WYASTON (UNICUS HOMES) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O T Brockley

W J Hughes

R M Palmer

M T Ward

REGISTERED OFFICE:

57 Ashbourne Road

Derby

United Kingdom

DE22 3FS

REGISTERED NUMBER:

14673295 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

CURRENT ASSETS

Stocks

735,000

837,709

Cash at bank

15,457

139

750,457

837,848

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

4

882,430

843,679

NET CURRENT LIABILITIES

(131,973

)

(5,831

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(131,973

)

(5,831

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

(132,073

)

(5,931

)

SHAREHOLDERS' FUNDS

(131,973

)

(5,831

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

O T Brockley - Director

1.	STATUTORY INFORMATION

Wyaston (Unicus Homes) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost comprises the purchase price of land and property, direct development and construction costs, and attributable overheads. Cost is determined on a specific identification basis for each development.

Net realisable value is the estimated selling price in the ordinary course of business, less estimated costs to complete and sell.

When the net realisable value of a property falls below its cost, the asset is written down to net realisable value. Any write-downs are recognised as an expense in the profit and loss account in the period in which they are identified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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 future taxable profits.

Going concern

The parent company will continue to support this company for a period of at least twelve months from the date of approval of these financial statements and, on the basis of this continued support, the directors consider it appropriate to prepare these accounts on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,368

-

Amounts owed to group undertakings

798,711

762,478

Other creditors

81,351

81,201

882,430

843,679

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, £79,791 (2024: £80,001) was due to directors of the company. These amounts are repayable on demand. During the year, interest was charged of £Nil (2024: £1,500).