Caseware UK (AP4) 2023.0.135 2023.0.135 falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01The principal activity of the company continued to be that of an investment company.00truetrue 03090966 2023-01-01 2023-12-31 03090966 2023-12-31 03090966 2022-01-01 2022-12-31 03090966 2022-12-31 03090966 c:Director3 2023-01-01 2023-12-31 03090966 d:Buildings 2023-01-01 2023-12-31 03090966 d:Buildings 2023-12-31 03090966 d:Buildings 2022-12-31 03090966 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03090966 d:FurnitureFittings 2023-01-01 2023-12-31 03090966 d:FurnitureFittings 2023-12-31 03090966 d:FurnitureFittings 2022-12-31 03090966 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03090966 d:ComputerEquipment 2023-01-01 2023-12-31 03090966 d:ComputerEquipment 2023-12-31 03090966 d:ComputerEquipment 2022-12-31 03090966 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03090966 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 03090966 d:FreeholdInvestmentProperty 2023-12-31 03090966 d:FreeholdInvestmentProperty 2022-12-31 03090966 d:CurrentFinancialInstruments 2023-12-31 03090966 d:CurrentFinancialInstruments 2022-12-31 03090966 d:CurrentFinancialInstruments 3 2023-12-31 03090966 d:CurrentFinancialInstruments 3 2022-12-31 03090966 d:Non-currentFinancialInstruments 2023-12-31 03090966 d:Non-currentFinancialInstruments 2022-12-31 03090966 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03090966 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03090966 d:ShareCapital 2023-12-31 03090966 d:ShareCapital 2022-12-31 03090966 d:CapitalRedemptionReserve 2023-12-31 03090966 d:CapitalRedemptionReserve 2022-12-31 03090966 d:OtherMiscellaneousReserve 2023-12-31 03090966 d:OtherMiscellaneousReserve 2022-12-31 03090966 d:RetainedEarningsAccumulatedLosses 2023-12-31 03090966 d:RetainedEarningsAccumulatedLosses 2022-12-31 03090966 c:OrdinaryShareClass1 2023-01-01 2023-12-31 03090966 c:OrdinaryShareClass1 2023-12-31 03090966 c:OrdinaryShareClass1 2022-12-31 03090966 c:FRS102 2023-01-01 2023-12-31 03090966 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03090966 c:FullAccounts 2023-01-01 2023-12-31 03090966 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03090966 2 2023-01-01 2023-12-31 03090966 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 03090966













Wainstones Investments Limited

Financial statements
Information for filing with the registrar

31 December 2023




 
Wainstones Investments Limited


Balance sheet
At 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
642,509
675,068

Investments
 5 
1
1

Investment property
 6 
9,831,401
9,831,401

  
10,473,911
10,506,470

Current assets
  

Debtors: amounts falling due after more than one year
 7 
325,000
325,000

Debtors: amounts falling due within one year
 7 
78,311,149
69,741,915

Current asset investments
 8 
9,416,938
8,102,909

Cash at bank and in hand
  
214,600
7,314,921

  
88,267,687
85,484,745

Creditors: amounts falling due within one year
 9 
(12,803,191)
(10,694,645)

Net current assets
  
 
 
75,464,496
 
 
74,790,100

Total assets less current liabilities
  
85,938,407
85,296,570

Provisions for liabilities
  

Deferred tax
  
(470,564)
(473,017)

  
 
 
(470,564)
 
 
(473,017)

Net assets
  
85,467,843
84,823,553


Capital and reserves
  

Called up share capital 
 10 
15
15

Capital redemption reserve
  
15
15

Other reserves
  
4,999,615
4,999,615

Profit and loss account
  
80,468,198
79,823,908

Shareholders' funds
  
85,467,843
84,823,553


1

 
Wainstones Investments 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: 03090966
The notes on pages 3 to 8 form part of these financial statements. 

2

 
Wainstones Investments Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

1.


General information

Wainstones Investments Limited is a private company limited by shares, and is incorporated and domiciled in England and Wales. The registered office is 26 Ellerbeck Court, Stokesley Business Park, Stokesley, North Yorkshire, United Kingdom, 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

Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Rental income is recognised on an accruals basis. Interest is recognised when the right to receive payment is recognised. 

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3

 
Wainstones Investments 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.

 
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.

Depreciation is provided on the following basis:

Freehold property
-
4%
straight line
Fixtures and fittings
-
15%
straight line
Computer equipment
-
33%
straight line

 
2.8

Investment properties

Investment property is carried at fair value determined annually by directors and 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. No depreciation is provided. Changes in fair value are recognised in profit or loss.

4

 
Wainstones Investments Limited
 

 
Notes to the financial statements
Year ended 31 December 2023

2.Accounting policies (continued)

 
2.9

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration.


4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost


At 1 January 2023
800,000
47,655
99,271
946,926



At 31 December 2023

800,000
47,655
99,271
946,926



Depreciation


At 1 January 2023
128,000
44,587
99,271
271,858


Charge for the year
32,000
559
-
32,559



At 31 December 2023

160,000
45,146
99,271
304,417



Net book value



At 31 December 2023
640,000
2,509
-
642,509



At 31 December 2022
672,000
3,068
-
675,068

5

 
Wainstones Investments Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2023
1



At 31 December 2023
1





6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
9,831,401



At 31 December 2023
9,831,401

Investment property comprises 4 Ellerbeck Court and Lower Langage Farm. The fair value of these investments have been arrived at by the directors on the basis of existing use and by referring to current land and property prices in the areas concerned. No external valuations have been obtained. 




6

 
Wainstones Investments Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

7.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
325,000
325,000

325,000
325,000


2023
2022
£
£

Due within one year

Trade debtors
24,003
18,993

Amounts owed by group companies
55,349,647
47,924,090

Amounts owed by connected companies
678,705
-

Other debtors
22,185,749
21,746,512

Prepayments and accrued income
73,045
52,320

78,311,149
69,741,915



8.


Current asset investments

2023
2022
£
£

Fund investments
9,416,938
8,102,909

9,416,938
8,102,909



9.


Creditors: amounts falling due within one year

2023
2022
£
£

Other loans
1,971,857
-

Trade creditors
10,753
1,035

Amounts owed to group undertakings
10,387,804
10,179,112

Corporation tax
129,832
239,658

Other taxation and social security
12,468
24,269

Other creditors
150,013
152,750

Accruals and deferred income
140,464
97,821

12,803,191
10,694,645


7

 
Wainstones Investments Limited
 
 

Notes to the financial statements
Year ended 31 December 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,501 (2022 - 1,501) Ordinary shares of £0.01 each
15
15



11.


Related party transactions

Included in other debtors at 31 December 2023 is £17,288,271 owed from the directors (2022 - £16,945,397). These loans are interest free, unsecured and repayable upon demand.


12.


Parent company

The company is a wholly owned subsidiary of Carlton Investments (Holdings) Limited.
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