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REGISTERED NUMBER: 10093724 (England and Wales)


















Ward Homes Yorkshire Limited

Unaudited Financial Statements for the Year Ended 31st March 2025






Ward Homes Yorkshire Limited (Registered number: 10093724)






Contents of the Financial Statements
for the year ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ward Homes Yorkshire Limited

Company Information
for the year ended 31st March 2025







DIRECTOR: C H Ward





REGISTERED OFFICE: Village Farm
Main Street
Seaton
Hull
East Yorkshire
HU11 5RA





REGISTERED NUMBER: 10093724 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Ward Homes Yorkshire Limited (Registered number: 10093724)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,323 83,845

CURRENT ASSETS
Stocks 2,528,681 5,315,343
Debtors 5 59,418 880,134
Cash at bank 602,947 1,922,051
3,191,046 8,117,528
CREDITORS
Amounts falling due within one year 6 535,105 4,975,531
NET CURRENT ASSETS 2,655,941 3,141,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,707,264

3,225,842

CREDITORS
Amounts falling due after more than one
year

7

-

(1,155,976

)

PROVISIONS FOR LIABILITIES (12,809 ) (20,919 )
NET ASSETS 2,694,455 2,048,947

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 2,694,454 2,048,946
2,694,455 2,048,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ward Homes Yorkshire Limited (Registered number: 10093724)

Balance Sheet - continued
31st March 2025


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th June 2025 and were signed by:





C H Ward - Director


Ward Homes Yorkshire Limited (Registered number: 10093724)

Notes to the Financial Statements
for the year ended 31st March 2025

1. STATUTORY INFORMATION

Ward Homes Yorkshire 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of property
Turnover from the sale of property is recognised when legal exchange of contract has taken place by the balance sheet date and the property is, at that time, substantially complete.

Contracts
Turnover from contracts is recognised based on the percentage stage of completion at the balance sheet date.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc- 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


Ward Homes Yorkshire Limited (Registered number: 10093724)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtor and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

Ward Homes Yorkshire Limited (Registered number: 10093724)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2024 129,921
Additions 5,310
Disposals (53,600 )
At 31st March 2025 81,631
DEPRECIATION
At 1st April 2024 46,076
Charge for year 11,702
Eliminated on disposal (27,470 )
At 31st March 2025 30,308
NET BOOK VALUE
At 31st March 2025 51,323
At 31st March 2024 83,845

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 59,418 880,134

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 3,426,205
Hire purchase contracts 13,907 17,216
Trade creditors 236,029 523,990
Taxation and social security 237,221 81,409
Other creditors 47,948 926,711
535,105 4,975,531

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1,142,069
Hire purchase contracts - 13,907
- 1,155,976

Ward Homes Yorkshire Limited (Registered number: 10093724)

Notes to the Financial Statements - continued
for the year ended 31st March 2025

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans - 4,568,274

The bank loan is secured by a fixed charge over the assets of the company.

9. CALLED UP SHARE CAPITAL

The share capital of £1 (2024: £1) is allotted, called up and fully paid.

10. RELATED PARTY DISCLOSURES

Key management personnel of the entity
2025 2024
£ £
Amount due to related party 7,425 911,500