Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falserental of land and property44falsetrue 01293539 2023-04-01 2024-03-31 01293539 2022-04-01 2023-03-31 01293539 2024-03-31 01293539 2023-03-31 01293539 c:Director1 2023-04-01 2024-03-31 01293539 c:Director2 2023-04-01 2024-03-31 01293539 c:Director3 2023-04-01 2024-03-31 01293539 c:Director4 2023-04-01 2024-03-31 01293539 c:RegisteredOffice 2023-04-01 2024-03-31 01293539 d:Buildings 2023-04-01 2024-03-31 01293539 d:Buildings 2024-03-31 01293539 d:Buildings 2023-03-31 01293539 d:CurrentFinancialInstruments 2024-03-31 01293539 d:CurrentFinancialInstruments 2023-03-31 01293539 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01293539 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01293539 d:ShareCapital 2024-03-31 01293539 d:ShareCapital 2023-03-31 01293539 d:SharePremium 2024-03-31 01293539 d:SharePremium 2023-03-31 01293539 d:OtherMiscellaneousReserve 2024-03-31 01293539 d:OtherMiscellaneousReserve 2023-03-31 01293539 d:RetainedEarningsAccumulatedLosses 2024-03-31 01293539 d:RetainedEarningsAccumulatedLosses 2023-03-31 01293539 c:FRS102 2023-04-01 2024-03-31 01293539 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01293539 c:FullAccounts 2023-04-01 2024-03-31 01293539 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01293539 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 01293539














WINGATE STADIUM LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
WINGATE STADIUM LIMITED
 
 
COMPANY INFORMATION


Directors
J B Broomfield 
D Grunberg 
K J Harris 
M A Pears 




Registered number
01293539



Registered office
5 Elstree Gate
Elstree Way

Borehamwood

Hertfordshire

WD6 1JD




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
WINGATE STADIUM LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 6


 
WINGATE STADIUM LIMITED
REGISTERED NUMBER:01293539

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,219,010
1,217,210

  
1,219,010
1,217,210

Current assets
  

Debtors: amounts falling due within one year
 5 
-
480

Cash at bank and in hand
  
22,960
11,334

  
22,960
11,814

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(7,586)
(8,517)

Net current assets
  
 
 
15,374
 
 
3,297

Total assets less current liabilities
  
1,234,384
1,220,507

Provisions for liabilities
  

Deferred tax
  
(153,583)
(153,583)

  
 
 
(153,583)
 
 
(153,583)

Net assets
  
1,080,801
1,066,924


Capital and reserves
  

Called up share capital 
  
147,000
147,000

Share premium account
  
16,485
16,485

Other reserves
  
827,250
827,250

Profit and loss account
  
90,066
76,189

  
1,080,801
1,066,924


Page 1

 
WINGATE STADIUM LIMITED
REGISTERED NUMBER:01293539
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 comprehensive income 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 by: 




D Grunberg
K J Harris
Director
Director


Date: 14 July 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WINGATE STADIUM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

 Wingate Stadium Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the company continued to be that of the rental of land and property.
The financial statements are prepared in Sterling, which is the functional currency of the company.

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

Turnover

Turnover represents rents receivable, stated net of value added tax. 
Rental income is recognised on a calendar basis. 

 
2.3

Current and deferred taxation

The tax expense for the year 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 reporting 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 reporting 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 reporting date.

Page 3

 
WINGATE STADIUM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Freehold properties are shown at fair value and any changes in fair value are recognised in the income statement.

Deferred tax is recognised on the timing differences that have originated due to any fair value gains recognised through the income statement.


 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

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 and loans to related parties. 


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
WINGATE STADIUM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property

£



Valuation


At 1 April 2023
1,217,210


Additions
1,800



At 31 March 2024

1,219,010






Net book value



At 31 March 2024
1,219,010



At 31 March 2023
1,217,210

Included in valuation of freehold investment property is freehold land of £1,219,010 (2023 - £1,217,210)  which is not depreciated. 
Freehold property was last valued at 31 March 2024 by the directors with no change in the fair value being required.


5.


Debtors

2024
2023
£
£


Other debtors
-
480



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
3,396
5,159

Amounts due to directors
1,620
788

Accruals and deferred income
2,570
2,570

7,586
8,517


Page 5

 
WINGATE STADIUM LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Related party transactions

The amounts due to the directors are interest free and repayable on demand.

 
Page 6