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REGISTERED NUMBER: 00794854 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Wigley Investment Holdings Limited

Wigley Investment Holdings Limited (Registered number: 00794854)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Wigley Investment Holdings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R J Wigley
J M Davies
Miss A Brocklehurst
J B Ellerington
J A Polo-Richards
Ms C A Lynch
A Dent





REGISTERED OFFICE: Stockton House
Rugby Road
Stockton
Southam
CV47 8LB





REGISTERED NUMBER: 00794854 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Wigley Investment Holdings Limited (Registered number: 00794854)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,827,893 292,670
Investments 5 2,105,243 5,053
Investment property 6 25,881,965 26,212,714
29,815,101 26,510,437

CURRENT ASSETS
Stocks - 1,216,398
Debtors 7 10,929,093 5,519,585
Cash at bank and in hand 2,426,163 1,785,077
13,355,256 8,521,060
CREDITORS
Amounts falling due within one year 8 16,229,173 14,976,641
NET CURRENT LIABILITIES (2,873,917 ) (6,455,581 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,941,184

20,054,856

CREDITORS
Amounts falling due after more than one year 9 (7,000,000 ) (7,000,000 )

PROVISIONS FOR LIABILITIES (2,076,966 ) -
NET ASSETS 17,864,218 13,054,856

CAPITAL AND RESERVES
Called up share capital 25,516 25,516
Capital redemption reserve 1,331 1,331
Retained earnings 17,837,371 13,028,009
SHAREHOLDERS' FUNDS 17,864,218 13,054,856

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

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

Wigley Investment Holdings Limited (Registered number: 00794854)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





R J Wigley - Director


Wigley Investment Holdings Limited (Registered number: 00794854)

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

1. STATUTORY INFORMATION

Wigley Investment Holdings 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.

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 - not provided
Leasehold improvements - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Investment property
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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Wigley Investment Holdings Limited (Registered number: 00794854)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 June 2023 70,000 - 175,678
Additions - - -
Disposals - - -
Reclassification/transfer - 1,551,286 -
At 31 May 2024 70,000 1,551,286 175,678
DEPRECIATION
At 1 June 2023 - - 124,456
Charge for year - 31,026 10,244
Eliminated on disposal - - -
At 31 May 2024 - 31,026 134,700
NET BOOK VALUE
At 31 May 2024 70,000 1,520,260 40,978
At 31 May 2023 70,000 - 51,222

Wigley Investment Holdings Limited (Registered number: 00794854)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 154,303 190,242 87,276 677,499
Additions - 72,350 26,452 98,802
Disposals - (59,878 ) - (59,878 )
Reclassification/transfer - - - 1,551,286
At 31 May 2024 154,303 202,714 113,728 2,267,709
DEPRECIATION
At 1 June 2023 77,003 117,816 65,554 384,829
Charge for year 11,595 21,836 10,450 85,151
Eliminated on disposal - (30,164 ) - (30,164 )
At 31 May 2024 88,598 109,488 76,004 439,816
NET BOOK VALUE
At 31 May 2024 65,705 93,226 37,724 1,827,893
At 31 May 2023 77,300 72,426 21,722 292,670

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 June 2023 5,053
Additions 2,100,190
At 31 May 2024 2,105,243
NET BOOK VALUE
At 31 May 2024 2,105,243
At 31 May 2023 5,053

Wigley Investment Holdings Limited (Registered number: 00794854)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 26,212,714
Additions 3,141,956
Disposals (12,342,891 )
Revaluations 8,870,186
At 31 May 2024 25,881,965
NET BOOK VALUE
At 31 May 2024 25,881,965
At 31 May 2023 26,212,714

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 25,881,965

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 441,445 650,518
Other debtors 10,487,648 4,869,067
10,929,093 5,519,585

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 480,924 427,298
Taxation and social security 136,336 109,406
Other creditors 15,611,913 14,439,937
16,229,173 14,976,641

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 7,000,000 7,000,000

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Wigley Investment Holdings Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wigley Investment Holdings Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Wigley Investment Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 21 January 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Wigley Investment Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Wigley Investment Holdings Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wigley Investment Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wigley Investment Holdings Limited. You consider that Wigley Investment Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wigley Investment Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


26 February 2025