IRIS Accounts Production v23.4.0.336 01480969 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014809692023-01-31014809692024-01-31014809692023-02-012024-01-31014809692022-01-31014809692022-02-012023-01-31014809692023-01-3101480969ns15:EnglandWales2023-02-012024-01-3101480969ns14:PoundSterling2023-02-012024-01-3101480969ns10:Director12023-02-012024-01-3101480969ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3101480969ns10:SmallEntities2023-02-012024-01-3101480969ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3101480969ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3101480969ns10:FullAccounts2023-02-012024-01-3101480969ns10:Director22023-02-012024-01-3101480969ns10:RegisteredOffice2023-02-012024-01-3101480969ns5:CurrentFinancialInstruments2024-01-3101480969ns5:CurrentFinancialInstruments2023-01-3101480969ns5:ShareCapital2024-01-3101480969ns5:ShareCapital2023-01-3101480969ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3101480969ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3101480969ns5:RetainedEarningsAccumulatedLosses2024-01-3101480969ns5:RetainedEarningsAccumulatedLosses2023-01-3101480969ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3101480969ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3101480969ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-31
REGISTERED NUMBER: 01480969 (England and Wales)















WINDYRIDGE PROPERTIES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






WINDYRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 01480969)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WINDYRIDGE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr D K Kounnis
Mr G K Kounnis





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 01480969 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

WINDYRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 01480969)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Investment property 4 925,000 925,000

CURRENT ASSETS
Debtors 5 - 943
Cash at bank 20,716 14,297
20,716 15,240
CREDITORS
Amounts falling due within one year 6 (246,300 ) (300,652 )
NET CURRENT LIABILITIES (225,584 ) (285,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

699,416

639,588

CAPITAL AND RESERVES
Called up share capital 300 300
Fair value reserve 7 79,911 79,911
Retained earnings 619,205 559,377
SHAREHOLDERS' FUNDS 699,416 639,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 2 April 2024 and were signed on its behalf by:



Mr D K Kounnis - Director


WINDYRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 01480969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Windyridge 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 as modified by the revaluation of certain assets.

Turnover
Turnover consists of rents and management charges receivable.

Investment property
The company's investment properties are held for long term investment and are included in the balance sheet at their fair values.

The surplus(es) or deficit(s) movements in fair value of investment properties are included in a fair value reserve being a non distributable reserve and recognised in profit and loss account as movement on comprehensive income statement for the year, apart from when the revaluation is below the original cost and in the opinion of the directors the diminution in value is of a permanent nature which is charged to the profit and loss account. On the disposal of investment property, any related balances in the fair value reserve are transferred to distributable reserves as a movement in reserves.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 925,000
NET BOOK VALUE
At 31 January 2024 925,000
At 31 January 2023 925,000

WINDYRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 01480969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2018 33,323
Valuation in 2019 46,586
Cost 845,091
925,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors - 943

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 8,459 8,384
Taxation and social security 20,190 16,876
Other creditors 217,651 275,392
246,300 300,652

7. RESERVES
Fair
value
reserve
£   
At 1 February 2023
and 31 January 2024 79,911

8. ULTIMATE CONTROLLING PARTY

The Kounnis Capital Trust has been considered as the ultimate controlling party.