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REGISTERED NUMBER: 00934051 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

WIGAN MINING & RESTORATION CO. LIMITED

WIGAN MINING & RESTORATION CO. LIMITED (REGISTERED NUMBER: 00934051)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WIGAN MINING & RESTORATION CO. LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







Directors: Mr C J Baybutt
Mr J Melling
Mr M Baybutt





Registered office: Greenbank House
152 Wigan Lane
Wigan
Lancashire
WN1 2LA





Registered number: 00934051 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

WIGAN MINING & RESTORATION CO. LIMITED (REGISTERED NUMBER: 00934051)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177 1,500,208
Investment property 5 2,264,500 2,264,500
2,264,677 3,764,708

CURRENT ASSETS
Debtors 6 1,774,433 296,721
Cash at bank 320,514 263,948
2,094,947 560,669
CREDITORS
Amounts falling due within one year 7 254,292 11,696
NET CURRENT ASSETS 1,840,655 548,973
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,105,332

4,313,681

PROVISIONS FOR LIABILITIES 8 580,092 580,092
NET ASSETS 3,525,240 3,733,589

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 1,228,564 1,228,564
Retained earnings non
distributable 1,118,050 1,118,050
Retained earnings 1,177,626 1,385,975
SHAREHOLDERS' FUNDS 3,525,240 3,733,589

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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:



Mr M Baybutt - Director


WIGAN MINING & RESTORATION CO. LIMITED (REGISTERED NUMBER: 00934051)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Wigan Mining & Restoration Co. 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 have reasonable expectation that the company will have adequate funding and support to continue in operational existence for the foreseeable future.

The company therefore continues to adopt the going concern basis in preparing its financial statements.

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 group companies.

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.
Freehold property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Depreciation is not provided on freehold property. This treatment may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. The accounting policy adopted is considered necessary for the accounts to give a true and fair view. Depreciation or amortisation is one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investment property
Investment properties for which fair value can be measured reliably are measured at fair value at each reporting date with changes in fair value recognised in the income statement. Properties are valued on an open market basis by Mr C J Baybutt (FRICS), a director of the company and supported by external professional valuers.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of any deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantially enacted by the end of the reporting period.

WIGAN MINING & RESTORATION CO. LIMITED (REGISTERED NUMBER: 00934051)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors receivable
Short term debtors and creditors with no stated interest rate are recorded at the transaction price. Any losses arising from impairment are recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 1,500,000 1,262 6,407 1,507,669
Disposals (1,500,000 ) - - (1,500,000 )
At 31 December 2023 - 1,262 6,407 7,669
DEPRECIATION
At 1 January 2023 - 1,262 6,199 7,461
Charge for year - - 31 31
At 31 December 2023 - 1,262 6,230 7,492
NET BOOK VALUE
At 31 December 2023 - - 177 177
At 31 December 2022 1,500,000 - 208 1,500,208

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Ground Plant and and
rent machinery fittings Totals
£    £    £    £   
Valuation in 2014 27,904 1,262 6,407 35,573
Valuation in 2022 (27,904 ) - - (27,904 )
- 1,262 6,407 7,669

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

31.12.23 31.12.22
as restated
£    £   
Cost 2,870 2,870

Freehold property was valued on a fair value basis on 31 December 2015 by Parkinson Commercial Property Consultants .

In the opinion of the directors the fair value of the existing use of the company's freehold property at 31 December 2023 is not materially different from the book value as stated in these financial statements.

WIGAN MINING & RESTORATION CO. LIMITED (REGISTERED NUMBER: 00934051)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,264,500
NET BOOK VALUE
At 31 December 2023 2,264,500
At 31 December 2022 2,264,500

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2012 1,965,000
Valuation in 2013 60,000
Valuation in 2019 239,500
2,264,500

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

31.12.23 31.12.22
as restated
£    £   
Cost 623,462 623,462

Investment property was valued on an open market basis basis on 31 December 2019 by Healy Simpson Limited .

In the opinion of the directors the fair value for the existing use of the company's investment properties at 31 December 2023 is not materially different from the book value as stated in these financial statements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade debtors 16,803 15,907
Amounts owed by group undertakings 1,754,368 277,737
Other debtors 3,262 3,077
1,774,433 296,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade creditors 763 1,176
Taxation and social security 244,821 -
Other creditors 8,708 10,520
254,292 11,696

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
as restated
£    £   
Deferred tax 580,092 580,092

WIGAN MINING & RESTORATION CO. LIMITED (REGISTERED NUMBER: 00934051)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 580,092
Balance at 31 December 2023 580,092

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: as restated
£    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE PARENT UNDERTAKING

The company is a wholly owned subsidiary of Greenbank Group Holdings Limited.

11. CONTROLLING INTEREST

As shareholders of Greenbank Group Holdings Limited the Trustees of the Baybutt Family Trusts have a controlling interest in the company.