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Company No: 09197448 (England and Wales)

# WEST OF ENGLAND DEVELOPMENTS (TAUNTON) NO2 LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

WEST OF ENGLAND DEVELOPMENTS (TAUNTON) NO2 LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

WEST OF ENGLAND DEVELOPMENTS (TAUNTON) NO2 LIMITED

## BALANCE SHEET

As at 30 September 2025
WEST OF ENGLAND DEVELOPMENTS (TAUNTON) NO2 LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 30.09.2025 |  | 30.09.2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 30,971 |  | 43,410
|  | 30,971 |  | 43,410
Current assets |  |  |  |
Stocks | 4 | 2,572,109 |  | 1,915,976
Debtors | 5 | 3,563,886 |  | 3,998,156
Cash at bank and in hand |  | 8,361,869 |  | 7,844,875
|  | 14,497,864 |  | 13,759,007
Creditors: amounts falling due within one year | 6 | ( 8,638,788) |  | ( 8,366,322)
Net current assets |  | 5,859,076 |  | 5,392,685
Total assets less current liabilities |  | 5,890,047 |  | 5,436,095
Provision for liabilities |  | ( 7,060) |  | 0
Net assets |  | 5,882,987 |  | 5,436,095
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 5,882,887 |  | 5,435,995
Total shareholders' funds |  | 5,882,987 |  | 5,436,095

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of West of England Developments (Taunton) No2 Limited (registered number: 09197448) were approved and authorised for issue by the Director on 02 April 2026. They were signed on its behalf by:

A Lehner Director |

WEST OF ENGLAND DEVELOPMENTS (TAUNTON) NO2 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
WEST OF ENGLAND DEVELOPMENTS (TAUNTON) NO2 LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

West of England Developments (Taunton) No2 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Kibbear House, Trull, Taunton, TA3 7LN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover and costs arising from construction contracts are recognised in the profit and loss when the outcome of a contruction contract can be estimated reliably. Both turnover and expenses are measured by reference to the stage of completion of the contract.
Turnover is recognised on the sales completion date for housing developments and as the contract activity progresses for contracted work.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

##### Other operating income

Other operating income includes rent receivable on properties held and income in relation to access to sites held, and is measured at the fair value of consideration received or receivable. Rental income is recognised over the period in which the rent relates.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Stocks

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| Year ended 30.09.2025 |  | Period from 01.04.2023 to 30.09.2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 96,552 |  | 96,552
Additions | 1,786 |  | 1,786
At 30 September 2025 | 98,338 |  | 98,338
Accumulated depreciation |  |  |
At 01 October 2024 | 53,142 |  | 53,142
Charge for the financial year | 14,225 |  | 14,225
At 30 September 2025 | 67,367 |  | 67,367
Net book value |  |  |
At 30 September 2025 | 30,971 |  | 30,971
At 30 September 2024 | 43,410 |  | 43,410

#### 4. Stocks

| 30.09.2025 |  | 30.09.2024
| £ |  | £
Work in progress | 2,572,109 |  | 1,915,976

#### 5. Debtors

| 30.09.2025 |  | 30.09.2024
| £ |  | £
Other debtors | 3,563,886 |  | 3,998,156

#### 6. Creditors: amounts falling due within one year

| 30.09.2025 |  | 30.09.2024
| £ |  | £
Trade creditors | 79,489 |  | 15,251
Taxation and social security | 1,002,758 |  | 79,533
Other creditors | 7,556,541 |  | 8,271,538
| 8,638,788 |  | 8,366,322