	3,086,064

	5,281,404	4,550,165

9. Deferred Taxation

The provision for deferred tax is made up as follows:

Deferred tax on property revaluations: £261,612

	2025	2024
	£	£
Other timing differences	278,505	262,625

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Wishco Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 December 2024	262,625	262,625
Additions	15,880	15,880

Balance at 30 November 2025	278,505	278,505

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Reserves

	Fair Value Reserve
	£
As at 1 December 2024	780,385

As at 30 November 2025	780,385

13. Related Party Transactions

During the year, Wishco Ltd incurred rent and associated property costs in respect of premises occupied by Livingston Self Storage Limited, a related company. The lease remains in the name of Wishco Ltd.

Amounts recoverable from Livingston Self Storage Limited have been recognised within intercompany debtors. At the year end, the balance due from Livingston Self Storage Limited was £1,665,617. No formal repayment terms are in place, and recovery of the balance is expected to be made as and when the trading position and cash flow of Livingston Self Storage Limited permit.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		67,572		57,726
Investment Properties	5		2,623,094		2,623,094
Fixed Asset Investments	6		150,775		24,599

			2,841,441		2,705,419
CURRENT ASSETS
Debtors	7	4,538,609		3,617,446
Cash at bank and in hand		212,287		381,001

		4,750,896		3,998,447
Creditors: Amounts Falling Due Within One Year	8	(5,281,404 )		(4,550,165 )

NET CURRENT ASSETS (LIABILITIES)			(530,508 )		(551,718 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,310,933		2,153,701

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(278,505 )		(262,625 )

NET ASSETS			2,032,428		1,891,076

CAPITAL AND RESERVES
Called up share capital	11		100		100
Fair value reserve	12		780,385		780,385
Profit and Loss Account			1,251,943		1,110,591

SHAREHOLDERS' FUNDS			2,032,428		1,891,076