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REGISTERED NUMBER: 09597570 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

WIMBORNE PROPERTIES LIMITED

WIMBORNE PROPERTIES LIMITED (REGISTERED NUMBER: 09597570)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WIMBORNE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: S T Homer
B J Homer





REGISTERED OFFICE: 1st Floor 7 Winchester Place
North Street
Poole
Dorset
BH15 1NX





REGISTERED NUMBER: 09597570 (England and Wales)





ACCOUNTANTS: Green and Purple Limited
Building 1000
Cambridge Research Park
Waterbeach
Cambridgeshire
CB25 9PD

WIMBORNE PROPERTIES LIMITED (REGISTERED NUMBER: 09597570)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 1,237,240 1,311,836

CURRENT ASSETS
Debtors 5 69,213 70,311
Prepayments and accrued income 4,156 643
Cash at bank 36,948 42,028
110,317 112,982
CREDITORS
Amounts falling due within one year 6 (29,672 ) (36,813 )
NET CURRENT ASSETS 80,645 76,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,317,885

1,388,005

CREDITORS
Amounts falling due after more than one year 7 (1,290,991 ) (1,306,229 )
NET ASSETS 26,894 81,776

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,892 81,774
26,894 81,776

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

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

WIMBORNE PROPERTIES LIMITED (REGISTERED NUMBER: 09597570)

BALANCE SHEET - continued
31 MAY 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 6 February 2024 and were signed on its behalf by:





S T Homer - Director


WIMBORNE PROPERTIES LIMITED (REGISTERED NUMBER: 09597570)

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


1. Statutory information

Wimborne Properties 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.

The financial statements have been modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue comprises rents receivable and is recognised in the period to which it relates.

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 1 (2022 - 2 ) .

WIMBORNE PROPERTIES LIMITED (REGISTERED NUMBER: 09597570)

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


4. Investment property
Total
£   
Fair value
At 1 June 2022 1,311,836
Impairments (74,596 )
At 31 May 2023 1,237,240
Net book value
At 31 May 2023 1,237,240
At 31 May 2022 1,311,836

The 2023 valuations were made by the directors, on an open market value for existing use basis.

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 9,016 7,114
Other debtors 60,197 63,197
69,213 70,311

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 2,040 -
Taxation and social security 15,299 13,365
Other creditors 12,333 23,448
29,672 36,813

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 1,290,991 1,306,229

8. Related party disclosures

Included in other creditors due within one year is £Nil (2022: £8,415) owed to Mr and Mrs Homer, the directors of the company.

Included in other creditors due after one year is £1,290,991 (2022: £1,306,229) owed to Mr and Mrs Homer, the directors of the company which is informal and will be repaid when sufficient funds become available.

Management fees of £1,944 (2022: £7,776) were charged by Tech Tent Limited, a company which is commonly controlled by Mr and Mrs Homer.