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Registration number: 13916510

Winslade Park Holdings Limited
(formerly Burrington Estates (Winslade Park Holdings) Limited)

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Winslade Park Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Winslade Park Holdings Limited

Company Information

Directors

Mr M D Edworthy

Mr P N Scantlebury

Registered office

Winslade House
Winslade Drive
Clyst St Mary
EX5 1FY

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Winslade Park Holdings Limited

(Registration number: 13916510)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

2,764,432

2,764,432

Creditors: Amounts falling due within one year

5

(2,363)

(975)

Total assets less current liabilities

 

2,762,069

2,763,457

Creditors: Amounts falling due after more than one year

5

(2,764,130)

(2,764,130)

Net liabilities

 

(2,061)

(673)

Capital and reserves

 

Called up share capital

302

302

Retained earnings

(2,363)

(975)

Shareholders' deficit

 

(2,061)

(673)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................

Mr M D Edworthy

Director

 

Winslade Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in UK.

The company was formerly known as Burrington Estates (Winslade Park Holdings) Limited.

The address of its registered office is:
Winslade House
Winslade Drive
Clyst St Mary
EX5 1FY
United Kingdom

These financial statements were authorised for issue by the Board on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

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 companies within the group.

Group accounts not prepared

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

Going concern

At the year end, the company's balance sheet shows an overall deficiency of assets of £2,061 (2022 - £673). Accordingly, the directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern policy remains appropriate. The accounts have been prepared on a going concern basis, as the other group companies, will continue to provide support, when necessary. The directors have also reviewed the position for the group, for twelve months from the date the accounts were approved.

Investments

Investments relate to shares owned in a subsidiary company. These shares are not publicly traded and , therefore, are measured at cost less impairment.

 

Winslade Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Debtors

Debtors are initially recognised at transaction price and subsequently reviewed for impairment.

Creditors

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

2,764,432

2,764,432

Subsidiaries

£

Cost or valuation

At 1 January 2023

2,764,432

Provision

At 1 January 2023

-

Carrying amount

At 31 December 2023

2,764,432

At 31 December 2022

2,764,432

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

 

Winslade Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Winslade Park Limited

Winslade House, Winslade Drive, Clyst St Mary, Exeter, EX5 1FY

UK

Ordinary

100%

100%

Winslade Villas Limited

Winslade House, Winslade Drive, Clyst St Mary, Exeter, EX5 1FY

UK

Ordinary

100%

100%

Winslade Residence Limited

Winslade House Manor Drive, Clyst St. Mary, Exeter, EX5 1FY

UK

Ordinary

100%

0%

Subsidiary undertakings

Winslade Park Limited

The principal activity of Winslade Park Limited is that of property development.

Winslade Villas Limited

The principal activity of Winslade Villas Limited is that of property development.

Winslade Residence Limited

The principal activity of Winslade Residence Limited is that of property development. This company was incorporated during this accounting year.

 

Winslade Park Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

913

-

Accruals and deferred income

1,450

975

2,363

975

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

2,764,130

2,764,130