G. G. Wilkinson Building Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03457903

G. G. Wilkinson Building Limited

Filleted Unaudited Financial Statements

Year ended

28 October 2025

G. G. Wilkinson Building Limited

Financial Statements

Year ended 28 October 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

G. G. Wilkinson Building Limited

Statement of Financial Position

28 October 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		893,664		898,699

Current assets

Debtors	6	–		6,092

Creditors: amounts falling due within one year	7	14,198		13,079
		--------		--------
Net current liabilities			14,198		6,987
			----------		----------
Total assets less current liabilities			879,466		891,712

Creditors: amounts falling due after more than one year	8		391,901		358,447

Provisions

Taxation including deferred tax	79,840	79,840
	----------	----------
Net assets	407,725	453,425
	----------	----------

Capital and reserves

Called up share capital	2	2
Revaluation reserve	526,000	526,000
Profit and loss account	( 118,277)	( 72,577)
	----------	----------
Shareholder funds	407,725	453,425
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

G. G. Wilkinson Building Limited

Statement of Financial Position (continued)

28 October 2025

These financial statements were approved by the board of directors and authorised for issue on 27 October 2026 , and are signed on behalf of the board by:

Mr G G Wilkinson
Director

Company registration number: 03457903

G. G. Wilkinson Building Limited

Notes to the Financial Statements

Year ended 28 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 124 St. Leonards Drive, Chapel St. Leonards, Skegness, PE24 5RB, England.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy continues to face a degree of economic uncertainty, including the ongoing effects of inflation, interest rates and energy costs. These factors have affected the company's trading results to varying degrees. In preparing these financial statements, the director has considered the potential impact of these matters based on the information available at the date of approval and does not believe they will affect the company's ability to continue trading for the foreseeable future. Accordingly, at the date of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. The director has therefore prepared the financial statements on a going concern basis.

(c) Revenue recognition

Turnover comprises revenue recognised by the company in respect of rental income receivable. Revenue from rents receivable is recognised in accordance with the terms of the relevant lease agreement.

(d) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(f) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% straight line
Equipment	-	10% straight line

(g) Investment properties

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

(h) Financial instruments

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

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Plant and machinery	Equipment	Total
	£	£	£	£
Cost
At 29 October 2024 and 28 October 2025	880,000	24,600	1,154	905,754
	----------	--------	-------	----------
Depreciation
At 29 October 2024	–	6,940	115	7,055
Charge for the year	–	4,920	115	5,035
	----------	--------	-------	----------
At 28 October 2025	–	11,860	230	12,090
	----------	--------	-------	----------
Carrying amount
At 28 October 2025	880,000	12,740	924	893,664
	----------	--------	-------	----------
At 28 October 2024	880,000	17,660	1,039	898,699
	----------	--------	-------	----------

The investment properties were valued in October 2025 by the director who has experience in the location and category of the investment property being valued.

6. Debtors

	2025	2024
	£	£
Other debtors	–	6,092
	----	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,664	7,782
Accruals and deferred income	4,120	4,610
Social security and other taxes	687	687
Director loan accounts	4,727	–
	--------	--------
	14,198	13,079
	--------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	391,901	358,447
	----------	----------

The bank loans are secured on the Investment Properties.

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr G G Wilkinson	6,092	19,361	( 30,181)	( 4,728)
	-------	--------	--------	-------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr G G Wilkinson	22,001	12,108	( 28,018)	6,091
	--------	--------	--------	-------