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REGISTERED NUMBER: 01074806 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

WINCKLEY ESTATES LIMITED

WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WINCKLEY ESTATES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Mr M A Crook
Mrs V L Bauer





SECRETARY: Mr M A Crook





REGISTERED OFFICE: Nook Farm
Carrhouse Lane
Bretherton
Leyland
Lancashire
PR26 9AR





REGISTERED NUMBER: 01074806 (England and Wales)






WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,814 55,174
Investments 5 2 2
Investment property 6 1,158,384 1,158,384
1,213,200 1,213,560

CURRENT ASSETS
Stocks 7 17,482 12,641
Debtors 8 33,796 16,149
Cash at bank 56,760 60,507
108,038 89,297
CREDITORS
Amounts falling due within one year 9 187,915 146,432
NET CURRENT LIABILITIES (79,877 ) (57,135 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,133,323

1,156,425

CREDITORS
Amounts falling due after more than one
year

10

(323,161

)

(346,236

)

PROVISIONS FOR LIABILITIES (21,630 ) (21,787 )
NET ASSETS 788,532 788,402

WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

BALANCE SHEET - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Non-distributable reserve 570,670 570,670
Retained earnings 214,862 214,732
788,532 788,402

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

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

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 24 July 2024 and were signed on its behalf by:





Mr M A Crook - Director


WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Winckley Estates 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Winckley Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

The director's opinion is that depreciation should not apply to freehold property, included in note 5, as its market value considerably outweighs its cost.

Investment property
The property held by the company is classed as investment property, which is held to earn rentals and / or for capital appreciation. Investment property is stated at open market value, at the most recent valuation. Gains or losses arising from the changes in the fair values of investment properties are included in the Income Statement for the period in which they arise. Deferred tax is provided on these movements where applicable.

Stocks
Stock is valued at the lower of cost and net realisable value. Long term contracts are valued at cost, net of amounts transferred to cost of sales, after deducting foreseeable losses and payments on account not matched with turnover. Transfers to turnover are made on the basis of cost plus known profit attributable to the stage of completion of each contract.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, prepayments, trade creditors, accruals, cash at bank, bank loans, and intercompany loans. They are all measured at the amount of consideration expected to be received or paid.


WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Revenue recognition
Turnover is measured at fair value of the consideration received or receivable and represents amounts receivable for goods and services supplied net of discounts.

Rents receivable are recognised when a liability arises on the tenant in accordance with the tenancy agreement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 November 2022
and 31 October 2023 51,974 17,918 69,892
DEPRECIATION
At 1 November 2022 - 14,718 14,718
Charge for year - 360 360
At 31 October 2023 - 15,078 15,078
NET BOOK VALUE
At 31 October 2023 51,974 2,840 54,814
At 31 October 2022 51,974 3,200 55,174

The directors, on reflection, consider that the cost of the freehold property is far outweighed by its market value and therefore do not consider that the property should be depreciated at all. This departure from The Companies Act 2006 and FRS 102 1A is in the directors' opinion necessary for the financial statements to give a true and fair view given that they do not wish to revalue the property. In the directors' opinion a provision of at least £693 should have been made on the buildings element of the property. The effect of not providing for depreciation on this asset is to overstate profits by £693 in both the current and previous years.

Cost or valuation at 31 October 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Cost 51,974 17,918 69,892

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 2
NET BOOK VALUE
At 31 October 2023 2
At 31 October 2022 2

Investments in subsidiary undertakings are recognised at cost.

WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,158,384
NET BOOK VALUE
At 31 October 2023 1,158,384
At 31 October 2022 1,158,384

Fair value at 31 October 2023 is represented by:
£   
Valuation in 1992 169,950
Valuation in 2011 400,720
Cost 587,714
1,158,384

If investment property had not been revalued it would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 587,714 587,714

Investment property was valued on an open market basis on 14 July 2011 by M A Crook, a director of the company .

7. STOCKS
31.10.23 31.10.22
£    £   
Stock and work-in-progress 17,482 12,641

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 26,514 10,523
Other debtors 6,515 5,056
Prepayments and accrued income 767 570
33,796 16,149

WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 52,360 44,515
Trade creditors 11,017 (1,907 )
Corporation tax 5,577 10,200
Social security and other taxes 941 941
Directors' loan accounts 104,635 76,477
Accruals and deferred income 13,385 16,206
187,915 146,432

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 52,360 44,515
Bank loans - 2-5 years 157,080 133,545
Bank loans 113,721 168,176
323,161 346,236

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 113,721 168,176

11. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 375,521 390,751

The bank loans and overdraft facility are secured by legal charges over the company's freehold property in the form of a debenture dated 9 October 1989, and legal charges dating from 20th July 1987 over six freehold properties held for rental purposes, and one other freehold property. The company has also given a debenture in favour of Royal Bank of Scotland PLC, in respect of the borrowing requirements of its wholly owned subsidiary company Marlion (Preston) Limited.

12. RELATED PARTY DISCLOSURES

At 31 October 2023 the company owed £104,734 (2022: £76,477) to a director. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.




WINCKLEY ESTATES LIMITED (REGISTERED NUMBER: 01074806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023


13. ULTIMATE CONTROLLING PARTY

The directors consider that Mr M A Crook is the ultimate controlling party by virtue of his shareholding in the company.