Wigeon Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11928617 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

FOR

WIGEON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Saville

Mrs S Saville

REGISTERED OFFICE:

Adelaide House

47 Blunham Road

Chalton

Moggerhanger

Bedfordshire

MK44 3RA

REGISTERED NUMBER:

11928617 (England and Wales)

ACCOUNTANTS:

Fortus Midlands Limited

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Tangible assets

4

428,708

430,195

CURRENT ASSETS

Cash at bank

28,474

1,397

CREDITORS

Amounts falling due within one year

5

6,241

3,084

NET CURRENT ASSETS/(LIABILITIES)

22,233

(1,687

)

TOTAL ASSETS LESS CURRENT LIABILITIES

450,941

428,508

CREDITORS

Amounts falling due after more than one year

6

437,000

437,000

NET ASSETS/(LIABILITIES)

13,941

(8,492

)

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

13,741

(8,692

)

SHAREHOLDERS' FUNDS

13,941

(8,492

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2021 and were signed on its behalf by:

Mrs S Saville - Director

1.	STATUTORY INFORMATION

Wigeon 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

Nil

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative amount at the balance sheet date. The directors has confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.

Government grants

Government grants that become receivable as compensation forexpensesor losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2020

and 30 April 2021

425,736

5,945

431,681

DEPRECIATION

At 1 May 2020

-

1,486

1,486

Charge for year

-

1,487

1,487

At 30 April 2021

-

2,973

2,973

NET BOOK VALUE

At 30 April 2021

425,736

2,972

428,708

At 30 April 2020

425,736

4,459

430,195

The asset held is a long leasehold property until 31 May 2183 purchased by the company during the period as a furnished holiday let it is shown at cost including the integral features

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

(1

)

1,008

Taxation and social security

1,164

-

Other creditors

5,078

2,076

6,241

3,084

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

437,000

437,000

The funds are those invested by the directors to purchase the property, repayment terms & interest

payable will determined in due course

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

1

100

100

50

A

1

50

50

50

B

1

50

50

200

200

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of S Saville and M Saville who own 50% of the share capital.

9.	GOING CONCERN - COVID

The directors have considered the impact of COVID-19 in relation to their assessment of going concern and in their opinion have taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.