G M Wyatt Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01110831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2021

FOR

G M Wyatt Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

A P Wyatt

N Wyatt

SECRETARY:

A P Wyatt

REGISTERED OFFICE:

17 Greenhill Street

Stratford upon Avon

Warwickshire

CV37 6LF

REGISTERED NUMBER:

01110831 (England and Wales)

ACCOUNTANTS:

C Wiltshire & Co

Chartered Accountants

17 Greenhill Street

Stratford upon Avon

CV37 6LF

FIXED ASSETS

Tangible assets

4

570

-

Investment property

5

1,055,000

1,055,000

1,055,570

1,055,000

CURRENT ASSETS

Debtors

6

39,134

2,072

Investments

7

162,123

192,791

Cash at bank

252,319

253,875

453,576

448,738

CREDITORS

Amounts falling due within one year

8

56,187

57,194

NET CURRENT ASSETS

397,389

391,544

TOTAL ASSETS LESS CURRENT LIABILITIES

1,452,959

1,446,544

PROVISIONS FOR LIABILITIES

21,250

21,142

NET ASSETS

1,431,709

1,425,402

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

9

1,430,709

1,424,402

SHAREHOLDERS' FUNDS

1,431,709

1,425,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2021 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 17th December 2021 and were signed on its behalf by:

A P Wyatt - Director

1.	STATUTORY INFORMATION

G M Wyatt Holdings 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.

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 as modified by the revaluation of certain assets.

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

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

664

At 30th April 2021

664

DEPRECIATION

Charge for year

94

At 30th April 2021

94

NET BOOK VALUE

At 30th April 2021

570

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2020

and 30th April 2021

1,055,000

NET BOOK VALUE

At 30th April 2021

1,055,000

At 30th April 2020

1,055,000

The investment properties were revalued at fair value on the basis of existing use by the board of directors, following advice received from Edwards Estate Agency Limited who considered that the fair value at 30th April 2017 was £1,055,000.

Fair value at 30th April 2021 is represented by:

£

Valuation in 2012

15,070

Valuation in 2013

32,566

Valuation in 2014

29,190

Valuation in 2015

32,677

Valuation in 2016

105,000

Valuation in 2017

5,000

Cost

835,497

1,055,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

19,455

1,232

Other debtors

19,679

840

39,134

2,072

7.	CURRENT ASSET INVESTMENTS

2021

2020

£

£

Listed investments

162,123

192,791

Market value of listed investments at 30th April 2021 - £ 242,388 (2020 - £ 220,587 ).

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

4,135

1,052

Amounts owed to group undertakings

48,250

48,250

Taxation and social security

1,218

5,405

Other creditors

2,584

2,487

56,187

57,194

9.

RESERVES

Included in retained earnings are non-distributable reserves amounting to £219,503 (2020 £219,503) relating to revaluation surpluses on investment properties.

10.	RELATED PARTY DISCLOSURES

During a previous financial year the Company received a loan of £105,000 from G.M Wyatt Investments Limited, an incorporated business which is under the control of Mr A.P.. Wyatt, the managing director, together with his close family. At the Balance Sheet date the Company owed £48,250 (2020: £48,250) to G.M.Wyatt Investments Limited on an inter-company loan.

11.	ULTIMATE CONTROLLING PARTY

Mr. A.P. Wyatt, the managing director, controls the Company by virtue of holding, together with close family, and a family trust 100% of the issued share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G M Wyatt Holdings Limited for the year ended 30th April 2021 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of G M Wyatt Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G M Wyatt Holdings Limited and state those matters that we have agreed to state to the Board of Directors of G M Wyatt Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G M Wyatt Holdings Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G M Wyatt Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G M Wyatt Holdings Limited. You consider that G M Wyatt Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G M Wyatt Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

C Wiltshire & Co

Chartered Accountants

17 Greenhill Street

Stratford upon Avon

CV37 6LF

17th December 2021