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REGISTERED NUMBER: 08626526 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Wynyard Residential Company Ltd

Wynyard Residential Company Ltd (Registered number: 08626526)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wynyard Residential Company Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTOR: S Miller





REGISTERED OFFICE: 42 The Granary
Wynyard
Billingham
Cleveland
TS22 5QG





REGISTERED NUMBER: 08626526 (England and Wales)






Wynyard Residential Company Ltd (Registered number: 08626526)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,020 23,250

CURRENT ASSETS
Stocks 395,478 69,682
Debtors 5 193,670 186,892
Cash at bank 112,008 177,306
701,156 433,880
CREDITORS
Amounts falling due within one year 6 (443,940 ) (267,601 )
NET CURRENT ASSETS 257,216 166,279
TOTAL ASSETS LESS CURRENT LIABILITIES 261,236 189,529

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 261,126 189,419
261,236 189,529

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

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

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 18th January 2024 and were signed by:




S Miller - Director


Wynyard Residential Company Ltd (Registered number: 08626526)

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

1. STATUTORY INFORMATION

Wynyard Residential Company Ltd 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Wynyard Residential Company Ltd (Registered number: 08626526)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2022 728 13,066 41,301 2,456 57,551
Disposals - - (41,301 ) - (41,301 )
At 31st March 2023 728 13,066 - 2,456 16,250
DEPRECIATION
At 1st April 2022 585 8,907 23,877 932 34,301
Charge for year 36 1,040 - 730 1,806
Eliminated on disposal - - (23,877 ) - (23,877 )
At 31st March 2023 621 9,947 - 1,662 12,230
NET BOOK VALUE
At 31st March 2023 107 3,119 - 794 4,020
At 31st March 2022 143 4,159 17,424 1,524 23,250

Included within motor vehicles are items secured on finance with a net book value of £17,424 (2021- £23,232).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 160,163 160,163
Directors' current accounts 31,548 23,983
VAT - 787
Prepayments and accrued income 1,959 1,959
193,670 186,892

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 1,750
Payments on account 162,673 -
Tax 9,774 -
VAT 7,619 -
Other creditors 260,779 265,086
Directors' current accounts 2,330 -
Accrued expenses 765 765
443,940 267,601

Wynyard Residential Company Ltd (Registered number: 08626526)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 1,750

8. OTHER FINANCIAL COMMITMENTS

Included within creditors is an amount of £166,060 (2021 - £160,303). This relates to a loan from the Barry Miller Pension Scheme.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
B Miller
Balance outstanding at start of year 23,985 (20,822 )
Amounts advanced - 50,000
Amounts repaid (23,985 ) (5,193 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 23,985