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Registered number: 14109043
Wye Buildings Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14109043
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 380,671 -
380,671 -
CURRENT ASSETS
Debtors 5 - 275
Cash at bank and in hand 1,602 327
1,602 602
Creditors: Amounts Falling Due Within One Year 6 (130,147 ) (3,625 )
NET CURRENT ASSETS (LIABILITIES) (128,545 ) (3,023 )
TOTAL ASSETS LESS CURRENT LIABILITIES 252,126 (3,023 )
Creditors: Amounts Falling Due After More Than One Year 7 (268,216 ) -
NET LIABILITIES (16,090 ) (3,023 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (16,091 ) (3,024 )
SHAREHOLDERS' FUNDS (16,090) (3,023)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Joseph Pawson
Director
07/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wye Buildings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14109043 . The registered office is Lytchett House, 13 Freeland Park, Wareham Road, Poole, BH16 6FA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director's who have undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Straight Line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. The fair value of property is based on director's valuations and has not been based on a valuation by an independent valuer with a professional qualification. No depreciation is provided for. 
Changes in fair value are recognised in the profit and loss account.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Investment Properties Computer Equipment Total
£ £ £
Cost or Valuation
As at 1 June 2023 - - -
Additions 397,328 895 398,223
Revaluation (17,328 ) - (17,328 )
As at 31 May 2024 380,000 895 380,895
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 June 2023 - - -
Provided during the period - 224 224
As at 31 May 2024 - 224 224
Net Book Value
As at 31 May 2024 380,000 671 380,671
As at 1 June 2023 - - -
5. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Prepayments and accrued income - 275
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Corporation tax 191 -
Other creditors - 1,025
Director's loan account 129,956 2,600
130,147 3,625
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 31 May 2023
£ £
Bank loans 268,216 -
8. Secured Creditors
Of the creditors falling due after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with terms of 25 years.
31 May 2024 31 May 2023
£ £
Bank loans and overdrafts 126,216 -
9. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4