| Wheatcroft Property Limited |
| Registered number: |
03820570 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
5,472,534 |
|
|
5,442,495 |
|
| Current assets |
| Debtors |
4 |
|
169,228 |
|
|
187,945 |
| Cash at bank and in hand |
|
|
313,759 |
|
|
277,541 |
|
|
|
482,987 |
|
|
465,486 |
|
| Creditors: amounts falling due within one year |
5 |
|
(886,195) |
|
|
(791,595) |
|
| Net current liabilities |
|
|
|
(403,208) |
|
|
(326,109) |
|
| Total assets less current liabilities |
|
|
|
5,069,326 |
|
|
5,116,386 |
|
|
| Provisions for liabilities |
|
|
|
(110,448) |
|
|
(120,453) |
|
|
| Net assets |
|
|
|
4,958,878 |
|
|
4,995,933 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
11,575 |
|
|
11,575 |
| Share premium |
|
|
|
4,167,849 |
|
|
4,167,849 |
| Profit and loss account |
|
|
|
779,454 |
|
|
816,509 |
|
| Shareholders' funds |
|
|
|
4,958,878 |
|
|
4,995,933 |
|
|
|
|
|
|
|
|
| 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 members have 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. |
|
|
|
|
| O M Wheatcroft |
| Director |
| Approved by the board on 22 April 2026 |
|
| Wheatcroft Property Limited |
| Notes to the Accounts |
| for the year ended 31 December 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 represents rental income and recharges for the year.
Rentals received under operating leases are credited to revenue on a straight line basis over the lease terms.
Wayleaves received are charged to the profit and loss on a straight line basis. |
|
|
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
over 5 years |
|
Fixtures and fittings |
over 3 & 5 years |
|
|
Investment properties |
|
The investment properties are revalued annually by the directors at fair value. Any surplus or deficit on revaluation is recognised in the profit or loss in the year they occur and are then transferred to the revaluation reserve.
No depreciation is provided in respect of the investment properties. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Investment properties |
|
Plant and machinery |
|
Fixtures and fittings |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
5,403,937 |
|
119,181 |
|
3,845 |
|
5,526,963 |
|
Additions |
- |
|
49,005 |
|
924 |
|
49,929 |
|
At 31 December 2025 |
5,403,937 |
|
168,186 |
|
4,769 |
|
5,576,892 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
- |
|
83,487 |
|
981 |
|
84,468 |
|
Charge for the year |
- |
|
18,723 |
|
1,167 |
|
19,890 |
|
At 31 December 2025 |
- |
|
102,210 |
|
2,148 |
|
104,358 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
5,403,937 |
|
65,976 |
|
2,621 |
|
5,472,534 |
|
At 31 December 2024 |
5,403,937 |
|
35,694 |
|
2,864 |
|
5,442,495 |
|
|
|
|
|
|
|
|
|
|
|
Investment properties: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
5,403,937 |
|
5,403,937 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
5,403,937 |
|
5,403,937 |
|
The investment properties have been valued by the directors at a value of £5,403,937 (2024 - £5,403,937) the directors consider this still to be the fair value. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
84,852 |
|
125,379 |
|
Other debtors |
84,376 |
|
62,566 |
|
|
|
|
|
|
169,228 |
|
187,945 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
87,478 |
|
31,122 |
|
Taxation and social security costs |
6,654 |
|
55,666 |
|
Other creditors |
792,063 |
|
704,807 |
|
|
|
|
|
|
886,195 |
|
791,595 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
| B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
O M Wheatcroft |
|
Loan |
294 |
|
291 |
|
(403) |
|
182 |
|
|
|
294 |
|
291 |
|
(403) |
|
182 |
|
Loans are repayable on demand and no interest has been charged. |
|
| 7 |
Related party transactions |
|
|
During the year the company rented a unit to Perrymead Estates Limited, a company in which Mr.O.Wheatcroft is a director and shareholder. No rent was charged. Perrymead Estates Limited is responsible for the business rates and any maintenance required. At the year end Perrymead Estates Limited owed £10,137 (2024:£5,000).
During the year the company entered into a lease, commencing on 1st February 2025, with Boditrax Limited, a company in which Mr.O.Wheatcroft is a director and shareholder. At the year end Boditrax Limited owed rental of £15,125 under the terms of the lease.
During the year, the company paid a management charge of £107,158 (2024:£98,770) to Averill Land Limited, an associated company. At the year end the company owed Averill Land Limited £347,946 (2024:£263,654). |
|
|
| 8 |
Other information |
|
|
Wheatcroft Property Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Business Workshop |
|
Roseway House, Landmere Lane |
|
Nottingham |
|
Nottinghamshire |
|
NG12 4DG |