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Registered number: 08744647
Wyndham Street Holdings Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
MD Accountancy Team Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08744647
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 150,000 1,100,000
150,000 1,100,000
CURRENT ASSETS
Debtors 5 - 2,713
Cash at bank and in hand 7,118 8,711
7,118 11,424
Creditors: Amounts Falling Due Within One Year 6 (212,224 ) (436,065 )
NET CURRENT ASSETS (LIABILITIES) (205,106 ) (424,641 )
TOTAL ASSETS LESS CURRENT LIABILITIES (55,106 ) 675,359
Creditors: Amounts Falling Due After More Than One Year 7 (260,413 ) (52,623 )
NET (LIABILITIES)/ASSETS (315,519 ) 622,736
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (315,619 ) 622,636
SHAREHOLDERS' FUNDS (315,519) 622,736
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 David Harris
Director
20/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wyndham Street Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08744647 . The registered office is 1 James Whatman Court, Turkey Mill, Ashford Road, Maidstone, Kent, ME14 5PP.
The Profit & Loss Account has not been delivered to the Registrar of Companies. The Accounts present information about Wydham Street Holdings Limited as an individual undertaking and not about its group. Group Accounts are not required as the company is the parent of a "small" group.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.Turnover from the rendering of services is recognised by reference to the stage of completion of the contract
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.5. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at the higher of fair value or value in use.  Changes in fair value are included in the profit and loss account.
2.6. Registrar Filing Requirements
The Accounts present information about Wyndham Street Holdings Limited as an individual undertaking and not about its group. Group accounts are not required as the company is the parent of a "small" Group
3. Average Number of Employees
Average number of employees, including directors, during the year was 2 (2023: 2)
2 2
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4. Investments
Unlisted
£
Cost
As at 1 July 2023 1,418,580
As at 30 June 2024 1,418,580
Provision
As at 1 July 2023 318,580
Revaluations 950,000
As at 30 June 2024 1,268,580
Net Book Value
As at 30 June 2024 150,000
As at 1 July 2023 1,100,000
The Company holds 100% of the A & B ordinary Shares of Goldhawk Associates Limited, a company incorporated in England. Its Aggregate Share Capital and Reserves as at 30 June 2024 was £37,517 and its net profit for the year ending 30 June 2024 was £47,490. The fair value of the investment was re-assessed by the directors as at 30 June 2024 at market value at £150,000 based on a report commissioned from an independent firm of Chartered Accountants, who used a multiple of EBIT. It had been revalued at 30 June 2023 by the directors at £1,100,000 using Discounted Cash Flow of expected profits . 
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 2,713
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 56,657 56,250
Corporation tax 11,084 9,385
Other taxes and social security - 305
Directors' loan accounts - 268,612
Amounts owed to subsidiaries 144,483 101,513
212,224 436,065
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 52,623
Directors loan account 260,413 -
260,413 52,623
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8. Secured Creditors
Included in bank loans is a loan facility of £950,000 at inception (July 2014), with a term of 10 years 9 months with monthly capital repayments. The loan is secured by way of a debenture over Goldhawk Associates Limited, and by a charge over the Directors properties. 
2024 2023
£ £
Bank loans and overdrafts 56,657 108,873
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 July 2023 -
Deficit on revaluation 950,000
Transfer to profit and loss (950,000 )
As at 30 June 2024 -
The investment in Subsidiary was revalued as at 30 June 2024. Prior to revaluation, it was carried at £1,100,000 and its current value has been assessed as £150,000. This revaluation has no impact on corporation tax.
11. Controlling Party Not Known
The company's controlling party is the board of directors.
12. Additional Notes
Following the revaluation of the goodwill in its subsidiary, the balance sheet is insolvent and the company is reliant on loans from the directors. The directors remain commited to supporting the company and do not intend to recall their loans until such time as a positive net asset position is recovered.
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