Wilmond Limited 31/03/2025 iXBRL

Company registration number: 04514908

Wilmond Limited

Unaudited filleted financial statements

31 March 2025

Wilmond Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Wilmond Limited

Directors and other information


	Directors	Mr P Huthwaite
		Ms J Huthwaite


	Secretary	Ms J Huthwaite


	Company number	04514908


	Registered office	43 Bury Mead Road
		Hitchin
		Hertfordshire
		SG5 1RT


	Accountants	Hicks and Company
		Chartered Accountants
		First Floor
		99 Bancroft
		Hitchin
		Hertfordshire
		SG5 1NQ

Wilmond Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Wilmond Limited

Period ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wilmond Limited for the period ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Wilmond Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Wilmond Limited and state those matters that we have agreed to state to the board of directors of Wilmond Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wilmond Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Wilmond Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wilmond Limited. You consider that Wilmond Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Wilmond Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

First Floor

99 Bancroft

Hitchin

Hertfordshire

SG5 1NQ

4 November 2025

Wilmond Limited

Statement of financial position

31 March 2025

		31/03/25		31/08/24
	Note	£	£	£	£

Fixed assets
Tangible assets	4	676,119		676,211
		_______		_______
			676,119		676,211

Current assets
Debtors	5	11,014		18,109
Cash at bank and in hand		91,915		85,164
		_______		_______
		102,929		103,273
Creditors: amounts falling due
within one year	6	( 22,486)		( 23,302)
		_______		_______
Net current assets			80,443		79,971
			_______		_______
Total assets less current liabilities			756,562		756,182


Provisions for liabilities			( 107,041)		( 107,041)

			_______		_______
Net assets			649,521		649,141
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Fair value reserve			404,706		404,706
Profit and loss account			243,815		243,435
			_______		_______
Shareholders funds			649,521		649,141
			_______		_______

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 04 November 2025 , and are signed on behalf of the board by:

Mr P Huthwaite

Director

Company registration number: 04514908

Wilmond Limited

Statement of changes in equity

Period ended 31 March 2025

	Called up share capital	Fair value reserve	Profit and loss account	Total
	£	£	£	£


At 1 September 2023	1,000	235,956	229,071	466,027

Profit for the period			183,114	183,114
Other comprehensive income for the period:
Reclassification from fair value reserve to profit and loss account		225,000	(225,000)	-
Tax relating to components of other comprehensive income		( 56,250)	56,250	-
	_______	_______	_______	_______
Total comprehensive income for the period	-	168,750	14,364	183,114

	_______	_______	_______	_______
At 31 August 2024 and 1 September 2024	1,000	404,706	243,435	649,141

Profit for the period			380	380
	_______	_______	_______	_______
Total comprehensive income for the period	-	-	380	380

	_______	_______	_______	_______
At 31 March 2025	1,000	404,706	243,815	649,521
	_______	_______	_______	_______

Wilmond Limited

Notes to the financial statements

Period ended 31 March 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 43 Bury Mead Road, Hitchin, Hertfordshire, SG5 1RT.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and 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.

Turnover

Turnover represents rental income, and recharged expenses which are incldued on an accruals basis.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.

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:


Short leashold land	-	Over the lease term

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Freehold invesment property	Short leasehold property	Total
	£	£	£
Cost
At 1 September 2024 and 31 March 2025	675,000	2,753	677,753
	_______	_______	_______
Depreciation
At 1 September 2024	-	1,542	1,542
Charge for the year	-	92	92
	_______	_______	_______
At 31 March 2025	-	1,634	1,634
	_______	_______	_______
Carrying amount
At 31 March 2025	675,000	1,119	676,119
	_______	_______	_______
At 31 August 2024	675,000	1,211	676,211
	_______	_______	_______

Investment property

The fair value of the freehold investment properties have been arrived at one the basis of valuations carried out by the directors of the company. The valuations were made on an open market, value evidence basis for existing use on 31st March 2025.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


	Freehold property	Total
	£	£
At 31 March 2025
Aggregate cost	163,253	163,253
Aggregate depreciation	-	-
	_______	_______
Carrying amount	163,253	163,253
	_______	_______

At 31 August 2024
Aggregate cost	163,253	163,253
Aggregate depreciation	-	-
	_______	_______
Carrying amount	163,253	163,253
	_______	_______

5. Debtors

	31/03/25	31/08/24
	£	£
Trade debtors	2,607	8,115
Other debtors	8,407	9,994
	_______	_______
	11,014	18,109
	_______	_______

6. Creditors: amounts falling due within one year

	31/03/25	31/08/24
	£	£
Trade creditors	877	1,993
Corporation tax	3,621	3,511
Other creditors	17,988	17,798
	_______	_______
	22,486	23,302
	_______	_______

7. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	805	805
Later than 1 year and not later than 5 years	3,220	3,220
Later than 5 years	6,150	6,588
	_______	_______
	10,175	10,613
	_______	_______

8. Directors advances, credits and guarantees

	Balance brought forward and o/standing	Balance brought forward and o/standing
	Period	Year
	ended	ended
	31/03/25	31/08/24
	£	£
Ms J Huthwaite	13,001	13,001
	_______	_______

The above existing loan is unsecured, interest free and repayable on demand.