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REGISTERED NUMBER: 10534335 (England and Wales)











THE WESLEY GROUP LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






THE WESLEY GROUP LIMITED (REGISTERED NUMBER: 10534335)

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










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


THE WESLEY GROUP LIMITED (REGISTERED NUMBER: 10534335)

ABRIDGED BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 262,231 95,309
Investments 5 100 100
Investment property 6 239,359 239,359
501,690 334,768

CURRENT ASSETS
Debtors 33,859 4,738
Prepayments and accrued income 2,571 1,352
Cash at bank and in hand 3,946,098 4,053,757
3,982,528 4,059,847
CREDITORS
Amounts falling due within one year 7,295 7,043
NET CURRENT ASSETS 3,975,233 4,052,804
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,476,923

4,387,572

PROVISIONS FOR LIABILITIES (65,558 ) -

ACCRUALS AND DEFERRED INCOME (2,250 ) -
NET ASSETS 4,409,115 4,387,572

CAPITAL AND RESERVES
Called up share capital 7 200 200
Capital redemption reserve 100 100
Retained earnings 4,408,815 4,387,272
SHAREHOLDERS' FUNDS 4,409,115 4,387,572

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 WESLEY GROUP LIMITED (REGISTERED NUMBER: 10534335)

ABRIDGED BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





N S Heskins - Director


THE WESLEY GROUP LIMITED (REGISTERED NUMBER: 10534335)

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


1. STATUTORY INFORMATION

The Wesley Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10534335

Registered office: 3 Weekley Wood Close
Kettering
Northamptonshire
NN14 1UQ

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.

Preparation of consolidated financial statements
The financial statements contain information about The Wesley Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

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 - 5% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


THE WESLEY GROUP LIMITED (REGISTERED NUMBER: 10534335)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 105,899
Additions 180,739
At 31 May 2024 286,638
DEPRECIATION
At 1 June 2023 10,590
Charge for year 13,817
At 31 May 2024 24,407
NET BOOK VALUE
At 31 May 2024 262,231
At 31 May 2023 95,309

THE WESLEY GROUP LIMITED (REGISTERED NUMBER: 10534335)

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


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 239,359
NET BOOK VALUE
At 31 May 2024 239,359
At 31 May 2023 239,359

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 B Ordinary £1 100 100
200 200

8. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had commitments, in the form of operating leases, amounting to £61,314 (2023 - £nil).