Wheatcroft Land Limited - Accounts to registrar (filleted) - small 18.2
Wheatcroft Land Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 30 September 2019 |
| for |
| Wheatcroft Land Limited |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Wheatcroft Land Limited |
| Company Information |
| for the Year Ended 30 September 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Mills |
| Canal Street |
| Derby |
| DE1 2RJ |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Balance Sheet |
| 30 September 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 10 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 11 |
| Capital redemption reserve | 11 |
| Retained earnings | 11 | 4,313,478 | 3,828,092 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Balance Sheet - continued |
| 30 September 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the director and authorised for issue on signed by: |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2019 |
| 1. | STATUTORY INFORMATION |
| Wheatcroft Land Limited is a |
| The company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents sales of property and rental income receivable, excluding value added tax. |
| Rentals from operating leases are credited to revenue over the period to which they relate. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| Investment property is not depreciated but is revalued annually at its fair value, 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". Any aggregate surplus or deficit |
| arising from changes in fair value is recognised in profit or loss and transferred to a fair value |
| reserve. |
| Work in progress |
| Work in progress is valued at the lower of cost and net realisable value. The cost of work in progress |
| includes all construction overheads, depreciation and the attributable proportion of indirect overheads |
| based on normal activity levels. Net realisable value is based on expected selling value less further |
| costs expected to be incurred in completion and disposal. |
| Deferred tax |
| Provision is made at current rates for taxation deferred in respect of all material timing differences, |
| including provisions made for potential tax arising on assets which have been revalued. |
| Options to purchase land |
| Options are recognised within stock at the lower of cost and net realisable value. |
| Investments |
| Unlisted investments are stated at cost less any permanent diminution in value. |
| Group accounts |
| In accordance with the exemptions given by the Companies Act 2006, the company has not produced |
| group financial statements because it heads a small group. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2018 |
| Additions |
| At 30 September 2019 |
| DEPRECIATION |
| At 1 October 2018 |
| Charge for year |
| At 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| At 30 September 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| Additions |
| At 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2018 |
| Revaluations | (795,000 | ) |
| At 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| At 30 September 2018 |
| Fair value at 30 September 2019 is represented by: |
| £ |
| Valuation in 2019 | 4,180,000 |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2019 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment properties had not been revalued they would have been included at the following |
| historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 898,233 | 898,233 |
| Aggregate depreciation | (449,117 | ) | (431,152 | ) |
| Investment properties were valued on a fair value basis on 28 February 2019 by Fisher Hargreaves Proctor |
| . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by related parties |
| Other debtors |
| Director's current account | 38,023 | - |
| Tax |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Director's current account | - | 2,000 |
| Accruals and deferred income |
| Accrued expenses |
| 9. | LEASING AGREEMENTS |
| The minimum lease payments on non-cancellable operating leases committed to being received are |
| £1,282,500 (2018 - £202,500). |
| 10. | PROVISIONS FOR LIABILITIES |
| 2019 | 2018 |
| £ | £ |
| Deferred tax | 494,801 | 645,851 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2018 |
| Provided during year | ( |
) |
| Balance at 30 September 2019 |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2019 |
| 11. | RESERVES |
| Fair | Capital |
| Retained | value | redemption |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 October 2018 | 8,070,166 |
| Deficit for the year | ( |
) | ( |
) |
| Dividends | ( |
) | ( |
) |
| Revaluation in year | 795,000 | (795,000 | ) | - | - |
| Deferred tax | (151,050 | ) | 151,050 | - | - |
| At 30 September 2019 | 7,911,602 |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| During the year a net advance of £38,023 was made to the director. This amount was interest free |
| and repayable on demand. |