REGISTERED NUMBER: 00920555 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

J.P. WHELAN HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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)

FIXED ASSETS

Tangible assets

4

258,284

266,208

Investment property

5

398,120

498,620

656,404

764,828

CURRENT ASSETS

Stocks

6

4,983,076

7,317,691

Debtors

7

1,149,940

1,356,174

Cash at bank

409,917

49,663

6,542,933

8,723,528

CREDITORS

Amounts falling due within one year

8

741,754

986,333

NET CURRENT ASSETS

5,801,179

7,737,195

TOTAL ASSETS LESS CURRENT LIABILITIES

6,457,583

8,502,023

PROVISIONS FOR LIABILITIES

25,148

49,801

NET ASSETS

6,432,435

8,452,222

CAPITAL AND RESERVES

Called up share capital

900

900

Retained earnings

6,431,535

8,451,322

6,432,435

8,452,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 1 August 2026 and were signed on its behalf by:

T S Page - Director

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.

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 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

419,173

106,890

526,063

DEPRECIATION

At 1 February 2024

153,821

106,034

259,855

Charge for year

7,691

233

7,924

At 31 January 2025

161,512

106,267

267,779

NET BOOK VALUE

At 31 January 2025

257,661

623

258,284

At 31 January 2024

265,352

856

266,208

Included in Land and buildings is land at £34,625 (2024 - £34,625) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

498,620

Disposals

(100,500

)

At 31 January 2025

398,120

NET BOOK VALUE

At 31 January 2025

398,120

At 31 January 2024

498,620

Investment property has been valued by the directors.

6.

STOCKS

2025

2024

£

£

Land held for development

674,150

674,150

Completed properties and work

in progress

4,308,926

6,643,541

4,983,076

7,317,691

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,000

10,500

Amounts owed by group undertakings

1,125,774

1,325,055

Other debtors

21,166

20,619

1,149,940

1,356,174

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

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

206,589

343,511

Taxation and social security

28,151

127,515

Other creditors

507,014

515,307

741,754

986,333

Included within other creditors are amounts due to related parties of £472,073 (2024: £472,073) 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 £365,153 (2024: £365,153) owed to Whelan & Grant (Holdings) Limited and £106,920 (2024: £106,920 owed to Whelan & Grant (Contractors) Limited. The Estate of Mrs S Whelan, the ultimate controlling party of the company, has a beneficial interest in each of these companies.