Caseware UK (AP4) 2023.0.135 2023.0.135 22023-01-01falseis that of a fishing and shooting estate.4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10186568 2023-01-01 2023-12-31 10186568 2023-12-31 10186568 2022-01-01 2022-12-31 10186568 2022-12-31 10186568 c:Director3 2023-01-01 2023-12-31 10186568 d:Buildings 2023-01-01 2023-12-31 10186568 d:Buildings 2023-12-31 10186568 d:Buildings 2022-12-31 10186568 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10186568 d:PlantMachinery 2023-01-01 2023-12-31 10186568 d:PlantMachinery 2023-12-31 10186568 d:PlantMachinery 2022-12-31 10186568 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10186568 d:MotorVehicles 2023-01-01 2023-12-31 10186568 d:MotorVehicles 2023-12-31 10186568 d:MotorVehicles 2022-12-31 10186568 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10186568 d:FurnitureFittings 2023-01-01 2023-12-31 10186568 d:FurnitureFittings 2023-12-31 10186568 d:FurnitureFittings 2022-12-31 10186568 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10186568 d:ComputerEquipment 2023-01-01 2023-12-31 10186568 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 10186568 d:OtherPropertyPlantEquipment 2023-12-31 10186568 d:OtherPropertyPlantEquipment 2022-12-31 10186568 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10186568 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10186568 d:CurrentFinancialInstruments 2023-12-31 10186568 d:CurrentFinancialInstruments 2022-12-31 10186568 d:Non-currentFinancialInstruments 2023-12-31 10186568 d:Non-currentFinancialInstruments 2022-12-31 10186568 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10186568 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10186568 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10186568 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10186568 d:ShareCapital 2023-12-31 10186568 d:ShareCapital 2022-12-31 10186568 d:RetainedEarningsAccumulatedLosses 2023-12-31 10186568 d:RetainedEarningsAccumulatedLosses 2022-12-31 10186568 c:OrdinaryShareClass1 2023-01-01 2023-12-31 10186568 c:OrdinaryShareClass1 2023-12-31 10186568 c:OrdinaryShareClass1 2022-12-31 10186568 c:FRS102 2023-01-01 2023-12-31 10186568 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10186568 c:FullAccounts 2023-01-01 2023-12-31 10186568 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10186568 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 10186568













Wainstones Estates Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Wainstones Estates Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,585,626
1,409,489

Investments
  
1
-

  
1,585,627
1,409,489

Current assets
  

Land held for sale
  
-
162,000

Debtors
 6 
1,560,437
17,326

Bank and cash in hand
  
46,440
429,274

  
1,606,877
608,600

Creditors: amounts falling due within one year
 7 
(4,100,598)
(2,897,272)

Net current liabilities
  
 
 
(2,493,721)
 
 
(2,288,672)

Total assets less current liabilities
  
(908,094)
(879,183)

Creditors: amounts falling due after more than one year
 8 
(29,520)
-

Provisions for liabilities
  

Deferred tax
  
(18,339)
(11,831)

Net liabilities
  
(955,953)
(891,014)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(956,053)
(891,114)

Shareholders' deficit
  
(955,953)
(891,014)


1

 
Wainstones Estates Limited

    
Balance sheet (continued)
At 31 December 2023

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 on 4 September 2024.




S J Pickup
Director

Company registered number: 10186568
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Wainstones Estates Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

Wainstones Estates Limited is a private company limited by shares incorporated and domiciled in England and Wales. The registered office is 26 Ellerbeck Court, Stokesley, Middlesbrough, TS9 5PT.

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.

 
2.2

Going concern

The company is under the continuing support of its fellow group companies. On this basis the directors consider it appropriate to prepare the accounts on a going concern basis.

  
2.3

Turnover

Rent received is recognised excluding VAT on a straight-line basis over the terms of the individual leases.

 
2.4

Leased assets: the company as lessee

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3

 
Wainstones Estates Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.6

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 balance sheet 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 balance sheet 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 balance sheet date.

4

 
Wainstones Estates Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, following:.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
33%
straight line
Leased assets
-
20%
straight line (duration of the lease term)

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.8

Freehold property

Freehold property is carried at fair value determined annually by the directors and derived from the current market rents and property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

5

 
Wainstones Estates Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 4).



4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Leased assets
Total

£
£
£
£
£
£



Cost or valuation


At 1 January 2023
1,353,173
22,735
58,333
47,927
-
1,482,168


Additions
-
-
-
-
38,714
38,714


Disposals
(9,746)
-
-
-
-
(9,746)


Transfer of assets held for sale
162,000
-
-
-
-
162,000



At 31 December 2023

1,505,427
22,735
58,333
47,927
38,714
1,673,136



Depreciation


At 1 January 2023
-
8,256
39,672
24,751
-
72,679


Charge for the year
-
2,172
4,665
3,477
4,517
14,831



At 31 December 2023

-
10,428
44,337
28,228
4,517
87,510



Net book value



At 31 December 2023
1,505,427
12,307
13,996
19,699
34,197
1,585,626



At 31 December 2022
1,353,173
14,479
18,661
23,176
-
1,409,489


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


Additions
1



At 31 December 2023
1




6

 
Wainstones Estates Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

6.


Debtors

2023
2022
£
£


Trade debtors
861
-

Amounts owed by group undertakings
1,428,549
100

Other debtors
117,523
15,715

Prepayments and accrued income
13,504
1,511

1,560,437
17,326



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Trade creditors
14,894
2,947

Amounts owed to group undertakings
4,056,772
2,871,251

Other taxation and social security
1,781
494

Obligations under finance lease and hire purchase contracts
5,868
-

Other creditors
18,483
18,478

Accruals and deferred income
2,800
4,102

4,100,598
2,897,272



8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Obligations under finance leases and hire purchase contracts
29,520
-

29,520
-



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


7

 
Wainstones Estates Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

10.


Parent company

The company is a subsidiary of Carlton Investments (Holdings) Limited by virtue of it holding all share capital.
The ultimate controlling entity is Carlton Energy Limited.
The registered office of Carlton Energy Limited is 26 Ellerbeck Court, Stokesley, Middlesbrough, England, TS9 5PT.

 
8