IRIS Accounts Production v23.3.1.45 14128174 director 24.5.22 31.8.23 31.8.23 21.2.24 0 false true false false true false Auditors Opinion Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141281742022-05-23141281742023-08-31141281742022-05-242023-08-31141281742022-05-2314128174ns10:Originalns15:EnglandWales2022-05-242023-08-3114128174ns14:PoundSterlingns10:Original2022-05-242023-08-3114128174ns10:Originalns10:Director12022-05-242023-08-3114128174ns10:Original2022-05-242023-08-3114128174ns10:Original2023-08-3114128174ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-242023-08-3114128174ns10:Originalns10:SmallEntities2022-05-242023-08-3114128174ns10:Originalns10:Audited2022-05-242023-08-3114128174ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-242023-08-3114128174ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-242023-08-3114128174ns10:Originalns10:FullAccounts2022-05-242023-08-3114128174ns10:Originalns10:RegisteredOffice2022-05-242023-08-3114128174ns10:Originalns5:CurrentFinancialInstruments2023-08-3114128174ns5:ShareCapitalns10:Original2023-08-3114128174ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-31
REGISTERED NUMBER: 14128174 (England and Wales)




















Financial Statements

for the Period 24 May 2022 to 31 August 2023

for

Westonbirt Properties Limited

Westonbirt Properties Limited (Registered number: 14128174)






Contents of the Financial Statements
for the Period 24 May 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Westonbirt Properties Limited

Company Information
for the Period 24 May 2022 to 31 August 2023







DIRECTOR: S J Antrobus





REGISTERED OFFICE: 25-27 High Street
Corsham
Wiltshire
SN13 0ES





REGISTERED NUMBER: 14128174 (England and Wales)

Westonbirt Properties Limited (Registered number: 14128174)

Balance Sheet
31 August 2023

Notes £    £   
FIXED ASSETS
Investment property 4 26,386,671

CURRENT ASSETS
Cash at bank 4,604

CREDITORS
Amounts falling due within one year 5 5,900,440
NET CURRENT LIABILITIES (5,895,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,490,835

PROVISIONS FOR LIABILITIES 5,111,867
NET ASSETS 15,378,968

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 15,378,967
15,378,968

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 director and authorised for issue on 21 February 2024 and were signed by:





S J Antrobus - Director


Westonbirt Properties Limited (Registered number: 14128174)

Notes to the Financial Statements
for the Period 24 May 2022 to 31 August 2023

1. STATUTORY INFORMATION

Westonbirt 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The company's functional and presentation currency is the pound sterling.

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 other stated.

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

Turnover represents rentals from property, excluding value added tax where appropriate.

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 period 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 period 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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Financial instruments
Financial instruments are classified by the directors as basic or advanced following conditions in FRS 102 Section 11.

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Westonbirt Properties Limited (Registered number: 14128174)

Notes to the Financial Statements - continued
for the Period 24 May 2022 to 31 August 2023

2. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowing are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each
balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provision are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probably that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Leases
Rental receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 5,939,202
Revaluations 20,974,295
Impairments (526,826 )
At 31 August 2023 26,386,671
NET BOOK VALUE
At 31 August 2023 26,386,671

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2023 20,447,469
Cost 5,939,202
26,386,671

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 5,892,338
Other creditors 8,102
5,900,440

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Black (Senior Statutory Auditor)
for and on behalf of Sumer Audit

Westonbirt Properties Limited (Registered number: 14128174)

Notes to the Financial Statements - continued
for the Period 24 May 2022 to 31 August 2023

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.