Winter Park Holdings Limited 11912132 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is that of holding land and property for investment and to receive rental income. Digita Accounts Production Advanced 6.30.9574.0 true false true 11912132 2022-04-01 2023-03-31 11912132 2023-03-31 11912132 bus:OrdinaryShareClass1 2023-03-31 11912132 bus:Original 2023-03-31 11912132 core:CurrentFinancialInstruments 2023-03-31 11912132 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11912132 core:LandBuildings 2023-03-31 11912132 core:MotorVehicles 2023-03-31 11912132 core:OtherPropertyPlantEquipment 2023-03-31 11912132 bus:SmallEntities 2022-04-01 2023-03-31 11912132 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11912132 bus:FullAccounts 2022-04-01 2023-03-31 11912132 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11912132 bus:RegisteredOffice 2022-04-01 2023-03-31 11912132 bus:Director1 2022-04-01 2023-03-31 11912132 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 11912132 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11912132 core:Buildings 2022-04-01 2023-03-31 11912132 core:LandBuildings 2022-04-01 2023-03-31 11912132 core:MotorVehicles 2022-04-01 2023-03-31 11912132 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 11912132 core:PlantMachinery 2022-04-01 2023-03-31 11912132 1 2022-04-01 2023-03-31 11912132 countries:England 2022-04-01 2023-03-31 11912132 2022-03-31 11912132 core:LandBuildings 2022-03-31 11912132 core:MotorVehicles 2022-03-31 11912132 core:OtherPropertyPlantEquipment 2022-03-31 11912132 2021-04-01 2022-03-31 11912132 2022-03-31 11912132 bus:OrdinaryShareClass1 2022-03-31 11912132 core:CurrentFinancialInstruments 2022-03-31 11912132 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11912132 core:LandBuildings 2022-03-31 11912132 core:MotorVehicles 2022-03-31 11912132 core:OtherPropertyPlantEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11912132

Winter Park Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Winter Park Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Winter Park Holdings Limited

(Registration number: 11912132)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,377,948

1,160,878

Current assets

 

Debtors

5

296,000

410,013

Cash at bank and in hand

 

576,158

774,727

 

872,158

1,184,740

Creditors: Amounts falling due within one year

6

(349,043)

(310,131)

Net current assets

 

523,115

874,609

Net assets

 

1,901,063

2,035,487

Capital and reserves

 

Called up share capital

4

4

Retained earnings

1,901,059

2,035,483

Shareholders' funds

 

1,901,063

2,035,487

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 November 2023 and signed on its behalf by:
 

.........................................
Mr Thomas Roy Senior
Director

 

Winter Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Herts
SG4 0TW

The principal place of business is:
Holly Tree Cottage
Long Lane
Bovingdon
Hertfordshire
HP3 0PZ
United Kingdom

These financial statements were authorised for issue by the Board on 29 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Winter Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Tangible assets consist entirely of land owned and some plant and machinery. This is held at cost. No depreciation is charged on the land on the basis that its recoverable amount is considered higher than its current cost.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

2% Straight line

Motor vehicles

25% Reducing balance

Plant and machinery

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Winter Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

1,120,652

27,014

29,456

1,177,122

Additions

225,664

521

7,000

233,185

At 31 March 2023

1,346,316

27,535

36,456

1,410,307

Depreciation

At 1 April 2022

2,127

6,753

7,364

16,244

Charge for the year

3,646

5,196

7,273

16,115

At 31 March 2023

5,773

11,949

14,637

32,359

Carrying amount

At 31 March 2023

1,340,543

15,586

21,819

1,377,948

At 31 March 2022

1,118,525

20,261

22,092

1,160,878

Included within the net book value of land above is £1,340,544 (2022 - £1,118,525) in respect of freehold land and buildings
 

5

Debtors

2023
£

2022
£

Other debtors

296,000

410,013

296,000

410,013

 

Winter Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

600

-

Accruals and deferred income

1,250

1,250

Other creditors

347,193

308,881

349,043

310,131

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4

         

8

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £17,075.00 (2022 - £16,300.00) per ordinary share

 

76,300

 

65,200

         

9

Related party transactions

Dividends paid to directors

   

2023
£

 

2022
£

Mrs Kimberley Sian Senior

       

Interim dividend paid

 

38,150

 

32,600

         

Mr Thomas Roy Senior

       

Interim dividend paid

 

38,150

 

32,600

         

 

Winter Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

10

Parent and ultimate parent undertaking

The ultimate controlling party is Thomas and Kimberley Senior as director's and shareholder's acting in concert.