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REGISTERED NUMBER: 05562734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WARWICK PROPERTY INVESTMENTS LIMITED

WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734)






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


WARWICK PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: P Summers
R Connolly





SECRETARY: P Summers





REGISTERED OFFICE: 86-90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 05562734 (England and Wales)





ACCOUNTANTS: Jamesons Limited
Jamesons House
Compton Way
Witney
OX28 3AB

WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 100 -
Investment property 6 1,150,951 2,956,526
1,151,051 2,956,526

CURRENT ASSETS
Debtors 7 473,920 4,923
Cash at bank 17,113 10,760
491,033 15,683
CREDITORS
Amounts falling due within one year 8 140,700 913,079
NET CURRENT ASSETS/(LIABILITIES) 350,333 (897,396 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,501,384 2,059,130

CREDITORS
Amounts falling due after more than one
year

9

(306,376

)

(655,597

)

PROVISIONS FOR LIABILITIES (178,046 ) (218,096 )
NET ASSETS 1,016,962 1,185,437

CAPITAL AND RESERVES
Called up share capital 11 2 2
Fair value reserve 12 622,858 1,169,635
Retained earnings 394,102 15,800
SHAREHOLDERS' FUNDS 1,016,962 1,185,437

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.

WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734)

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 24 October 2023 and were signed on its behalf by:





R Connolly - Director


WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Warwick Property Investments 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 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 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.
Plant and machinery etc - 25% 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.

In accordance with Statement of Standard Accounting Practice No.19, the company's properties that are held for long term investment are included in the balance sheet at their open market values. The surpluses or deficits on annual revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years.

This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view, because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.


WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 791
DEPRECIATION
At 1 March 2022
and 28 February 2023 791
NET BOOK VALUE
At 28 February 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 28 February 2023 100
NET BOOK VALUE
At 28 February 2023 100

WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 2,956,526
Additions 114,502
Disposals (2,257,329 )
Revaluations 337,252
At 28 February 2023 1,150,951
NET BOOK VALUE
At 28 February 2023 1,150,951
At 28 February 2022 2,956,526

Investment properties held at 28th February 2023 were revalued by the directors in 2023. The basis of the valuation used was open market value. If the properties had not been revalued, they would have been included on the historical cost basis amounting to £350,046 (2021 - £1,568,794).

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2010 427,732
Valuation in 2011 (55,000 )
Valuation in 2012 370,000
Valuation in 2017 600,000
Valuation in 2018 137,520
Valuation in 2019 (38,450 )
Valuation in 2020 (35,419 )
Valuation in 2021 (457,513 )
Valuation in 2022 438,861
Valuation in 2023 (586,826 )
Cost 350,046
1,150,951

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 466,503 -
Other debtors 7,417 4,923
473,920 4,923

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,118 15,806
Other creditors 125,582 897,273
140,700 913,079

WARWICK PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 05562734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 306,376 655,597

Amounts falling due in more than five years:

Repayable by instalments
Property mortgages 285,786 626,380

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Property mortgages 292,276 633,559

The property mortgages are secured on the properties to which each individual mortgage relates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1.00 2 2

12. RESERVES
Fair
value
reserve
£   
At 1 March 2022 1,169,635
Fair value in year (546,777 )

At 28 February 2023 622,858