Registration number: 03295223

Wetherdown Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Wetherdown Limited

(Registration number: 03295223)
Balance Sheet as at 31 January 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	736,346	736,346
Current assets
Debtors	5	287,011	242,436
Creditors: Amounts falling due within one year	6	(53,370)	(45,901)
Net current assets		233,641	196,535
Total assets less current liabilities		969,987	932,881
Creditors: Amounts falling due after more than one year	6	(44,548)	(44,548)
Provisions for liabilities		(17,218)	(17,218)
Net assets		908,221	871,115
Capital and reserves
Called up share capital		100	100
Retained earnings		908,121	871,015
Shareholders' funds		908,221	871,115

Wetherdown Limited

(Registration number: 03295223)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 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 year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 14 August 2026 and signed on its behalf by:
 

......................................... P E M Hills Director

Wetherdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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:
Wetherdown House
Lambourn
Hungerford
Berkshire
RG17 8UB

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.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of rent receivable for the year.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, as determined by the directors and not depreciated. Changes in fair value are recognised in profit or loss.

Debtors

Trade debtors are amounts due from tenants in relation to rent receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

Wetherdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4	Investment properties

	2024 £
At 1 February	736,346
At 31 January	736,346

The directors do not believe that the year end open market valuation of the land and buildings differs significantly from the carrying value.

5

Debtors

Current	2024 £	2023 £
Other debtors	287,011	242,436
	287,011	242,436

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Corporation tax	53,239	45,770
Other creditors	131	131
	53,370	45,901

Creditors: amounts falling due after more than one year

	2024 £	2023 £
Due after one year
Other non-current financial liabilities	44,548	44,548

Wetherdown Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7	Related party transactions

B W and Mrs P E M Hills are directors of, and non-beneficial shareholders, in Wetherdown Limited. They are also directors of, and shareholders, in B W Hills Southbank Limited.

During the year, B W Hills Southbank Limited repaid £4,300 of the the amount due to Wetherdown Limited, of which £238,136 was remaining from last year (31 January 2023). No interest was charged on this loan. At 31 January 2024 £287,011 is receivable from B W Hills Southbank Limited in relation to rental charges.

Wetherdown Limited has made an arms length rental charge of £48,875 (2023: £48,875) to B W Hills Southbank Limited in return for the company's occupation of the property throughout the year.

Wetherdown Limited has, by means of a fixed charge over its freehold property, guaranteed part of the bank borrowing facility of B W Hills Southbank Limited.