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Company No: 03756724 (England and Wales)

# WENTWORTH CONSTRUCTION (NE) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

WENTWORTH CONSTRUCTION (NE) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

WENTWORTH CONSTRUCTION (NE) LIMITED

## COMPANY INFORMATION

For the financial year ended 31 May 2025
WENTWORTH CONSTRUCTION (NE) LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 May 2025

DIRECTORS | Darren Edward Alberts
| George Edward Alberts

SECRETARY | Darren Edward Alberts

REGISTERED OFFICE | 1 Prospect Terrace
| Springwell Village
| Gateshead
| NE9 7QJ
| United Kingdom

COMPANY NUMBER | 03756724 (England and Wales)

ACCOUNTANT | S&W Partners Newcastle Limited
| 17 Queens Lane
| Newcastle
| NE1 1RN

WENTWORTH CONSTRUCTION (NE) LIMITED

## BALANCE SHEET

As at 31 May 2025
WENTWORTH CONSTRUCTION (NE) LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 441,556 |  | 468,747
Investment property | 5 | 170,000 |  | 170,000
|  | 611,556 |  | 638,747
Current assets |  |  |  |
Stocks |  | 6,602 |  | 7,052
Debtors | 6 | 74,779 |  | 81,638
Cash at bank and in hand |  | 588,986 |  | 484,722
|  | 670,367 |  | 573,412
Creditors: amounts falling due within one year | 7 | ( 171,915) |  | ( 191,940)
Net current assets |  | 498,452 |  | 381,472
Total assets less current liabilities |  | 1,110,008 |  | 1,020,219
Provision for liabilities |  | ( 89,206) |  | ( 88,055)
Net assets |  | 1,020,802 |  | 932,164
Capital and reserves |  |  |  |
Called-up share capital |  | 250,000 |  | 250,000
Fair value reserve |  | 260,133 |  | 292,093
Profit and loss account |  | 510,669 |  | 390,071
Total shareholders' funds |  | 1,020,802 |  | 932,164

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Wentworth Construction (NE) Limited (registered number: 03756724) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

Darren Edward Alberts Director |

WENTWORTH CONSTRUCTION (NE) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
WENTWORTH CONSTRUCTION (NE) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Wentworth Construction (NE) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 Prospect Terrace, Springwell Village, Gateshead, NE9 7QJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Wentworth Construction (NE) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Employee benefits

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 25 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery etc. | 3 years straight line
| 15 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 8 |  | 9

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 254,944 |  | 254,944
At 31 May 2025 | 254,944 |  | 254,944
Accumulated amortisation |  |  |
At 01 June 2024 | 254,944 |  | 254,944
At 31 May 2025 | 254,944 |  | 254,944
Net book value |  |  |
At 31 May 2025 | 0 |  | 0
At 31 May 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 June 2024 | 477,956 |  | 138,503 |  | 616,459
At 31 May 2025 | 477,956 |  | 138,503 |  | 616,459
Accumulated depreciation |  |  |  |  |
At 01 June 2024 | 80,125 |  | 67,587 |  | 147,712
Charge for the financial year | 9,558 |  | 17,633 |  | 27,191
At 31 May 2025 | 89,683 |  | 85,220 |  | 174,903
Net book value |  |  |  |  |
At 31 May 2025 | 388,273 |  | 53,283 |  | 441,556
At 31 May 2024 | 397,831 |  | 70,916 |  | 468,747

#### 5. Investment property

| Investment property
| £
Valuation |
As at 01 June 2024 | 170,000
As at 31 May 2025 | 170,000

Investment property was valued on an open market basis on 31 May 2025 by the directors. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location.

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 67,069 |  | 79,560
Other debtors | 7,710 |  | 2,078
| 74,779 |  | 81,638

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 62,631 |  | 36,969
Taxation and social security | 99,315 |  | 54,473
Other creditors | 9,969 |  | 100,498
| 171,915 |  | 191,940

#### 8. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Loan advanced to Mr D E Alberts | 3,859 |  | 0

This loan is repayable on demand, unsecured and attracts interest at 2.25%.