Wyeway Properties Limited 07597893 false 2024-08-01 2025-07-31 2025-07-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true 07597893 2024-08-01 2025-07-31 07597893 2025-07-31 07597893 bus:OrdinaryShareClass1 2025-07-31 07597893 core:RetainedEarningsAccumulatedLosses 2025-07-31 07597893 core:ShareCapital 2025-07-31 07597893 core:CurrentFinancialInstruments 2025-07-31 07597893 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 07597893 core:FurnitureFittingsToolsEquipment 2025-07-31 07597893 core:MotorVehicles 2025-07-31 07597893 bus:SmallEntities 2024-08-01 2025-07-31 07597893 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 07597893 bus:FilletedAccounts 2024-08-01 2025-07-31 07597893 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 07597893 bus:RegisteredOffice 2024-08-01 2025-07-31 07597893 bus:CompanySecretaryDirector1 2024-08-01 2025-07-31 07597893 bus:Director2 2024-08-01 2025-07-31 07597893 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 07597893 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 07597893 bus:Agent1 2024-08-01 2025-07-31 07597893 core:ComputerEquipment 2024-08-01 2025-07-31 07597893 core:FurnitureFittingsToolsEquipment 2024-08-01 2025-07-31 07597893 core:MotorVehicles 2024-08-01 2025-07-31 07597893 core:PlantMachinery 2024-08-01 2025-07-31 07597893 countries:EnglandWales 2024-08-01 2025-07-31 07597893 2024-07-31 07597893 core:FurnitureFittingsToolsEquipment 2024-07-31 07597893 core:MotorVehicles 2024-07-31 07597893 2023-08-01 2024-07-31 07597893 2024-07-31 07597893 bus:OrdinaryShareClass1 2024-07-31 07597893 core:RetainedEarningsAccumulatedLosses 2024-07-31 07597893 core:ShareCapital 2024-07-31 07597893 core:CurrentFinancialInstruments 2024-07-31 07597893 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 07597893 core:FurnitureFittingsToolsEquipment 2024-07-31 07597893 core:MotorVehicles 2024-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07597893

Wyeway Properties Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 July 2025

Wyeway Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Wyeway Properties Limited

Company Information

Directors | Mrs M F James Mr D James

Company secretary | Mrs M F James

Registered office | 171 Kings Acre Road Hereford HR4 0SP

Accountants | Young & Co (Hereford) Limited Chartered AccountantsSt Ethelbert House Ryelands Street Hereford Herefordshire HR4 0LA

Wyeway Properties Limited

(Registration number: 07597893)
Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,956 | 2,790
Current assets |  |  |
Stocks | 5 | 829,047 | 743,408
Debtors | 6 | 9,325 | 2,671
Cash at bank and in hand |  | 7,548 | 7,901
|  | 845,920 | 753,980
Creditors: Amounts falling due within one year | 7 | (522,053) | (394,954)
Net current assets |  | 323,867 | 359,026
Net assets |  | 325,823 | 361,816
Capital and reserves |  |  |
Called up share capital | 8 | 200 | 200
Retained earnings |  | 325,623 | 361,616
Shareholders' funds |  | 325,823 | 361,816

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Wyeway Properties Limited

(Registration number: 07597893)
Balance Sheet as at 31 July 2025
(continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 March 2026 and signed on its behalf by:

......................................... Mrs M F James Company secretary and director

Wyeway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
171 Kings Acre Road
Hereford
HR4 0SP

These financial statements were authorised for issue by the Board on 30 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Wyeway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025
(continued)

2 | Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% of written down value per annum
Plant and machinery | 20% of cost per annum
Computer equipment | 33% of cost per annum

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Wyeway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025
(continued)

2 | Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Wyeway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025
(continued)

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 5,558 | 6,492 | 12,050
Disposals | (1,604) | - | (1,604)
At 31 July 2025 | 3,954 | 6,492 | 10,446
Depreciation
At 1 August 2024 | 4,750 | 4,510 | 9,260
Charge for the year | 338 | 496 | 834
Eliminated on disposal | (1,604) | - | (1,604)
At 31 July 2025 | 3,484 | 5,006 | 8,490
Carrying amount
At 31 July 2025 | 470 | 1,486 | 1,956
At 31 July 2024 | 808 | 1,982 | 2,790

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 829,047 | 743,408

Wyeway Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025
(continued)

6 | debtors

| 2025 £ | 2024 £
Prepayments | 9,325 | 2,001
Other debtors | - | 670
| 9,325 | 2,671

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 13,538 | 5,499
Taxation and social security | 933 | 1,419
Accruals and deferred income | 7,101 | 7,890
Other creditors | 500,481 | 380,146
| 522,053 | 394,954

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 200 | 200 | 200 | 200