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REGISTERED NUMBER: 11244813 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2022

for

Wheatleys (SPV) Ltd

Wheatleys (SPV) Ltd (Registered number: 11244813)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wheatleys (SPV) Ltd

Company Information
for the Year Ended 30 June 2022







DIRECTOR: C J O'Connell





REGISTERED OFFICE: Elmstone Court
Upper Minety
Malmesbury
Wiltshire
SN16 9PR





REGISTERED NUMBER: 11244813 (England and Wales)

Wheatleys (SPV) Ltd (Registered number: 11244813)

Balance Sheet
30 June 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks - 3,651,438
Debtors 4 387,043 75,149
Cash at bank and in hand 200 383
387,243 3,726,970
CREDITORS
Amounts falling due within one year 5 1,285,254 3,172,427
NET CURRENT (LIABILITIES)/ASSETS (898,011 ) 554,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

(898,011

)

554,543

CREDITORS
Amounts falling due after more than one
year

6

937,000

949,112
NET LIABILITIES (1,835,011 ) (394,569 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (1,835,211 ) (394,769 )
(1,835,011 ) (394,569 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Wheatleys (SPV) Ltd (Registered number: 11244813)

Balance Sheet - continued
30 June 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2023 and were signed by:





C J O'Connell - Director


Wheatleys (SPV) Ltd (Registered number: 11244813)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Wheatleys (SPV) Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Wheatleys (SPV) Ltd (Registered number: 11244813)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments, including trade and other receivables and payables, cash and bank balances, bank loans and loans to or from other group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,712 -
Other debtors 384,331 75,149
387,043 75,149

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1 -
Trade creditors 350 25,629
Other creditors 1,284,903 3,146,798
1,285,254 3,172,427

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Other creditors 937,000 949,112