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REGISTERED NUMBER: 00529168 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Naish (Wheatley) Limited

Naish (Wheatley) Limited (Registered number: 00529168)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Naish (Wheatley) Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R C Naish
Mrs E G Naish





SECRETARY: Mrs E G Naish





REGISTERED OFFICE: Cherry Tree Barn
Low Street
North Wheatley
Retford
Nottinghamshire
DN22 9DS





REGISTERED NUMBER: 00529168 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Naish (Wheatley) 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 Naish (Wheatley) Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Naish (Wheatley) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Naish (Wheatley) Limited and state those matters that we have agreed to state to the Board of Directors of Naish (Wheatley) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Naish (Wheatley) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Naish (Wheatley) 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 loss of Naish (Wheatley) Limited. You consider that Naish (Wheatley) 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 Naish (Wheatley) 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


5 August 2025

Naish (Wheatley) Limited (Registered number: 00529168)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,543 170,297
Investment property 5 450,000 450,000
597,543 620,297

CURRENT ASSETS
Stocks 4,683 1,418
Debtors 6 26,976 48,545
Cash at bank 177,362 123,932
209,021 173,895
CREDITORS
Amounts falling due within one year 7 235,749 184,691
NET CURRENT LIABILITIES (26,728 ) (10,796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,815

609,501

PROVISIONS FOR LIABILITIES 52,911 50,904
NET ASSETS 517,904 558,597

CAPITAL AND RESERVES
Called up share capital 3,920 3,920
Share premium 8,980 8,980
Fair value reserve 130,034 130,034
Retained earnings 374,970 415,663
SHAREHOLDERS' FUNDS 517,904 558,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 5 August 2025 and were signed on its behalf by:





Mrs E G Naish - Director


Naish (Wheatley) Limited (Registered number: 00529168)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Naish (Wheatley) 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.
Land and Buildings - 20% on cost
Freehold land - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


Naish (Wheatley) Limited (Registered number: 00529168)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

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.

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and Freehold Plant and
Buildings land machinery
£    £    £   
COST
At 1 April 2024
and 31 March 2025 44,227 74,908 52,475
DEPRECIATION
At 1 April 2024 17,691 - 28,506
Charge for year 8,845 - 3,595
At 31 March 2025 26,536 - 32,101
NET BOOK VALUE
At 31 March 2025 17,691 74,908 20,374
At 31 March 2024 26,536 74,908 23,969

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 26,365 76,769 2,944 277,688
DEPRECIATION
At 1 April 2024 17,468 41,688 2,038 107,391
Charge for year 1,334 8,770 210 22,754
At 31 March 2025 18,802 50,458 2,248 130,145
NET BOOK VALUE
At 31 March 2025 7,563 26,311 696 147,543
At 31 March 2024 8,897 35,081 906 170,297

Naish (Wheatley) Limited (Registered number: 00529168)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 450,000
NET BOOK VALUE
At 31 March 2025 450,000
At 31 March 2024 450,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2004 133,564
Valuation in 2022 190,000
Cost 126,436
450,000

The property was valued by the directors at 31 March 2025, in their opinion this valuation fairly reflects the value of the property at 31 March 2025.

6. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 18,674 13,630
Other debtors 8,302 18,032
26,976 31,662

Amounts falling due after more than one year:
Other debtors - 16,883

Aggregate amounts 26,976 48,545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 9,449 3,880
Taxation and social security 2,656 4,621
Other creditors 223,644 176,190
235,749 184,691