Company Registration No. 11608275 (England and Wales)
WYNDHAM PROPERTY GROUP LIMITED
Unaudited accounts
for the year ended 31 October 2023
WYNDHAM PROPERTY GROUP LIMITED
Unaudited accounts
Contents
WYNDHAM PROPERTY GROUP LIMITED
Company Information
for the year ended 31 October 2023
Directors
Akintade Akinbiyi
Muyideen A Bankole
Tayo Akinbiyi
Company Number
11608275 (England and Wales)
Registered Office
The Long Barn Cobham Park Road
Downside
Cobham
KT11 3NE
England
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
WYNDHAM PROPERTY GROUP LIMITED
Accountants' report
Accountants' report to the board of directors of WYNDHAM PROPERTY GROUP LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
WYNDHAM PROPERTY GROUP LIMITED for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of WYNDHAM PROPERTY GROUP LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of WYNDHAM PROPERTY GROUP LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WYNDHAM PROPERTY GROUP LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that WYNDHAM PROPERTY GROUP LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of WYNDHAM PROPERTY GROUP LIMITED. You consider that WYNDHAM PROPERTY GROUP LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of WYNDHAM PROPERTY GROUP LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
21 February 2024
WYNDHAM PROPERTY GROUP LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
293,901
789
Cash at bank and in hand
489
292,546
Creditors: amounts falling due within one year
(447,369)
(389,885)
Net current liabilities
(402,526)
(63,474)
Net liabilities
(108,625)
(62,685)
Called up share capital
300
300
Profit and loss account
(108,925)
(62,985)
Shareholders' funds
(108,625)
(62,685)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
Akintade Akinbiyi
Director
Company Registration No. 11608275
WYNDHAM PROPERTY GROUP LIMITED
Notes to the Accounts
for the year ended 31 October 2023
WYNDHAM PROPERTY GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11608275. The registered office is The Long Barn Cobham Park Road, Downside, Cobham, KT11 3NE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
-
150
1,255
1,405
Additions
292,572
850
-
293,422
At 31 October 2023
292,572
1,000
1,255
294,827
At 1 November 2022
-
67
549
616
Charge for the year
-
134
176
310
At 31 October 2023
-
201
725
926
At 31 October 2023
292,572
799
530
293,901
At 31 October 2022
-
83
706
789
Amounts falling due within one year
Trade debtors
44,354
33,865
WYNDHAM PROPERTY GROUP LIMITED
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
38,671
55,156
Taxes and social security
1,766
722
Other creditors
59,974
59,974
Loans from directors
346,693
272,718
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan account
(136,359)
(43,286)
(6,299)
(173,346)
Director Loan Account
(136,359)
(43,286)
(6,299)
(173,346)
(272,718)
(86,572)
(12,598)
(346,692)
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).