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REGISTERED NUMBER: 04510806 (England and Wales)















Financial Statements

for the Period 24 February 2023 to 22 February 2024

for

Wye Group Holdings Limited

Wye Group Holdings Limited (Registered number: 04510806)

Contents of the Financial Statements
for the Period 24 February 2023 to 22 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wye Group Holdings Limited

Company Information
for the Period 24 February 2023 to 22 February 2024







DIRECTORS: R N R Jones
Mrs M J Jones





SECRETARY: Mrs M J Jones





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 04510806 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Wye Group Holdings Limited (Registered number: 04510806)

Balance Sheet
22 February 2024

22.2.24 23.2.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 511,617 512,755
Investments 5 4 4
511,621 512,759

CURRENT ASSETS
Debtors 6 35,337 32,375
Cash at bank 13,521 584
48,858 32,959
CREDITORS
Amounts falling due within one year 7 (278,546 ) (505,359 )
NET CURRENT LIABILITIES (229,688 ) (472,400 )
TOTAL ASSETS LESS CURRENT LIABILITIES 281,933 40,359

CREDITORS
Amounts falling due after more than one
year

8

(280,692

)

(25,713

)
NET ASSETS 1,241 14,646

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 1,237 14,642
SHAREHOLDERS' FUNDS 1,241 14,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 22 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 22 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Wye Group Holdings Limited (Registered number: 04510806)

Balance Sheet - continued
22 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:





Mrs M J Jones - Director


Wye Group Holdings Limited (Registered number: 04510806)

Notes to the Financial Statements
for the Period 24 February 2023 to 22 February 2024


1. STATUTORY INFORMATION

Wye Group Holdings Limited 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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets
No depreciation is provided on land and buildings because in the opinion of the director the residual value is in excess of the value of the property as stated in the financial statements.

The director conducts an annual impairment review and where it is felt that the carrying value of the freehold property would exceed the open market value an appropriate periodic depreciation charge will be made in the financial statements.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Plant and machinery - 25% reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Wye Group Holdings Limited (Registered number: 04510806)

Notes to the Financial Statements - continued
for the Period 24 February 2023 to 22 February 2024


2. ACCOUNTING POLICIES - continued
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 period 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 period was 2 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 24 February 2023
and 22 February 2024 507,062 7,718 514,780
DEPRECIATION
At 24 February 2023 - 2,025 2,025
Charge for period - 1,138 1,138
At 22 February 2024 - 3,163 3,163
NET BOOK VALUE
At 22 February 2024 507,062 4,555 511,617
At 23 February 2023 507,062 5,693 512,755

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 24 February 2023
and 22 February 2024 4
NET BOOK VALUE
At 22 February 2024 4
At 23 February 2023 4

Wye Group Holdings Limited (Registered number: 04510806)

Notes to the Financial Statements - continued
for the Period 24 February 2023 to 22 February 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22.2.24 23.2.23
£    £   
Amounts owed by group undertakings 32,373 32,373
Other debtors 2,964 2
35,337 32,375

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22.2.24 23.2.23
£    £   
Bank loans and overdrafts 53,075 325,052
Trade creditors - 2,575
Tax 4,924 4,924
Social security and other taxes 1,883 4,758
VAT 11,879 3,083
Other creditors 15,568 38,132
Directors' current accounts 184,217 124,135
Deferred income 794 -
Accrued expenses 6,206 2,700
278,546 505,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
22.2.24 23.2.23
£    £   
Bank loans - 1-2 years 53,075 3,367
Bank loans - 2-5 years 160,768 10,101
Bank loans more 5 yr by instal 61,964 7,360
Other creditors 4,885 4,885
280,692 25,713

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 61,964 7,360

9. RELATED PARTY DISCLOSURES

At the year end the company owed the directors' £184,217 (2023: £124,135) in respect of their directors' loan account.

This loan is interest free and repayable on demand.