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REGISTERED NUMBER: 14640620 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Wharfedale Property Ltd

Wharfedale Property Ltd (Registered number: 14640620)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wharfedale Property Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P J Roche
P W Roche





REGISTERED OFFICE: Unit 1, Manor Court
Manor Hill Lane
Leeds
West Yorkshire
LS11 8LQ





REGISTERED NUMBER: 14640620 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Wharfedale Property Ltd (Registered number: 14640620)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,554 2,331
Investment property 5 728,797 720,000
730,351 722,331

CURRENT ASSETS
Stocks 223,307 -
Debtors 6 2,090 -
Cash at bank and in hand 29,106 45,297
254,503 45,297
CREDITORS
Amounts falling due within one year 7 947,787 751,000
NET CURRENT LIABILITIES (693,284 ) (705,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,067

16,628

PROVISIONS FOR LIABILITIES 6,567 4,350
NET ASSETS 30,500 12,278

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 19,702 19,702
Retained earnings 10,796 (7,426 )
30,500 12,278

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

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

Wharfedale Property Ltd (Registered number: 14640620)

Balance Sheet - continued
31 July 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 7 March 2025 and were signed on its behalf by:





P W Roche - Director


Wharfedale Property Ltd (Registered number: 14640620)

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

1. STATUTORY INFORMATION

Wharfedale Property 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.

The company is considered a going concern due to the support of its directors and shareholders.

Turnover
Turnover represents rental income received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Financial instruments
Basic financial instruments are recognised at amortised costs.

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 NIL (2023 - NIL).

Wharfedale Property Ltd (Registered number: 14640620)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2023
and 31 July 2024 3,108
DEPRECIATION
At 1 August 2023 777
Charge for year 777
At 31 July 2024 1,554
NET BOOK VALUE
At 31 July 2024 1,554
At 31 July 2023 2,331

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 720,000
Additions 8,797
At 31 July 2024 728,797
NET BOOK VALUE
At 31 July 2024 728,797
At 31 July 2023 720,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 26,269
Cost 702,528
728,797

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 2,090 -

Wharfedale Property Ltd (Registered number: 14640620)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 2,648 -
Taxation and social security 2,897 -
Other creditors 942,242 751,000
947,787 751,000

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 19,702