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REGISTERED NUMBER: 03485365 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

WINCHESTER CITY CENTRE PARTNERSHIP
LIMITED

WINCHESTER CITY CENTRE PARTNERSHIP
LIMITED (REGISTERED NUMBER: 03485365)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WINCHESTER CITY CENTRE PARTNERSHIP
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: G H Miles
C A Brandwood
J A Warwick
P Spencer
R P Holroyd Smith
Z Truscott
H J France
D C Pinder
S J Greer
L D Thompson
J R G Blake
L O D Rogers
P M Phasey
J Moir
S Bailey
A P Hyett





SECRETARY: C M D Turner





REGISTERED OFFICE: Winchester Business Centre
10 Parchment Street
Winchester
Hampshire
SO23 8AT





REGISTERED NUMBER: 03485365 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

WINCHESTER CITY CENTRE PARTNERSHIP
LIMITED (REGISTERED NUMBER: 03485365)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,853 2,763

CURRENT ASSETS
Debtors 5 75,253 63,935
Cash at bank 191,666 268,729
266,919 332,664
CREDITORS
Amounts falling due within one year 6 56,072 71,238
NET CURRENT ASSETS 210,847 261,426
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,700

264,189

RESERVES
Income and expenditure account 214,700 264,189
214,700 264,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 surplus or deficit 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 17th October 2023 and were signed on its behalf by:




G H Miles - Director


WINCHESTER CITY CENTRE PARTNERSHIP
LIMITED (REGISTERED NUMBER: 03485365)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Winchester City Centre Partnership Limited is a private company, limited by guarantee , 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.

Income
All income is accounted for when receivable and includes a levy paid by local organisations towards the Winchester Business Improvement District (BID) Scheme.

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

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 5 (2022 - 5 ) .

WINCHESTER CITY CENTRE PARTNERSHIP
LIMITED (REGISTERED NUMBER: 03485365)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. TANGIBLE FIXED ASSETS
Office Digital
equipment Project Totals
£    £    £   
COST
At 1st April 2022 73,171 49,909 123,080
Additions - 4,300 4,300
At 31st March 2023 73,171 54,209 127,380
DEPRECIATION
At 1st April 2022 70,408 49,909 120,317
Charge for year 2,135 1,075 3,210
At 31st March 2023 72,543 50,984 123,527
NET BOOK VALUE
At 31st March 2023 628 3,225 3,853
At 31st March 2022 2,763 - 2,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,147 800
Other debtors 55,550 63,135
VAT 17,556 -
75,253 63,935

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,445 44,314
Barclaycard creditor 915 1,116
Tax 72 5
Social security and other taxes 4,268 -
VAT - 9,755
Accruals and deferred income 18,372 16,048
56,072 71,238