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Company Registration No. 02866293 (England and Wales)
WOLSTEN HOMES LTD Unaudited accounts for the year ended 31 December 2024
WOLSTEN HOMES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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WOLSTEN HOMES LTD Company Information for the year ended 31 December 2024
Director
Shaun Wolstenholme
Company Number
02866293 (England and Wales)
Registered Office
15 MANOR GREEN STRATFORD-UPON-AVON CV37 7ES
Accountants
FILAN Accountants Ltd 57 Ely Street Stratford upon Avon CV37 6LN
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WOLSTEN HOMES LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
3,082 
3,150 
Investment property
5
850,000 
770,000 
853,082 
773,150 
Current assets
Cash at bank and in hand
2,591 
1,592 
Creditors: amounts falling due within one year
6
(415,780)
(425,624)
Net current liabilities
(413,189)
(424,032)
Total assets less current liabilities
439,893 
349,118 
Provisions for liabilities
Deferred tax
7
(74,885)
(59,685)
Net assets
365,008 
289,433 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
64,800 
- 
Profit and loss account
300,108 
289,333 
Shareholders' funds
365,008 
289,433 
For the year ending 31 December 2024 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 30 September 2025 and were signed on its behalf by
Shaun Wolstenholme Director Company Registration No. 02866293
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WOLSTEN HOMES LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
WOLSTEN HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 02866293. The registered office is 15 MANOR GREEN, STRATFORD-UPON-AVON, CV37 7ES.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
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 taxation
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 in 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 recovered against the reversal of deferred tax liabilities or other future taxable profits.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% RB
Fixtures & fittings
25% RB
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WOLSTEN HOMES LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
4,200 
- 
4,200 
Additions
- 
934 
934 
At 31 December 2024
4,200 
934 
5,134 
Depreciation
At 1 January 2024
1,050 
- 
1,050 
Charge for the year
788 
214 
1,002 
At 31 December 2024
1,838 
214 
2,052 
Net book value
At 31 December 2024
2,362 
720 
3,082 
At 31 December 2023
3,150 
- 
3,150 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
770,000 
Net gain from fair value adjustments
80,000 
At 31 December 2024
850,000 
Fair value at 31 December 2024 is represented by: £ Valuation in 2011 244,132 Valuation in 2020 70,000 Valuation in 2024 80,000 Cost 455,868 Investment Property was valued on an open market basis on 31 December 2024 by the Director. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. If the investment property had not been revalued, it would have been included at a cost of £455,868 (2023:£455,868).
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
400,811 
413,800 
Taxes and social security
2,778 
2,037 
Other creditors
6,000 
6,050 
Loans from directors
5,363 
2,927 
Accruals
828 
810 
415,780 
425,624 
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WOLSTEN HOMES LTD Notes to the Accounts for the year ended 31 December 2024
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
74,885 
59,685 
2024 
2023 
£ 
£ 
Provision at start of year
59,685 
59,685 
Charged to the profit and loss account
15,200 
- 
Provision at end of year
74,885 
59,685 
8
Transactions with related parties
Included within creditors is an amount of £400,811 (2023: £ 413,800 ) due to Redbrick (UK) Limited. The director Mr S Wolstenholme is also a director in Redbrick (UK) Limited and has ultimate control.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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