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REGISTERED NUMBER: 12466155 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WYTHER LANE LTD

WYTHER LANE LTD (REGISTERED NUMBER: 12466155)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYTHER LANE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: D Weis





REGISTERED OFFICE: 21 Grosvenor Way
London
E5 9ND





REGISTERED NUMBER: 12466155 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

WYTHER LANE LTD (REGISTERED NUMBER: 12466155)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investment property 4 917,587 917,587

CURRENT ASSETS
Debtors 5 170,500 20,458
Cash at bank 10,025 6,601
180,525 27,059
CREDITORS
Amounts falling due within one year 6 (415,374 ) (192,799 )
NET CURRENT LIABILITIES (234,849 ) (165,740 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

682,738

751,847

CREDITORS
Amounts falling due after more than one
year

7

(744,947

)

(773,159

)
NET LIABILITIES (62,209 ) (21,312 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (62,210 ) (21,313 )
SHAREHOLDERS' FUNDS (62,209 ) (21,312 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WYTHER LANE LTD (REGISTERED NUMBER: 12466155)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





D Weis - Director


WYTHER LANE LTD (REGISTERED NUMBER: 12466155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Wyther Lane Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 rent receivable, excluding value added tax.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2023 - NIL).

WYTHER LANE LTD (REGISTERED NUMBER: 12466155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 917,587
NET BOOK VALUE
At 29 February 2024 917,587
At 28 February 2023 917,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 9,500 18,166
Other debtors 161,000 -
VAT - 2,292
170,500 20,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 4,430 4,430
VAT 1,586 -
Other creditors 407,898 187,719
Accrued expenses 1,460 650
415,374 192,799

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yr by instal 54,947 83,159
Bank loans more 5 yrs non-inst 690,000 690,000
744,947 773,159

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 690,000 690,000

Repayable by instalments
Bank loans more 5 yr by instal 54,947 83,159

WYTHER LANE LTD (REGISTERED NUMBER: 12466155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 744,947 773,159

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 March 2023 (21,313 )
Deficit for the year (40,897 )
At 29 February 2024 (62,210 )

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Weis.