IRIS Accounts Production v23.3.0.418 02440993 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure024409932022-03-31024409932023-03-31024409932022-04-012023-03-31024409932021-03-31024409932021-04-012022-03-31024409932022-03-3102440993ns16:EnglandWales2022-04-012023-03-3102440993ns15:PoundSterling2022-04-012023-03-3102440993ns11:Director12022-04-012023-03-3102440993ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3102440993ns11:SmallEntities2022-04-012023-03-3102440993ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3102440993ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3102440993ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3102440993ns11:FullAccounts2022-04-012023-03-3102440993ns11:OrdinaryShareClass12022-04-012023-03-3102440993ns11:Director22022-04-012023-03-3102440993ns11:CompanySecretary12022-04-012023-03-3102440993ns11:RegisteredOffice2022-04-012023-03-3102440993ns6:CurrentFinancialInstruments2023-03-3102440993ns6:CurrentFinancialInstruments2022-03-3102440993ns6:ShareCapital2023-03-3102440993ns6:ShareCapital2022-03-3102440993ns6:SharePremium2023-03-3102440993ns6:SharePremium2022-03-3102440993ns6:RevaluationReserve2023-03-3102440993ns6:RevaluationReserve2022-03-3102440993ns6:RetainedEarningsAccumulatedLosses2023-03-3102440993ns6:RetainedEarningsAccumulatedLosses2022-03-3102440993ns6:PlantMachinery2022-04-012023-03-3102440993ns6:PlantMachinery2022-03-3102440993ns6:PlantMachinery2023-03-3102440993ns6:PlantMachinery2022-03-3102440993ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3102440993ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3102440993ns6:Non-currentFinancialInstruments2023-03-3102440993ns6:Non-currentFinancialInstruments2022-03-3102440993ns11:OrdinaryShareClass12023-03-3102440993ns11:Director112022-03-3102440993ns11:Director112021-03-3102440993ns11:Director112022-04-012023-03-3102440993ns11:Director112021-04-012022-03-3102440993ns11:Director112023-03-3102440993ns11:Director112022-03-31
REGISTERED NUMBER: 02440993 (England and Wales)















CHARLES WINSTONE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






CHARLES WINSTONE LIMITED (REGISTERED NUMBER: 02440993)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHARLES WINSTONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P C Winstone
C A Winstone





SECRETARY: J C Winstone





REGISTERED OFFICE: Elfed House
Oak Tree Court, Mulberry Drive
Cardiff Gate Business Park
CARDIFF
CF23 8RS





REGISTERED NUMBER: 02440993 (England and Wales)





ACCOUNTANTS: MHA (trading name of MacIntyre Hudson LLP)
Limited liability partnership in England & Wales
Registered number OC312313
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

CHARLES WINSTONE LIMITED (REGISTERED NUMBER: 02440993)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 607 1,105
Investment property 5 690,819 985,493
691,426 986,598

CURRENT ASSETS
Debtors 6 18,728 21,276
Investments 7 450,000 -
Cash at bank 185,997 321,274
654,725 342,550
CREDITORS
Amounts falling due within one year 8 (21,952 ) (32,675 )
NET CURRENT ASSETS 632,773 309,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,324,199

1,296,473

PROVISIONS FOR LIABILITIES (19,552 ) (14,863 )
NET ASSETS 1,304,647 1,281,610

CAPITAL AND RESERVES
Called up share capital 9 1,669 1,669
Equity share premium 298,393 298,393
Non-distributable reserve 327,033 327,033
Retained earnings 677,552 654,515
SHAREHOLDERS' FUNDS 1,304,647 1,281,610

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 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.

CHARLES WINSTONE LIMITED (REGISTERED NUMBER: 02440993)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved for issue by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





P C Winstone - Director


CHARLES WINSTONE LIMITED (REGISTERED NUMBER: 02440993)

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


1. STATUTORY INFORMATION

Charles Winstone 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 company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

There have been no material departures from Financial Reporting Standard 102.

Turnover
The turnover shown in the profit and loss account represents rental income receivable during the year, exclusive of value added tax.

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 - 10% to 33.33% on cost

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss statement. Deferred taxation is provided on these gains at the rate expected to apply when the asset is sold.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

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

CHARLES WINSTONE LIMITED (REGISTERED NUMBER: 02440993)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2022
and 31 March 2023 7,328
DEPRECIATION
At 1 April 2022 6,223
Charge for year 498
At 31 March 2023 6,721
NET BOOK VALUE
At 31 March 2023 607
At 31 March 2022 1,105

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 985,493
Disposals (294,674 )
At 31 March 2023 690,819
NET BOOK VALUE
At 31 March 2023 690,819
At 31 March 2022 985,493

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 690,819

The investment property was valued on a fair value basis at 31 March 2023 by the directors who do not have formal valuation qualifications. In valuing the property the directors have considered both anticipated rental yields and fair value of the property.

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 1,301 930
Director's current account -
P C Winstone 9,618 13,905
Prepayments and accrued income 2,518 1,150
13,437 15,985

Amounts falling due after more than one year:
Other debtors 5,291 5,291

Aggregate amounts 18,728 21,276

CHARLES WINSTONE LIMITED (REGISTERED NUMBER: 02440993)

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


7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Bond 450,000 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 775 750
Corporation tax 10,544 11,005
VAT 4,158 3,299
Accruals and deferred income 6,475 17,621
21,952 32,675

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,669 Ordinary £1 1,669 1,669

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
P C Winstone
Balance outstanding at start of year 13,905 15,261
Amounts advanced 259 286
Amounts repaid (1,546 ) (1,642 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,618 13,905

There are no fixed repayment terms and interest has been charged on the balance at a commercial rate.