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REGISTERED NUMBER: 10413182 (England and Wales)










Financial Statements

for the Year Ended 31 October 2023

for

WINFORD HOLDING LTD

WINFORD HOLDING LTD (REGISTERED NUMBER: 10413182)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WINFORD HOLDING LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A S Kounnis





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 10413182 (England and Wales)





AUDITORS: AGK Partners
Chartered Accountants & Statutory Auditors
1 Kings Avenue
London
N21 3NA

WINFORD HOLDING LTD (REGISTERED NUMBER: 10413182)

Statement of Financial Position
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,854 6,736
Investments 5 42,093 42,093
Investment property 6 2,840,353 2,203,000
2,886,300 2,251,829

CURRENT ASSETS
Debtors 7 79,514 3,144
Cash at bank 3,676 544
83,190 3,688
CREDITORS
Amounts falling due within one year 8 1,445,998 834,572
NET CURRENT LIABILITIES (1,362,808 ) (830,884 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,523,492

1,420,945

PROVISIONS FOR LIABILITIES 9 242,221 177,577
NET ASSETS 1,281,271 1,243,368

CAPITAL AND RESERVES
Called up share capital 10 100 100
Share premium 11 70,191 70,191
Retained earnings 11 1,210,980 1,173,077
SHAREHOLDERS' FUNDS 1,281,271 1,243,368

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 30 October 2024 and were signed by:





A S Kounnis - Director


WINFORD HOLDING LTD (REGISTERED NUMBER: 10413182)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Winford Holding 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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Winford Holding Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, The Intsol Group Ltd, 1 Kings Avenue, London, United Kingdom, N21 3NA.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on straight line

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment if any.

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

WINFORD HOLDING LTD (REGISTERED NUMBER: 10413182)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 November 2022
and 31 October 2023 45,601
DEPRECIATION
At 1 November 2022 38,865
Charge for year 2,882
At 31 October 2023 41,747
NET BOOK VALUE
At 31 October 2023 3,854
At 31 October 2022 6,736

WINFORD HOLDING LTD (REGISTERED NUMBER: 10413182)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 42,093
NET BOOK VALUE
At 31 October 2023 42,093
At 31 October 2022 42,093

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 2,203,000
Additions 637,353
At 31 October 2023 2,840,353
NET BOOK VALUE
At 31 October 2023 2,840,353
At 31 October 2022 2,203,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2020 926,795
Cost 1,913,558
2,840,353

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

2023 2022
£    £   
Cost 1,913,558 1,276,205

Investment property was valued on an open market basis on 31 October 2023 by directors of the company .

The directors consider that the market values of the properties were as per the values stated in the financial statements.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 79,514 3,144

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,357,605 745,000
Taxation and social security 84,342 86,273
Other creditors 4,051 3,299
1,445,998 834,572

WINFORD HOLDING LTD (REGISTERED NUMBER: 10413182)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 242,221 177,577

Deferred
tax
£   
Balance at 1 November 2022 177,577
Provided during year 64,644
Balance at 31 October 2023 242,221

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Share 1 100 100

11. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 November 2022 1,173,077 70,191 1,243,268
Profit for the year 37,903 37,903
At 31 October 2023 1,210,980 70,191 1,281,171

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alekos Christofi (FCCA) (Senior Statutory Auditor)
for and on behalf of AGK Partners

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year the company received services from a company with common shareholders amounting to £5,940 (2022: £Nil).

14. ULTIMATE CONTROLLING PARTY

The company's immediate parent is The Intsol Group Ltd, incorporated in England and Wales. The
ultimate controlling parties are the shareholder's of The Intsol Group Ltd by virtue of their holding in the parent company.

15. COMPARATIVES

The comparative figures in these financial statements are unaudited.