Company Registration No. 08459161 (England and Wales)
WILTON PROPERTY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
WILTON PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WILTON PROPERTY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
987,822
953,597
Current assets
Debtors
4
46,703
24,507
Cash at bank and in hand
256,469
270,054
303,172
294,561
Creditors: amounts falling due within one year
5
(1,441,965)
(1,395,073)
Net current liabilities
(1,138,793)
(1,100,512)
Total assets less current liabilities
(150,971)
(146,915)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(151,071)
(147,015)
Total equity
(150,971)
(146,915)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 18 September 2024 and are signed on its behalf by:
R D N Hunt
Director
Company Registration No. 08459161
WILTON PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information

Wilton Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2.06, Colony One Silk Street, Ancoats Urban Village, Manchester, United Kingdom, M4 6AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future on the basis of continued support from directors and companies under common control. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25 % reducing balance

For Land and buildings, depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives. Depreciation will start from the date the assets are brought into use.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.6
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WILTON PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was nil (2022: nil).

3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2023
952,386
2,007
954,393
Additions
34,495
-
0
34,495
At 31 December 2023
986,881
2,007
988,888
Depreciation and impairment
At 1 January 2023
-
0
796
796
Depreciation charged in the year
-
0
270
270
At 31 December 2023
-
0
1,066
1,066
Carrying amount
At 31 December 2023
986,881
941
987,822
At 31 December 2022
952,386
1,211
953,597
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
38,985
22,337
Other debtors
7,718
1,779
Prepayments
-
0
391
46,703
24,507
5
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
1,440,376
1,393,209
Accruals
1,589
1,864
1,441,965
1,395,073
WILTON PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
6
Related party transactions

At the year end a balance of £1,440,376 (2022: £1,393,209) was owed to a company under common control.

 

 

7
Parent company

The ultimate controlling party is R D N Hunt.

2023-12-312023-01-01trueCCH SoftwareCCH Accounts Production 2024.200No description of principal activityR D N HuntG E J Allen-Munceyfalsefalse084591612023-01-012023-12-31084591612023-12-31084591612022-12-3108459161core:LandBuildings2023-12-3108459161core:OtherPropertyPlantEquipment2023-12-3108459161core:LandBuildings2022-12-3108459161core:OtherPropertyPlantEquipment2022-12-3108459161core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3108459161core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3108459161core:CurrentFinancialInstruments2023-12-3108459161core:CurrentFinancialInstruments2022-12-3108459161core:ShareCapital2023-12-3108459161core:ShareCapital2022-12-3108459161core:RetainedEarningsAccumulatedLosses2023-12-3108459161core:RetainedEarningsAccumulatedLosses2022-12-3108459161bus:Director12023-01-012023-12-3108459161core:FurnitureFittings2023-01-012023-12-3108459161core:LandBuildings2022-12-3108459161core:OtherPropertyPlantEquipment2022-12-31084591612022-12-3108459161core:LandBuildings2023-01-012023-12-3108459161core:OtherPropertyPlantEquipment2023-01-012023-12-3108459161bus:EntityHasNeverTraded2023-01-012023-12-3108459161bus:PrivateLimitedCompanyLtd2023-01-012023-12-3108459161bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108459161bus:FRS1022023-01-012023-12-3108459161bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3108459161bus:Director22023-01-012023-12-3108459161bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP