3 31/12/2023 2023-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 23.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 10323747 2023-01-01 2023-12-31 10323747 2023-12-31 10323747 2022-12-31 10323747 2022-01-01 2022-12-31 10323747 2022-12-31 10323747 2021-12-31 10323747 bus:RegisteredOffice 2023-01-01 2023-12-31 10323747 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 10323747 bus:Director1 2023-01-01 2023-12-31 10323747 bus:Director2 2023-01-01 2023-12-31 10323747 bus:Director3 2023-01-01 2023-12-31 10323747 core:WithinOneYear 2023-12-31 10323747 core:WithinOneYear 2022-12-31 10323747 core:ShareCapital 2023-12-31 10323747 core:ShareCapital 2022-12-31 10323747 core:RetainedEarningsAccumulatedLosses 2023-12-31 10323747 core:RetainedEarningsAccumulatedLosses 2022-12-31 10323747 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 10323747 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-12-31 10323747 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 10323747 core:Non-currentFinancialInstruments 2023-12-31 10323747 core:Non-currentFinancialInstruments 2022-12-31 10323747 bus:SmallEntities 2023-01-01 2023-12-31 10323747 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10323747 bus:FullAccounts 2023-01-01 2023-12-31 10323747 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10323747 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Company registration number: 10323747
Warke Estate Holding Company Ltd
Unaudited filleted financial statements
31 December 2023
Coulter & Co (Accountants) Ltd
Chartered Certified Accountants
Warke Estate Holding Company Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Warke Estate Holding Company Ltd
Directors and other information
Directors Mr J Warke
Mr J N Warke
Mrs M Warke
Company number 10323747
Registered office Pera Business Park
Nottingham Road
Melton Mowbray
LE13 0PB
Accountants Coulter & Co (Accountants) Ltd
Pera Business Park
M03 Tower Building
Nottingham Road
Melton Mowbray
LE13 0PB
Warke Estate Holding Company Ltd
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 5 1,460,374 1,785,374
_______ _______
1,460,374 1,785,374
Current assets
Debtors 6 157,508 117,220
Cash at bank and in hand 740,661 225,838
_______ _______
898,169 343,058
Creditors: amounts falling due
within one year 7 ( 194,420) ( 182,059)
_______ _______
Net current assets 703,749 160,999
_______ _______
Total assets less current liabilities 2,164,123 1,946,373
_______ _______
Net assets 2,164,123 1,946,373
_______ _______
Capital and reserves
Called up share capital 124 124
Profit and loss account 2,163,999 1,946,249
_______ _______
Shareholders funds 2,164,123 1,946,373
_______ _______
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 February 2024 , and are signed on behalf of the board by:
Mr J Warke
Director
Company registration number: 10323747
Warke Estate Holding Company Ltd
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Pera Business Park, Nottingham Road, Melton Mowbray, LE13 0PB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments in subsidaries
Investments in subsidiary undertakings are recognised at cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 January 2023 1,785,374 1,785,374
Disposals ( 325,000) ( 325,000)
_______ _______
At 31 December 2023 1,460,374 1,460,374
_______ _______
Impairment
At 1 January 2023 and 31 December 2023 - -
_______ _______
Carrying amount
At 31 December 2023 1,460,374 1,460,374
_______ _______
At 31 December 2022 1,785,374 1,785,374
_______ _______
6. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 47,757 77,120
Other debtors 109,751 40,100
_______ _______
157,508 117,220
_______ _______
Amounts owed by group undertakings are unsecured, are interest free and repayable on demand.
7. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 189,560 177,704
Corporation tax 3,860 3,405
Other creditors 1,000 950
_______ _______
194,420 182,059
_______ _______
Amounts owed to group undertakings are unsecured, are interest free and repayable on demand.
8. Related party disclosures
As at the balance sheet date, the company was owed £47,757 (2022: £77,120) by a subsidiary. This loan is unsecured, interest free and repayable on demand.
As at the balance sheet date, the company owed £189,560 (2022: £177,704) to a subsidiary. This loan is unsecured, interest free and repayable on demand.