Wildes Education Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07952549 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

WILDES EDUCATION LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E Wildes

M A Wildes

SECRETARY:

M A Wildes

REGISTERED OFFICE:

Holiday Inn Express

The Kings Gap

Hoylake

Wirral

England

CH47 1HE

REGISTERED NUMBER:

07952549 (England and Wales)

ACCOUNTANTS:

McLintocks Partnership Limited

Chartered Accountants

2 Hilliards Court

Chester Business Park

Chester

Cheshire

CH4 9PX

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

864

43,210

Investments

6

500,000

500,000

500,865

543,211

CURRENT ASSETS

Debtors

1,382,016

1,596,285

CREDITORS

Amounts falling due within one year

273,767

561,799

NET CURRENT ASSETS

1,108,249

1,034,486

TOTAL ASSETS LESS CURRENT LIABILITIES

1,609,114

1,577,697

CREDITORS

Amounts falling due after more than one year

-

20,366

NET ASSETS

1,609,114

1,557,331

CAPITAL AND RESERVES

Called up share capital

500,001

500,001

Retained earnings

1,109,113

1,057,330

SHAREHOLDERS' FUNDS

1,609,114

1,557,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 December 2018 and were signed on its behalf by:

P E Wildes - Director

1.	STATUTORY INFORMATION

Wildes Education Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales tax.

Where income is specifically contracted for, the full amount of income is recognised with

appropriate provision for accrued costs.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

30% on cost

Computer equipment

-

30% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 39 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

1

NET BOOK VALUE

At 31 March 2018

1

At 31 March 2017

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

184,511

Disposals

(46,605

)

At 31 March 2018

137,906

DEPRECIATION

At 1 April 2017

141,301

Charge for year

9,741

Eliminated on disposal

(14,000

)

At 31 March 2018

137,042

NET BOOK VALUE

At 31 March 2018

864

At 31 March 2017

43,210

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2017

and 31 March 2018

500,000

NET BOOK VALUE

At 31 March 2018

500,000

At 31 March 2017

500,000

The company holds shares in Blackmore Branded Commercial Opportunities Fund. At a

shareholders meeting on 14 September 2016 the directors put forward a proposal to close

the company and distribute proceeds to shareholders in accordance with Article 391(1) (b) of

part XXII of the Companies (Guernsey) Law, 2008.

7.	RELATED PARTY DISCLOSURES

During the year the following transactions were entered into with companies P E Wildes held

an interest in.

A loan was advanced to W Investment Group Limited. As at 31 March 2018, the balance

remaining was £1,098,490 (2017: £1,098,490)

A loan was advanced to Van Dyk Country House Hotel Limited. As at 31 March 2018, the

balance remaining was £26,332 (2017: £NIL)

A loan was advanced from P Wildes Group Limited. As at 31 March 2018, the balance

remaining was £NIL (2017: £257,334 )

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of Wildes Education Limited is P E Wildes.