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REGISTERED NUMBER: 05936135 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

WINDSTER LIMITED

WINDSTER LIMITED (REGISTERED NUMBER: 05936135)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WINDSTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: Y Kukharev





REGISTERED OFFICE: 4th Floor Charles House
108-110 Finchley Road
London
NW3 5JJ





REGISTERED NUMBER: 05936135 (England and Wales)





ACCOUNTANTS: Numera North Limited
4th Floor, Charles House
108-110 Finchley Road
London
NW3 5JJ

WINDSTER LIMITED (REGISTERED NUMBER: 05936135)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes $    $    $    $   
FIXED ASSETS
Tangible assets 4 50,832 4,322

CURRENT ASSETS
Stocks 82,670 81,291
Debtors 5 851,193 993,769
Cash at bank 1,353,743 1,264,550
2,287,606 2,339,610
CREDITORS
Amounts falling due within one year 6 1,131,467 1,189,098
NET CURRENT ASSETS 1,156,139 1,150,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,206,971

1,154,834

CAPITAL AND RESERVES
Called up share capital 1,869 1,869
Retained earnings 1,205,102 1,152,965
1,206,971 1,154,834

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 September 2023 and were signed by:





Y Kukharev - Director


WINDSTER LIMITED (REGISTERED NUMBER: 05936135)

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

1. STATUTORY INFORMATION

Windster 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 US Dollar ($).


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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Related parties
The company has taken advantage of FRS 102, Section 1AC.35, for the disclosure of transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member. Amounts owed to and from group companies are therefore shown in aggregate.

3. EMPLOYEES AND DIRECTORS

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

WINDSTER LIMITED (REGISTERED NUMBER: 05936135)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
$   
COST
At 1 January 2022 93,492
Additions 64,500
Disposals (395 )
At 31 December 2022 157,597
DEPRECIATION
At 1 January 2022 89,170
Charge for year 17,649
Eliminated on disposal (54 )
At 31 December 2022 106,765
NET BOOK VALUE
At 31 December 2022 50,832
At 31 December 2021 4,322

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
$    $   
Trade debtors 27,103 35,057
Amounts owed by group undertakings 796,114 926,575
Other debtors 27,976 32,137
851,193 993,769

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
$    $   
Trade creditors 58,449 66,341
Amounts owed to group undertakings 397,504 466,105
Taxation and social security 2,042 27,258
Other creditors 673,472 629,394
1,131,467 1,189,098

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
$    $   
Y Kukharev
Balance outstanding at start of year (8,383 ) (21,393 )
Amounts advanced 981 15,700
Amounts repaid (14,191 ) (2,690 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (21,593 ) (8,383 )

WINDSTER LIMITED (REGISTERED NUMBER: 05936135)

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

8. RELATED PARTY DISCLOSURES

Included in debtors falling due within one year is an amount of US$796.114 (2021: US$926,575) owed by group undertakings.

Included in creditors due within one year is an amount of US$397,504 (2021: US$466,105) owed to group undertakings.

These loans are considered to be unsecured, interest free with no fixed repayment date.

The director is unaware of any other related parties or transactions therewith.