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REGISTERED NUMBER: 04470932














WILSON DESIGNER HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WILSON DESIGNER HOMES LIMITED (REGISTERED NUMBER: 04470932)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILSON DESIGNER HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S A Wilson
S J Wilson





SECRETARY: S J Warman





REGISTERED OFFICE: 12 Fratton Road
Portsmouth
Hampshire
PO1 5BX





REGISTERED NUMBER: 04470932





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

WILSON DESIGNER HOMES LIMITED (REGISTERED NUMBER: 04470932)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 836 453

CURRENT ASSETS
Inventories 5 3,476,230 1,613,136
Debtors 6 66,982 46,232
Cash at bank and in hand 56,655 41,492
3,599,867 1,700,860
CREDITORS
Amounts falling due within one year 7 3,544,350 1,615,110
NET CURRENT ASSETS 55,517 85,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,353

86,203

CAPITAL AND RESERVES
Called up share capital 9 8 8
Retained earnings 10 56,345 86,195
SHAREHOLDERS' FUNDS 56,353 86,203

WILSON DESIGNER HOMES LIMITED (REGISTERED NUMBER: 04470932)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 30 October 2024 and were signed on its behalf by:




S A Wilson - Director



S J Wilson - Director


WILSON DESIGNER HOMES LIMITED (REGISTERED NUMBER: 04470932)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wilson Designer Homes Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 20% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

WILSON DESIGNER HOMES LIMITED (REGISTERED NUMBER: 04470932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 4,428 13,408 17,836
Additions 133 893 1,026
At 31 March 2024 4,561 14,301 18,862
DEPRECIATION
At 1 April 2023 4,238 13,145 17,383
Charge for year 81 562 643
At 31 March 2024 4,319 13,707 18,026
NET BOOK VALUE
At 31 March 2024 242 594 836
At 31 March 2023 190 263 453

5. INVENTORIES
2024 2023
£    £   
Work-in-progress 3,476,230 1,613,136

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,709
Other debtors 55,370 33,715
VAT 9,228 8,839
Prepayments 2,384 1,969
66,982 46,232

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 23,270 33,207
Other loans (see note 8) 2,422,151 1,057,583
Trade creditors 322,408 42,015
Amounts owed to group undertakings 717,500 400,000
Corporation tax - 362
Social security and other taxes - 113
Other creditors - 1,370
Directors' current accounts 55,521 78,885
Accruals and deferred income 2,000 -
Accrued expenses 1,500 1,575
3,544,350 1,615,110

WILSON DESIGNER HOMES LIMITED (REGISTERED NUMBER: 04470932)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 23,270 33,207
Other loans 2,422,151 1,057,583
2,445,421 1,090,790

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 A Ordinary £1 2 2
6 B Ordinary £1 6 6
8 8

10. RESERVES
Retained
earnings
£   

At 1 April 2023 86,195
Deficit for the year (29,850 )
At 31 March 2024 56,345

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is WDH Group Limited by virtue of a 75% holding of the issued share capital.