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COMPANY REGISTRATION NUMBER: 14371313
WYKE HOMES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2023
WYKE HOMES LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 22 SEPTEMBER 2022 TO 30 SEPTEMBER 2023
CONTENTS
PAGE
Statement of financial position
1
Notes to the financial statements
3
WYKE HOMES LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2023
30 Sep 23
Note
£
£
CURRENT ASSETS
Stocks
4
245,239
Debtors
5
500
Cash at bank and in hand
100
-----------
245,839
CREDITORS: amounts falling due within one year
6
246,131
-----------
NET CURRENT LIABILITIES
292
-----
TOTAL ASSETS LESS CURRENT LIABILITIES
( 292)
-----
NET LIABILITIES
( 292)
-----
WYKE HOMES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2023
30 Sep 23
Note
£
£
CAPITAL AND RESERVES
Called up share capital
7
100
Profit and loss account
( 392)
-----
SHAREHOLDERS DEFICIT
( 292)
-----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024 , and are signed on behalf of the board by:
Mr S Dunbar
Director
Company registration number: 14371313
WYKE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 22 SEPTEMBER 2022 TO 30 SEPTEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The continuation of the company's activities is dependent on the continuing financial support of the directors and other creditors. The directors have confirmed that in their opinion, this financial support will continue and therefore the financial statements have been prepared on the going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
4. STOCKS
30 Sep 23
£
Stock of land
245,239
-----------
5. DEBTORS
30 Sep 23
£
Other debtors
500
-----
6. CREDITORS: amounts falling due within one year
30 Sep 23
£
Amounts owed to undertakings in which the company has a participating interest
245,781
Accruals and deferred income
350
-----------
246,131
-----------
7. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
30 Sep 23
No.
£
Ordinary shares of £ 1 each
100
100
-----
-----
100 shares were issued at £1 each on the date of incorporation.