ACCOUNTS - Final Accounts preparation

Operating lease commitments - Lessor

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 01454225

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	WILKY PROPERTY HOLDINGS LIMITED


WILKY PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION

Directors	M R Young
	S D Young
	J C Munday


Company secretary	J C Munday


Registered number	01454225


Registered office	Parallel House
	32 London Road
	Guildford
	Surrey
	GU1 2AB


Accountant	Menzies LLP
	Chartered Accountants
	Victoria House
	50-58 Victoria Road
	Farnborough
	Hampshire
	GU14 7PG


Bankers	Handelsbanken
	Andrews House
	College Road
	Guildford
	GU1 4RG


	Barclays Bank Plc
	Ground Floor
	Tagus House
	Ocean Way
	Southampton
	SO14 2ZP


Solicitors	Pinsent Masons LLP
	30 Crown Place
	Earl Street
	London
	EC2A 4ES


	Charles Russell Speechlys LLP
	One London Square
	Cross Lanes
	Guildford, Surrey
	GU1 1UN


WILKY PROPERTY HOLDINGS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Statement of Changes in Equity	3
Notes to the Financial Statements	4 - 8


WILKY PROPERTY HOLDINGS LIMITED REGISTERED NUMBER:01454225

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		39,749		50,318
Investments	5		102		102
Investment property	6		10,543,872		10,543,872
			10,583,723		10,594,292
Current assets
Stocks		2,464,657		2,418,848
Debtors: amounts falling due within one year	7	66,592		61,326
Cash at bank and in hand		50		50
		2,531,299		2,480,224
Creditors: amounts falling due within one year	8	(559,519)		(629,167)
Net current assets			1,971,780		1,851,057
Total assets less current liabilities			12,555,503		12,445,349
Creditors: amounts falling due after more than one year	9		(1,150,000)		(1,150,000)

Net assets			11,405,503		11,295,349

Capital and reserves
Allotted, called up and fully paid share capital	250,000	250,000
Revaluation reserve	1,762,383	1,762,383
Profit and loss account	9,393,120	9,282,966
	11,405,503	11,295,349

Page 1


WILKY PROPERTY HOLDINGS LIMITED REGISTERED NUMBER:01454225

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ M R Young	................................................ J C Munday
Director	Director

Date: 17 November 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 2


WILKY PROPERTY HOLDINGS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2023	250,000	2,368,383	9,356,962	11,975,345

Loss for the year	-	-	(73,996)	(73,996)
Deficit on revaluation of freehold property	-	(606,000)	-	(606,000)

At 1 April 2024	250,000	1,762,383	9,282,966	11,295,349

Profit for the year	-	-	110,154	110,154
At 31 March 2025	250,000	1,762,383	9,393,120	11,405,503

The notes on pages 4 to 8 form part of these financial statements.

Page 3


WILKY PROPERTY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Wilky Property Holdings Limited is a private company limited by shares and incorporated and registered in England and Wales. The principal place of business is Fetcham Park, Lower Road, Fetcham, Leatherhead, KT22 9HD. The registered office is Parallel House, 32 London Road, Guildford, Surrey England, GU1 2AB.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

2.3

Turnover

Turnover represents amounts receivable for rent exclusive of Value Added Tax.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4


WILKY PROPERTY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

Between 5% and 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Investment property

Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
Investment properties are valued by the directors with reference to the values of similar properties in the local area.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.8

Stocks and work in progress

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on the estimated selling price less costs to completion and disposal. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Employees

The Company has no employees other than the Directors, who did not receive remuneration (2024 - £NIL).

Page 5


WILKY PROPERTY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Fixtures and Fittings
		£
	Cost or valuation
	At 1 April 2024	533,438
	Additions	2,014
	At 31 March 2025	535,452
	Depreciation
	At 1 April 2024	483,120
	Charge for the year	12,583
	At 31 March 2025	495,703
	Net book value
	At 31 March 2025	39,749
	At 31 March 2024	50,318

5.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	102
	At 31 March 2025	102

Page 6


WILKY PROPERTY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Investment property

	Investment property	Property under construction	Total
	£	£	£
Valuation
At 1 April 2024	10,324,646	219,226	10,543,872
At 31 March 2025	10,324,646	219,226	10,543,872

The fair value of London Road as at 31 March 2025 has been arrived at on the basis of a valuation carried out by an external third party on 14 June 2024, on an open market basis.

The fair value of the other investment properties has been arrived at on the basis of a valuation carried out by the Directors at 31 March 2025. The valuations were undertaken on an open market basis and were arrived at by reference to market evidence of transaction prices for similar properties. No depreciation is provided in respect of these properties.
On a historical cost basis the investment properties would have been £8,781,489 (2024 - £8,781,489).

Debtors

					2025	2024
					£	£


Trade debtors	8,594	10,489
Other debtors	1,553	1,566
Prepayments and accrued income	56,445	49,271
	66,592	61,326

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	81,978	74,954
Other taxation and social security	5,242	14,558
Other creditors	398,893	424,246
Accruals and deferred income	73,406	115,409
	559,519	629,167

Page 7


WILKY PROPERTY HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loan	1,150,000	1,150,000

The bank loan is secured over properties owned by the company, namely 32 and 34 London Road Guildford.

10.	Commitments under operating leases
	At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
		2025	2024
		£	£

Not later than 1 year	92,500	92,500
Later than 1 year and not later than 5 years	370,000	370,000
Later than 5 years	6,567,500	6,660,000
	7,030,000	7,122,500

Not later than 1 year	114,086	14,000
Later than 1 year and not later than 5 years	83,595	-
	197,681	14,000

12.	Parent Company

The immediate and ultimate parent company is the Wilky Group Limited, a company registered in England. The registered office address of the Wilky Group Limited is: Parallel House, 32 London Road, Guildford, Surrey, GU1 2AB.
The smallest and largest group in which the results of the company are consolidated is that headed by The Wilky Group Limited. Copies can be obtained from Companies House.
The Wilky Group Limited prepares consolidated financial statements and copies can be obtained from Companies House.

Page 8