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REGISTERED NUMBER: 09737072 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2022

for

Wyatt Holdings Limited

Wyatt Holdings Limited (Registered number: 09737072)






Contents of the Financial Statements
for the Year Ended 31 August 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wyatt Holdings Limited

Company Information
for the Year Ended 31 August 2022







DIRECTORS: Mrs K Wyatt
B J Wyatt
Mrs G M Cadden





REGISTERED OFFICE: Curriers Close
Charter Avenue Industrial Estate
Canley
Coventry
CV4 8AW





REGISTERED NUMBER: 09737072 (England and Wales)





ACCOUNTANTS: Valhalla Private Client Services LLP
Valhalla House
30 Ashby Road
Tove Valley Business Park
Towcester
Northamptonshire
NN12 6PG

Wyatt Holdings Limited (Registered number: 09737072)

Balance Sheet
31 August 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 871,000 871,000

CURRENT ASSETS
Debtors 5 17,772 15,350
Cash at bank 975 939
18,747 16,289
CREDITORS
Amounts falling due within one year 6 152,994 143,839
NET CURRENT LIABILITIES (134,247 ) (127,550 )
TOTAL ASSETS LESS CURRENT LIABILITIES 736,753 743,450

CREDITORS
Amounts falling due after more than one year 7 419,056 430,175
NET ASSETS 317,697 313,275

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 251,854 251,854
Retained earnings 65,743 61,321
317,697 313,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





B J Wyatt - Director


Wyatt Holdings Limited (Registered number: 09737072)

Notes to the Financial Statements
for the Year Ended 31 August 2022

1. STATUTORY INFORMATION

Wyatt Holdings 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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 September 2021
and 31 August 2022 871,000
NET BOOK VALUE
At 31 August 2022 871,000
At 31 August 2021 871,000

Wyatt Holdings Limited (Registered number: 09737072)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2022 is represented by:

Land and
buildings
£   
Valuation in 2020 251,854
Cost 619,146
871,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.8.22 31.8.21
£    £   
Cost 619,146 619,146

Value of land in freehold land and buildings 619,146 619,146

Freehold land and buildings were valued on an open market basis on 19 January 2020 by Holt Commercial Ltd .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade debtors 17,772 15,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.22 31.8.21
£    £   
Trade creditors 3,331 1
Amounts owed to participating interests 67,776 20,221
Taxation and social security 6,817 10,370
Other creditors 75,070 113,247
152,994 143,839

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.22 31.8.21
£    £   
Bank loans 419,056 430,175

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 419,056 430,175

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.22 31.8.21
£    £   
Bank loans 419,056 430,175

The bank loan is secured by fixed and floating charge over the freehold property.

Wyatt Holdings Limited (Registered number: 09737072)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

9. RESERVES
Revaluation
reserve
£   
At 1 September 2021
and 31 August 2022 251,854

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £17,268 (2021: £15,350) from Coventry Garage Limited for Rent. The company owed Coventry Garage Limited £67,776 (2021: £20,221) in respect of a loan. Coventry Garage Limited is under common directorship. The balances are shown in Trade Debtors and Amounts due to participating interests respectively. The loan is interest free and repayable on demand.