ACCOUNTS - Final Accounts preparation

Company Registration Number: 08455852

WYNYARD BUILDING LIMITED

FINANCIAL STATEMENTS

31 DECEMBER 2024

WYNYARD BUILDING LIMITED

REGISTERED NUMBER: 08455852

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	206,516		70,913
Cash at bank and in hand		7,416		792,608
		213,932		863,521
Creditors: amounts falling due within one year	5	(132,157)		(255,341)
Net current assets			81,775		608,180
Total assets less current liabilities			81,775		608,180

Net assets			81,775		608,180

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		81,675	608,080
		81,775	608,180

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 September 2025.

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

Mr M F Hogan

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

WYNYARD BUILDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The company is a private company limited by share capital, incorporated in England.
The address of its registered office is Dere Street House, Bowburn North Industrial Estate, Bowburn, Durham, DH6 5PF, United Kingdom.
The company's functional and presentational currency is Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Finance costs

Finance costs that are directly attributable to the acquisition or construction of qualifying assets included in stocks are capitalised in the period in which they are incurred. All other costs are expensed.

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WYNYARD BUILDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

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

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	Staff numbers
	The Company has no employees other than the directors, who did not receive any remuneration (2023 - £Nil).

Page 3

WYNYARD BUILDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	183,488	14,078
Other debtors	1,115	-
Tax recoverable	21,913	56,835
	206,516	70,913

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	58	-
Amounts owed to group undertakings	125,846	250,139
Accruals and deferred income	6,253	5,202
	132,157	255,341

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100 (2023 - 100) Ordinary shares of £1.00 each	100	100

7.Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position
There are legal charges over various properties held by the company in favour of Hanelsbanken Limited for all amounts due to them.

8.	Parent and ultimate parent undertaking

The company's immediate parent is VB Turnbull Limited which is incorporated in England and Wales. The
registered office of VB Turnbull Limited is Dere Street House, Bowburn North Industrial Estate, Bowburn,
Durham, DH6 5PF.
The parent of the largest group is Vestbrown (Newco) Limited which is incorporated in England and
Wales. The registered office of Vestbrown (Newco) Limited is Dere Street House, Bowburn North
Industrial Estate, Bowburn, Durham, DH6 5PF.

Page 4

WYNYARD BUILDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 29 September 2025 by Simon Turner (Senior Statutory Auditor) on behalf of Armstrong Watson Audit Limited.

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