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REGISTERED NUMBER: 12482136 (England and Wales)




















Financial Statements

for the Year Ended 28 February 2023

for

RON WILKINS PROPERTY INVESTMENTS LTD

RON WILKINS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12482136)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RON WILKINS PROPERTY INVESTMENTS LTD

Company Information
for the Year Ended 28 February 2023







DIRECTORS: R E Wilkins
J W R Wilkins





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 12482136 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

RON WILKINS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12482136)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 7,970 11,956
Tangible assets 5 689 847
Investment property 6 432,401 376,066
441,060 388,869

CURRENT ASSETS
Debtors 7 6,783 1,078
Cash at bank 55,042 47,473
61,825 48,551
CREDITORS
Amounts falling due within one year 8 (280,914 ) (351,050 )
NET CURRENT LIABILITIES (219,089 ) (302,499 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,971

86,370

CREDITORS
Amounts falling due after more than one
year

9

(232,386

)

(104,792

)

PROVISIONS FOR LIABILITIES (3,754 ) -
NET LIABILITIES (14,169 ) (18,422 )

CAPITAL AND RESERVES
Called up share capital 11 65 65
Retained earnings 12 (14,234 ) (18,487 )
SHAREHOLDERS' FUNDS (14,169 ) (18,422 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

RON WILKINS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12482136)

Balance Sheet - continued
28 February 2023


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 26 September 2023 and were signed on its behalf by:




R E Wilkins - Director



J W R Wilkins - Director


RON WILKINS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12482136)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Ron Wilkins Property Investments 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

RON WILKINS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12482136)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INTANGIBLE FIXED ASSETS
Business
Know How
£   
COST
At 1 March 2022
and 28 February 2023 19,928
AMORTISATION
At 1 March 2022 7,972
Amortisation for year 3,986
At 28 February 2023 11,958
NET BOOK VALUE
At 28 February 2023 7,970
At 28 February 2022 11,956

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 2,539 - 2,539
Additions - 918 918
At 28 February 2023 2,539 918 3,457
DEPRECIATION
At 1 March 2022 1,692 - 1,692
Charge for year 847 229 1,076
At 28 February 2023 2,539 229 2,768
NET BOOK VALUE
At 28 February 2023 - 689 689
At 28 February 2022 847 - 847

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 376,066
Additions 44,901
Revaluations 11,434
At 28 February 2023 432,401
NET BOOK VALUE
At 28 February 2023 432,401
At 28 February 2022 376,066

RON WILKINS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12482136)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 11,434
Cost 420,967
432,401

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 6,783 1,078

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 74,680
Trade creditors - 205
Taxation and social security - 16
Other creditors 280,914 276,149
280,914 351,050

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 232,386 104,792

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 232,386 104,792

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Mortgages 232,386 179,472

The Mortgages provided by Shawbrook Bank Limited are secured against the freehold interest in the properties 332 Old Chester Road, 1e Kilmory Terrace, 36 Maxwellton Road, 36G Glenacre Road & 210 Rowan Road by way of a fixed and floating charge and a negative pledge.

RON WILKINS PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 12482136)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
55 Ordinary 1 55 55
10 Ordinary 1 10 10
65 65

12. RESERVES
Retained
earnings
£   

At 1 March 2022 (18,487 )
Profit for the year 4,253
At 28 February 2023 (14,234 )

Reserves include an amount of £16,005 that relates to the, net of tax, revaluation of an Investment property. This amount is not distributable.

13. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.