Wattcote Estates Limited - Filleted accounts

Registered number

01316859

Wattcote Estates Limited

Unaudited Filleted Accounts

31 March 2025

Wattcote Estates Limited
Registered number:		01316859
Balance Sheet
as at 31 March 2025

	Notes		2025			2024
£				£
Fixed assets
Tangible assets	3		3,431,531			3,432,179

Current assets
Cash at bank and in hand		4,704			6,533

Creditors: amounts falling due within one year	4	(102,704)			(132,466)

Net current liabilities			(98,000)			(125,933)

Total assets less current liabilities			3,333,531			3,306,246

Creditors: amounts falling due after more than one year	5		(553,549)			(571,344)

Net assets			2,779,982			2,734,902

Capital and reserves
Called up share capital			2			2
Profit and loss account			2,779,980			2,734,900

Shareholder's funds			2,779,982			2,734,902

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R J Parkin
Director
Approved by the board on 22 December 2025

Wattcote Estates Limited
Notes to the Accounts
for the year ended 31 March 2025

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Government subsidies
	Amounts received from the Rural Payment Authority under a single payment scheme are recognised in the profit and loss account in the period in which they become available.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold land and buildings			No depreciation
	Plant and machinery			20% reducing balance
	Motor vehicles			25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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 difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	3,430,942		5,544		15,242		3,451,728
	At 31 March 2025	3,430,942		5,544		15,242		3,451,728

	Depreciation
	At 1 April 2024	-		5,092		14,457		19,549
	Charge for the year	-		452		196		648
	At 31 March 2025	-		5,544		14,653		20,197

	Net book value
	At 31 March 2025	3,430,942		-		589		3,431,531
	At 31 March 2024	3,430,942		452		785		3,432,179


4	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					23,056		17,470
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					33,141		78,191
	Taxation and social security costs					2,007		2,305
	Other creditors					44,500		34,500
						102,704		132,466


5	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					553,549		571,344


6	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					571,699		588,814

	The loan is secured by fixed and floating charges dated 9 December 2022 over the land and buildings at Wattcote Farm, Warwickshire, CV35 7NH.


7	Related party transactions

	At the balance sheet date, the company owed £33,141 (2024: £78,191) to a company with significant control.


8	Controlling party

	The immediate controlling party is Pierpont Rose Holdings Limited, a company that owns 100% of the issued share capital and is registered in England and Wales.


9	Other information

	Wattcote Estates Limited is a private company limited by shares and incorporated in England. Its registered office is 132 Widney Lane, Solihull, West Midlands, B91 3LH.