Company registration number 12696095 (England and Wales)
WROUGHTON PLACE DEVELOPMENT CO. LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
WROUGHTON PLACE DEVELOPMENT CO. LIMITED
COMPANY INFORMATION
Directors
A Gooch
V Boyland
(Appointed 1 July 2024)
Company number
12696095
Registered office
22 Bishops Road
Whitchurch
Cardiff
United Kingdom
CF14 1LZ
Accountants
Xeinadin South Wales & West Limited
Suite 2d Building 1
Eastern Business Park
St Mellons
Cardiff
CF3 5EA
WROUGHTON PLACE DEVELOPMENT CO. LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WROUGHTON PLACE DEVELOPMENT CO. LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
734,552
329,000
Current assets
Debtors
4
6,677
370
Cash at bank and in hand
12,068
8,119
18,745
8,489
Creditors: amounts falling due within one year
5
(741,438)
(333,475)
Net current liabilities
(722,693)
(324,986)
Net assets
11,859
4,014
Capital and reserves
Called up share capital
3
3
Profit and loss reserves
11,856
4,011
Total equity
11,859
4,014

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 19 March 2026 and are signed on its behalf by:
A Gooch
Director
Company registration number 12696095 (England and Wales)
WROUGHTON PLACE DEVELOPMENT CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Wroughton Place Development Co. Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Bishops Road, Whitchurch, Cardiff, United Kingdom, CF14 1LZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment property at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Leases
WROUGHTON PLACE DEVELOPMENT CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
3
3
Investment property
2025
£
Fair value
At 1 July 2024
329,000
Additions
405,552
At 30 June 2025
734,552

The fair value of investment property has been arrived at on the basis of a valuation carried out by the director s. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar property.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
6,301
-
0
Prepayments and accrued income
376
370
6,677
370
WROUGHTON PLACE DEVELOPMENT CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Corporation tax
1,840
941
Deferred income
6,096
5,890
Other creditors
718,416
326,044
Accruals and deferred income
15,086
600
741,438
333,475
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