Company registration number 13343613 (England and Wales)
WELLFIELD HOMES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
WELLFIELD HOMES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
WELLFIELD HOMES LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
3
192,246
474,828
Creditors: amounts falling due within one year
4
(431,591)
(658,546)
Net current liabilities
(239,345)
(183,718)
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
(239,346)
(183,719)
Total equity
(239,345)
(183,718)

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

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 by the board of directors and authorised for issue on 7 May 2026 and are signed on its behalf by:
J D M Berry
Director
Company Registration No. 13343613
WELLFIELD HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Wellfield Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Myers House, Barr Street, Off Leeds Road, Huddersfield, HD1 6PB.

1.1
Basis of preparation

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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Isaac Timmins Limited. These consolidated financial statements are available Companies House.

1.2
Going concern

At the year end one property remained in stock which was sold shortly after the year end. At the time of approving the financial statements, the directors made the decision to shorten the year end to 31 December 2025 and liquidate the company. The only creditor in the accounts was an amount owed to the company's immediate parent, Myers Group 1959 Limited.

The financial statements have been prepared on a going concern basis, as this is not materially different from a break-up basis.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

WELLFIELD HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the properties being worked on at the year end to their present condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of the properties over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
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 current liabilities.

1.6
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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

WELLFIELD HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Stocks
2025
2024
£
£
Work in progress
192,246
474,828

Work in progress represents all costs incurred regarding the purchase and renovation costs of the properties currently being worked on.

WELLFIELD HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
4
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
431,591
658,546
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
WELLFIELD HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Senior Statutory Auditor:
Daniel McAllister FCA
Statutory Auditor:
Simpson Wood Limited
Date of audit report:
7 May 2026
7
Events after the reporting date

At the year end one property remained in stock which was sold shortly after the year end. At the time of approving the financial statements, the directors made the decision to shorten the year end to 31 December 2025 and liquidate the company. The only creditor in the accounts was an amount owed to the company's immediate parent, Myers Group 1959 Limited.

8
Related party transactions

The Company is a wholly owned subsidiary undertaking and as such has taken advantage of the exemption permitted by Section 33 'Related Party Disclosures' not to provide disclosures of transactions entered into with the parent company or other wholly owned subsidiaries within the group. The consolidated financial statements of Isaac Timmins Limited can be obtained from Companies House.

9
Parent company

The following are t he parents of the largest and smallest groups in which this company's results are consolidated:

Largest group
Isaac Timmins Limited
Smallest group
None

The Company's immediate parent undertaking is Myers Group 1959 Ltd and its ultimate parent company is Isaac Timmins Limited. The directors do not consider there to be a single ultimate controlling party.

2025-09-30 2024-10-01 false false false 07 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr J D M Berry Mrs K E M Berry 13343613 2024-10-01 2025-09-30 13343613 2025-09-30 13343613 2024-09-30 13343613 core:CurrentInventories 2025-09-30 13343613 core:CurrentInventories 2024-09-30 13343613 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 13343613 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 13343613 core:ShareCapital 2025-09-30 13343613 core:ShareCapital 2024-09-30 13343613 core:RetainedEarningsAccumulatedLosses 2025-09-30 13343613 core:RetainedEarningsAccumulatedLosses 2024-09-30 13343613 core:ShareCapitalOrdinaryShareClass1 2025-09-30 13343613 core:ShareCapitalOrdinaryShareClass1 2024-09-30 13343613 bus:Director1 2024-10-01 2025-09-30 13343613 2023-10-01 2024-09-30 13343613 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 13343613 bus:OrdinaryShareClass1 2025-09-30 13343613 bus:OrdinaryShareClass1 2024-09-30 13343613 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 13343613 bus:FRS102 2024-10-01 2025-09-30 13343613 bus:Audited 2024-10-01 2025-09-30 13343613 bus:Director2 2024-10-01 2025-09-30 13343613 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 13343613 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP