Company No: 09258208 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	854,581		709,942
Investments	4	2		0
		854,583		709,942
Current assets
Debtors	5	424,824		71,696
Cash at bank and in hand		65,710		243,200
		490,534		314,896
Creditors: amounts falling due within one year	6	( 1,118,500)		( 1,212,540)
Net current liabilities		(627,966)		(897,644)
Total assets less current liabilities		226,617		(187,702)
Creditors: amounts falling due after more than one year	7	( 471,740)		0
Net liabilities		( 245,123)		( 187,702)
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		( 245,223 )		( 187,802 )
Total shareholder's deficit		( 245,123)		( 187,702)

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wight Limited (registered number: 09258208) were approved and authorised for issue by the Board of Directors on 24 September 2026. They were signed on its behalf by:

Mr M Wight Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wight Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Red Cross Building, South Street, Exmouth, EX8 2SA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Construction fee income is recognised over time as services are provided under contractual arrangements. The stage of completion is measured by reference to costs incurred as a proportion of the total expected contract costs. Revenue is measured at the amount of consideration to which the Company expects to be entitled.

Consultancy income is recognised as services are delivered to customers and the Company obtains the right to consideration. Revenue is measured at the transaction price agreed with customers.

Rental income is recognised on a straight-line basis over the lease term. Income received in advance is recognised as deferred income until the period to which it relates.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		5

3. Investment property

	Investment property
	£
Valuation
As at 01 November 2024	709,942
Additions	144,639
As at 31 October 2025	854,581

There has been no valuation of investment property by an independent valuer.

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 November 2024	0
Additions	2
At 31 October 2025	2
Carrying value at 31 October 2025	2
Carrying value at 31 October 2024	0

The company holds the entire share capital of Investment Land Marsh Farm Limited and Investment Land Causeway Limited. The relevant address is the company's registered office as disclosed in Note 1.

5. Debtors

	2025		2024
	£		£
Prepayments and accrued income	77,111		1,005
Other debtors	347,713		70,691
	424,824		71,696

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	4,886		30,697
Amounts owed to Group undertakings	2		0
Amounts owed to directors	463,924		542,188
Accruals	89,894		67,427
Other taxation and social security	4,501		20,646
Other creditors	555,293		551,582
	1,118,500		1,212,540

Included in other creditors is an amount due of £292,374 which has a charge against Causeway Cottage at Marsh Farm.

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	471,740		0

The loan is secured by a charge over the Company's property, as registered at Companies House.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Financial commitments

Commitments

At the year end the company is committed to a rental agreement of £3,600.