Company registration number 11574573 (England and Wales)
WIRRAL HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
WIRRAL HOMES LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
WIRRAL HOMES LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
7,295,000
7,200,000
Current assets
Debtors
4
748,869
653,885
Cash at bank and in hand
36,190
44,315
785,059
698,200
Creditors: amounts falling due within one year
5
(2,056,302)
(2,142,899)
Net current liabilities
(1,271,243)
(1,444,699)
Total assets less current liabilities
6,023,757
5,755,301
Creditors: amounts falling due after more than one year
6
(3,891,724)
(3,662,061)
Provisions for liabilities
(465,449)
(491,432)
Net assets
1,666,584
1,601,808
Capital and reserves
Called up share capital
7
100
100
Revaluation reserve
1,598,361
1,474,297
Profit and loss reserves
68,123
127,411
Total equity
1,666,584
1,601,808
WIRRAL HOMES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 October 2025
Mr M D Bullas
Director
Company registration number 11574573 (England and Wales)
WIRRAL HOMES LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2023
100
811,481
135,216
946,797
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
655,011
655,011
Transfers
-
662,816
(662,816)
-
Balance at 31 March 2024
100
1,474,297
127,411
1,601,808
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
64,776
64,776
Transfers
-
124,064
(124,064)
-
Balance at 31 March 2025
100
1,598,361
68,123
1,666,584
WIRRAL HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Wirral Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is reliant upon the financial support of its director in order to meet its liabilities as they fall due. The director has indicated that this support will continue for the foreseeable future and, as a result, has adopted the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration receivable for rents in the normal course of business.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

WIRRAL HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank overdrafts and loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
WIRRAL HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Investment property
2025
£
Fair value
At 1 April 2024
7,200,000
Disposals
(100,000)
Revaluations
195,000
At 31 March 2025
7,295,000

The investment properties are included in the financial statements at their fair value as estimated by the director by reference to market evidence of transaction prices for similar properties. The historic cost of the investment properties was £5,163,852 (2024 - £5,234,271).

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
582,483
471,333
Prepayments and accrued income
166,386
182,552
748,869
653,885

Other debtors comprise amounts owed by a connected company.

5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
205,086
247,136
Trade creditors
22,572
-
0
Taxation and social security
103
2,092
Other creditors
1,828,541
1,893,671
2,056,302
2,142,899

Other creditors include £1,822,720 (2024 - £1,888,088) in respect of a loan advanced by the director.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,891,724
3,662,061
Creditors which fall due after five years are payable as follows:
Payable other than by instalments
3,883,391
3,617,894

B ank borrowings are secured by fixed and floating charge s over the company's investment properties.

WIRRAL HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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