REGISTERED NUMBER: 05451818 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

WELLS PROPERTY DEVELOPMENT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G P Wells

S L Wells

SECRETARY:

S L Wells

REGISTERED OFFICE:

45 Union Road

New Mills

High Peak

Derbyshire

SK22 3EL

REGISTERED NUMBER:

05451818 (England and Wales)

ACCOUNTANTS:

A.Allen & Son Limited

45 Union Road

New Mills

High Peak

SK22 3EL

FIXED ASSETS

Investment property

4

121,841

121,841

CURRENT ASSETS

Cash at bank

-

691

CREDITORS

Amounts falling due within one year

28,917

28,464

NET CURRENT LIABILITIES

(28,917

)

(27,773

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,924

94,068

CREDITORS

Amounts falling due after more than one year

95,805

95,767

NET LIABILITIES

(2,881

)

(1,699

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(2,981

)

(1,799

)

SHAREHOLDERS' FUNDS

(2,881

)

(1,699

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

G P Wells - Director

1.	STATUTORY INFORMATION

Wells Property Development 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

121,841

NET BOOK VALUE

At 31 May 2025

121,841

At 31 May 2024

121,841

5.	SECURED DEBTS

The following secured debts are included within creditors:

31/5/25

31/5/24

£

£

Bank loans

95,805

95,767

The loan on Haregate Road is secured by a first charge to CHL Mortgages.

6.	ULTIMATE CONTROLLING PARTY

The directors are considered to be the ultimate controlling party.