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REGISTERED NUMBER: 09923700 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Winkhill Properties Limited

Winkhill Properties Limited (Registered number: 09923700)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Winkhill Properties Limited (Registered number: 09923700)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,250 -
Investment property 5 2,100,000 2,100,000
2,105,250 2,100,000

CURRENT ASSETS
Debtors 6 314,481 147,000
Cash at bank 68,146 134,529
382,627 281,529
CREDITORS
Amounts falling due within one year 7 64,810 46,358
NET CURRENT ASSETS 317,817 235,171
TOTAL ASSETS LESS CURRENT LIABILITIES 2,423,067 2,335,171

CREDITORS
Amounts falling due after more than one year 8 (1,164,478 ) (1,185,477 )

PROVISIONS FOR LIABILITIES (90,852 ) (91,185 )
NET ASSETS 1,167,737 1,058,509

CAPITAL AND RESERVES
Called up share capital 99 1
Revaluation reserve 9 328,991 328,991
Retained earnings 9 838,647 729,517
SHAREHOLDERS' FUNDS 1,167,737 1,058,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Winkhill Properties Limited (Registered number: 09923700)

Balance Sheet - continued
31 March 2024


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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr P W Cope - Director


Winkhill Properties Limited (Registered number: 09923700)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Winkhill Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09923700

Registered office: The Cottage Kitchen
Ashbourne Road
Winkhill
Leek
Staffordshire
ST13 7PN

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 as modified by the revaluation of certain assets.

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

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.

Rental income is recognised as the company becomes entitled to consideration when the rental invoice is raised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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 year 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 year was 3 (2023 - 4 ) .

Winkhill Properties Limited (Registered number: 09923700)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 7,000
At 31 March 2024 7,000
DEPRECIATION
Charge for year 1,750
At 31 March 2024 1,750
NET BOOK VALUE
At 31 March 2024 5,250

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,100,000
NET BOOK VALUE
At 31 March 2024 2,100,000
At 31 March 2023 2,100,000

The Fixed Asset Investment represents investment property at Brooklands Way, Leek, Staffordshire. The Directors believe that the cost of the property represents its fair value at the balance sheet date.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 420,176
Cost 1,679,824
2,100,000

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 314,481 147,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 40,331 29,194
Other creditors 24,479 17,164
64,810 46,358

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,164,478 1,185,477

Winkhill Properties Limited (Registered number: 09923700)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 729,517 328,991 1,058,508
Profit for the year 118,558 118,558
Dividends (9,428 ) (9,428 )
At 31 March 2024 838,647 328,991 1,167,638