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REGISTERED NUMBER: 01724264 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

WINGPLUS LTD

WINGPLUS LTD (REGISTERED NUMBER: 01724264)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WINGPLUS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTOR: M A Anthony





SECRETARY: M A Anthony





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





REGISTERED NUMBER: 01724264 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

WINGPLUS LTD (REGISTERED NUMBER: 01724264)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 980 1,153
Investments 5 1 1
Investment property 6 195,000 195,000
195,981 196,154

CURRENT ASSETS
Cash at bank 30,909 28,884

CREDITORS
Amounts falling due within one year 7 63,929 63,807
NET CURRENT LIABILITIES (33,020 ) (34,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,961

161,231

PROVISIONS FOR LIABILITIES 28,295 28,295
NET ASSETS 134,666 132,936

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 134,566 132,836
SHAREHOLDERS' FUNDS 134,666 132,936

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WINGPLUS LTD (REGISTERED NUMBER: 01724264)

BALANCE SHEET - continued
30 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





M A Anthony - Director


WINGPLUS LTD (REGISTERED NUMBER: 01724264)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

Wingplus Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents rents received during the year and is recognised over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furnishings - 15% on reducing balance

Investment property
Investment property is shown at most recent director's valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

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 1 (2022 - 1 ) .

WINGPLUS LTD (REGISTERED NUMBER: 01724264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Furnishings
£   
COST
At 31 December 2022
and 30 December 2023 10,970
DEPRECIATION
At 31 December 2022 9,817
Charge for year 173
At 30 December 2023 9,990
NET BOOK VALUE
At 30 December 2023 980
At 30 December 2022 1,153

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 December 2022
and 30 December 2023 1
NET BOOK VALUE
At 30 December 2023 1
At 30 December 2022 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022
and 30 December 2023 195,000
NET BOOK VALUE
At 30 December 2023 195,000
At 30 December 2022 195,000

The freehold of the Stone Manor development is owned by Stone Manor Management Company Limited. Wingplus Limited is the leasehold owner of Flat 18 Stone Manor under the terms of a lease with Stone Manor Management Company Limited dated 16 December 1996. The lease term is 999 years from 1 August 1995.

Wingplus Limited is the holder of one share in Stone Manor Management Company Limited.

Fair value at 30 December 2023 is represented by:
£   
Valuation in 2023 195,000

The director has assessed the open market value of the investment property as at 30 December 2023 to be £195,000.

WINGPLUS LTD (REGISTERED NUMBER: 01724264)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 446 545
Other creditors 61,522 61,747
Accrued expenses 1,961 1,515
63,929 63,807