Wheatcroft Land Limited - Accounts to registrar (filleted) - small 22.3
Wheatcroft Land Limited - Accounts to registrar (filleted) - small 22.3
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 30 September 2022 |
| for |
| Wheatcroft Land Limited |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Wheatcroft Land Limited |
| Company Information |
| for the Year Ended 30 September 2022 |
| 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 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 12 |
| Capital redemption reserve | 12 |
| Retained earnings | 12 |
| 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 2022 |
| 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 2022 |
| 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 | - |
| 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. |
| 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 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2021 |
| Additions |
| At 30 September 2022 |
| DEPRECIATION |
| At 1 October 2021 |
| Charge for year |
| At 30 September 2022 |
| NET BOOK VALUE |
| At 30 September 2022 |
| At 30 September 2021 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 October 2021 |
| Additions |
| At 30 September 2022 |
| NET BOOK VALUE |
| At 30 September 2022 |
| At 30 September 2021 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2021 |
| and 30 September 2022 |
| NET BOOK VALUE |
| At 30 September 2022 |
| At 30 September 2021 |
| Fair value at 30 September 2022 is represented by: |
| £ |
| Valuation in 2022 | 4,180,000 |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2022 |
| 6. | INVESTMENT PROPERTY - continued |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2022 | 2021 |
| £ | £ |
| Cost | 898,233 | 898,233 |
| Aggregate depreciation | (503,012 | ) | (485,047 | ) |
| Investment properties were valued on a fair value basis on 30 September 2022 by the director . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Director's current account | 113 | 1,400 |
| Tax |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Pension fund loan account |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Pension fund loan account |
| 10. | LEASING AGREEMENTS |
| The minimum lease payments on non-cancellable operating leases committed to being received are £472,500 (2021 - £742,500). |
| 11. | PROVISIONS FOR LIABILITIES |
| 2022 | 2021 |
| £ | £ |
| Deferred tax | 651,055 | 494,801 |
| Wheatcroft Land Limited (Registered number: 02451400) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2022 |
| 11. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2021 |
| Provided during year |
| Balance at 30 September 2022 |
| 12. | RESERVES |
| Fair | Capital |
| Retained | value | redemption |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 October 2021 | 7,785,076 |
| Deficit for the year | ( |
) | ( |
) |
| Dividends | ( |
) | ( |
) |
| Deferred tax | 156,253 | (156,253 | ) | - | - |
| At 30 September 2022 | 7,637,615 |
| 13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| During the year a net advance of £113 was made to the director. This amount was interest free and repayable on demand. |