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REGISTERED NUMBER: 04510806 (England and Wales)















Financial Statements

for the Period 25 February 2022 to 23 February 2023

for

Wye Group Holdings Limited

Wye Group Holdings Limited (Registered number: 04510806)

Contents of the Financial Statements
for the Period 25 February 2022 to 23 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wye Group Holdings Limited

Company Information
for the Period 25 February 2022 to 23 February 2023







DIRECTORS: R N R Jones
Mrs M J Jones





SECRETARY: Mrs M J Jones





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 04510806 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Wye Group Holdings Limited (Registered number: 04510806)

Balance Sheet
23 February 2023

23.2.23 24.2.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 512,755 508,679
Investments 5 4 4
512,759 508,683

CURRENT ASSETS
Debtors 6 32,375 49,596
Cash at bank 584 9,218
32,959 58,814
CREDITORS
Amounts falling due within one year 7 (505,359 ) (498,617 )
NET CURRENT LIABILITIES (472,400 ) (439,803 )
TOTAL ASSETS LESS CURRENT LIABILITIES 40,359 68,880

CREDITORS
Amounts falling due after more than one
year

8

(25,713

)

(25,823

)
NET ASSETS 14,646 43,057

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 14,642 43,053
SHAREHOLDERS' FUNDS 14,646 43,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 23 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 23 February 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.

Wye Group Holdings Limited (Registered number: 04510806)

Balance Sheet - continued
23 February 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 Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





Mrs M J Jones - Director


Wye Group Holdings Limited (Registered number: 04510806)

Notes to the Financial Statements
for the Period 25 February 2022 to 23 February 2023


1. STATUTORY INFORMATION

Wye Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets
No depreciation is provided on land and buildings because in the opinion of the director the residual value is in excess of the value of the property as stated in the financial statements.

The director conducts an annual impairment review and where it is felt that the carrying value of the freehold property would exceed the open market value an appropriate periodic depreciation charge will be made in the financial statements.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Plant and machinery - 25% reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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.


Wye Group Holdings Limited (Registered number: 04510806)

Notes to the Financial Statements - continued
for the Period 25 February 2022 to 23 February 2023


2. ACCOUNTING POLICIES - continued
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 period 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 period was 3 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 25 February 2022 507,062 2,218 509,280
Additions - 5,500 5,500
At 23 February 2023 507,062 7,718 514,780
DEPRECIATION
At 25 February 2022 - 601 601
Charge for period - 1,424 1,424
At 23 February 2023 - 2,025 2,025
NET BOOK VALUE
At 23 February 2023 507,062 5,693 512,755
At 24 February 2022 507,062 1,617 508,679

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 25 February 2022
and 23 February 2023 4
NET BOOK VALUE
At 23 February 2023 4
At 24 February 2022 4

Wye Group Holdings Limited (Registered number: 04510806)

Notes to the Financial Statements - continued
for the Period 25 February 2022 to 23 February 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.2.23 24.2.22
£    £   
Amounts owed by group undertakings 32,373 32,373
Other debtors 2 2
VAT - 17,221
32,375 49,596

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
23.2.23 24.2.22
£    £   
Bank loans and overdrafts 325,052 347,525
Trade creditors 2,575 2,641
Tax 4,924 10,899
Social security and other taxes 4,758 1,003
VAT 3,083 -
Other creditors 38,132 22,600
Directors' current accounts 124,135 111,624
Accrued expenses 2,700 2,325
505,359 498,617

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
23.2.23 24.2.22
£    £   
Bank loans - 1-2 years 3,367 3,367
Bank loans - 2-5 years 10,101 10,101
Bank loans more 5 yr by instal 7,360 7,470
Other creditors 4,885 4,885
25,713 25,823

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,360 7,470

9. RELATED PARTY DISCLOSURES

At the year end the company owed the director's £124,135 (2022: £111,624) in respect of their directors' loan account.

This loan is interest free and repayable on demand.