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REGISTERED NUMBER: 12696525 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

WHEATLEY PROPERTY HOLDINGS LTD

WHEATLEY PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 12696525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WHEATLEY PROPERTY HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr R T Wheatley
Mr C E Wheatley





REGISTERED OFFICE: Unit 6, Riverside Business Centre
Brighton Road
Shoreham-by-Sea
West Sussex
BN43 6RE





REGISTERED NUMBER: 12696525 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

WHEATLEY PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 12696525)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 420,000 214,776

CURRENT ASSETS
Debtors 5 8,389 -
Cash at bank 321 4,476
8,710 4,476
CREDITORS
Amounts falling due within one year 6 (112,895 ) (79,569 )
NET CURRENT LIABILITIES (104,185 ) (75,093 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,815

139,683

CREDITORS
Amounts falling due after more than one
year

7

(232,836

)

(137,865

)

PROVISIONS FOR LIABILITIES 9 (22,462 ) (345 )
NET ASSETS 60,517 1,473

CAPITAL AND RESERVES
Called up share capital 1 2
Fair value reserve 10 95,759 23,421
Retained earnings (35,243 ) (21,950 )
SHAREHOLDERS' FUNDS 60,517 1,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WHEATLEY PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 12696525)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by:





Mr R T Wheatley - Director


WHEATLEY PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 12696525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Wheatley Property Holdings 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable on investment properties for the accounting period

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

WHEATLEY PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 12696525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 214,776
Additions 115,918
Revaluations 89,306
At 30 June 2023 420,000
NET BOOK VALUE
At 30 June 2023 420,000
At 30 June 2022 214,776

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2022 28,915
Valuation in 2023 89,305
Cost 301,780
420,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 301,780 185,862

Investment property was valued on an open market basis on 30 June 2023 by R Wheatley .

The first property was valued at £98,311 in the financial accounts for 2021, the property has been valued at £109,437 on the 30th June 2022, the property has been valued at £140,000 on the 30th June 2023

The second property was valued at £87,550 in the financial accounts for 2021, the property has been valued at £105,339 on the 30th June 2022. the property has been valued at £140,000 on the 30th June 2023

The third property was valued at £140,000 in the financial accounts for 2023

The combined value of the properties at the financial year end is £420,000.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,389 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 112,895 79,569

WHEATLEY PROPERTY HOLDINGS LTD (REGISTERED NUMBER: 12696525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 232,836 137,865

Amounts falling due in more than five years:

Repayable by instalments
Mortgage - 38 ES 64,982 64,995
Mortgage - 10FS 86,191 72,870
Mortgage - 5 Witham 81,663 -
232,836 137,865

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 232,836 137,865

The mortgages are secured charges over the assets in the company, including the investment properties.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 22,462 345

Deferred
tax
£   
Balance at 1 July 2022 345
Deferred tax on revaluation of
investment property 16,968
Deferred tax on losses 5,149
Balance at 30 June 2023 22,462

10. RESERVES
Fair
value
reserve
£   
At 1 July 2022 23,421
Non-distributable reserve 72,338

At 30 June 2023 95,759