Registered number
06245093
WYV Properties Limited
Filleted Accounts
31 May 2023
WYV Properties Limited Registered number
Balance Sheet 06245093
as at 31 May 2023
Notes 2023 2022
£ £
Current assets
Stocks 551,906 467,399
Debtors 3 103,921 54,398
Cash at bank and in hand 1,508 226
657,335 522,023
Creditors: amounts falling due within one year 4 (104,839) (78,097)
Net current assets 552,496 443,926
Total assets less current liabilities 552,496 443,926
Creditors: amounts falling due after more than one year 5 (34,723) (40,278)
Net assets 517,773 403,648
Capital and reserves
Called up share capital 2 2
Profit and loss account 517,771 403,646
Shareholders' funds 517,773 403,648
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P A L Smith
Director
Approved by the board on 20 September 2024
WYV Properties Limited
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard.
Turnover
Turnover represents commission, fee and other income receivable.
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Employees 2023 2022
Number Number
Average number of employees and company officers 1 1
3 Debtors 2023 2022
£ £
Other debtors 103,921 54,398
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan 5,555 5,555
Corporation tax 92,509 68,332
Other creditors 6,775 4,210
104,839 78,097
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 34,723 40,278
6 Bank loan 2023 2022
£ £
The bank loan includes:
Instalments falling due after more than five years 12,500 18,056
7 Controlling party
Mr P A L Smith exercises significant control over the company.
8 Other information
WYV Properties Limited is a private company limited by shares and incorporated in England. Its registered office is 6 Crown Street, Brentwood, Essex CM14 4BA.
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