REGISTERED NUMBER: 10913617 (England and Wales)

WIGGANS PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M R Wiggans

REGISTERED OFFICE:

Clock House Farm

Lea Road

Lea

Preston

Lancashire

PR4 0RA

REGISTERED NUMBER:

10913617 (England and Wales)

ACCOUNTANTS:

Rushtons

Chartered Accountants

Shorrock House

1 Faraday Court

Fulwood

Preston

Lancashire

PR2 9NB

FIXED ASSETS

Investment property

4

100,000

871,563

CURRENT ASSETS

Stocks

116,505

-

Debtors

100,000

139,527

Cash at bank

1,467

33,712

217,972

173,239

CREDITORS

Amounts falling due within one year

109,055

906,947

NET CURRENT ASSETS/(LIABILITIES)

108,917

(733,708

)

TOTAL ASSETS LESS CURRENT LIABILITIES

208,917

137,855

CREDITORS

Amounts falling due after more than one year

5

(73,978

)

(90,071

)

PROVISIONS FOR LIABILITIES

(1,477

)

-

NET ASSETS

133,462

47,784

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

133,362

47,684

SHAREHOLDERS' FUNDS

133,462

47,784

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2025 and were signed by:

M R Wiggans - Director

1.	STATUTORY INFORMATION

Wiggans Properties 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover represents rent receivable, excluding value added tax.

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

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 1 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

871,563

Additions

161,765

Disposals

(939,235

)

Revaluations

5,907

At 31 March 2025

100,000

NET BOOK VALUE

At 31 March 2025

100,000

At 31 December 2023

871,563

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

5,907

Cost

94,093

100,000

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2023

£

£

Repayable by instalments

Bank loans more 5 yr by instal

62,622

65,620

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2025 and the year ended 31 December 2023:

2025

2023

£

£

M R Wiggans

Balance outstanding at start of period

109,527

-

Amounts advanced

694,095

220,097

Amounts repaid

(803,622

)

(110,570

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

109,527