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REGISTERED NUMBER: 04199748 (England and Wales)






















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

W.G. WIGGINTON PROPERTIES LIMITED

W.G. WIGGINTON PROPERTIES LIMITED (REGISTERED NUMBER: 04199748)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W.G. WIGGINTON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P P P Keyland
Mrs R Keyland





SECRETARY: P P P Keyland





REGISTERED OFFICE: Wigginton House
1-4 Rockware Avenue
Greenford
Middlesex
UB6 0AA





REGISTERED NUMBER: 04199748 (England and Wales)





AUDITORS: GKP (Ampthill) Limited
Statutory Auditor
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

W.G. WIGGINTON PROPERTIES LIMITED (REGISTERED NUMBER: 04199748)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,261,961 2,261,961
2,261,961 2,261,961

CURRENT ASSETS
Debtors 6 4,443 2,502
Cash at bank 654,868 573,187
659,311 575,689
CREDITORS
Amounts falling due within one year 7 1,849,436 1,826,700
NET CURRENT LIABILITIES (1,190,125 ) (1,251,011 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,071,836

1,010,950

PROVISIONS FOR LIABILITIES 62,500 62,500
NET ASSETS 1,009,336 948,450

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,009,335 948,449
SHAREHOLDERS' FUNDS 1,009,336 948,450

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 29 August 2024 and were signed on its behalf by:





P P P Keyland - Director


W.G. WIGGINTON PROPERTIES LIMITED (REGISTERED NUMBER: 04199748)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

W.G. Wigginton 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The parent company that has prepared consolidated accounts is W G Wigginton Group Limited. Its registered office is at Wigginton House, 1-4 Rockware Avenue, Greenford, Middlesex, UB6 0AA.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The directors do not consider there to be any critical accounting judgements.

Key sources of estimation uncertainty
The market value of investment properties are determined annually based on information provided by independent professional valuers and publicly available market rate movements. There is an inevitable degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Turnover
Turnover represents net invoiced rent charges, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Investment property
Investment property is included at fair value. Gains are recognised in the income statement.

W.G. WIGGINTON PROPERTIES LIMITED (REGISTERED NUMBER: 04199748)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in the income statement.

Operating leases
Rentals payable under operating leases are charged to the income statement on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 9,340
DEPRECIATION
At 1 April 2023
and 31 March 2024 9,340
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,261,961
NET BOOK VALUE
At 31 March 2024 2,261,961
At 31 March 2023 2,261,961

W.G. WIGGINTON PROPERTIES LIMITED (REGISTERED NUMBER: 04199748)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY - continued

The directors valued the investment property at 31 March 2024 based on their knowledge and understanding of the property market. They do not have any recognised professional qualifications in this field.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 2,261,961

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.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 886 1,661
VAT - 3
Prepayments 3,557 838
4,443 2,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,791 -
Amounts owed to group undertakings 1,804,112 1,804,112
Corporation tax 20,251 10,795
VAT 38 -
Other creditors - 2,550
Accrued expenses 9,244 9,243
1,849,436 1,826,700

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 51,000 51,000
Between one and five years 204,000 204,000
In more than five years 76,500 127,500
331,500 382,500

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Mason BSc FCA (Senior Statutory Auditor)
for and on behalf of GKP (Ampthill) Limited

W.G. WIGGINTON PROPERTIES LIMITED (REGISTERED NUMBER: 04199748)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P P P Keyland.

11. OPERATING LEASE INCOME

Minimum lease income due to the company is as follows:

2024 2023
£ £
Within one year 6,600 37,985
Between one and five years - 4,140
In more than five years - -
6,600 42,125