JUST WILLS GROUP LIMITED

 

 

 

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

 

31 December 2025

 

(Registered Number: 05186807)

 

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

CONTENTS

 

 

 

Directors' Report

3

 

 

Statement of Directors' Responsibilities

4

 

 

Statement of Comprehensive Income

5

 

 

Statement of Financial Position

6

 

 

Statement of Changes in Equity

7

 

 

Notes

8

 

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

Directors' Report

 

The Directors present their annual report and the unaudited financial statements for the year ended 31 December 2025.

 

INTRODUCTION AND OVERVIEW

 

The principal activity of the Company during the year was to act as a holding company.

 

Just Wills Group Limited is a private limited company incorporated and registered in England and Wales under company registration number 05186807. The registered office is Inheritage, Unit A2, First Floor Office, Windmill Road, St Leonards-On-Sea, East Sussex, United Kingdom, TN38 9BY.

 

The Company recorded a profit before tax of £nil for the year ended 31 December 2025 (2024: £124,000).

 

DIRECTORS

 

The Directors who served during the year and up to the date of this report were:

 

CJ Giddy

Appointed

15 December 2025

Clint Paterson

Appointed

15 December 2025

Clinton Holroyd

Appointed

15 December 2025

JP Cosson

Resigned

15 December 2025

RJ Twigg

Resigned

15 December 2025

 

DIVIDENDS

 

The Directors do not recommend payment of a dividend (2024: £nil).

 

CHANGE IN ULTIMATE PARENT UNDERTAKING

 

On 15 December 2025, the Company's ultimate parent undertaking changed from Skipton Building Society to Hourglass Topco Limited.

 

GOING CONCERN

 

The Directors have considered the Company's financial position, its role as a holding company and the assurances of financial support received from its immediate parent undertaking, Just Wills Holdings Limited. Their assessment covers a period of at least twelve months from the date of approval of these financial statements. The Directors consider it appropriate to prepare the financial statements on a going concern basis.

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

Directors' Report

 

AUDIT EXEMPTION

 

The Company has taken advantage of the exemption from audit under section 479A of the Companies Act 2006 for the year ended 31 December 2025. Its parent undertaking, Just Wills Holdings Limited, has provided the guarantee required by section 479C of that Act.

 

This Directors' Report has been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime.

 

By order of the board

 

 

 

 

Clinton Holroyd

Director

 

Date: 21 October 2026

 

Inheritage

Unit A2, First Floor Office

Windmill Road

St Leonards-On-Sea

East Sussex

TN38 9BY

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

STATEMENT OF DIRECTORS' RESPONSIBILITIES IN RESPECT OF THE DIRECTORS' REPORT AND THE FINANCIAL STATEMENTS

 

The Directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the Directors to prepare financial statements for each financial year. The Directors have elected to prepare these financial statements in accordance with United Kingdom Accounting Standards, including FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including Section 1A, and the requirements of the Companies Act 2006 applicable to companies subject to the small companies' regime.

 

Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its profit or loss for that period. In preparing these financial statements, the Directors are required to:

 

•

select suitable accounting policies and apply them consistently;

•

make judgements and accounting estimates that are reasonable and prudent;

•

present information, including accounting policies, in a manner that provides relevant, reliable, comparable and understandable information;

•

provide additional disclosures when compliance with the specific requirements of FRS 102 Section 1A and the Companies Act 2006 is insufficient to enable users to understand the effect of particular transactions, events and conditions on the Company's financial position and financial performance;

•

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

 

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions, disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006.

 

They are also responsible for safeguarding the assets of the Company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Under applicable law and regulations, the Directors are also responsible for preparing a Directors' Report that complies with those requirements.

 

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

Statement of Comprehensive Income

 

FOR THE YEAR ENDED 31 DECEMBER 2025

 

 

Notes

Year ended

31 Dec 2025

Year ended

31 Dec 2024

 

 

£000

£000

 

 

 

 

Revenue

 

-

-

 

 

 

 

Other operating income

3

-

124

 

 

 

 

Profit before tax

 

-

124

 

 

 

 

Taxation

 

-

-

 

 

 

 

Profit for the year

 

-

124

 

There were no items of other comprehensive income in the current or preceding year and, accordingly, the profit for each year represents total comprehensive income for that year.

 

The notes on pages 8 to 11 form part of these financial statements.

 

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

Statement of Financial Position

 

AT 31 DECEMBER 2025

 

 

Notes

 

31 December

2025

 

31 December

2024

 

 

£000

£000

£000

£000

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

Trade and other payables

6

-

 

-

 

 

 

 

 

 

 

Total current liabilities

 

 

-

 

-

 

 

 

 

 

 

Total liabilities

 

 

-

 

-

 

 

 

 

 

 

Equity - attributable to equity holders of the Company

 

 

 

 

 

 

 

Share capital

7

28

 

28

 

Retained losses

 

(28)

 

(28)

 

 

 

 

 

 

 

Total equity

 

 

-

 

-

 

 

 

 

 

 

Total equity and liabilities

 

 

-

 

-

 

The notes on pages 8 to 11 form part of these financial statements.

