0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-31 Sage Accounts Production Advanced 2023 - FRS102_2023 86,592 41,408 128,000 128,000 86,592 xbrli:pure xbrli:shares iso4217:GBP 13287206 2023-03-31 2024-03-30 13287206 2024-03-30 13287206 2023-03-30 13287206 2022-04-01 2023-03-30 13287206 2023-03-30 13287206 2022-03-31 13287206 bus:Director1 2023-03-31 2024-03-30 13287206 core:AfterOneYear 2024-03-30 13287206 core:AfterOneYear 2023-03-30 13287206 core:WithinOneYear 2024-03-30 13287206 core:WithinOneYear 2023-03-30 13287206 core:ShareCapital 2024-03-30 13287206 core:ShareCapital 2023-03-30 13287206 core:RetainedEarningsAccumulatedLosses 2024-03-30 13287206 core:RetainedEarningsAccumulatedLosses 2023-03-30 13287206 core:LandBuildings core:LongLeaseholdAssets 2024-03-30 13287206 core:LandBuildings core:LongLeaseholdAssets 2023-03-30 13287206 core:LandBuildings core:LongLeaseholdAssets 2023-03-30 13287206 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 2024-03-30 13287206 bus:SmallEntities 2023-03-31 2024-03-30 13287206 bus:AuditExemptWithAccountantsReport 2023-03-31 2024-03-30 13287206 bus:SmallCompaniesRegimeForAccounts 2023-03-31 2024-03-30 13287206 bus:PrivateLimitedCompanyLtd 2023-03-31 2024-03-30 13287206 bus:FullAccounts 2023-03-31 2024-03-30
COMPANY REGISTRATION NUMBER: 13287206
WIGTON HOMES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 March 2024
WIGTON HOMES LIMITED
STATEMENT OF FINANCIAL POSITION
30 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
128,000
86,592
CURRENT ASSETS
Debtors
5
24,496
21,340
Cash at bank and in hand
244
304
--------
--------
24,740
21,644
CREDITORS: amounts falling due within one year
6
( 26,793)
( 25,482)
--------
--------
NET CURRENT LIABILITIES
( 2,053)
( 3,838)
---------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
125,947
82,754
CREDITORS: amounts falling due after more than one year
7
( 82,500)
( 82,500)
---------
--------
NET ASSETS
43,447
254
---------
--------
CAPITAL AND RESERVES
Called up share capital
1
1
Profit and loss account
43,446
253
--------
----
SHAREHOLDERS FUNDS
43,447
254
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WIGTON HOMES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
N C Statman
Director
Company registration number: 13287206
WIGTON HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 141 Wigton Lane, Leeds, LS17 8SH, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the Company in respect of rental income received.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Investment property
£
Cost or valuation
At 31 March 2023
86,592
Revaluations
41,408
---------
At 30 March 2024
128,000
---------
Depreciation
At 31 March 2023 and 30 March 2024
---------
Carrying amount
At 30 March 2024
128,000
---------
At 30 March 2023
86,592
---------
The market value of the investment property held as at 30th March 2024 has been calculated by the director, and has been valued at open market value.
5. DEBTORS
2024
2023
£
£
Other debtors
24,496
21,340
--------
--------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
40
41
Corporation tax
487
59
Amounts due to related companies
4,062
Other creditors
26,266
21,320
--------
--------
26,793
25,482
--------
--------
7. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
82,500
82,500
--------
--------