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Registered number: 00612204
H.J.Wadley And Son Limited
Financial Statements
For The Year Ended 31 March 2025
Stack & Jones Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00612204
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,436 866,924
Investment Properties 5 1,225,920 -
1,227,356 866,924
CURRENT ASSETS
Debtors 6 19,777 17,040
Cash at bank and in hand 78,657 80,519
98,434 97,559
Creditors: Amounts Falling Due Within One Year 7 (9,458 ) (9,986 )
NET CURRENT ASSETS (LIABILITIES) 88,976 87,573
TOTAL ASSETS LESS CURRENT LIABILITIES 1,316,332 954,497
NET ASSETS 1,316,332 954,497
CAPITAL AND RESERVES
Called up share capital 8 7,000 7,000
Revaluation reserve 10 1,057,742 696,822
Profit and Loss Account 251,590 250,675
SHAREHOLDERS' FUNDS 1,316,332 954,497
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Keith Wadley
Director
17/11/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
H.J.Wadley And Son Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00612204 . The registered office is 30D Market Square, Bicester, Oxfordshire, OX26 6BD.
2. Accounting Policies
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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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. 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.
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 reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 April 2024 905,000 8,595 10,952 666 925,213
Disposals (905,000 ) (2,911 ) - - (907,911 )
As at 31 March 2025 - 5,684 10,952 666 17,302
Depreciation
As at 1 April 2024 40,000 8,533 9,490 266 58,289
Provided during the period (40,000 ) 13 366 100 (39,521 )
Disposals - (2,902 ) - - (2,902 )
As at 31 March 2025 - 5,644 9,856 366 15,866
Net Book Value
As at 31 March 2025 - 40 1,096 300 1,436
As at 1 April 2024 865,000 62 1,462 400 866,924
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 -
Additions 865,000
Revaluations 360,920
As at 31 March 2025 1,225,920
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 168,178 168,178
Investment property comprises of residential and commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 March 2025 by the directors. The valuation has been determined using the income capitalisation method.
6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 969 1,040
Other taxes and social security 48 -
Directors' loan accounts 18,760 16,000
19,777 17,040
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 6,313 6,905
Other taxes and social security - 64
VAT 18 51
Accruals and deferred income 3,127 2,966
9,458 9,986
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 7,000 7,000
9. Directors Advances, Credits and Guarantees
Included within debtors is an amount due from the directors.
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Keith Wadley 8,000 14,380 (13,000 ) - 9,380
Mr David Wadley 8,000 14,380 (13,000 ) - 9,380
The above loan is unsecured, interest free and repayable on demand.
10. Reserves
Revaluation Reserve
£
As at 1 April 2024 696,822
Surplus on revaluation 360,920
As at 31 March 2025 1,057,742
Page 5