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REGISTERED NUMBER: 10851158 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

WI Property Holdings Limited

WI Property Holdings Limited (Registered number: 10851158)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WI Property Holdings Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr I Poswall
Mr. M W Poswall





REGISTERED OFFICE: Solent House
107a Alma Road
Southampton
SO14 6UY





REGISTERED NUMBER: 10851158 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

WI Property Holdings Limited (Registered number: 10851158)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,150,000 3,150,000

CURRENT ASSETS
Debtors 5 4,111 11,649
Cash at bank 12,144 6,625
16,255 18,274
CREDITORS
Amounts falling due within one year 6 1,313,668 1,424,399
NET CURRENT LIABILITIES (1,297,413 ) (1,406,125 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,852,587

1,743,875

CREDITORS
Amounts falling due after more than one
year

7

(260,806

)

(272,865

)

PROVISIONS FOR LIABILITIES (253,252 ) (229,073 )
NET ASSETS 1,338,529 1,241,937

CAPITAL AND RESERVES
Called up share capital 8 100 100
Undistributable reserves 9 952,396 976,575
Retained earnings 9 386,033 265,262
SHAREHOLDERS' FUNDS 1,338,529 1,241,937

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

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

WI Property Holdings Limited (Registered number: 10851158)

Balance Sheet - continued
31 July 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 16 April 2024 and were signed on its behalf by:





Mr I Poswall - Director


WI Property Holdings Limited (Registered number: 10851158)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

WI Property Holdings 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.

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 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 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 NIL (2022 - NIL).

WI Property Holdings Limited (Registered number: 10851158)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 3,150,000
NET BOOK VALUE
At 31 July 2023 3,150,000
At 31 July 2022 3,150,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 3,150,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 7,200
Prepayments 4,111 4,449
4,111 11,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Corporation tax 32,619 29,557
Other creditors 18,037 15,562
Directors' current accounts 1,241,248 1,369,548
Accruals and deferred income 21,680 9,600
Accrued expenses 84 132
1,313,668 1,424,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans more 5 yrs non-inst 260,806 272,865

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 260,806 272,865

WI Property Holdings Limited (Registered number: 10851158)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained Undistributable
earnings reserves Totals
£    £    £   

At 1 August 2022 265,262 952,396 1,217,658
Profit for the year 124,771 124,771
Dividends (4,000 ) (4,000 )
At 31 July 2023 386,033 952,396 1,338,429

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr I Poswall
Balance outstanding at start of year (639,733 ) (693,233 )
Amounts advanced 62,400 53,500
Amounts repaid (500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (577,833 ) (639,733 )

Mr. M W Poswall
Balance outstanding at start of year (729,815 ) (783,315 )
Amounts advanced 66,900 53,500
Amounts repaid (500 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (663,415 ) (729,815 )

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr I and Mr W Poswall throughout the current period. Mr I and Mr W Poswall are the managing directors and majority shareholders.

There were no transactions which were undertaken such as are required to be disclosed under Section 1a (Smaller Entities) for Financial Reporting Standard 102.