REGISTERED NUMBER: 14640620 (England and Wales)

Financial Statements for the Year Ended 31 July 2025

for

Wharfedale Property Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Roche

P W Roche

REGISTERED OFFICE:

Unit 1, Manor Court

Manor Hill Lane

Leeds

West Yorkshire

LS11 8LQ

REGISTERED NUMBER:

14640620 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

777

1,554

Investment property

5

761,754

728,797

762,531

730,351

CURRENT ASSETS

Stocks

-

223,307

Debtors

6

26,441

2,090

Cash at bank and in hand

263,782

29,106

290,223

254,503

CREDITORS

Amounts falling due within one year

7

979,389

947,787

NET CURRENT LIABILITIES

(689,166

)

(693,284

)

TOTAL ASSETS LESS CURRENT LIABILITIES

73,365

37,067

PROVISIONS FOR LIABILITIES

6,567

6,567

NET ASSETS

66,798

30,500

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

19,702

19,702

Retained earnings

47,094

10,796

66,798

30,500

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

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

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 28 April 2026 and were signed on its behalf by:

P W Roche - Director

1.	STATUTORY INFORMATION

Wharfedale Property Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income received and sale of property.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 August 2024

and 31 July 2025

3,108

DEPRECIATION

At 1 August 2024

1,554

Charge for year

777

At 31 July 2025

2,331

NET BOOK VALUE

At 31 July 2025

777

At 31 July 2024

1,554

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

728,797

Additions

32,957

At 31 July 2025

761,754

NET BOOK VALUE

At 31 July 2025

761,754

At 31 July 2024

728,797

Fair value at 31 July 2025 is represented by:

£

Valuation in 2023

26,269

Cost

735,485

761,754

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Other debtors

26,441

2,090

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade creditors

2,028

2,649

Taxation and social security

10,816

2,897

Other creditors

966,545

942,241

979,389

947,787

8.

RESERVES

Fair

value

reserve

£

At 1 August 2024

and 31 July 2025

19,702