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Registered number: 1998042
Wepre Villa Homes Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 1998042
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 339,238 359,607
339,238 359,607
CURRENT ASSETS
Stocks 5 1,700 2,181
Debtors 6 1,271,952 1,023,049
Cash at bank and in hand 51,964 28,155
1,325,616 1,053,385
Creditors: Amounts Falling Due Within One Year 7 (142,303 ) (112,719 )
NET CURRENT ASSETS (LIABILITIES) 1,183,313 940,666
TOTAL ASSETS LESS CURRENT LIABILITIES 1,522,551 1,300,273
NET ASSETS 1,522,551 1,300,273
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 1,522,451 1,300,173
SHAREHOLDERS' FUNDS 1,522,551 1,300,273
Page 1
Page 2
For the year ending 31 July 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 Mahendran Bakeirathan
Director
15th April 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
Wepre Villa Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 1998042 . The registered office is Hall Lane, Connahs Quay, Deeside, Flintshire, CH5 4LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Freehold 2% straight line
Motor Vehicles 25% straight line
Fixtures & Fittings 10% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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: 41 (2023: 35)
41 35
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 August 2023 662,124 327,934 990,058
As at 31 July 2024 662,124 327,934 990,058
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 August 2023 373,786 256,665 630,451
Provided during the period 13,242 7,127 20,369
As at 31 July 2024 387,028 263,792 650,820
Net Book Value
As at 31 July 2024 275,096 64,142 339,238
As at 1 August 2023 288,338 71,269 359,607
5. Stocks
2024 2023
£ £
Stock 1,700 2,181
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 105,589 118,291
Prepayments and accrued income 2,773 9,316
Other debtors 7,400 17,241
Amounts owed by group undertakings 760,920 664,920
Amounts owed by associates 395,270 213,281
1,271,952 1,023,049
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 17,335 14,528
Corporation tax 83,098 54,856
Other taxes and social security 16,981 17,357
Other creditors 11,769 2,623
Accruals and deferred income 10,122 23,057
Director's loan account 2,998 298
142,303 112,719
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1 each 100 100
Page 4
Page 5
9. Ultimate Parent Undertaking and Controlling Party
Gem Care Ltd is the Parent Undertaking and Controlling Party. The company registration number is 5497879.
Page 5