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REGISTERED NUMBER: 02819288 (England and Wales)







Abridged Financial Statements for the Year Ended 31st August 2023

for

Wyvern Group Limited

Wyvern Group Limited (Registered number: 02819288)






Contents of the Financial Statements
for the Year Ended 31st August 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wyvern Group Limited

Company Information
for the Year Ended 31st August 2023







DIRECTORS: S E Curtis
Mrs L M Curtis





SECRETARY: S E Curtis





REGISTERED OFFICE: Unit 2
Blackheath Trading Estate
Rowley Regis
West Midlands
B65 0QN





REGISTERED NUMBER: 02819288 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Wyvern Group Limited (Registered number: 02819288)

Abridged Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 42,552 42,552
Investment property 5 1,500,000 1,500,000
1,542,552 1,542,552

CURRENT ASSETS
Stocks - 182,534
Debtors 1,725,881 1,908,411
Cash at bank 946,478 583,047
2,672,359 2,673,992
CREDITORS
Amounts falling due within one year 26,347 19,736
NET CURRENT ASSETS 2,646,012 2,654,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,188,564

4,196,808

PROVISIONS FOR LIABILITIES 6 236,800 180,000
NET ASSETS 3,951,764 4,016,808

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 738,820 795,620
Retained earnings 3,211,944 3,220,188
SHAREHOLDERS' FUNDS 3,951,764 4,016,808

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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.

Wyvern Group Limited (Registered number: 02819288)

Abridged Balance Sheet - continued
31st August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7th November 2023 and were signed on its behalf by:





S E Curtis - Director


Wyvern Group Limited (Registered number: 02819288)

Notes to the Financial Statements
for the Year Ended 31st August 2023

1. STATUTORY INFORMATION

Wyvern Group 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.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Wyvern Group Limited (Registered number: 02819288)

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st September 2022
and 31st August 2023 42,552
NET BOOK VALUE
At 31st August 2023 42,552
At 31st August 2022 42,552

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2022
and 31st August 2023 1,528,491
DEPRECIATION
At 1st September 2022
and 31st August 2023 28,491
NET BOOK VALUE
At 31st August 2023 1,500,000
At 31st August 2022 1,500,000

Fair value at 31st August 2023 is represented by:
£   
Valuation in 2019 675,620
Valuation in 2021 300,000
Cost 552,871
1,528,491

If Investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 552,871 552,871
Aggregate depreciation (28,491 ) (28,491 )

Investment property was valued on an open market basis on 31st August 2023 by the directors .

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 236,800 180,000

Wyvern Group Limited (Registered number: 02819288)

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

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st September 2022 180,000
Provided during year 56,800
Balance at 31st August 2023 236,800

7. RESERVES
Revaluation
reserve
£   
At 1st September 2022 795,620
Revaluation during the year (56,800 )

At 31st August 2023 738,820

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2023 and 31st August 2022:

2023 2022
£    £   
S E Curtis and Mrs L M Curtis
Balance outstanding at start of year 401,114 280,651
Amounts advanced 82,752 168,088
Amounts repaid (409,990 ) (47,625 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,876 401,114