10501226 (England and Wales)

The Chimes Green Road Egham Surrey TW20 8QP England

Tangible assets

2,230,007 

2,106,828 

Inventories

131,900 

131,900 

Debtors

3,770 

22,133 

Cash at bank and in hand

53,598 

13,812 

(1,490,532)

(1,434,219)

Called up share capital

1 

1 

Profit and loss account

928,742 

840,453 

For the year ending 30 September 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 financial statements were approved by the Board and authorised for issue on 27 June 2025 and were signed on its behalf by

Joseph Mitchell Director Company Registration No. 10501226

Woking Residential Park Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 10501226. The registered office is The Chimes, Green Road, Egham, Surrey, TW20 8QP, England.

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.

The tax expense for the period comprises current 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.

Plant & machinery

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 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.

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 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.

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.

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, including trade and other receivables, cash and bank balances and investments are initially recognised at transaction price. Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down.

At cost 

At cost 

At 1 October 2023

2,048,071 

129,813 

2,177,884 

Additions

129,900 

9,300 

139,200 

At 30 September 2024

At 1 October 2023

- 

71,056 

71,056 

Charge for the year

- 

16,021 

16,021 

At 30 September 2024

At 30 September 2024

At 30 September 2023

Finished goods

131,900 

131,900 

Trade debtors

2,580 

8,044 

Other debtors

1,190 

14,089 

Trade creditors

6,504 

5,086 

Amounts owed to group undertakings and other participating interests

1,354,339 

1,371,310 

Taxes and social security

33,386 

17,768 

Other creditors

96,303 

40,055 

Allotted, called up and fully paid:

1 Ordinary shares of £1 each

During the year the average number of employees was 2 (2023: 2).