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REGISTERED NUMBER: 00612096 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

WANBOROUGH INVESTMENT COMPANY LIMITED

WANBOROUGH INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00612096)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WANBOROUGH INVESTMENT COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: I R Trehearne
W B Trehearne





SECRETARY: I R Trehearne





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 00612096 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

WANBOROUGH INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00612096)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,757,000 2,757,000

CURRENT ASSETS
Debtors 5 39,342 52,118
Cash at bank 163,422 117,121
202,764 169,239
CREDITORS
Amounts falling due within one year 6 67,567 52,675
NET CURRENT ASSETS 135,197 116,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,892,197

2,873,564

PROVISIONS FOR LIABILITIES 7 610,080 463,661
NET ASSETS 2,282,117 2,409,903

CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Capital redemption reserve 43 43
Fair value reserve 1,931,955 2,078,374
Retained earnings 347,119 328,486
SHAREHOLDERS' FUNDS 2,282,117 2,409,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 7 September 2022 and were signed on its behalf by:




I R Trehearne - Director


WANBOROUGH INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00612096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Wanborough Investment Company Limited is a private company, limited by shares, incorporated 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at fair value of the consideration received or receivable in respect of the income generated from the rental of its investment property.

Rental income derived from the company's investment property is recognised through the profit and loss account per the rental agreements with each tenant.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and transferred to the fair value reserve at the balance sheet date.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

WANBOROUGH INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00612096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 2,757,000
NET BOOK VALUE
At 31 March 2022 2,757,000
At 31 March 2021 2,757,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 1983 129,014
Valuation in 2015 2,121,021
Valuation in 2017 292,000
Valuation in 2021 214,965
2,757,000

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 214,965 214,965

Investment property was valued on a fair value basis on 15 December 2017 by Graves Son & Pilcher .

The directors consider the value of the investment property as at 31 March 2022 to be fair value. The fair
value has has been determined by reference to properties of a similar size, condition, location and letting
potential to those held by the company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 6,005 37,045
Other debtors 33,337 15,073
39,342 52,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 21,262 18,243
Other creditors 46,305 34,432
67,567 52,675

WANBOROUGH INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00612096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


7. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 610,080 463,661

Deferred
tax
£   
Balance at 1 April 2021 463,661
Charge to Income Statement during year 146,419
Balance at 31 March 2022 610,080

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
3,000 Odinary £1 3,000 3,000