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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

WIMBORNE INVESTMENTS LIMITED

WIMBORNE INVESTMENTS LIMITED (REGISTERED NUMBER: 06503159)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WIMBORNE INVESTMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: Z Alibhai
M Alibhai





REGISTERED OFFICE: Old Timbers Higher Blandford Road
Corfe Mullen
Wimborne
Dorset
BH21 3JG





REGISTERED NUMBER: 06503159 (England and Wales)






WIMBORNE INVESTMENTS LIMITED (REGISTERED NUMBER: 06503159)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,338 45,784
Investments 5 392,367 392,367
Investment property 6 1,406,684 1,107,484
1,833,389 1,545,635

CURRENT ASSETS
Debtors 7 3,073,201 2,912,816
Cash at bank 318,413 71,497
3,391,614 2,984,313
CREDITORS
Amounts falling due within one year 8 596,463 668,660
NET CURRENT ASSETS 2,795,151 2,315,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,628,540

3,861,288

CREDITORS
Amounts falling due after more than one year 9 (32,227 ) (35,511 )

PROVISIONS FOR LIABILITIES (12,964 ) (11,446 )
NET ASSETS 4,583,349 3,814,331

CAPITAL AND RESERVES
Called up share capital 10 60 60
Revaluation reserve 11 13,137 -
Capital redemption reserve 50 50
Retained earnings 4,570,102 3,814,221
SHAREHOLDERS' FUNDS 4,583,349 3,814,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:



Z Alibhai - Director


WIMBORNE INVESTMENTS LIMITED (REGISTERED NUMBER: 06503159)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Wimborne Investments 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Wimborne Investments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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.

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.

WIMBORNE INVESTMENTS LIMITED (REGISTERED NUMBER: 06503159)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 59,280
DEPRECIATION
At 1 May 2023 13,496
Charge for year 11,446
At 30 April 2024 24,942
NET BOOK VALUE
At 30 April 2024 34,338
At 30 April 2023 45,784

The net book value of tangible fixed assets includes £ 34,338 (2023 - £ 45,784 ) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 392,367
NET BOOK VALUE
At 30 April 2024 392,367
At 30 April 2023 392,367

WIMBORNE INVESTMENTS LIMITED (REGISTERED NUMBER: 06503159)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,107,484
Additions 281,684
Revaluations 17,516
At 30 April 2024 1,406,684
NET BOOK VALUE
At 30 April 2024 1,406,684
At 30 April 2023 1,107,484

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 1,406,684

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,389,168 1,107,484

Investment property was valued on an open market basis on 30 April 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 79,700 292,847
Other debtors 2,993,501 2,619,969
3,073,201 2,912,816

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,284 2,300
Amounts owed to group undertakings 281,844 441,628
Taxation and social security 55,294 -
Other creditors 256,041 224,732
596,463 668,660

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 32,227 35,511

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50
10 Ordinary-A £1 10 10
60 60

WIMBORNE INVESTMENTS LIMITED (REGISTERED NUMBER: 06503159)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

11. RESERVES
Revaluation
reserve
£   
Revaluation 17,516
Deferred tax (4,379 )

At 30 April 2024 13,137