REGISTERED NUMBER: |
Winterfell Properties Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
REGISTERED NUMBER: |
Winterfell Properties Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
Winterfell Properties Limited (Registered number: 10969643) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Winterfell Properties Limited |
Company Information |
for the Year Ended 31 March 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Winterfell Properties Limited (Registered number: 10969643) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Current assets |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
Provisions for liabilities | 9 | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Fair value reserve | 11 |
Retained earnings |
Shareholders' funds |
The directors acknowledge their 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. |
Winterfell Properties Limited (Registered number: 10969643) |
Balance Sheet - continued |
31 March 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Winterfell Properties Limited (Registered number: 10969643) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | Statutory information |
Winterfell Properties Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investment property |
Investment properties are initially measured at cost and subsequently measured at fair value. Changes in fair value are recognised in profit or loss. |
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102. The directors consider that, because investment properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view. |
If this departure from the Companies Act 2006 had not been made in order to give a true and fair view, 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 relating to the depreciation of the property cannot be separately identified. |
Taxation |
Taxation for the year 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. |
3. | Employees and directors |
The average number of employees during the year was |
Winterfell Properties Limited (Registered number: 10969643) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | Investment property |
Total |
£ |
Fair value |
At 1 April 2023 |
Additions |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
Fair value at 31 March 2024 is represented by: |
£ |
Valuation in 2024 | 560,389 |
If investment property had not been revalued it would have been included at the following historical cost: |
31.3.24 | 31.3.23 |
£ | £ |
Cost | 474,289 | 348,900 |
Investment property was valued on an open market basis on 31 March 2024 by the director . |
5. | Debtors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Other debtors |
Prepayments |
6. | Creditors: amounts falling due within one year |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Corporation tax |
Other creditors |
Directors' current accounts | 181,545 | 101,413 |
Accrued expenses |
Winterfell Properties Limited (Registered number: 10969643) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
7. | Creditors: amounts falling due after more than one year |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans repayable after more than five years |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans repayable after more than five years |
278,480 |
278,480 |
8. | Secured debts |
The following secured debts are included within creditors: |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans |
9. | Provisions for liabilities |
31.3.24 | 31.3.23 |
£ | £ |
Deferred tax | 16,359 | 16,359 |
Deferred |
tax |
£ |
Balance at 1 April 2023 |
Balance at 31 March 2024 |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.24 | 31.3.23 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Winterfell Properties Limited (Registered number: 10969643) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
11. | Reserves |
Fair |
value |
reserve |
£ |
At 1 April 2023 |
and 31 March 2024 |