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REGISTERED NUMBER: 07138725 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Wickford Homes Limited

Wickford Homes Limited (Registered number: 07138725)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Wickford Homes Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: P J Dukes





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 07138725 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Wickford Homes Limited (Registered number: 07138725)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 756 1,008
Investment property 5 700,000 530,000
700,756 531,008

CURRENT ASSETS
Debtors 6 181,909 3,360
Cash at bank 42,938 44,643
224,847 48,003
CREDITORS
Amounts falling due within one year 7 6,228 5,326
NET CURRENT ASSETS 218,619 42,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

919,375

573,685

CREDITORS
Amounts falling due after more than one
year

8

377,273

204,673
NET ASSETS 542,102 369,012

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 9 372,519 202,519
Retained earnings 169,580 166,490
SHAREHOLDERS' FUNDS 542,102 369,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Wickford Homes Limited (Registered number: 07138725)

Statement of Financial Position - continued
31 January 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 July 2023 and were signed by:





P J Dukes - Director


Wickford Homes Limited (Registered number: 07138725)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Wickford Homes Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Wickford Homes Limited (Registered number: 07138725)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2022
and 31 January 2023 2,990
DEPRECIATION
At 1 February 2022 1,982
Charge for year 252
At 31 January 2023 2,234
NET BOOK VALUE
At 31 January 2023 756
At 31 January 2022 1,008

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 530,000
Revaluations 170,000
At 31 January 2023 700,000
NET BOOK VALUE
At 31 January 2023 700,000
At 31 January 2022 530,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2023 170,000
Cost 530,000
700,000

6. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Other debtors 3,360 3,360

Amounts falling due after more than one year:
Other debtors 178,549 -

Aggregate amounts 181,909 3,360

Wickford Homes Limited (Registered number: 07138725)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Taxation and social security 5,267 4,366
Other creditors 961 960
6,228 5,326

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 350,600 -
Other creditors 26,673 204,673
377,273 204,673

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 350,600 -

9. RESERVES
Revaluation
reserve
£   
At 1 February 2022 202,519
Profit & loss 170,000

At 31 January 2023 372,519