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REGISTERED NUMBER: 13179142 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Winland Property LTD

Winland Property LTD (Registered number: 13179142)






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


Winland Property LTD

Company Information
for the Year Ended 28 February 2023







DIRECTORS: T Cowland
Mrs G L Cowland





REGISTERED OFFICE: Unit 6, Bowes Industrial Centre
Wrotham Road
Meopham
Gravesend
Kent
DA13 0QB





REGISTERED NUMBER: 13179142 (England and Wales)





ACCOUNTANTS: Haxell Giddings Limited
Black Barn
Gay Dawn Farm
Valley Road
Fawkham
Kent
DA3 8LY

Winland Property LTD (Registered number: 13179142)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 619,627 295,002

CURRENT ASSETS
Cash at bank 229,550 5,390

CREDITORS
Amounts falling due within one year 5 350,145 94,964
NET CURRENT LIABILITIES (120,595 ) (89,574 )
TOTAL ASSETS LESS CURRENT LIABILITIES 499,032 205,428

CREDITORS
Amounts falling due after more than one
year

6

(454,710

)

(210,995

)

PROVISIONS FOR LIABILITIES (5,198 ) -
NET ASSETS/(LIABILITIES) 39,124 (5,567 )

CAPITAL AND RESERVES
Called up share capital 7 200 200
Fair value reserve 8 57,302 -
Retained earnings (18,378 ) (5,767 )
SHAREHOLDERS' FUNDS 39,124 (5,567 )

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.

Winland Property LTD (Registered number: 13179142)

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 16 October 2023 and were signed on its behalf by:





T Cowland - Director


Winland Property LTD (Registered number: 13179142)

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

1. STATUTORY INFORMATION

Winland Property 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.

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.

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 ) .

Winland Property LTD (Registered number: 13179142)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 295,002
Additions 262,125
Revaluations 62,500
At 28 February 2023 619,627
NET BOOK VALUE
At 28 February 2023 619,627
At 28 February 2022 295,002

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 62,500
Cost 557,127
619,627

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 557,127 -

Investment properties were valued on an open market basis on 28 February 2023 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 59,134 59,134
Other creditors 291,011 35,830
350,145 94,964

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 454,710 210,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Debentures more 5yr non-instal 454,710 210,995

The bank loans are secured by legal charges over the company's freehold investment properties.

Winland Property LTD (Registered number: 13179142)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 ordinary £1 200 200

8. RESERVES
Fair
value
reserve
£   
Revaluation of investment
property 62,500
Profit and loss account
deferred tax (5,198 )

At 28 February 2023 57,302

9. RELATED PARTY DISCLOSURES

Included in other creditors, at note 5, the directors are owed £45,003 (2022 £35,476).

Moolands Limited
Company in which Mr & Mrs Cowland are directors and shareholders.
2023 2022
£ £
Net loans advanced from/(paid to) party 242,860 -
Amounts owed to party at year end 242,860 -
Loans are repayable on demand, all amounts from party are non interest bearing.

10. ULTIMATE CONTROLLING PARTY

The controlling party is T Cowland.