Registration number: 16375667

The Wheatsheaf 1625 Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

The Wheatsheaf 1625 Limited

(Registration number: 16375667)
Balance Sheet as at 31 March 2026

	Note	2026 £
Fixed assets
Intangible assets	4	754
Tangible assets	5	1,107,528
		1,108,282
Current assets
Stocks	6	10,000
Debtors	7	22,932
Cash at bank and in hand		10,510
		43,442
Creditors: Amounts falling due within one year	8	(1,360,131)
Net current liabilities		(1,316,689)
Net liabilities		(208,407)
Capital and reserves
Called up share capital		1
Retained earnings		(208,408)
Shareholders' deficit		(208,407)

The Wheatsheaf 1625 Limited

(Registration number: 16375667)
Balance Sheet as at 31 March 2026

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2026 and signed on its behalf by:
 

......................................... Mr K P Parnell Director

......................................... Mr I R Ferguson Director

The Wheatsheaf 1625 Limited

Notes to the Unaudited Financial Statements for the Period from 9 April 2025 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
K P Parnell
Govan Road
Fenton Industrial Estate
Stoke On Trent
ST4 2RS
UK

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

The Wheatsheaf 1625 Limited

Notes to the Unaudited Financial Statements for the Period from 9 April 2025 to 31 March 2026

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixture and Fittings	20% Straight Line
Freehold Property	Not Depreciated

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	straight line over 4 years

The Wheatsheaf 1625 Limited

Notes to the Unaudited Financial Statements for the Period from 9 April 2025 to 31 March 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 26.

The Wheatsheaf 1625 Limited

Notes to the Unaudited Financial Statements for the Period from 9 April 2025 to 31 March 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	1,006	1,006
At 31 March 2026	1,006	1,006
Amortisation
Amortisation charge	252	252
At 31 March 2026	252	252
Carrying amount
At 31 March 2026	754	754

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	990,087	144,985	1,135,072
At 31 March 2026	990,087	144,985	1,135,072
Depreciation
Charge for the period	-	27,544	27,544
At 31 March 2026	-	27,544	27,544
Carrying amount
At 31 March 2026	990,087	117,441	1,107,528

Included within the net book value of land and buildings above is £990,087 in respect of freehold land and buildings.
 

6

Stocks

	2026 £
Other inventories	10,000

The Wheatsheaf 1625 Limited

Notes to the Unaudited Financial Statements for the Period from 9 April 2025 to 31 March 2026

7

Debtors

Current	2026 £
Prepayments	22,932
	22,932

8

Creditors

Creditors: amounts falling due within one year

	2026 £
Due within one year
Trade creditors	42,529
Taxation and social security	15,380
Accruals and deferred income	4,125
Other creditors	1,298,097
	1,360,131