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REGISTERED NUMBER: 00920555 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2024

for

J.P. WHELAN HOMES LIMITED

J.P. WHELAN HOMES LIMITED (REGISTERED NUMBER: 00920555)

Contents of the Financial Statements

for the Year Ended 31 January 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

J.P. WHELAN HOMES LIMITED

Company Information

for the Year Ended 31 January 2024

| DIRECTORS: | A P M Batchelor

| T S Page

| K M Whelan

| REGISTERED OFFICE: | Little Pinkneys

| Lee Lane

| Maidenhead

| SL6 6PE

| REGISTERED NUMBER: | 00920555 (England and Wales)

J.P. WHELAN HOMES LIMITED (REGISTERED NUMBER: 00920555)

Balance Sheet

31 January 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 266,208 |  | 274,132 |  |

Investment property | 5 | 498,620 |  | 1,015,120 |  |

764,828 |  | 1,289,252 |  |

CURRENT ASSETS

Stocks | 6 | 7,317,691 |  | 6,761,990 |  |

Debtors | 7 | 1,356,174 |  | 1,869,242 |  |

Cash at bank | 49,663 |  | 954,817 |  |

8,723,528 |  | 9,586,049 |  |

CREDITORS

Amounts falling due within one year | 8 | 986,333 |  | 1,280,110 |  |

NET CURRENT ASSETS | 7,737,195 |  | 8,305,939 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,502,023 |  | 9,595,191 |  |

PROVISIONS FOR LIABILITIES | 49,801 |  | 159,940 |  |

NET ASSETS | 8,452,222 |  | 9,435,251 |  |

CAPITAL AND RESERVES

Called up share capital | 900 |  | 900 |  |

Retained earnings | 8,451,322 |  | 9,434,351 |  |

8,452,222 |  | 9,435,251 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

J.P. WHELAN HOMES LIMITED (REGISTERED NUMBER: 00920555)

Balance Sheet - continued

31 January 2024

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 10 March 2026 and were signed on its behalf by:

T S Page - Director

J.P. WHELAN HOMES LIMITED (REGISTERED NUMBER: 00920555)

Notes to the Financial Statements

for the Year Ended 31 January 2024

1. | STATUTORY INFORMATION

| J.P. Whelan Homes 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.

| 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 as modified by the revaluation of certain assets.

| Critical accounting judgements and key sources of estimation uncertainty

| The directors have made judgements in determining the fair value of the investment properties. This valuation of investment properties is dependent on external factors such as the availability of fixed rate investments in the market as well as factors specific to the nature of the investment. The valuation is also dependent upon the timing and extent of future rental uplifts. Valuations are prepared by the directors with the underlying assumptions reviewed on an ongoing basis. Actual results in the future may differ from those reported and as such the carrying value remains sensitive to fluctuations in the market.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Turnover represents the value of property sales completed during the year. All trading is carried out within the UK.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Land and buildings | - | 2% on cost

| Plant and machinery etc | - | 20% on cost

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| Stocks

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

| Stock comprises land held for development, properties in the course of construction, and completed properties.

| Land held for development is valued at the lower of cost and estimated net realisable value.

| Completed properties and work in progress are valued at the lower of cost and estimated net realisable value. Cost represents land, materials, subcontractors, labour and site overheads. Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2023 - 9 ) .

J.P. WHELAN HOMES LIMITED (REGISTERED NUMBER: 00920555)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2024

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 February 2023

| and 31 January 2024 | 419,173 |  | 106,890 |  | 526,063 |  |

| DEPRECIATION

| At 1 February 2023 | 146,130 |  | 105,801 |  | 251,931 |  |

| Charge for year | 7,691 |  | 233 |  | 7,924 |  |

| At 31 January 2024 | 153,821 |  | 106,034 |  | 259,855 |  |

| NET BOOK VALUE

| At 31 January 2024 | 265,352 |  | 856 |  | 266,208 |  |

| At 31 January 2023 | 273,043 |  | 1,089 |  | 274,132 |  |

| Included in Land and buildings is land at £34,625 (2023 - £34,625) which is not depreciated.

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 February 2023 | 1,015,120 |  |

| Disposals | (524,000 | ) |

| Revaluations | 7,500 |  |

| At 31 January 2024 | 498,620 |  |

| NET BOOK VALUE

| At 31 January 2024 | 498,620 |  |

| At 31 January 2023 | 1,015,120 |  |

| Investment property has been valued by the directors.

6. | STOCKS

2024 | 2023 |

£ | £ |

| Land held for development | 674,150 |  | 674,150 |  |

| Completed properties and work

| in progress | 6,643,541 |  | 6,087,840 |  |

7,317,691 |  | 6,761,990 |  |

J.P. WHELAN HOMES LIMITED (REGISTERED NUMBER: 00920555)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2024

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 10,500 |  | - |  |

| Amounts owed by group undertakings | 1,325,055 |  | 1,821,306 |  |

| Other debtors | 20,619 |  | 47,936 |  |

1,356,174 |  | 1,869,242 |  |

| Amounts owed by group undertakings are repayable on demand, not secured and are non-interest bearing.

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 343,511 |  | 279,449 |  |

| Taxation and social security | 127,515 |  | 127,751 |  |

| Other creditors | 515,307 |  | 872,910 |  |

986,333 |  | 1,280,110 |  |

| Included within other creditors are amounts due to related parties of £472,073 (2023: £815,439) as detailed in the note below.

9. | RELATED PARTY DISCLOSURES

| 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.

| Included in Creditors is £Nil (2023: £343,366) owed to Estate of Mrs S Whelan, the ultimate controlling party of the company.

| Included in Creditors is £365,153 (2023: £365,153) owed to Whelan & Grant (Holdings) Limited and £106,920 (2023: £106,920 owed to Whelan & Grant (Contractors) Limited. The Estate of Mrs S Whelan has a beneficial interest in each of these companies.