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REGISTERED NUMBER: 10129510 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Wignall Properties Ltd

Wignall Properties Ltd (Registered number: 10129510)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wignall Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J M Wignall





REGISTERED OFFICE: 151 Robertson Road
Bristol
BS5 6LB





REGISTERED NUMBER: 10129510 (England and Wales)





ACCOUNTANT: Tony Dicker & Co
Chartered Accountants
29 Courtenay Road
Keynsham
Bristol
BS31 1JU

Wignall Properties Ltd (Registered number: 10129510)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,810,000 1,210,322

CURRENT ASSETS
Debtors 5 10,000 -
Cash at bank 58,645 114,173
68,645 114,173
CREDITORS
Amounts falling due within one year 6 51,754 47,604
NET CURRENT ASSETS 16,891 66,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,826,891

1,276,891

CREDITORS
Amounts falling due after more than one
year

7

(1,227,306

)

(1,007,554

)

PROVISIONS FOR LIABILITIES (119,766 ) (46,942 )
NET ASSETS 479,819 222,395

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 418,597 200,123
Retained earnings 61,221 22,271
479,819 222,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Wignall Properties Ltd (Registered number: 10129510)

Balance Sheet - continued
31 March 2024


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 24 April 2024 and were signed by:





J M Wignall - Director


Wignall Properties Ltd (Registered number: 10129510)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Wignall Properties 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Wignall Properties Ltd (Registered number: 10129510)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,210,184 743 1,210,927
Additions 308,518 - 308,518
Revaluations 291,298 - 291,298
At 31 March 2024 1,810,000 743 1,810,743
DEPRECIATION
At 1 April 2023 - 605 605
Charge for year - 138 138
At 31 March 2024 - 743 743
NET BOOK VALUE
At 31 March 2024 1,810,000 - 1,810,000
At 31 March 2023 1,210,184 138 1,210,322

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 1,810,000 - 1,810,000
Cost - 743 743
1,810,000 743 1,810,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 10,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 1,278 1,202
Trade creditors (1 ) (1 )
Taxation and social security 10,794 6,768
Other creditors 39,683 39,635
51,754 47,604

Wignall Properties Ltd (Registered number: 10129510)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1,062,053 842,301
Other creditors 165,253 165,253
1,227,306 1,007,554

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,059,740 838,740

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,063,331 843,503

The bank loans referred to above include interest only mortgages of £1,059,740 secured on the properties owned by the company .

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 200,123
Freehold property revaluation
surplus 291,298
Deferred tax on freehold
property revaluation surplus (72,824 )

At 31 March 2024 418,597

10. RELATED PARTY DISCLOSURES

Included in other creditors listed in note 7 above is a sum of £38,602 ( 2023 - £38,602) due to the Director, Mr J Wignall.

Included in other creditors listed in note 8 above is a sum of £165,253 ( 2023 - £165.253) due to the Director, Mr J Wignall.

There are no fixed terms for repayment of these loans and no interest is payable to the Director.

Included with debtors is a sum of £10,000 (£203 - £Nil) due from Wignall Developments Ltd. Mr J Wignall (Director) is also a director of Wignall Developments Ltd.