Wheatsheaf Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 3690480

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,740,940		2,377,205

			2,740,940		2,377,205
CURRENT ASSETS
Debtors	5	281,117		296,581
Cash at bank and in hand		597,359		35,030

		878,476		331,611
Creditors: Amounts Falling Due Within One Year	6	(104,996 )		6,773

NET CURRENT ASSETS (LIABILITIES)			773,480		338,384

TOTAL ASSETS LESS CURRENT LIABILITIES			3,514,420		2,715,589

Creditors: Amounts Falling Due After More Than One Year	7		(1,324,333 )		(1,324,333 )

NET ASSETS			2,190,087		1,391,256

CAPITAL AND RESERVES
Called up share capital	8		100		100
Revaluation reserve	11		1,059,538		448,782
Profit and Loss Account			1,130,449		942,374

SHAREHOLDERS' FUNDS			2,190,087		1,391,256

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Wheatsheaf Properties Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr T Murphy

Director

20th April 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Wheatsheaf Properties Limited Registered number 3690480 is a limited by shares company incorporated in England & Wales. The Registered Office is 7 Ludlow Road, London, W5 1NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the rental income and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Fixtures & Fittings	25% reducing balance basis

2.4. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 January 2025	2,361,735	101,416	2,463,151
Additions	98,866	-	98,866
Disposals	(816,263 )	-	(816,263 )
Revaluation	1,085,000	-	1,085,000

As at 31 December 2025	2,729,338	101,416	2,830,754

Depreciation
As at 1 January 2025	-	85,946	85,946
Provided during the period	-	3,868	3,868

As at 31 December 2025	-	89,814	89,814

...CONTINUED

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Wheatsheaf Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	2,729,338	11,602	2,740,940

As at 1 January 2025	2,361,735	15,470	2,377,205

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	281,117	296,581

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	95,056	(11,818 )
Accruals and deferred income	9,940	5,045

	104,996	(6,773 )

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,324,333	1,324,333

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Directors Advances, Credits and Guarantees

Dividends paid to directors

10. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	93,225	48,000

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Wheatsheaf Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2025	448,782	942,374
Profit for year	-	281,300

Surplus on revaluation	1,085,000	-
Deficit on revaluation	(474,244)	-

Other comprehensive income for the year	610,756	-

Total comprehensive income for the year	610,756	281,300

Dividends paid	-	(93,225)

As at 31 December 2025	1,059,538	1,130,449

12. Ultimate Controlling Party

The company's ultimate controlling party is the director by virtue of his ownership of 100% of the issued share capital in the company.