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REGISTERED NUMBER: 00621566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WIG FACH PROPERTY COMPANY LIMITED

WIG FACH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00621566)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

WIG FACH PROPERTY COMPANY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 28 FEBRUARY 2025

| DIRECTORS: | N Pounder

| P Morgan

| SECRETARY: | N Pounder

| REGISTERED OFFICE: | Court House

| Court Road

| Bridgend

| CF31 1BE

| REGISTERED NUMBER: | 00621566 (England and Wales)

| ACCOUNTANTS: | Xeinadin South Wales & West Limited

| Court House

| Court Road

| Bridgend

| CF31 1BE

WIG FACH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00621566)

BALANCE SHEET

28 FEBRUARY 2025

2025 | 2024 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Investment property | 4 | 2,488,000 |  | 2,488,000 |  |

CURRENT ASSETS

Debtors | 5 | 41,532 |  | 74,406 |  |

Cash at bank | 50,242 |  | 103,647 |  |

91,774 |  | 178,053 |  |

CREDITORS

Amounts falling due within one year | 6 | 579,796 |  | 640,344 |  |

NET CURRENT LIABILITIES | (488,022 | ) | (462,291 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,999,978 |  | 2,025,709 |  |

PROVISIONS FOR LIABILITIES | 36,448 |  | 36,448 |  |

NET ASSETS | 1,963,530 |  | 1,989,261 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 7 | 1,962,530 |  | 1,988,261 |  |

SHAREHOLDERS' FUNDS | 1,963,530 |  | 1,989,261 |  |

WIG FACH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00621566)

BALANCE SHEET - continued

28 FEBRUARY 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 30 July 2025 and were signed on its behalf by:

N Pounder - Director

WIG FACH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00621566)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| Wig Fach Property Company 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.

| 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.

| At the end of the current and previous year, the company had net current liabilities but due to the ongoing support of fellow group and connected companies, the directors are confident that the company will be able to meet its current liabilities as they fall due and accordingly, the accounts are prepared on the going concern basis.

| Turnover

| Turnover represents rents receivable in the year and is recognised as the right to consideration is earned.

| 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.

| 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 significant 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.

3. | AVERAGE NUMBER OF EMPLOYEES

| The average number of employees during the year was NIL (2024 - NIL).

WIG FACH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00621566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

4. | INVESTMENT PROPERTY

Total |

| £

| FAIR VALUE

| At 29 February 2024

| and 28 February 2025 | 2,488,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | 2,488,000 |  |

| At 28 February 2024 | 2,488,000 |  |

| Fair value at 28 February 2025 is represented by:

| £

| Valuation in 2017 | 1,293,443 |  |

| Valuation in 2019 | 9,373 |  |

| Cost | 1,185,184 |  |

2,488,000 |  |

| Investment properties were revalued in 2017 and 2019 to estimated market value by one of the company directors and it is the opinion of the board that there has not been any significant change in the value of these properties since and so the values per the accounts are not materially different to their current market value.

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

2025 | 2024 |

| £ | £

| Trade debtors | 3,586 |  | 8,960 |  |

| Amounts owed by group undertakings | 3,516 |  | 45,053 |  |

| Other debtors | 34,430 |  | 20,393 |  |

41,532 |  | 74,406 |  |

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

2025 | 2024 |

| £ | £

| Amounts owed to group undertakings | 562,470 |  | - |  |

| Taxation and social security | - |  | 624,878 |  |

| Other creditors | 17,326 |  | 15,466 |  |

579,796 |  | 640,344 |  |

7. | RESERVES

| Included within retained earnings are non-distributable reserves relating to investment properties fair value adjustments (net of associated deferred taxation) amounting to £1,266,368 (2024 - £1,266,368) so the distributable reserves at the year end amount to £696,162 (2024 - £721,893).

WIG FACH PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00621566)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28 FEBRUARY 2025

8. | RELATED PARTY DISCLOSURES

| Amounts owed by and to group undertakings are on an interest free basis.

| During the year, management fees of £25,000 (2024 - £nil) were paid to its parent company.

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Happy Valley (Porthcawl) Holiday Camp Limited.

| The ultimate controlling party is P & A Holdings Limited, a company registered in the Channel Islands.