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REGISTERED NUMBER: 13668347 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

FOR

WARWICK PARK PROPERTY LTD

WARWICK PARK PROPERTY LTD (REGISTERED NUMBER: 13668347)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WARWICK PARK PROPERTY LTD

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023







DIRECTOR: J J Rolf





SECRETARY:





REGISTERED OFFICE: 35 Warwick Park
Tunbridge Wells
TN2 5TA





REGISTERED NUMBER: 13668347 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

WARWICK PARK PROPERTY LTD (REGISTERED NUMBER: 13668347)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191 123
Investment property 5 600,000 600,000
600,191 600,123

CURRENT ASSETS
Debtors 6 982 14,336
Cash at bank 3,012 2,078
3,994 16,414
CREDITORS
Amounts falling due within one year 7 121,653 151,203
NET CURRENT LIABILITIES (117,659 ) (134,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,532

465,334

CREDITORS
Amounts falling due after more than one
year

8

(425,845

)

(425,845

)

PROVISIONS FOR LIABILITIES 10 (18,474 ) (15,387 )
NET ASSETS 38,213 24,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,113 24,002
SHAREHOLDERS' FUNDS 38,213 24,102

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

WARWICK PARK PROPERTY LTD (REGISTERED NUMBER: 13668347)

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 director and authorised for issue on 23 September 2024 and were signed by:





J J Rolf - Director


WARWICK PARK PROPERTY LTD (REGISTERED NUMBER: 13668347)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

Warwick Park Property Ltd 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 rental income receivable from the letting of property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture,fittings & equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 tax
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 period 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 period was 1 (2022 - 1 ) .

WARWICK PARK PROPERTY LTD (REGISTERED NUMBER: 13668347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Furniture,fittings
& equipment
£   
COST
At 1 November 2022 185
Additions 152
At 31 December 2023 337
DEPRECIATION
At 1 November 2022 62
Charge for period 84
At 31 December 2023 146
NET BOOK VALUE
At 31 December 2023 191
At 31 October 2022 123

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 600,000
Disposals (12,346 )
Revaluations 12,346
At 31 December 2023 600,000
NET BOOK VALUE
At 31 December 2023 600,000
At 31 October 2022 600,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 61,548
Valuation in 2023 12,346
Cost 526,106
600,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 13,002
Prepayments 982 1,334
982 14,336

WARWICK PARK PROPERTY LTD (REGISTERED NUMBER: 13668347)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 494
Other creditors 2,550 -
Directors' current accounts 106,285 133,785
Deferred income - 15,844
Accrued expenses 12,818 1,080
121,653 151,203

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst 425,845 425,845

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 425,845 425,845

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Property loan 425,845 425,845

The loan is secured by a fixed charge over the company's investment property and goodwill.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Investment fair value movement 18,474 15,387

Deferred
tax
£   
Balance at 1 November 2022 15,387
Investment fair value movement 3,087
Balance at 31 December 2023 18,474

11. NON DISTRIBUTABLE RESERVES

At 31 December 2023 there were non distributable reserves in respect of investment property revaluations net of deferred tax in the sum of £55,420 (2022 : £46,161).