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REGISTERED NUMBER: 10811320 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Wincle Properties Limited

Wincle Properties Limited (Registered number: 10811320)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Wincle Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr S T Holding





REGISTERED OFFICE: St Andrew's Court
Lees Lane
Mottram St Andrew
Macclesfield
Cheshire
SK10 4LJ





REGISTERED NUMBER: 10811320 (England and Wales)





ACCOUNTANTS: HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH

Accountants' Report to the Director
on the Unaudited Financial Statements of
Wincle Properties Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wincle Properties Limited for the period ended 31 December 2023 which comprises the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Wincle Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Wincle Properties Limited and state those matters that we have agreed to state to the Board of Directors of Wincle Properties Limited, as a body, and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Wincle Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position of profit or loss of Wincle Properties Limited. You consider that Wincle Properties Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Wincle Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given us and we do not, therefore, express any opinion on the statutory financial statements.






HLP Ltd
Accounting and Tax Solutions
Hillgate Place
77 Middle Hillgate
Stockport
Cheshire
SK1 3EH


20 September 2024

Wincle Properties Limited (Registered number: 10811320)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,271,204 1,194,909
Investments 5 1,700,000 1,700,000
Investment property 6 4,787,580 6,099,745
7,758,784 8,994,654

CURRENT ASSETS
Debtors 7 3,681,859 2,599,661
Investments 8 256,707 100,000
Cash at bank and in hand 786,199 643,435
4,724,765 3,343,096
CREDITORS
Amounts falling due within one year 9 229,137 300,578
NET CURRENT ASSETS 4,495,628 3,042,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,254,412

12,037,172

PROVISIONS FOR LIABILITIES 48,849 31,148
NET ASSETS 12,205,563 12,006,024

CAPITAL AND RESERVES
Called up share capital 110 110
Distributable reserve 11,106,030 11,106,030
Retained earnings 1,099,423 899,884
SHAREHOLDERS' FUNDS 12,205,563 12,006,024

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 director acknowledges his 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.

Wincle Properties Limited (Registered number: 10811320)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:





Mr S T Holding - Director


Wincle Properties Limited (Registered number: 10811320)

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

1. STATUTORY INFORMATION

Wincle Properties 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.

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


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.

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

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Turnover is attributable to the principle activities of the company which is carried out entirely within the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Wincle Properties Limited (Registered number: 10811320)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is carried at fair value determined annually by the director and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

Depreciation is not provided in respect of freehold investment properties, or in respect of leasehold investment properties where the unexpired term of the lease is more than 20 years.

This accounting policy represents a departure from the Companies Act 2006, which requires that all properties be depreciated. The director considers that this departure from the requirements of the Act is necessary to give a true and fair view, because these properties are not held for consumption, but for their investment potential and to depreciate them would not give a true and fair view.

If this departure from the Act had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Investments
Fixed asset investments are shown at cost less provision for impairment. Current asset investments are stated at the lower of cost and net realisable value.

Going concern
The company and its subsidiaries meets there day-to-day working capital requirements from cash at bank. The level of cash held is sufficient to fund expected requirements based on forecast and projections taking account of reasonable possible changes in trading performance.

After making enquiries, the director has a reasonable expectation that the company and its subsidiaries have adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Wincle Properties Limited (Registered number: 10811320)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 784 8,009 1,326,376 1,335,169
Additions 39,052 - 102,089 141,141
Disposals - - (23,000 ) (23,000 )
At 31 December 2023 39,836 8,009 1,405,465 1,453,310
DEPRECIATION
At 1 January 2023 98 6,014 134,148 140,260
Charge for year 171 1,602 55,207 56,980
Eliminated on disposal - - (15,134 ) (15,134 )
At 31 December 2023 269 7,616 174,221 182,106
NET BOOK VALUE
At 31 December 2023 39,567 393 1,231,244 1,271,204
At 31 December 2022 686 1,995 1,192,228 1,194,909

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,700,000
NET BOOK VALUE
At 31 December 2023 1,700,000
At 31 December 2022 1,700,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 6,099,745
Additions 32,529
Disposals (1,344,694 )
At 31 December 2023 4,787,580
NET BOOK VALUE
At 31 December 2023 4,787,580
At 31 December 2022 6,099,745

Wincle Properties Limited (Registered number: 10811320)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY - continued

The director has made key assumptions in the determination of the fair value of investment properties in respect of the state of the relevant property market where the properties are located and in respect of the range of reasonable fair value estimates of the properties. The valuation method is described below together with the valuation of the property at the reporting date.

A valuation of the investment properties was undertaken on 25 February 2019. The director is of the opinion that, given the current economic climate, there has been no significant change in current market values compared with that valuation.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 56,731
Amounts owed by group undertakings 808,000 808,000
Other debtors 2,873,859 1,734,930
3,681,859 2,599,661

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 256,707 100,000

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,019 49,734
Amounts owed to participating interests 96,930 99,036
Taxation and social security 60,354 43,260
Other creditors 69,834 108,548
229,137 300,578

10. RELATED PARTY DISCLOSURES

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 wholly owned subsidiaries within the group.