Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-312022-07-11falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14226291 2022-07-10 14226291 2022-07-11 2023-12-31 14226291 2021-07-11 2022-07-10 14226291 2023-12-31 14226291 c:Director1 2022-07-11 2023-12-31 14226291 c:Director1 2023-12-31 14226291 c:RegisteredOffice 2022-07-11 2023-12-31 14226291 d:PlantMachinery 2022-07-11 2023-12-31 14226291 d:PlantMachinery 2023-12-31 14226291 d:FurnitureFittings 2022-07-11 2023-12-31 14226291 d:FurnitureFittings 2023-12-31 14226291 d:ComputerEquipment 2022-07-11 2023-12-31 14226291 d:ComputerEquipment 2023-12-31 14226291 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-11 2023-12-31 14226291 d:ComputerSoftware 2023-12-31 14226291 d:FreeholdInvestmentProperty 2022-07-11 2023-12-31 14226291 d:FreeholdInvestmentProperty 2023-12-31 14226291 d:FreeholdInvestmentProperty 2 2022-07-11 2023-12-31 14226291 d:CurrentFinancialInstruments 2023-12-31 14226291 d:Non-currentFinancialInstruments 2023-12-31 14226291 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14226291 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14226291 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 14226291 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 14226291 d:ShareCapital 2022-07-11 2023-12-31 14226291 d:ShareCapital 2023-12-31 14226291 d:RetainedEarningsAccumulatedLosses 2022-07-11 2023-12-31 14226291 d:RetainedEarningsAccumulatedLosses 2023-12-31 14226291 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14226291 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 14226291 c:FRS102 2022-07-11 2023-12-31 14226291 c:AuditExempt-NoAccountantsReport 2022-07-11 2023-12-31 14226291 c:FullAccounts 2022-07-11 2023-12-31 14226291 c:PrivateLimitedCompanyLtd 2022-07-11 2023-12-31 14226291 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-07-11 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 14226291







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 DECEMBER 2023


WIMBLEDON PARK LTD






































img6f71.png                        

 


WIMBLEDON PARK LTD
 


 
COMPANY INFORMATION


Director
J Xiaozhou (appointed 11 July 2022)




Registered number
14226291



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


WIMBLEDON PARK LTD
REGISTERED NUMBER:14226291



BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
24,000

Tangible assets
 5 
21,885

Investment property
 6 
30,030,000

  
30,075,885

Current assets
  

Debtors: amounts falling due within one year
 7 
39,894

Cash at bank and in hand
  
1,384,936

  
1,424,830

Creditors: amounts falling due within one year
 8 
(1,031,528)

Net current assets
  
 
 
393,302

Total assets less current liabilities
  
30,469,187

Creditors: amounts falling due after more than one year
 9 
(24,352,500)

Provisions for liabilities
  

Deferred tax
 11 
(1,528,458)

  
 
 
(1,528,458)

Net assets
  
4,588,229


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
4,588,129

  
4,588,229


Page 1

 


WIMBLEDON PARK LTD
REGISTERED NUMBER:14226291


    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 April 2024.

J Xiaozhou
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 


WIMBLEDON PARK LTD
 



STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period

-
4,588,129
4,588,129


Other comprehensive income for the period
-
-
-


Total comprehensive income for the period
-
4,588,129
4,588,129


Contributions by and distributions to owners

Shares issued during the period
100
-
100


Total transactions with owners
100
-
100


At 31 December 2023
100
4,588,129
4,588,229

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 


WIMBLEDON PARK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Wimbledon Park Ltd is a private company, limited by shares, registered in England and Wales, company registration number 14226291. The registered office is stated on the company information page. There is no principle place of business.
The company was incorporated and began trading on 11 July 2022. The accounts cover the long period ending 31 December 2023.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue represents rental income recognised in line with rental agreements, with income recieved in advance of its related rental period being deferred where necessary.
Provision for bad debts are made in respect of debts that the directors believe are unlikely to be recovered based on correspondence with the debtor and their financial position. A provision for bad debt is made for all debts more than 120 days. 

 
2.3

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 


WIMBLEDON PARK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. Amortisation is not recognised in the year of acquisition. 

 The estimated useful lives range as follows:

Computer software
-
10
years

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is not charged in the year of purchase.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Fixtures and fittings
-
25%
Straight line
Computer equipment
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors in consultation with external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 5

 


WIMBLEDON PARK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Intangible assets



Computer software

£



Cost


Additions
24,000



At 31 December 2023

24,000






Net book value



At 31 December 2023
24,000




5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


Additions
9,930
11,054
901
21,885



At 31 December 2023

9,930
11,054
901
21,885






Net book value



At 31 December 2023
9,930
11,054
901
21,885

Page 6

 


WIMBLEDON PARK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property

£



Valuation


Additions at cost
23,366,915


Surplus on revaluation
6,663,085



At 31 December 2023
30,030,000

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





7.


Debtors

2023
£


Trade debtors
12,028

Prepayments and accrued income
27,866

39,894



8.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
58,161

Other creditors
216,763

Accruals and deferred income
756,604

1,031,528



9.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
13,812,500

Amounts owed to related undertakings
527,000

Amounts owed to group undertakings
10,013,000

24,352,500


Page 7

 


WIMBLEDON PARK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
£


Amounts falling due 2-5 years

Bank loans
13,812,500


13,812,500

Amounts falling due after more than 5 years

Amounts owed to related undertakings
527,000

Amounts owed to group undertakings
10,013,000

10,540,000

24,352,500


Bank loans totalling £13,812,500 are secured through fixed and floating charges over the assets of the company. 
Amounts falling due after more than 5 years represent loans which have been provided for an indefinite period. 


11.


Deferred taxation



2023


£






Charged to profit or loss
(1,528,458)



At end of year
(1,528,458)

The deferred taxation balance is made up as follows:

2023
£


Deferred tax on losses
137,313

Deferred tax on untaxed profits
(1,665,771)

(1,528,458)

 
Page 8