Wigton Homes Limited Filleted accounts for Companies House (small and micro)

WIGTON HOMES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 13287206

WIGTON HOMES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

31 March 2022

WIGTON HOMES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2022

	31 Mar 22
Note	£	£

FIXED ASSETS

Tangible assets	4		86,592

CURRENT ASSETS

Debtors	5	10,950
Cash at bank and in hand		532
		--------
		11,482

CREDITORS: amounts falling due within one year	6	( 22,512)
		--------
NET CURRENT LIABILITIES			( 11,030)
			--------
TOTAL ASSETS LESS CURRENT LIABILITIES			75,562

CREDITORS: amounts falling due after more than one year	7	( 82,500)
		--------
NET LIABILITIES		( 6,938)
		--------

CAPITAL AND RESERVES

Called up share capital		1
Profit and loss account		( 6,939)
		-------
SHAREHOLDERS DEFICIT		( 6,938)
		-------

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.

For the period ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WIGTON HOMES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2022

These financial statements were approved by the board of directors and authorised for issue on 20 December 2022 , and are signed on behalf of the board by:

N C Statman
Director

Company registration number: 13287206

WIGTON HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 23 MARCH 2021 TO 31 MARCH 2022

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 141 Wigton Lane, Leeds, LS17 8SH, England.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.

Revenue recognition

Turnover comprises revenue recognised by the Company in respect of rental income received.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. TANGIBLE ASSETS

	Investment property
	£
Cost
At 23 March 2021	–
Additions	86,592
	--------
At 31 March 2022	86,592
	--------
Depreciation
At 23 March 2021 and 31 March 2022	–
	--------
Carrying amount
At 31 March 2022	86,592
	--------

Included within the above is investment property as follows:

	£
At 23 March 2021	–
Additions	86,592
	--------
At 31 March 2022	86,592
	--------

The market value of the investment property held as at 31st March 2022 has been calculated by the director, and has been valued at open market value.

5. DEBTORS

	31 Mar 22
	£
Other debtors	10,950
	--------

6. CREDITORS: amounts falling due within one year

	31 Mar 22
	£
Amounts due to related companies	7,712
Other creditors	14,800
	--------
	22,512
	--------

7. CREDITORS: amounts falling due after more than one year

	31 Mar 22
	£
Bank loans and overdrafts	82,500
	--------