Wheatcroft Land (Moira) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11571658 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2021

for

Wheatcroft Land (Moira) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs C L Haward

REGISTERED OFFICE:

Suite 1

Woodside House

218 London Road

Leicester

Leicestershire

LE2 1NE

REGISTERED NUMBER:

11571658 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

CURRENT ASSETS

Stocks

-

1,434,348

Debtors

4

92,818

14,176

Cash at bank

167,057

28,159

259,875

1,476,683

CREDITORS

Amounts falling due within one year

5

74,648

1,585,065

NET CURRENT ASSETS/(LIABILITIES)

185,227

(108,382

)

TOTAL ASSETS LESS CURRENT LIABILITIES

185,227

(108,382

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

185,127

(108,482

)

SHAREHOLDERS' FUNDS

185,227

(108,382

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 27 June 2022 and were signed by:

Mrs C L Haward - Director

1.	STATUTORY INFORMATION

Wheatcroft Land (Moira) 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

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.

Options to purchase land

Options are recognised within stock at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

2,044

Amounts owed by group undertakings

92,262

200

Other debtors

556

11,135

Prepayments

-

797

92,818

14,176

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

-

753,660

Trade creditors

5,386

9,968

Amounts owed to group undertakings

200

815,017

Tax

66,129

-

Social security and other taxes

433

-

Other creditors

-

3,500

Accrued expenses

2,500

2,920

74,648

1,585,065

6.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

-

753,660