Company Registration No. 13272885 (England and Wales)
WEP HOMES LIMITED
Unaudited accounts
for the year ended 31 March 2025
WEP HOMES LIMITED
Unaudited accounts
Contents
WEP HOMES LIMITED
Company Information
for the year ended 31 March 2025
Director
Emily Ming Lei Cheung
Company Number
13272885 (England and Wales)
Registered Office
74 BRISTOL STREET
BIRMINGHAM
B5 7AH
ENGLAND
WEP HOMES LIMITED
Statement of financial position
as at 31 March 2025
Investment property
795,000
805,000
Cash at bank and in hand
13,992
9,052
Creditors: amounts falling due within one year
(30,707)
(29,944)
Net current liabilities
(16,715)
(20,887)
Total assets less current liabilities
778,285
784,113
Creditors: amounts falling due after more than one year
(658,482)
(663,772)
Provisions for liabilities
Deferred tax
(23,353)
(23,353)
Called up share capital
12
12
Profit and loss account
96,438
96,976
Shareholders' funds
96,450
96,988
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 July 2025 and were signed on its behalf by
Emily Ming Lei Cheung
Director
Company Registration No. 13272885
WEP HOMES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
WEP HOMES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13272885. The registered office is 74 BRISTOL STREET, BIRMINGHAM, B5 7AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
805,000
Net loss from fair value adjustments
(10,000)
Amounts falling due within one year
Accrued income and prepayments
-
5
WEP HOMES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
27,529
27,529
Trade creditors
1,615
1,615
Taxes and social security
680
-
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
354,482
359,772
Other creditors
304,000
304,000
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).