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REGISTERED NUMBER: 12805483 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 August 2024

for

Wightstone Land & Planning Limited

Wightstone Land & Planning Limited (Registered number: 12805483)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wightstone Land & Planning Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr P E A Wightman





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 12805483 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Wightstone Land & Planning Limited (Registered number: 12805483)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 441,924 435,542

CURRENT ASSETS
Debtors 5 - 2,975
Cash at bank 35,199 174
35,199 3,149
CREDITORS
Amounts falling due within one year 6 460,033 465,485
NET CURRENT LIABILITIES (424,834 ) (462,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 17,090 (26,794 )

CAPITAL AND RESERVES
Called up share capital 7 100 1
Retained earnings 8 16,990 (26,795 )
SHAREHOLDERS' FUNDS 17,090 (26,794 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





Mr P E A Wightman - Director


Wightstone Land & Planning Limited (Registered number: 12805483)

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

1. STATUTORY INFORMATION

Wightstone Land & Planning 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The director has confirmed that he will continue to support the company. On this basis the policy is considered to be reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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).

Wightstone Land & Planning Limited (Registered number: 12805483)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 435,542
Additions 6,382
At 31 August 2024 441,924
NET BOOK VALUE
At 31 August 2024 441,924
At 31 August 2023 435,542

The investment property was valued on an open market basis on 31/08/24 by the director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
VAT - 2,975

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 3,935 3,781
Amounts owed to group undertakings 382,797 398,404
Tax 6,922 -
VAT 13,258 -
Directors' current accounts 52,421 62,640
Accrued expenses 700 660
460,033 465,485

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary 1 100 1

8. RESERVES
Retained
earnings
£   

At 1 September 2023 (26,795 )
Profit for the year 43,785
At 31 August 2024 16,990

Wightstone Land & Planning Limited (Registered number: 12805483)

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

9. RELATED PARTY DISCLOSURES

At the year end, the company had the following balances with related parties:

£33,000 was owed by Argento Land Limited (2023: £nil)
£177,685 was owed to Litfield Strategic Limited (2023: £178,685)
£238,112 was owed to Litfield Land Limited (2023: £219,719)
£52,421 was owed to the director (2023: £62,640)