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REGISTERED NUMBER: 15578855 (England and Wales)









WISTERIA HOUSE WARWICK PARK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 20 MARCH 2024 TO 31 MAY 2025






WISTERIA HOUSE WARWICK PARK LIMITED (REGISTERED NUMBER: 15578855)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 MARCH 2024 TO 31 MAY 2025




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


WISTERIA HOUSE WARWICK PARK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 20 MARCH 2024 TO 31 MAY 2025







DIRECTORS: L R Collins
P N Bushby





REGISTERED OFFICE: 7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX





REGISTERED NUMBER: 15578855 (England and Wales)





ACCOUNTANTS: Mark Holt & Co Limited
Chartered Accountants
7 Sandy Court
Ashleigh Way
Langage Business Park
Plymouth
Devon
PL7 5JX

WISTERIA HOUSE WARWICK PARK LIMITED (REGISTERED NUMBER: 15578855)

ABRIDGED BALANCE SHEET
31 MAY 2025

Notes £    £   
FIXED ASSETS
Tangible assets 5 436,051

CURRENT ASSETS
Debtors 4,490
Cash at bank 3,244
7,734
CREDITORS
Amounts falling due within one year 616,289
NET CURRENT LIABILITIES (608,555 )
TOTAL ASSETS LESS CURRENT LIABILITIES (172,504 )

PROVISIONS FOR LIABILITIES 1,000
NET LIABILITIES (173,504 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (173,604 )
(173,504 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 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.

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 Balance Sheet for the period ended 31 May 2025 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 13 August 2025 and were signed on its behalf by:





L R Collins - Director


WISTERIA HOUSE WARWICK PARK LIMITED (REGISTERED NUMBER: 15578855)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 MARCH 2024 TO 31 MAY 2025

1. STATUTORY INFORMATION

Wisteria House Warwick Park 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

The financial statements have been prepared under the historical cost convention.

The company is currently in development and therefore the loss incurred is as expected and further losses are expected until development is finished. The parent company are supporting this renovation and have sufficient reserves to do so. Therefore, the company is considered a going concern.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The director considers that there are no critical estimates used in the accounts preparation, as entries are backed up to subsequent supporting transactions.

WISTERIA HOUSE WARWICK PARK LIMITED (REGISTERED NUMBER: 15578855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 MARCH 2024 TO 31 MAY 2025

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property - This is not in use so is not currently depreciated.
Plant & Machinery - 20% on reducing balance.
Fixtures & Fittings - 20% on reducing balance.

Impairment of Assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss if recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the assets in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transactions costs, and are measured subsequently at amortised costs using the effective interest method.

Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

WISTERIA HOUSE WARWICK PARK LIMITED (REGISTERED NUMBER: 15578855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 MARCH 2024 TO 31 MAY 2025

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is a finance lease or an operating lease based on the substances of the arrangement.

Finance leases

Leases of assets that transfer substantially all the risks and rewards of ownership to the Company are classified as finance leases.

Assets held under finance leases are recognized initially at the fair value of the leased asset (or, if lower, the present value of minimum lease payments) at the inception of the lease. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation. Lease payments are apportioned between finance charges and reduction of the lease obligation using the effective interest method so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are deducted in measuring profit or loss.

Assets held under finance leases are included in tangible fixed assets and depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

Operating leases

Leases that do no transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Pension costs and other post-retirement benefits
Short- term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Provisions for liabilities
Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

WISTERIA HOUSE WARWICK PARK LIMITED (REGISTERED NUMBER: 15578855)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 MARCH 2024 TO 31 MAY 2025

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 437,464
At 31 May 2025 437,464
DEPRECIATION
Charge for period 1,413
At 31 May 2025 1,413
NET BOOK VALUE
At 31 May 2025 436,051

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Within one year 205,000
Between one and five years 674,792
879,792

All of the above leases are relating to the rent on the properties held by the holding company, Wisteria House Holdings Limited.

7. SECURED DEBTS

The mortgage in the Holding company is secured against all assets and undertakings of this company via a fixed and floating charge. This security also contains negative pledge.

8. ULTIMATE CONTROLLING PARTY

Wisteria House Warwick Park Limited is a wholly owned subsidiary of Wisteria House Holdings Limited, it's ultimate parent undertaking, which is incorporated in the UK.

Copies of the financial statements for Wisteria House Holdings Limited, are available from Companies House and the registered office is 7 Sandy Court, Ashleigh Way, Langage Business Park, Plymouth, PL7 5JX.

The ultimate controlling party is Ms Louise Collins.