 

For the year ended 31 December 2025, the Company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

 

The members have not required the Company to obtain an audit of its financial statements for the year in accordance with section 476 of the Companies Act 2006.

 

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.

 

These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime.

 

These financial statements were approved by the Board of Directors on 21 October 2026 and signed on its behalf by:

 

 

 

 

Clinton Holroyd

Director

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

Statement of Changes in Equity

 

FOR THE YEAR ENDED 31 DECEMBER 2025

 

 

Share

capital

Retained

losses

Total

equity

 

£000

£000

£000

 

 

 

 

Balance at 1 January 2025

28

(28)

-

Total comprehensive income for the year

-

-

-

 

 

 

 

Balance at 31 December 2025

28

(28)

-

 

 

 

 

Balance at 1 January 2024

28

(152)

(124)

Total comprehensive income for the year

-

124124

 

 

 

 

Balance at 31 December 2024

28

(28)

-

 

The notes on pages 8 to 11 form part of these financial statements.

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

NOTES TO THE FINANCIAL STATEMENTS

 

1.     Accounting policies

 

Just Wills Group Limited (the “Company”) is a private limited company incorporated, registered and domiciled in the United Kingdom.

 

a)     Basis of accounting

 

These financial statements have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including Section 1A, and the provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime. The recognition and measurement requirements of FRS 102 have been applied together with the presentation and disclosure requirements of Section 1A and any additional disclosures necessary to give a true and fair view. The financial statements have been prepared under the historical cost convention and are presented in pounds sterling, which is the Company's functional and presentation currency. Monetary amounts are rounded to the nearest £1,000 unless otherwise stated.

 

Small companies' regime

 

The Company qualifies for, and has applied, the small companies' regime. In accordance with FRS 102 Section 1A, disclosures not specifically required for a small entity have been omitted unless they are necessary for the financial statements to give a true and fair view.

 

Consolidation

 

These financial statements present information about the Company as an individual entity and not about its group. The Company has not prepared consolidated financial statements.

 

New and revised accounting standards

 

Amendments to FRS 102 that became effective for the current reporting period have been applied and did not have a material effect on these financial statements. The Company has not early adopted the amendments arising from the Periodic Review 2024 that are effective for accounting periods beginning on or after 1 January 2026. The Directors are assessing the effect of those amendments on future financial statements.

 

Going concern

 

The Directors have considered the Company's financial position, its role as a holding company and the assurances of financial support received from its immediate parent undertaking, Just Wills Holdings Limited. Their assessment covers a period of at least twelve months from the date of approval of these financial statements. The Directors consider it appropriate to prepare the financial statements on a going concern basis.

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

NOTES TO THE FINANCIAL STATEMENTS (continued)

 

Critical accounting judgements and key sources of estimation uncertainty

 

The preparation of financial statements in conformity with FRS 102 requires the Directors to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities.

 

The principal judgement made by the Directors in preparing these financial statements relates to the assessment of the recoverability of investments in subsidiary undertakings.

 

Investments in subsidiary undertakings are reviewed for indicators of impairment at each reporting date. In performing this assessment, the Directors consider the financial performance, net asset position and future prospects of the underlying subsidiary undertakings.

 

Based on this assessment, the Directors consider that the existing impairment provisions remain appropriate and that the carrying value of investments in subsidiary undertakings of £nil at 31 December 2025 is reasonable.

 

b)     Investments in subsidiary undertakings

 

Investments in subsidiary undertakings are measured at cost less accumulated impairment losses. At each reporting date, the Company assesses whether there is any indication that an investment may be impaired. Where such an indication exists, the recoverable amount is estimated and any impairment loss is recognised in profit or loss.

 

c)     Trade and other payables

 

Basic financial liabilities, including amounts owed to group undertakings, are initially recognised at the transaction price and subsequently measured at amortised cost.

 

d)     Trade and other receivables

 

Basic financial assets, including amounts due from group undertakings, are initially measured at the transaction price and subsequently measured at amortised cost.

 

At each reporting date, the Company assesses whether there is objective evidence that a financial asset is impaired. Any impairment loss is recognised immediately in profit or loss. Where an impairment loss subsequently decreases and the decrease can be objectively related to an event occurring after the impairment was recognised, the previously recognised impairment loss is reversed through profit or loss, subject to the asset not being carried above the amount that would have been recognised had no impairment occurred.

 

2.     Employees and Directors' remuneration

 

The average number of employees during the year was nil (2024: nil).

 

No Directors received remuneration in respect of their services to the Company during the year (2024: £nil).

