The Wheatsheaf (Bough Beech) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08731620 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE WHEATSHEAF (BOUGH BEECH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J E Naismith

Mrs J Naismith

REGISTERED OFFICE:

16 South End

Croydon

Surrey

CR0 1DN

REGISTERED NUMBER:

08731620 (England and Wales)

ACCOUNTANTS:

Averillo & Associates

Chartered Accountants

16 South End

Croydon

Surrey

CR0 1DN

FIXED ASSETS

Tangible assets

4

1,577,977

1,534,870

Investments

5

100

1,578,077

1,534,970

CURRENT ASSETS

Stocks

21,224

18,796

Debtors

6

43,104

8,426

Cash at bank

56

1,069

64,384

28,291

CREDITORS

Amounts falling due within one year

7

1,372,169

749,927

NET CURRENT LIABILITIES

(1,307,785

)

(721,636

)

TOTAL ASSETS LESS CURRENT LIABILITIES

270,292

813,334

CREDITORS

Amounts falling due after more than one
year

8

(409,086

)

(964,613

)

PROVISIONS FOR LIABILITIES

(140,000

)

(140,000

)

NET LIABILITIES

(278,794

)

(291,279

)

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

785,276

Retained earnings

(1,064,170

)

(1,076,655

)

SHAREHOLDERS' FUNDS

(278,794

)

(291,279

)

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

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

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 30 September 2025 and were signed on its behalf by:

N J E Naismith - Director

1.	STATUTORY INFORMATION

The Wheatsheaf (Bough Beech) 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.

Preparation of consolidated financial statements

The financial statements contain information about The Wheatsheaf (Bough Beech) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Plant and machinery etc

-

10% on cost and 10% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

Freehold and leasehold properties

The properties are revalued on a sufficiently regular basis using open market value so that the carrying value of the properties do not differ significantly from their fair value at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 January 2024

1,250,000

444,176

1,694,176

Additions

-

84,637

At 31 December 2024

1,250,000

528,813

1,778,813

DEPRECIATION

At 1 January 2024

-

159,306

Charge for year

-

41,530

At 31 December 2024

-

200,836

NET BOOK VALUE

At 31 December 2024

1,250,000

327,977

1,577,977

At 31 December 2023

1,250,000

284,870

1,534,870

The freehold property was revalued by the director on an open market basis at 31 December 2017. If it has not been revalued it would have been included at historic cost of £502,974 (2023 :£ 502,974) and aggregate depreciation of £34,238 (2023: £32,208). The value of the land not depreciated is £251,487.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

43,104

8,426

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

28,385

22,472

Trade creditors

131,081

64,158

Amounts owed to group undertakings

591,147

293,184

Taxation and social security

593,248

326,488

Other creditors

28,308

43,625

1,372,169

749,927

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

285,396

320,141

Other creditors

123,690

644,472

409,086

964,613

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

299,614

303,723

The bank loans are secured on the freehold property.

10.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

785,276

11.	ULTIMATE CONTROLLING PARTY

The controlling party is N J E Naismith.