Wheatley Amps Holdings Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10442247

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		378,699		378,699
Investments	5		2,044,100		2,044,100

			2,422,799		2,422,799
CURRENT ASSETS
Debtors	6	686,215		748,245
Cash at bank and in hand		822		-

		687,037		748,245
Creditors: Amounts Falling Due Within One Year	7	(2,432 )		(2,149 )

NET CURRENT ASSETS (LIABILITIES)			684,605		746,096

TOTAL ASSETS LESS CURRENT LIABILITIES			3,107,404		3,168,895

NET ASSETS			3,107,404		3,168,895

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Share premium account			1,999,000		1,999,000
Profit and Loss Account			1,107,404		1,168,895

SHAREHOLDERS' FUNDS			3,107,404		3,168,895

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Wheatley Amps Holdings Ltd

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Scott Wheatley Director	Mrs Sarah Wheatley Director
14 August 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wheatley Amps Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10442247 . The registered office is Henge Barn, Pury Hill Business Park, Alderton Road, Towcester, Northamptonshire, NN12 7LS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Investment Property

	2024
	£
Fair Value
As at 1 November 2023 and 31 October 2024	378,699

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Wheatley Amps Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Investments

	Subsidiaries	Other	Total
	£	£	£
Cost
As at 1 November 2023	2,000,100	44,000	2,044,100

As at 31 October 2024	2,000,100	44,000	2,044,100

Provision
As at 1 November 2023	-	-	-

As at 31 October 2024	-	-	-

Net Book Value
As at 31 October 2024	2,000,100	44,000	2,044,100

As at 1 November 2023	2,000,100	44,000	2,044,100

6. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	252,565	303,225
Other debtors	433,650	445,020

	686,215	748,245

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other creditors	80	-
Taxation and social security	2,352	2,149

	2,432	2,149

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 November 2023	Amounts advanced	Amounts repaid	Amounts written off	As at 31 October 2024
	£	£	£	£	£
Mrs Sarah Wheatley	11,370	17,008	(28,458 )	-	(80 )

10. Related Party Transactions

Connected Company

A long term loan totalling £433,650 (2022: £433,650) has been made from Wheatley Amps Holdings Ltd to Bierman Hodge Ltd. Mr S G Wheatley is a director and shareholder of this company.

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Wheatley Amps Holdings Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

11. Ultimate Parent Undertaking and Controlling Party

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered Office	Holding	Proportion of voting rights and shares held
Subsidiary undertakings			2023	2022
Amps Electrical Limited	Henge Barn Pury Hill Business Park Alderton Road Towcester Northants NN12 7LS	Ordinary	100%	100%
Watling Street Homes Limited	Henge Barn Pury Hill Business Park Alderton Road Towcester Northants NN12 7LS	Ordinary	100%	100%

Subsidiary undertakings

Amps Electrical Limited

The principal activity of Amps Electrical Limited is that of electrical contractors.

Watling Street Homes Limited

The principal activity of Watling Street Homes Limited is that of property development.

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