IRIS Accounts Production v25.2.0.378 SC757745 Board of Directors 29.2.24 31.3.25 31.3.25 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC757745 2024-02-28 SC757745 2025-03-31 SC757745 2024-02-29 2025-03-31 SC757745 2023-02-05 SC757745 2023-02-06 2024-02-28 SC757745 2024-02-28 SC757745 ns15:Scotland 2024-02-29 2025-03-31 SC757745 ns14:PoundSterling 2024-02-29 2025-03-31 SC757745 ns10:Director1 2024-02-29 2025-03-31 SC757745 ns10:PrivateLimitedCompanyLtd 2024-02-29 2025-03-31 SC757745 ns10:SmallEntities 2024-02-29 2025-03-31 SC757745 ns10:AuditExempt-NoAccountantsReport 2024-02-29 2025-03-31 SC757745 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-29 2025-03-31 SC757745 ns10:SmallCompaniesRegimeForAccounts 2024-02-29 2025-03-31 SC757745 ns10:FullAccounts 2024-02-29 2025-03-31 SC757745 ns10:Director2 2024-02-29 2025-03-31 SC757745 ns10:Director3 2024-02-29 2025-03-31 SC757745 ns10:Director4 2024-02-29 2025-03-31 SC757745 ns10:RegisteredOffice 2024-02-29 2025-03-31 SC757745 ns5:CurrentFinancialInstruments 2025-03-31 SC757745 ns5:CurrentFinancialInstruments 2024-02-28 SC757745 ns5:Non-currentFinancialInstruments 2025-03-31 SC757745 ns5:Non-currentFinancialInstruments 2024-02-28 SC757745 ns5:ShareCapital 2025-03-31 SC757745 ns5:ShareCapital 2024-02-28 SC757745 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 SC757745 ns5:RetainedEarningsAccumulatedLosses 2024-02-28 SC757745 ns5:Secured 2025-03-31 SC757745 ns5:Secured 2024-02-28

REGISTERED NUMBER: SC757745 (Scotland)

Unaudited Financial Statements

for the Period

29 February 2024 to 31 March 2025

for

Wheatrig Commercials Ltd

| Wheatrig Commercials Ltd (Registered number: SC757745) |

Contents of the Financial Statements

for the Period 29 February 2024 to 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Wheatrig Commercials Ltd |

Company Information

for the Period 29 February 2024 to 31 March 2025

| DIRECTORS: | Mr J Hogarth

| Mrs M Hogarth

| Mr G J Hogarth

| Mr G R Hogarth

| REGISTERED OFFICE: | Wheatrig Farm

| Kilmaurs

| Ayrshire

| KA3 2NG

| REGISTERED NUMBER: | SC757745 (Scotland)

| ACCOUNTANTS: | Gillespie & Anderson

| Chartered Accountants

| Westburn Business Centre

| McNee Road

| Prestwick

| KA9 2PB

| Wheatrig Commercials Ltd (Registered number: SC757745) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 517,321 |  | 517,321 |  |

CURRENT ASSETS

Cash at bank and in hand | 3,212 |  | 999 |  |

CREDITORS

Amounts falling due within one year | 5 | 172,415 |  | 516,051 |  |

NET CURRENT LIABILITIES | (169,203 | ) | (515,052 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 348,118 |  | 2,269 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (331,265 | ) | - |  |

PROVISIONS FOR LIABILITIES | (3,656 | ) | (520 | ) |

NET ASSETS | 13,197 |  | 1,749 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 13,195 |  | 1,747 |  |

SHAREHOLDERS' FUNDS | 13,197 |  | 1,749 |  |

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 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.

| Wheatrig Commercials Ltd (Registered number: SC757745) |

Balance Sheet - continued

31 March 2025

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

Mrs M Hogarth - Director

| Wheatrig Commercials Ltd (Registered number: SC757745) |

Notes to the Financial Statements

for the Period 29 February 2024 to 31 March 2025

1. | STATUTORY INFORMATION

| Wheatrig Commercials Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Going concern

| After reviewing the company's current trading performance and existing and future cash resources, the directors have a reasonable expectation that the company has adequate finances to continue in operational existence for the foreseeable future. The directors therefore continues to adopt the going concern basis in preparing the financial statements.

| Turnover

| Sales comprise the fair value of rents received or receivable on the company's investment property. Sales are presented, net of value-added tax, rebates and discounts

| 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.

| Financial instruments

| Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality. The company has two main categories of financial instruments, which are loans and other receivables and other financial liabilities:

| Loans and other receivables

| Loans and other receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. Upon recognition, these assets are measured at fair value less directly related transaction expenses. In successive periods these are measured at amortised cost, and any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value less any allowance for credit losses.

| Other financial liabilities

| Other financial liabilities are recognised initially at fair value, net of transaction costs incurred. In successive periods these are measured at amortised cost. Any differences between acquisition cost and redemption value is accounted for over the borrowing period by using the effective interest method. If transaction costs are immaterial and the credit period is short, amortised cost is equal to the nominal value.

| Impairment of financial instruments

| A provision for impairment is established when there is objective evidence that, as a result of one or more events that occurred after the initial recognition, the estimated future cash flows have been impacted.

| Cash and cash equivalents

| Cash and cash equivalents comprise cash held by the company and short term bank deposits with an original maturity of three months or less from inception and are subject to insignificant risk of changes in value.

| Wheatrig Commercials Ltd (Registered number: SC757745) |

Notes to the Financial Statements - continued

for the Period 29 February 2024 to 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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 period was 4 (2024 - 4 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 29 February 2024

| and 31 March 2025 | 517,321 |  |

| NET BOOK VALUE

| At 31 March 2025 | 517,321 |  |

| At 28 February 2024 | 517,321 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 517,321 |  |

| Investment property was valued on fair value basis on 31 March 2025 by the director .

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 4,546 |  | - |  |

| Trade creditors | - |  | 2,000 |  |

| Taxation and social security | 495 |  | 597 |  |

| Other creditors | 167,374 |  | 513,454 |  |

172,415 |  | 516,051 |  |

| Wheatrig Commercials Ltd (Registered number: SC757745) |

Notes to the Financial Statements - continued

for the Period 29 February 2024 to 31 March 2025

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 331,265 |  | - |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 313,082 |  | - |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 335,811 |  | - |  |

8. | RELATED PARTY DISCLOSURES

| During 2024, substantial funds were advanced to the company by Mr and Mrs John Hogarth to assist with construction costs of the new commercial premises. These advances were interest free. As at 31 March 2025 the amount due to Mr & Mrs Hogarth amounted to £153,207 (2024- £509,854).