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REGISTERED NUMBER: 03444394 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

WORBOYS ESTATES LIMITED

WORBOYS ESTATES LIMITED (REGISTERED NUMBER: 03444394)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WORBOYS ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Ms N J Staples
R Worboys
P Worboys
Mrs L M Worboys





SECRETARY: Mrs L M Worboys





REGISTERED OFFICE: 6 Cookham Dene Close
Manor Park
Chislehurst
Kent
BR7 5QW





REGISTERED NUMBER: 03444394 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

WORBOYS ESTATES LIMITED (REGISTERED NUMBER: 03444394)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 703 913
Investment property 5 1,437,000 2,325,920
1,437,703 2,326,833

CURRENT ASSETS
Debtors 6 270,133 264,727
Cash at bank and in hand 2,276,625 1,316,041
2,546,758 1,580,768
CREDITORS
Amounts falling due within one year 7 104,377 139,181
NET CURRENT ASSETS 2,442,381 1,441,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,880,084

3,768,420

PROVISIONS FOR LIABILITIES 39,933 47,231
NET ASSETS 3,840,151 3,721,189

CAPITAL AND RESERVES
Called up share capital 8 2,010 2,010
Fair value reserve 9 359,075 1,111,591
Retained earnings 9 3,479,066 2,607,588
SHAREHOLDERS' FUNDS 3,840,151 3,721,189

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

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

WORBOYS ESTATES LIMITED (REGISTERED NUMBER: 03444394)

BALANCE SHEET - continued
31 OCTOBER 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 31 January 2024 and were signed on its behalf by:





R Worboys - Director


WORBOYS ESTATES LIMITED (REGISTERED NUMBER: 03444394)

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

1. STATUTORY INFORMATION

Worboys Estates 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% per annum on cost
Computer equipment - 33% per annum on 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.

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 ) .

WORBOYS ESTATES LIMITED (REGISTERED NUMBER: 03444394)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 600 2,589 3,189
DEPRECIATION
At 1 November 2022 437 1,839 2,276
Charge for year 67 143 210
At 31 October 2023 504 1,982 2,486
NET BOOK VALUE
At 31 October 2023 96 607 703
At 31 October 2022 163 750 913

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 2,325,920
Disposals (980,920 )
Revaluations 92,000
At 31 October 2023 1,437,000
NET BOOK VALUE
At 31 October 2023 1,437,000
At 31 October 2022 2,325,920

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 1,437,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 265,067 255,735
Other debtors 5,066 8,992
270,133 264,727

WORBOYS ESTATES LIMITED (REGISTERED NUMBER: 03444394)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 90 2,260
Taxation and social security 96,287 131,468
Other creditors 8,000 5,453
104,377 139,181

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
2,010 Share capital 1 £1 2,010 2,010

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 November 2022 2,607,588 1,111,591 3,719,179
Profit for the year 26,962 26,962
Fixed asset revaluation 844,516 (752,516 ) 92,000
At 31 October 2023 3,479,066 359,075 3,838,141

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owes the directors £3,500 (2022: £47).

11. RELATED PARTY DISCLOSURES

Chelsea Rentals Limited is a related company through common directorship. Chelsea Rentals Limited owed Worboys Estates Limited £193,390 (2022 £184,058) by way of intercompany balance.

The Worboys Bare Trust is a related party through common directorship. The Worboys Bare Trust owed Worboys Estates Limited £71,677.


12. ULTIMATE CONTROLLING PARTY

The controlling party is R Worboys .