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Registration number: 05945737

Wyndham House Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Wyndham House Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 14

 

Wyndham House Limited

Company Information

Directors

Mr L Mullett

Mrs L A Mullett

Company secretary

Mr L Mullett

Registered office

The Old Vicarage
562 Woodham Lane
Woodham
Woking
Surrey
GU21 5SH

Accountants

Gilbie Roberts Limited
Chartered Certified Accountants1 Church Terrace
Yeovil
Somerset
BA20 1HX

 

Wyndham House Limited

Directors' Report for the Year Ended 31 October 2024

The directors present their report and the financial statements for the year ended 31 October 2024.

Directors of the company

The directors who held office during the year were as follows:

Mr L Mullett - Company secretary and director

Mrs L A Mullett

Principal activity

The principal activity of the company is operating retail butcher outlets

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

.........................................
Mr L Mullett
Company secretary and director

.........................................
Mrs L A Mullett
Director

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Wyndham House Limited
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wyndham House Limited for the year ended 31 October 2024 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Wyndham House Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Wyndham House Limited and state those matters that we have agreed to state to the Board of Directors of Wyndham House Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wyndham House Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Wyndham House Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Wyndham House Limited. You consider that Wyndham House Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Wyndham House Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Gilbie Roberts Limited
Chartered Certified Accountants
1 Church Terrace
Yeovil
Somerset
BA20 1HX

29 July 2025

 

Wyndham House Limited

(Registration number: 05945737)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

10,800

Tangible assets

5

78,850

98,378

 

78,850

109,178

Current assets

 

Stocks

6

54,832

46,221

Debtors

7

47,351

31,812

Cash at bank and in hand

 

207,779

167,495

 

309,962

245,528

Creditors: Amounts falling due within one year

8

(238,719)

(229,741)

Net current assets

 

71,243

15,787

Total assets less current liabilities

 

150,093

124,965

Provisions for liabilities

(19,712)

(24,594)

Net assets

 

130,381

100,371

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

130,281

100,271

Shareholders' funds

 

130,381

100,371

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account and Directors' Report.

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

 

Wyndham House Limited

(Registration number: 05945737)
Balance Sheet as at 31 October 2024

.........................................
Mr L Mullett
Company secretary and director

.........................................
Mrs L A Mullett
Director

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Vicarage
562 Woodham Lane
Woodham
Woking
Surrey
GU21 5SH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Fully amortised

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2023 - 24).

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

180,000

180,000

At 31 October 2024

180,000

180,000

Amortisation

At 1 November 2023

169,200

169,200

Amortisation charge

10,800

10,800

At 31 October 2024

180,000

180,000

Carrying amount

At 31 October 2024

-

-

At 31 October 2023

10,800

10,800

5

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

81,175

190,819

271,994

Additions

-

7,900

7,900

Disposals

(17,495)

(15,716)

(33,211)

At 31 October 2024

63,680

183,003

246,683

Depreciation

At 1 November 2023

67,139

106,477

173,616

Charge for the year

2,125

12,794

14,919

Eliminated on disposal

(11,959)

(8,743)

(20,702)

At 31 October 2024

57,305

110,528

167,833

Carrying amount

At 31 October 2024

6,375

72,475

78,850

At 31 October 2023

14,036

84,342

98,378

6

Stocks

2024
£

2023
£

Other inventories

54,832

46,221

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

8,611

10,555

Prepayments

18,952

14,584

Other debtors

19,788

6,673

 

47,351

31,812

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

12

-

53,464

Trade creditors

 

130,087

100,634

Taxation and social security

 

80,411

56,653

Accruals and deferred income

 

28,221

18,990

 

238,719

229,741

Creditors: amounts falling due after more than one year

2024
£

2023
£

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £423,791 (2023 - £464,783).

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £Nil (2023 - £17,484).

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

11

Related party transactions

During the year the directors withdraw weekly round sum amounts from the company. This has led to their joint directors' loan account becoming overdrawn during the year (maximum overdrawn joint balance in the year £100,019). Periodically, dividends are declared and credited to the joint overdrawn loan account. As at 31 October 2024 their loan account was overdrawn by £12,419. As at 31 October 2023 it was in credit. No interest is charged or credited on this balance and it is repayable on demand.

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

At 31 October 2024
£

Directors overdrawn loan account

-

12,419

12,419

 

 

Wyndham House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

12

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

-

17,484

Other borrowings

-

35,980

-

53,464