IRIS Accounts Production v25.1.0.734 11495467 Board of Directors 1.9.23 31.8.24 31.8.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114954672023-08-31114954672024-08-31114954672023-09-012024-08-31114954672022-08-31114954672022-09-012023-08-31114954672023-08-3111495467ns15:EnglandWales2023-09-012024-08-3111495467ns14:PoundSterling2023-09-012024-08-3111495467ns10:Director12023-09-012024-08-3111495467ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3111495467ns10:SmallEntities2023-09-012024-08-3111495467ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3111495467ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3111495467ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3111495467ns10:AbridgedAccounts2023-09-012024-08-3111495467ns10:Director22023-09-012024-08-3111495467ns10:RegisteredOffice2023-09-012024-08-3111495467ns5:CurrentFinancialInstruments2024-08-3111495467ns5:CurrentFinancialInstruments2023-08-3111495467ns5:Non-currentFinancialInstruments2024-08-3111495467ns5:Non-currentFinancialInstruments2023-08-3111495467ns5:ShareCapital2024-08-3111495467ns5:ShareCapital2023-08-3111495467ns5:FurtherSpecificReserve3ComponentTotalEquity2024-08-3111495467ns5:FurtherSpecificReserve3ComponentTotalEquity2023-08-3111495467ns5:RetainedEarningsAccumulatedLosses2024-08-3111495467ns5:RetainedEarningsAccumulatedLosses2023-08-3111495467ns5:DeferredTaxation2023-08-3111495467ns5:DeferredTaxation2024-08-31114954671ns10:Director12023-08-31114954671ns10:Director12022-08-31114954671ns10:Director12023-09-012024-08-31114954671ns10:Director12022-09-012023-08-31114954671ns10:Director12024-08-31114954671ns10:Director12023-08-3111495467ns10:Director222023-08-3111495467ns10:Director222022-08-3111495467ns10:Director222023-09-012024-08-3111495467ns10:Director222022-09-012023-08-3111495467ns10:Director222024-08-3111495467ns10:Director222023-08-31
REGISTERED NUMBER: 11495467 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

WVC PARK HOMES LIMITED

WVC PARK HOMES LIMITED (REGISTERED NUMBER: 11495467)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WVC PARK HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: W A Dowling
W R J Dowling





REGISTERED OFFICE: Felstead Manor
Long Lane
Staines Upon Thames
Middlesex
TW19 7AN





REGISTERED NUMBER: 11495467 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

WVC PARK HOMES LIMITED (REGISTERED NUMBER: 11495467)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,446,318 11,446,318
Investments 5 201 101
11,446,519 11,446,419

CURRENT ASSETS
Debtors 4,467,149 4,017,649
Prepayments and accrued income 17,499 23,464
4,484,648 4,041,113
CREDITORS
Amounts falling due within one year 5,430,623 4,966,830
NET CURRENT LIABILITIES (945,975 ) (925,717 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,500,544

10,520,702

CREDITORS
Amounts falling due after more than one
year

(7,890,646

)

(8,203,255

)

PROVISIONS FOR LIABILITIES 6 (202,084 ) (202,084 )
NET ASSETS 2,407,814 2,115,363

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Non-distributable reserve 7 606,254 606,254
Retained earnings 1,800,560 1,508,109
SHAREHOLDERS' FUNDS 2,407,814 2,115,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

WVC PARK HOMES LIMITED (REGISTERED NUMBER: 11495467)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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:





W R J Dowling - Director


WVC PARK HOMES LIMITED (REGISTERED NUMBER: 11495467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

WVC Park Homes 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for operating licence fees.

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

Taxation
Taxation for the year 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.

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 year 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 year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 11,446,318
NET BOOK VALUE
At 31 August 2024 11,446,318
At 31 August 2023 11,446,318

WVC PARK HOMES LIMITED (REGISTERED NUMBER: 11495467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2024 is represented by:

Totals
£   
Valuation in 2022 808,338
Cost 10,637,980
11,446,318

If the freehold property had not been revalued it would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 10,637,980 10,637,980

The freehold property was valued on an open market basis on 16 February 2022 by Avison Young (UK) Limited .

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2023 101
Additions 100
At 31 August 2024 201
NET BOOK VALUE
At 31 August 2024 201
At 31 August 2023 101

6. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 202,084 202,084

Deferred
tax
£   
Balance at 1 September 2023 202,084
Balance at 31 August 2024 202,084

7. RESERVES

Retained earnings is a distributable profit reserve, comprising of cumulative profits and losses, net of dividends.

The non-distributable reserve is the freehold property revaluation reserve, comprising of non-distributable profits on gains and losses on the revaluation of freehold property, net of deferred taxation.

WVC PARK HOMES LIMITED (REGISTERED NUMBER: 11495467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
W R J Dowling
Balance outstanding at start of year 306,750 -
Amounts advanced - 306,750
Amounts repaid (306,750 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 306,750

W A Dowling
Balance outstanding at start of year - -
Amounts advanced 511,250 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 511,250 -

Interest has been charged by the company on the advances shown above, at a rate not less than 2.25% per annum.

The outstanding loan advance shown above was repaid in full by the director prior to 31 May 2025.

9. RELATED PARTY TRANSACTIONS

Included in amounts owed to associates within creditors is £4,665,000 (2023: £3,215,000) due to WVC Land & Developments Limited and £nil (2023: £700,442) due to WVC Vehicle Solutions Limited, both companies controlled by W R J Dowling. Interest has not been charged to the company by these associates.