Company registration number 01299797 (England and Wales)
WICKHAM RYE & CO LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
WICKHAM RYE & CO LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
WICKHAM RYE & CO LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
30 September 2024
31 March 2023
Notes
£
£
£
£
Fixed assets
Investments
4
1
500
Current assets
Stocks
95,000
182,970
Debtors
5
197,895
162,595
Cash at bank and in hand
137,938
99,885
430,833
445,450
Creditors: amounts falling due within one year
6
(13,018)
(55,821)
Net current assets
417,815
389,629
Net assets
417,816
390,129
Capital and reserves
Called up share capital
7
1,200
1,200
Profit and loss reserves
416,616
388,929
Total equity
417,816
390,129
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial Period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 28 April 2025 and are signed on its behalf by:
S C E Inchbald
Director
Company registration number 01299797 (England and Wales)
WICKHAM RYE & CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information
Wickham Rye & Co Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared for the period from 1st April 2023 to 30th September 2024 in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is measured at the fair value of the consideration receivable for the sale and rental of property.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
33% staight line
Fixtures, fittings & equipment
15% reducing balance
Computer equipment
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Fixed asset investments
Interests in subsidiaries and other investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Stocks
Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of land purchase, legal fees, finance costs and other direct costs that have been incurred in bringing the stocks to their present condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
WICKHAM RYE & CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Basic financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2023 - 2).
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 and 30 September 2024
16,718
Depreciation and impairment
At 1 April 2023 and 30 September 2024
16,718
Carrying amount
At 30 September 2024
At 31 March 2023
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1
Other investments other than loans
500
1
500
WICKHAM RYE & CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
4
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in subsidiaries
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2023
-
500
500
Additions
1
-
1
Disposals
-
(500)
(500)
At 30 September 2024
1
-
1
Carrying amount
At 30 September 2024
1
-
1
At 31 March 2023
-
500
500
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
197,895
162,595
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
13,018
55,821
7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
8,000 Ordinary shares of 10p each
800
800
800
800
Preference share capital
Issued and fully paid
4,000 Preference shares of 10p each
400
400
400
400
WICKHAM RYE & CO LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 5 -
8
Comparative figures
During the year, the directors have decided to change the financial year end to 30 September from 31 March and accordingly, the financial statements are prepared for the eighteen-month period from 1 April 2023 to 30 September 2024. Therefore, the comparative figures presented in the financial statements are not entirely comparable as they represent the twelve-month period.