 

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

NOTES TO THE FINANCIAL STATEMENTS (continued)

 

3.     Other operating income

 

 

Year ended

2025

Year ended

2024

 

£000

£000

 

 

 

Other income

-

124

 

The prior year balance of £124,000 arose from the reversal of a previously recognised impairment of intercompany receivables. No other operating income was recognised in the current year.

 

4.     Tax expense

 

 

Year ended

2025

Year ended

2024

 

£000

£000

 

 

 

Current tax charge

 

 

Current tax at 25.00% (2024: 25.00%)

-

-

 

 

 

Total current tax

-

-

 

b)     Factors affecting current tax expense in the year

 

The tax charge for the year is nil (2024: nil). The reconciliation between the expected tax charge and the actual tax charge is as follows:

 

 

Year ended

2025

Year ended

2024

 

£000

£000

 

 

 

Profit before tax

-

124

 

 

 

Tax on profit at UK standard rate of 25.00% (2023: 25.00%)

-

31

 

 

 

Effects of:

 

 

Income not taxable

-

(31)

 

 

 

Income tax charge

-

-

 

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

NOTES TO THE FINANCIAL STATEMENTS (continued)

 

5.     Investments in subsidiaries

 

The Company owns equity share capital in the following subsidiaries, which are incorporated in the UK, as follows:

 

Name of subsidiary undertaking

Nature of business

Proportion of ordinary shares held 2025

Proportion of ordinary shares held 2025

Just Wills Limited a

Will storage services and estate administration

100

%

100

%

The Universal Trust Corporation a

Dormant

100

%

100

%

Heritage Family Estates Limited a

Dormant

100

%

100

%

Chancery Law Services Limited a

Dormant

100

%

100

%

The Willmaster Limited a

Dormant

100

%*

100

%*

The Willmaster (Storage) Limited a

Dormant

100

%*

100

%*

Legal Services UK Limited a

Dormant

100

%*

100

%*

Executry Services Scotland Limited b

Dormant

100

%*

100

%*

Legal Services Probate Limited a

Dormant

100

%*

100

%*

 

*     Held indirectly through Just Wills Limited

 

Investments in subsidiaries

Year ended

2025

Year ended

2024

 

£000

£000

 

 

 

Cost

55

Impairment 2014

(5)

(5)

 

 

 

Net book value

-

-

 

Registered Offices

 

a Inheritage, Unit A2, First Floor Office, Windmill Road, St Leonards-On-Sea, East Sussex, United Kingdom, TN38 9BY

 

b 5 South Charlotte Street Edinburgh EH2 4AN

 

The carrying value of these investments at 31 December 2025 was £nil (2024: £nil).

 

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

NOTES TO THE FINANCIAL STATEMENTS (continued)

 

6.     Trade and other payables

 

Amounts falling due within one year

2025

2024

 

£000

£000

 

 

 

Amounts owed to group undertakings

-

-

 

 

 

Total trade and other payables

-

-

 

7.     Share capital

 

 

2025

2024

 

£000

£000

 

 

 

Allotted, called up and fully paid

 

 

27,536 ordinary shares of £1 each, allotted, called up and fully paid

2828

 

There were no changes in the Company's issued share capital during the year.

 

Management of capital

 

The Company's capital comprises issued share capital and retained earnings.

 

 

2025

2024

 

£000

£000

 

 

 

Capital

 

 

Ordinary shares

2828

Retained losses

(28)

(28)

 

 

 

 

-

-

 

The Company's capital comprises issued share capital and retained earnings.

 

The directors monitor the Company's capital position to ensure that the Company remains able to meet its obligations as they fall due and to support the long-term objectives of the Group.

 

The Company is not subject to any externally imposed capital requirements.

 

JUST WILLS GROUP LIMITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

31 DECEMBER 2025

 

NOTES TO THE FINANCIAL STATEMENTS (continued)

 

8.     Related Party Transactions

 

The Company is a wholly owned subsidiary of Just Wills Holdings Limited and forms part of the Hourglass group of companies.

 

During the year, the Company entered into transactions with fellow group undertakings in the normal course of business.

 

The Company has taken advantage of the exemption available under FRS 102 Section 33 from disclosing transactions entered into between wholly owned members of the group.

true

 

Any outstanding balances with group undertakings at the reporting date are unsecured, interest free, repayable on demand and disclosed within trade and other payables in note 6.

 

The Directors consider that all transactions with related parties were undertaken on terms equivalent to those prevailing in arm's length transactions.

 

9.     Ultimate Parent Undertaking

 

The Company is a wholly owned subsidiary of Just Wills Holdings Limited.

 

The ultimate parent undertaking and controlling party is Hourglass Topco Limited, a company incorporated and registered in the United Kingdom.

 

Neither Just Wills Holdings Limited nor Hourglass Topco Limited prepares consolidated financial statements available for public use.