REGISTERED NUMBER: 02337706 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Widekey Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N J Bagshawe

M E Lyons

REGISTERED OFFICE:

6 Poole Hill

Bournemouth

Dorset

BH2 5PS

REGISTERED NUMBER:

02337706 (England and Wales)

ACCOUNTANTS:

Rawlence and Browne UDY Limited

Unit 17 Lancaster Road

Sarum Business Park

Old Sarum

Salisbury

Wiltshire

SP4 6FB

FIXED ASSETS

Tangible assets

4

912

1,073

Investments

5

100

-

Investment property

6

1,840,000

2,085,000

1,841,012

2,086,073

CURRENT ASSETS

Debtors

7

1,123,878

1,157,210

Cash at bank and in hand

245,385

10,385

1,369,263

1,167,595

CREDITORS

Amounts falling due within one year

8

10,663

7,421

NET CURRENT ASSETS

1,358,600

1,160,174

TOTAL ASSETS LESS CURRENT LIABILITIES

3,199,612

3,246,247

CREDITORS

Amounts falling due after more than one year

9

(1,372,050

)

(1,374,634

)

PROVISIONS FOR LIABILITIES

(288,100

)

(261,700

)

NET ASSETS

1,539,462

1,609,913

CAPITAL AND RESERVES

Called up share capital

301

301

Non distributable reserve

11

1,178,619

1,179,819

Retained earnings

360,542

429,793

1,539,462

1,609,913

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

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 25 August 2026 and were signed on its behalf by:

M E Lyons - Director

1.	STATUTORY INFORMATION

Widekey Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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.

Plant and machinery etc

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Taxation

Taxation for the year 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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

and 31 March 2026

8,642

DEPRECIATION

At 1 April 2025

7,569

Charge for year

161

At 31 March 2026

7,730

NET BOOK VALUE

At 31 March 2026

912

At 31 March 2025

1,073

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 March 2026

100

NET BOOK VALUE

At 31 March 2026

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,085,000

Disposals

(245,000

)

At 31 March 2026

1,840,000

NET BOOK VALUE

At 31 March 2026

1,840,000

At 31 March 2025

2,085,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 1996

196

Valuation in 1998

50,000

Valuation in 2001

160,000

Valuation in 2003

50,000

Valuation in 2004

199,450

Valuation in 2007

505,359

Valuation in 2009

(135,086

)

Valuation in 2012

(151,240

)

Valuation in 2013

10,341

Valuation in 2014

137,009

Valuation in 2016

(20,921

)

Valuation in 2018

40,000

Valuation in 2020

(64,499

)

Valuation in 2021

617,491

Valuation in 2022

80,000

Valuation in 2023

50,000

Valuation in 2024

(61,381

)

Cost

373,281

1,840,000

There has been no valuation of investment property by an independent valuer.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Amounts owed by group undertakings

250

-

Other debtors

1,123,628

1,157,210

1,123,878

1,157,210

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

2,584

4,343

Other creditors

8,079

3,078

10,663

7,421

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

1,354,050

1,356,634

Other creditors

18,000

18,000

1,372,050

1,374,634

31.3.26

31.3.25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,354,050

1,354,050

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

1,354,050

1,354,050

The bank loans are secured on investment properties held by the company.

11.

RESERVES

Non

distributable

reserve

£

At 1 April 2025

1,179,819

Fair value transfer

(1,200

)

At 31 March 2026

1,178,619