REGISTERED NUMBER: 04700904 (England and Wales)

WARDMANS (MATLOCK) LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2025 TO 31 DECEMBER 2025

Page

Abridged Balance Sheet

1

to

3

Notes to the Financial Statements

4

to

7

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,367,658

1,304,954

Investment property

6

675,000

675,000

2,042,658

1,979,954

CURRENT ASSETS

Stocks

3,280,919

3,071,890

Debtors

1,200,305

1,689,025

Cash at bank and in hand

188,321

523,023

4,669,545

5,283,938

CREDITORS

Amounts falling due within one year

(437,028

)

(1,219,328

)

NET CURRENT ASSETS

4,232,517

4,064,610

TOTAL ASSETS LESS CURRENT LIABILITIES

6,275,175

6,044,564

PROVISIONS FOR LIABILITIES

(89,929

)

(81,286

)

NET ASSETS

6,185,246

5,963,278

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

19,652

19,652

Retained earnings

6,165,494

5,943,526

SHAREHOLDERS' FUNDS

6,185,246

5,963,278

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

G M Wardman - Director

D A Wardman - Director

J R Wardman - Director

1.	STATUTORY INFORMATION

Wardmans (Matlock) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04700904

Registered office:

Old Coach Road

Tansley

Matlock

Derbyshire

DE4 5FY

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 historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis. No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, paid in connection with the acquisition of a business in 2003 has been fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Tangible fixed assets are initially measured at historical cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slowing moving items. Stock is valued on a first in, first out basis.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax

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 have been enacted or substantively enacted by the period end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 14 (2025 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2025

and 31 December 2025

60,000

AMORTISATION

At 1 May 2025

and 31 December 2025

60,000

NET BOOK VALUE

At 31 December 2025

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2025

1,512,234

Additions

107,619

Disposals

(15,377

)

At 31 December 2025

1,604,476

DEPRECIATION

At 1 May 2025

207,280

Charge for period

32,289

Eliminated on disposal

(2,751

)

At 31 December 2025

236,818

NET BOOK VALUE

At 31 December 2025

1,367,658

At 30 April 2025

1,304,954

Included in cost of land and buildings is freehold land of £ 983,339 (2025 - £ 954,572 ) which is not depreciated.

Tangible fixed assets are initially measured at historical cost.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

and 31 December 2025

675,000

NET BOOK VALUE

At 31 December 2025

675,000

At 30 April 2025

675,000

Deferred tax movements arising on the revaluation of investment property are recognised within the profit and loss account. The total deferred tax provision is debited to the fair value reserve at the reporting date.

If the company's investment property was sold for it's carrying value no tax charge would be incurred (April 2025: £Nil).

Fair value at 31 December 2025 is represented by:

£

Valuation in 2023

44,652

Valuation in 2025

(25,000

)

Cost

655,348

675,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2025

£

£

Cost

655,348

655,348

Investment property was valued on an open market basis on 9 April 2025 by Fidler Taylor .

7.

RESERVES

Fair

value

reserve

£

At 1 May 2025

and 31 December 2025

19,652

8.	RELATED PARTY DISCLOSURES

There have been no material transactions which have not been included under normal market conditions with owners holding a participating interest in the company.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.