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REGISTERED NUMBER: 01609497 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WINDSOR ESTATES FINANCE LIMITED

WINDSOR ESTATES FINANCE LIMITED (REGISTERED NUMBER: 01609497)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WINDSOR ESTATES FINANCE LIMITED

COMPANY INFORMATION
for the year ended 31 DECEMBER 2023







DIRECTORS: D E M Thomas
M E J Thomas





REGISTERED OFFICE: Lancaster House
Barrack Lane
Windsor
Berks
SL4 1HD





REGISTERED NUMBER: 01609497 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

WINDSOR ESTATES FINANCE LIMITED (REGISTERED NUMBER: 01609497)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Investments 5 218,066 209,679
218,066 209,679

CURRENT ASSETS
Debtors: amounts falling due within one year 6 1,443,672 1,637,398
Debtors: amounts falling due after more than
one year

6

1,736,688

1,445,108
Cash at bank 31,315 55,438
3,211,675 3,137,944
CREDITORS
Amounts falling due within one year 7 3,232,172 3,334,811
NET CURRENT LIABILITIES (20,497 ) (196,867 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,569

12,812

CREDITORS
Amounts falling due after more than one
year

8

15,000

25,000
NET ASSETS/(LIABILITIES) 182,569 (12,188 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 182,469 (12,288 )
SHAREHOLDERS' FUNDS 182,569 (12,188 )

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

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

WINDSOR ESTATES FINANCE LIMITED (REGISTERED NUMBER: 01609497)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





M E J Thomas - Director


WINDSOR ESTATES FINANCE LIMITED (REGISTERED NUMBER: 01609497)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Windsor Estates Finance 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.

Turnover
Turnover represents interest on the provision of commercial trading loans and asset finance.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 taxation
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).

WINDSOR ESTATES FINANCE LIMITED (REGISTERED NUMBER: 01609497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 1,950
AMORTISATION
At 1 January 2023
and 31 December 2023 1,950
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Intangible Fixed Assets are the capitalised costs incurred in the development of the company website.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 209,679
Revaluations 8,387
At 31 December 2023 218,066
NET BOOK VALUE
At 31 December 2023 218,066
At 31 December 2022 209,679

Fixed asset investments contains both listed and unlisted shares. If listed investments had not been revalued to fair value they would have been included at historical cost of £100,000. The investments were valued at 31/12/2023 by BMO Nesbitt Burns Inc.The unlisted investments are held at historical cost of £176,911.

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Finance deposits & interest 215,710 137,097
Amounts owed by group undertakings 100 100
Due from Associated Group 373,785 363,075
Finance Agreements 839,596 1,119,402
Deferred tax asset 11,181 12,774
Prepayments 3,300 4,950
1,443,672 1,637,398

WINDSOR ESTATES FINANCE LIMITED (REGISTERED NUMBER: 01609497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

6. DEBTORS - continued
31.12.23 31.12.22
£    £   
Amounts falling due after more than one year:
Finance Agreements 1,736,688 1,445,108

Aggregate amounts 3,180,360 3,082,506

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 10,000 10,000
Amounts owed to group undertakings 3,217,090 3,319,711
VAT 1,180 1,200
Accrued expenses 3,902 3,900
3,232,172 3,334,811

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other loans - 1-2 years 10,000 10,000
Other loans - 2-5 years 5,000 15,000
15,000 25,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 January 2023 (12,288 )
Profit for the year 194,757
At 31 December 2023 182,469

The reserves above contain £47,665 unrealised losses.

WINDSOR ESTATES FINANCE LIMITED (REGISTERED NUMBER: 01609497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 DECEMBER 2023

11. RELATED PARTY DISCLOSURES

During the year ended 31st December 2023 the company paid administration charges in the sum of £Nil (2022 £12,946) to Wayseal Properties Limited, a fellow subsidiary within the group of companies to which this company belongs.

During the year ended 31st December 2023 the company paid loan interest of £48,602 (2022 £48,213) to Thameside Property Company Limited, a fellow subsidiary within the group of companies to which this company belongs.

During the year ended 31st December 2023 the company paid £55,350 (2022 £52,500) for management services and £2,124 (2022 £2,122) for motor and sundry expenses from Newlands Associates Limited, a company in which M E J Thomas has a beneficial interest.

12. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Wayseal Holdings Limited, registered in England, of which the ultimate controlling party is C M L Perring and M E J Thomas.

Wayseal Holdings Ltd is also the immediate parent company, within the group, which will draw up consolidated financial statements.