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REGISTERED NUMBER: 04145374 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WIGGENHALL PROPERTIES LIMITED

WIGGENHALL PROPERTIES LIMITED (REGISTERED NUMBER: 04145374)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIGGENHALL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M W Alexander
Mrs S L Alexander





SECRETARY: M W Alexander





REGISTERED OFFICE: The Barns
42 Church Road
Tilney St Lawrence
Kings Lynn
Norfolk
PE34 4QQ





REGISTERED NUMBER: 04145374 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

WIGGENHALL PROPERTIES LIMITED (REGISTERED NUMBER: 04145374)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 135,000 120,000

CURRENT ASSETS
Debtors 5 39,673 20,496
Cash at bank 3,472 24,099
43,145 44,595
CREDITORS
Amounts falling due within one year 6 - 201
NET CURRENT ASSETS 43,145 44,394
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,145

164,394

CREDITORS
Amounts falling due after more than one
year

7

(73,409

)

(73,409

)

PROVISIONS FOR LIABILITIES (18,349 ) (14,134 )
NET ASSETS 86,387 76,851

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 80,399 69,614
Retained earnings 5,986 7,235
SHAREHOLDERS' FUNDS 86,387 76,851

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

WIGGENHALL PROPERTIES LIMITED (REGISTERED NUMBER: 04145374)

BALANCE SHEET - continued
31 DECEMBER 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 19 August 2024 and were signed on its behalf by:





M W Alexander - Director


WIGGENHALL PROPERTIES LIMITED (REGISTERED NUMBER: 04145374)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Wiggenhall Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Investment property
Investment property is carried at fair value determined annually by external valuers or based on the opinion of
the board of directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

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.

Turnover
The company's turnover represents the rents receivable on investment properties.

Consolidation
The parent company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

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

WIGGENHALL PROPERTIES LIMITED (REGISTERED NUMBER: 04145374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 120,000
Revaluations 15,000
At 31 December 2023 135,000
NET BOOK VALUE
At 31 December 2023 135,000
At 31 December 2022 120,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 135,000

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

31.12.23 31.12.22
£    £   
Cost 36,252 36,252

The investment property was valued on an open market basis on 31 December 2023 by the directors .

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Other debtors 189 199

Amounts falling due after more than one year:
Other debtors 39,484 20,297

Aggregate amounts 39,673 20,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security - 201

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 73,409 73,409

WIGGENHALL PROPERTIES LIMITED (REGISTERED NUMBER: 04145374)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 73,409 73,409

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023 69,614
Reclassification 10,785

At 31 December 2023 80,399