REGISTERED NUMBER: 15820926 (England and Wales)

WVBC1 Limited

Unaudited Financial Statements

for the Period 5 July 2024 to 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

G J Bolton

Registered office:

Mill House

1 Soho Mills

Town Lane

Wooburn Green

Buckinghamshire

HP10 0PF

Registered number:

15820926 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Current assets

Stocks

6,076,149

Debtors

4

41,508

Cash at bank

2,762

6,120,419

Creditors

Amounts falling due within one year

5

6,127,287

Net current liabilities

(6,868

)

Total assets less current liabilities

(6,868

)

Capital and reserves

Called up share capital

6

10

Retained earnings

(6,878

)

Shareholders' funds

(6,868

)

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

G J Bolton - Director

1.	Statutory information

WVBC1 Limited 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.

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.

Going concern

The company meets its day to day working capital requirements through the support of the director and shareholders of the company and have provided a letter of support for the twelve months following the signature date of these financial statements. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis.

Stocks

Inventory comprises the cost of the property under development. Inventory is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Acquisition costs included comprises of the initial acquisition price and costs directly associated with acquiring the asset. Development expenditure comprises of direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and conditions. Borrowing costs that are directly attributable to the acquisition or construction are also included as part of the cost of inventories.

At each reporting date, inventory is assessed for impairment. If inventory is 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.

Financial instruments

The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' for debt instruments.

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

Financial assets are measured at fair value through the profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	Employees and directors

The average number of employees during the period was NIL.

4.

Debtors: amounts falling due within one year

£

Other debtors

41,508

5.

Creditors: amounts falling due within one year

£

Bank loans and overdrafts

3,910,759

Trade creditors

106,586

Amounts owed to group undertakings

106,942

Other creditors

2,003,000

6,127,287

Punter Southall SIPP Trustees Limited & Thomas David Lardner-Burke and Virginia Alicia Lardner-Burke have registered charges at Companies House for a loan provided to the Company. This includes charges covering the property by way of legal mortgage as security.

Downing LLP also has registered charges at Companies House for a loan provided to the Company. This includes fixed and floating charges covering all the property and undertaking of the Company.

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

£0.1

10

7.	Related party disclosures

Included within other creditors is £106,942 owed to a connected company.