COMPANY REGISTRATION NUMBER:
10609028
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Wild Hatch Properties Ltd |
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Filleted Unaudited Financial Statements |
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Wild Hatch Properties Ltd |
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Statement of Financial Position |
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31 March 2025
Fixed assets
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Tangible assets |
4 |
850,000 |
930,000 |
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|
|
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Current assets
|
Cash at bank and in hand |
308,183 |
281,153 |
|
|
|
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Creditors: amounts falling due within one year |
5 |
1,015,737 |
1,015,078 |
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------------ |
------------ |
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Net current liabilities |
707,554 |
733,925 |
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--------- |
--------- |
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Total assets less current liabilities |
142,446 |
196,075 |
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Provisions |
– |
10,212 |
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--------- |
--------- |
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Net assets |
142,446 |
185,863 |
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--------- |
--------- |
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Capital and reserves
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Called up share capital |
2 |
2 |
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Revaluation reserves |
(
20,861) |
44,354 |
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Profit and loss account |
163,305 |
141,507 |
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--------- |
--------- |
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Shareholder funds |
142,446 |
185,863 |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Wild Hatch Properties Ltd |
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Statement of Financial Position (continued) |
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31 March 2025
These financial statements were approved by the
board of directors
and authorised for issue on
17 October 2025
, and are signed on behalf of the board by:
Company registration number:
10609028
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Wild Hatch Properties Ltd |
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Notes to the Financial Statements |
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Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 173 Cleveland Street, London, W1T 6QR, United Kingdom.
2.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Deferred tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing differences. Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.
Turnover
Turnover comprises of rental income received during the period.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Investment properties
Investment properties are properties held to earn rentals and / or for capital appreciation. Investment properties are initially measured at cost, which includes the purchase price and any directly attributable expenditure. Subsequently, investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in property, plant and equipment at cost less accumulated depreciation and accumulated impairment losses.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
4.
Tangible assets
|
Investment property |
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£ |
|
Valuation |
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At 1 April 2024 |
930,000 |
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Revaluations |
(
80,000) |
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--------- |
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At 31 March 2025 |
850,000 |
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--------- |
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Depreciation |
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At 1 April 2024 and 31 March 2025 |
– |
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--------- |
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Carrying amount |
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At 31 March 2025 |
850,000 |
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At 31 March 2024 |
930,000 |
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The valuation of investment properties was carried out at the balance sheet date by the director of the company on an open market basis. No depreciation or amortisation is provided in respect of these properties. The historical cost of the investment properties amounted to £870,861 (2024: £870,861).
5.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
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Accruals and deferred income |
1,834 |
3,513 |
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Corporation tax |
6,186 |
3,847 |
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Director loan accounts |
4,175 |
4,175 |
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Other creditors |
3,542 |
3,543 |
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Other loans |
1,000,000 |
1,000,000 |
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1,015,737 |
1,015,078 |
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