REGISTERED NUMBER: 07629623 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

WEY DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Joyce

Mrs C A Joyce

Mr A G Scott

SECRETARY:

Mrs C A Joyce

REGISTERED OFFICE:

Woodside Cottage

Boundary Road

Dockenfield

Farnham

Surrey

GU10 4EU

REGISTERED NUMBER:

07629623 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Tangible assets

4

2,818

4,904

Investments

5

1

1

2,819

4,905

CURRENT ASSETS

Stocks

504,925

546,169

Debtors

6

278,041

171,408

Cash at bank and in hand

33,804

83,464

816,770

801,041

CREDITORS

Amounts falling due within one year

7

389,154

359,914

NET CURRENT ASSETS

427,616

441,127

TOTAL ASSETS LESS CURRENT LIABILITIES

430,435

446,032

CREDITORS

Amounts falling due after more than one year

8

(420,000

)

(441,000

)

PROVISIONS FOR LIABILITIES

(705

)

(1,226

)

NET ASSETS

9,730

3,806

CAPITAL AND RESERVES

Called up share capital

103

103

Retained earnings

9,627

3,703

SHAREHOLDERS' FUNDS

9,730

3,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

Mr A Joyce - Director

1.	STATUTORY INFORMATION

Wey Developments Ltd 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.

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.

Turnover

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

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

and 30 November 2025

48,310

DEPRECIATION

At 1 December 2024

43,406

Charge for year

2,086

At 30 November 2025

45,492

NET BOOK VALUE

At 30 November 2025

2,818

At 30 November 2024

4,904

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 December 2024

and 30 November 2025

1

NET BOOK VALUE

At 30 November 2025

1

At 30 November 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

110,524

20,116

Amounts owed by participating interests

114,639

100,561

Other debtors

52,878

50,731

278,041

171,408

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

32,815

34,515

Trade creditors

109,939

100,173

Taxation and social security

109,593

67,673

Other creditors

136,807

157,553

389,154

359,914

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

420,000

441,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

Mr A G Scott

Balance outstanding at start of year

26,947

13,016

Amounts advanced

36,261

33,990

Amounts repaid

(40,000

)

(20,059

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

23,208

26,947

Mr A Joyce and Mrs C A Joyce

Balance outstanding at start of year

21,754

18,662

Amounts advanced

63,194

53,152

Amounts repaid

(60,077

)

(50,060

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

24,871

21,754

Interest was charged on the loan at a rate of 2.25% per annum until March 2025. Thereafter interest was charged at a rate of 3.75% per annum. Interest charged is included within other interest received. All overdue loans were repaid in full within 9 months on the financial year.

10.	ULTIMATE CONTROLLING PARTY

No one individual has the ultimate control of the company.

11.	PERSONAL GUARANTEES

Mr A Joyce and Mrs C A Joyce provided a personal guarantee for the following loans included within other creditors:

a. loan from J & A Cassidy for £50,000

12.	LEGAL CHARGES

The following legal charges existed during the period:

Mr J Burch legal charge over the property at 73 Shortheath Road, Farnham, Surrey, GU9 8SF.

E Joyce and D J Ingham legal charge over over the property at 73 Shortheath Road, Farnham, Surrey, GU9 8SF.

Mr B Carter legal charge over the property at 73 Shortheath Road, Farnham, Surrey, GU9 8SF.

Mr and Mrs Brinsley legal charge over the property at 25 Middle Bourne Lane, Surrey, GU10 3NH.

BJ Wilson legal charge over the property at 25 Middle Bourne Lane, Surrey, GU10 3NH.

DG Stamp legal charge over the property at 25 Middle Bourne Lane, Surrey, GU10 3NH.