Wildmoor Properties Limited 13051772 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is letting residential investment properties Digita Accounts Production Advanced 6.30.9574.0 true true 13051772 2022-12-01 2023-11-30 13051772 2023-11-30 13051772 bus:OrdinaryShareClass1 2023-11-30 13051772 core:RetainedEarningsAccumulatedLosses 2023-11-30 13051772 core:ShareCapital 2023-11-30 13051772 core:CurrentFinancialInstruments 2023-11-30 13051772 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 13051772 core:MotorVehicles 2023-11-30 13051772 bus:SmallEntities 2022-12-01 2023-11-30 13051772 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13051772 bus:FullAccounts 2022-12-01 2023-11-30 13051772 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13051772 bus:RegisteredOffice 2022-12-01 2023-11-30 13051772 bus:Director1 2022-12-01 2023-11-30 13051772 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 13051772 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13051772 core:MotorCars 2022-12-01 2023-11-30 13051772 core:MotorVehicles 2022-12-01 2023-11-30 13051772 countries:EnglandWales 2022-12-01 2023-11-30 13051772 2022-11-30 13051772 core:MotorVehicles 2022-11-30 13051772 2021-12-01 2022-11-30 13051772 2022-11-30 13051772 bus:OrdinaryShareClass1 2022-11-30 13051772 core:RetainedEarningsAccumulatedLosses 2022-11-30 13051772 core:ShareCapital 2022-11-30 13051772 core:CurrentFinancialInstruments 2022-11-30 13051772 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 13051772 core:MotorVehicles 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13051772

Wildmoor Properties Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Wildmoor Properties Limited

(Registration number: 13051772)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10,470

12,320

Investment property

5

707,545

707,545

 

718,015

719,865

Current assets

 

Debtors

6

322

244

Cash at bank and in hand

 

8,863

4,307

 

9,185

4,551

Creditors: Amounts falling due within one year

7

(724,135)

(720,902)

Net current liabilities

 

(714,950)

(716,351)

Net assets

 

3,065

3,514

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

3,063

3,512

Shareholders' funds

 

3,065

3,514

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 Section 1A.

Approved and authorised by the Board on 8 March 2024 and signed on its behalf by:
 

.........................................
Mrs N Bowman
Director

   
 

Wildmoor Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 8 Pinefields Close, Crowthorne, RG45 7PE, England.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Wildmoor Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2

Accounting policies (continued)

Asset class

Depreciation method and rate

Motor vehicles

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Wildmoor Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

14,500

14,500

At 30 November 2023

14,500

14,500

Depreciation

At 1 December 2022

2,180

2,180

Charge for the year

1,850

1,850

At 30 November 2023

4,030

4,030

Carrying amount

At 30 November 2023

10,470

10,470

At 30 November 2022

12,320

12,320

5

Investment properties

2023
£

At 1 December

707,545

At 30 November

707,545

There has been no valuation of investment property by an independent valuer.

 

Wildmoor Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Debtors

Current

2023
£

2022
£

Prepayments

230

230

Other debtors

92

14

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Directors current accounts

722,995

719,828

Other creditors

1,140

1,074

724,135

720,902

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2