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 2020 |
| for |
| Wheatcroft Land Limited |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Wheatcroft Land Limited |
| Company Information |
| for the Year Ended 30 September 2020 |
| 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 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| 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 |
| 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 2020 |
| 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 |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2020 |
| 1. | STATUTORY INFORMATION |
| Wheatcroft Land Limited is a |
| 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 | - |
| Government grants |
| Revenue grants are recognised in the profit and loss account so as to match them with the expenditure |
| towards which they are intended to contribute. |
| 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. |
| 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 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2019 |
| Additions |
| At 30 September 2020 |
| DEPRECIATION |
| At 1 October 2019 |
| Charge for year |
| At 30 September 2020 |
| NET BOOK VALUE |
| At 30 September 2020 |
| At 30 September 2019 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 October 2019 |
| Additions |
| At 30 September 2020 |
| NET BOOK VALUE |
| At 30 September 2020 |
| At 30 September 2019 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2019 |
| and 30 September 2020 |
| NET BOOK VALUE |
| At 30 September 2020 |
| At 30 September 2019 |
| Fair value at 30 September 2020 is represented by: |
| £ |
| Valuation in 2020 | 4,180,000 |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2020 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2020 | 2019 |
| £ | £ |
| Cost | 898,233 | 898,233 |
| Aggregate depreciation | (467,082 | ) | (449,117 | ) |
| Investment properties were valued on a fair value basis on 30 September 2020 by the director . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Amounts owed by related parties |
| Other debtors |
| Director's current account | 20,500 | 38,023 |
| Tax |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Bank loans and overdrafts |
| Pension fund loan account |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Accruals and deferred income |
| 9. | LEASING AGREEMENTS |
| The minimum lease payments on non-cancellable operating leases committed to being received are £1,012,500 (2019 - £1,282,500). |
| 10. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | 494,801 | 494,801 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2019 |
| Balance at 30 September 2020 |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2020 |
| 11. | RESERVES |
| Fair | Capital |
| Retained | value | redemption |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 October 2019 | 7,911,602 |
| Deficit for the year | ( |
) | ( |
) |
| Dividends | ( |
) | ( |
) |
| At 30 September 2020 | 7,695,062 |