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REGISTERED NUMBER: 02451400 (England and Wales)



















Financial Statements

for the Year Ended 30 September 2024

for

Wheatcroft Land Limited

Wheatcroft Land Limited (Registered number: 02451400)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wheatcroft Land Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs C L Haward
C C Haward





REGISTERED OFFICE: Unit 41
The Manor
Main Street
Tur Langton
Leicestershire
LE8 0PJ





REGISTERED NUMBER: 02451400 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Wheatcroft Land Limited (Registered number: 02451400)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,543 4,450
Investments 5 700 700
Investment property 6 4,180,000 4,180,000
4,183,243 4,185,150

CURRENT ASSETS
Debtors 7 5,872,237 4,358,604
Cash at bank and in hand 223,080 1,920,547
6,095,317 6,279,151
CREDITORS
Amounts falling due within one year 8 377,978 358,420
NET CURRENT ASSETS 5,717,339 5,920,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,900,582

10,105,881

CREDITORS
Amounts falling due after more than one
year

9

(261,877

)

(436,949

)

PROVISIONS FOR LIABILITIES 11 (651,055 ) (651,055 )
NET ASSETS 8,987,650 9,017,877

CAPITAL AND RESERVES
Called up share capital 233,744 233,744
Fair value reserve 12 2,630,713 2,630,713
Capital redemption reserve 12 116,356 116,356
Retained earnings 12 6,006,837 6,037,064
SHAREHOLDERS' FUNDS 8,987,650 9,017,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Wheatcroft Land Limited (Registered number: 02451400)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mrs C L Haward - Director


Wheatcroft Land Limited (Registered number: 02451400)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Wheatcroft Land 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 represents sales of property and rental income receivable, excluding value added tax. Rentals from operating leases are credited to revenue over the period to which they relate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

Investments
Unlisted investments are stated at cost less any permanent diminution in value.

Group accounts
In accordance with the exemptions given by the Companies Act 2006, the company has not produced group financial statements because it heads a small group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Wheatcroft Land Limited (Registered number: 02451400)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 43,815 13,470 57,285
DEPRECIATION
At 1 October 2023 41,725 11,110 52,835
Charge for year 313 1,594 1,907
At 30 September 2024 42,038 12,704 54,742
NET BOOK VALUE
At 30 September 2024 1,777 766 2,543
At 30 September 2023 2,090 2,360 4,450

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 700
NET BOOK VALUE
At 30 September 2024 700
At 30 September 2023 700

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 4,180,000
NET BOOK VALUE
At 30 September 2024 4,180,000
At 30 September 2023 4,180,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 4,180,000

Wheatcroft Land Limited (Registered number: 02451400)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 898,233 898,233
Aggregate depreciation (538,942 ) (520,977 )

Investment properties were valued on a fair value basis on 30 September 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,877 2,490
Amounts owed by group undertakings 5,810,544 4,335,533
Other debtors 24,442 535
Tax 455 7,117
Prepayments 25,919 12,929
5,872,237 4,358,604

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,500 27,500
Pension fund loan account 248,111 177,790
Trade creditors 33,355 11,660
Amounts owed to group undertakings 6,544 61,345
Tax 6,801 5,374
Social security and other taxes - 15,337
Other creditors 779 1,553
Accruals and deferred income 64,888 57,861
377,978 358,420

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Pension fund loan account 261,877 436,949

10. LEASING AGREEMENTS
The minimum lease payments on non-cancellable operating leases committed to being received are £1,500,000 (2023 - £202,500).

The minimum lease payments on non-cancellable operating leases committed to being paid are £28,429 (2023 - £NIL).

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 651,055 651,055

Wheatcroft Land Limited (Registered number: 02451400)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 651,055
Balance at 30 September 2024 651,055

12. RESERVES
Fair Capital
Retained value redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 October 2023 6,037,064 2,630,713 116,356 8,784,133
Profit for the year 27,773 27,773
Dividends (58,000 ) (58,000 )
At 30 September 2024 6,006,837 2,630,713 116,356 8,753,906