WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2024
Company Registration Number: 09230648
WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 7
WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
COMPANY INFORMATION
FOR THE PERIOD ENDED 31 DECEMBER 2024
DIRECTORS
Paul Beaney
appointed 14 February 2024
Tim Carpenter
appointed 14 February 2024
Robin Lomas
Alan Simpson
appointed 14 February 2024
Nicholas Blakemore
resigned 14 February 2024
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
COMPANY REGISTRATION NUMBER
09230648 England and Wales
WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
Notes 2024 2023
£ £
CURRENT ASSETS
Stock 992,713 -
Debtors 6 241,786 -
Cash at bank and in hand 19,625 6
1,254,124 6
CREDITORS: Amounts falling due within one year 7 9,080 -
NET CURRENT ASSETS 1,245,044 6
TOTAL ASSETS LESS CURRENT LIABILITIES 1,245,044 6
CREDITORS: Amounts falling due after more than one year 8 1,320,713 -
NET (LIABILITIES) / ASSETS (75,669) 6
CAPITAL AND RESERVES
Called up share capital 6 6
Distributable profit and loss account (75,675) -
SHAREHOLDERS' (DEFICIT) / FUNDS (75,669) 6
WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
Robin Lomas Tim Carpenter
Director Director
Date approved by the board: 30 September 2025
WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
1 GENERAL INFORMATION
Wychwood Homes (Cotswold and Thames Valley) Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
The decision has been made to change the company's financial year from 30 September 2024 to 31 December 2024 as a result of a change in company trading. Therefore, the financial statements are for a longer period and are not entirely comparable to the previous year's figures which cover 12 months.
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Going concern
The accounts have been drawn up on the going concern basis. The company owes its lendors £1,320,713 which could be required for repayment without notice. The company is therefore dependent upon the continued support of the lendors. The directors do not consider the support of its lendor's likely to be withdrawn.
Revenue recognition
Turnover is measured at the fair value of consideration received or receivable and represents the value of management and consultancy services provided, stated net of trade discounts and value added tax.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Financial Instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss
Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.
Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.
Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other taxable profits.
Deferred tax is measured using 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.
Current and deferred tax assets and liabilities are not discounted.
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the period was:
2024 2023
Average number of employees 4 2
6 DEBTORS
2024 2023
£ £
Other debtors 241,786 -
WYCHWOOD HOMES (COTSWOLD AND THAMES VALLEY) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
7 CREDITORS: Amounts falling due within one year
2024 2023
£ £
Trade creditors 905 -
Accruals and deferred income 3,000 -
Other creditors 5,175 -
9,080 -
8 CREDITORS: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 1,320,713 -
9 RELATED PARTY TRANSACTIONS
During the period, the following transactions with related parties took place:
Tim Carpenter
Director and Shareholder 2024 2023
£ £
The following amount was due to the director at the year end. 4,475 -
Cathedral Homes (Shropshire) Limited
Connected company 2024 2023
£ £
The following amount was due from the connected company at the year end. 22,746 -
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