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REGISTERED NUMBER: 00794854 (England and Wales)















Unaudited Financial Statements

for the Period 1 January 2022 to 31 May 2023

for

The Wigley Group Limited

The Wigley Group Limited (Registered number: 00794854)






Contents of the Financial Statements
for the Period 1 January 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

The Wigley Group Limited

Company Information
for the Period 1 January 2022 to 31 May 2023







DIRECTORS: R J Wigley
J M Davies
Miss A Brocklehurst
J B Ellerington
J A Polo-Richards
Ms C A Lynch
A Dent





REGISTERED OFFICE: Stockton House
Rugby Road
Stockton
Southam
CV47 8LB





REGISTERED NUMBER: 00794854 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

The Wigley Group Limited (Registered number: 00794854)

Balance Sheet
31 May 2023

31.5.23 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 292,670 299,741
Investments 5 5,053 5,053
Investment property 6 26,212,714 33,833,002
26,510,437 34,137,796

CURRENT ASSETS
Stocks 1,216,398 264,994
Debtors 7 5,519,585 1,590,966
Cash at bank and in hand 1,785,077 1,555,021
8,521,060 3,410,981
CREDITORS
Amounts falling due within one year 8 14,976,641 14,488,000
NET CURRENT LIABILITIES (6,455,581 ) (11,077,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,054,856

23,060,777

CREDITORS
Amounts falling due after more than one year 9 7,000,000 10,000,000
NET ASSETS 13,054,856 13,060,777

CAPITAL AND RESERVES
Called up share capital 25,516 25,516
Capital redemption reserve 1,331 1,331
Retained earnings 13,028,009 13,033,930
SHAREHOLDERS' FUNDS 13,054,856 13,060,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 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 Wigley Group Limited (Registered number: 00794854)

Balance Sheet - continued
31 May 2023


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 Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





R J Wigley - Director


The Wigley Group Limited (Registered number: 00794854)

Notes to the Financial Statements
for the Period 1 January 2022 to 31 May 2023

1. STATUTORY INFORMATION

The Wigley Group 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.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 period 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.


The Wigley Group Limited (Registered number: 00794854)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 28 (2021 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2022 70,000 124,690 154,303
Additions - 50,988 -
Disposals - - -
At 31 May 2023 70,000 175,678 154,303
DEPRECIATION
At 1 January 2022 - 110,285 56,145
Charge for period - 14,171 20,858
Eliminated on disposal - - -
At 31 May 2023 - 124,456 77,003
NET BOOK VALUE
At 31 May 2023 70,000 51,222 77,300
At 31 December 2021 70,000 14,405 98,158

The Wigley Group Limited (Registered number: 00794854)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 May 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2022 203,586 73,070 625,649
Additions 30,375 14,206 95,569
Disposals (43,719 ) - (43,719 )
At 31 May 2023 190,242 87,276 677,499
DEPRECIATION
At 1 January 2022 105,422 54,056 325,908
Charge for period 37,611 11,498 84,138
Eliminated on disposal (25,217 ) - (25,217 )
At 31 May 2023 117,816 65,554 384,829
NET BOOK VALUE
At 31 May 2023 72,426 21,722 292,670
At 31 December 2021 98,164 19,014 299,741

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2022
and 31 May 2023 5,053
NET BOOK VALUE
At 31 May 2023 5,053
At 31 December 2021 5,053

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 33,833,002
Additions 3,308,463
Disposals (10,928,751 )
At 31 May 2023 26,212,714
NET BOOK VALUE
At 31 May 2023 26,212,714
At 31 December 2021 33,833,002

The Wigley Group Limited (Registered number: 00794854)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 31 May 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.12.21
£    £   
Trade debtors 650,518 368,013
Other debtors 4,869,067 1,222,953
5,519,585 1,590,966

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.12.21
£    £   
Trade creditors 427,298 196,644
Taxation and social security 109,406 39,330
Other creditors 14,439,937 14,252,026
14,976,641 14,488,000

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.12.21
£    £   
Bank loans 7,000,000 10,000,000

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Wigley Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Wigley Group Limited for the period ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of The Wigley Group Limited, as a body, in accordance with the terms of our engagement letter dated 21 January 2016. Our work has been undertaken solely to prepare for your approval the financial statements of The Wigley Group Limited and state those matters that we have agreed to state to the Board of Directors of The Wigley Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Wigley Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Wigley Group Limited. You consider that The Wigley Group Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of The Wigley Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


15 February 2024