Company registration number 06037375 (England and Wales)
GEORGE WYATT DEVELOPMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
GEORGE WYATT DEVELOPMENTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
GEORGE WYATT DEVELOPMENTS LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
283,329
285,331
Current assets
Debtors
4
-
0
150
Cash at bank and in hand
124
134
124
284
Creditors: amounts falling due within one year
5
(55,009)
(54,854)
Net current liabilities
(54,885)
(54,570)
Total assets less current liabilities
228,444
230,761
Creditors: amounts falling due after more than one year
6
(181,789)
(185,070)
Net assets
46,655
45,691
Capital and reserves
Called up share capital
100
100
Revaluation reserve
7
46,515
46,515
Profit and loss reserves
40
(924)
Total equity
46,655
45,691

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

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

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.

GEORGE WYATT DEVELOPMENTS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

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

The financial statements were approved and signed by the director and authorised for issue on 8 January 2026
Ms Y Aritkan
Director
Company Registration No. 06037375
GEORGE WYATT DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

George Wyatt Developments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Victoria House, 14 New Road Avenue, Chatham, Kent, ME4 6BA.

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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental income in the period to which it relates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
2% on Buildings
Fixtures, fittings & equipment
25% Straight-line

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.

1.4
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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GEORGE WYATT DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation

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

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.

2
Employees

The company has had no employees in the financial year.

2025
2024
Number
Number
Total
0
0
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 May 2024 and 30 April 2025
300,000
2,950
302,950
Depreciation and impairment
At 1 May 2024
14,669
2,950
17,619
Depreciation charged in the year
2,002
-
0
2,002
At 30 April 2025
16,671
2,950
19,621
Carrying amount
At 30 April 2025
283,329
-
0
283,329
At 30 April 2024
285,331
-
0
285,331

Land and buildings with a carrying amount of £300,000 were revalued at 31 December 2016 by Sibley Pares, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

Land and buildings are carried at valuation. If land and buildings were measured using the cost model, the carrying amounts would have been approximately £241,915 (2024 - £241,915) and depreciation £59,993(2024 - £57,993).

GEORGE WYATT DEVELOPMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
150
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,163
3,648
Trade creditors
12,139
10,515
Taxation and social security
3,167
3,420
Other creditors
34,540
37,271
55,009
54,854
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
181,789
185,070
Creditors which fall due after five years are payable as follows:
Payable by instalments
161,134
170,477

The long-term loans are secured by fixed charges over the freehold property which is held by Natwest Bank plc

7
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
46,515
46,515
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