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REGISTERED NUMBER: 01222990 (England and Wales)















WYNDLEY HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






WYNDLEY HOMES LIMITED (REGISTERED NUMBER: 01222990)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYNDLEY HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M H Wade
Mrs G C Wade





SECRETARY: Mrs G C Wade





REGISTERED OFFICE: Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL





REGISTERED NUMBER: 01222990 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

WYNDLEY HOMES LIMITED (REGISTERED NUMBER: 01222990)

BALANCE SHEET
31 MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,591 8,529
Investment property 5 6,175,702 3,654,767
6,183,293 3,663,296

CURRENT ASSETS
Debtors 6 17,063 2,440
Cash at bank 3,285,388 3,077,678
3,302,451 3,080,118
CREDITORS
Amounts falling due within one year 7 304,207 406,434
NET CURRENT ASSETS 2,998,244 2,673,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,181,537

6,336,980

PROVISIONS FOR LIABILITIES 631,368 1,015
NET ASSETS 8,550,169 6,335,965

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8,550,069 6,335,865
8,550,169 6,335,965

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

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

WYNDLEY HOMES LIMITED (REGISTERED NUMBER: 01222990)

BALANCE SHEET - continued
31 MARCH 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 22 February 2024 and were signed on its behalf by:





M H Wade - Director


WYNDLEY HOMES LIMITED (REGISTERED NUMBER: 01222990)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Wyndley 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.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 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 balance sheet date.


WYNDLEY HOMES LIMITED (REGISTERED NUMBER: 01222990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 3,185 20,580 4,250 28,015
Disposals (135 ) - - (135 )
At 31 March 2023 3,050 20,580 4,250 27,880
DEPRECIATION
At 1 April 2022 - 15,260 4,226 19,486
Charge for year - 797 6 803
At 31 March 2023 - 16,057 4,232 20,289
NET BOOK VALUE
At 31 March 2023 3,050 4,523 18 7,591
At 31 March 2022 3,185 5,320 24 8,529

WYNDLEY HOMES LIMITED (REGISTERED NUMBER: 01222990)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 3,654,767
Revaluations 2,520,935
At 31 March 2023 6,175,702
NET BOOK VALUE
At 31 March 2023 6,175,702
At 31 March 2022 3,654,767

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 2,520,935
Cost 3,654,767
6,175,702

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

2023 2022
as restated
£    £   
Cost 3,654,767 3,654,767

Investment property was valued on an open market basis on 14 December 2023 by Green & Co (Commercial Services) Ltd .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 11,262 -
Other debtors 5,801 2,440
17,063 2,440

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Taxation and social security 78,412 162,049
Other creditors 225,795 244,385
304,207 406,434