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REGISTERED NUMBER: 12473687 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29th February 2024

for

Winder Property Investments Ltd

Winder Property Investments Ltd (Registered number: 12473687)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Winder Property Investments Ltd (Registered number: 12473687)

Abridged Balance Sheet
29th February 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,423,835 1,477,915

CURRENT ASSETS
Debtors 3,384 1,567
Cash at bank 103,357 44,763
106,741 46,330
CREDITORS
Amounts falling due within one year 550,627 484,221
NET CURRENT LIABILITIES (443,886 ) (437,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,949

1,040,024

CREDITORS
Amounts falling due after more than one
year

6

(613,609

)

(611,484

)

PROVISIONS FOR LIABILITIES (109,375 ) (106,425 )
NET ASSETS 256,965 322,115

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 424,520 478,600
Retained earnings (167,655 ) (156,585 )
SHAREHOLDERS' FUNDS 256,965 322,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

Winder Property Investments Ltd (Registered number: 12473687)

Abridged Balance Sheet - continued
29th February 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29th February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 1st August 2024 and were signed on its behalf by:




Mr B Winder - Director



Mrs M Winder - Director


Winder Property Investments Ltd (Registered number: 12473687)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Winder Property Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12473687

Registered office: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue recognition
Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Investment property
Investment property is shown as at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the balance sheet under revaluation reserve.

Winder Property Investments Ltd (Registered number: 12473687)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

3. ACCOUNTING POLICIES - continued

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Winder Property Investments Ltd (Registered number: 12473687)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023 1,477,915
Revaluations (54,080 )
At 29th February 2024 1,423,835
NET BOOK VALUE
At 29th February 2024 1,423,835
At 28th February 2023 1,477,915

Fair value at 29th February 2024 is represented by:
£   
Valuation in 2023 478,600
Valuation in 2024 (54,080 )
Cost 999,315
1,423,835

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
as restated
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 429,611 480,282

7. RESERVES
Revaluation
reserve
£   
At 1st March 2023 478,600
Revaluation reserve (54,080 )

At 29th February 2024 424,520