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REGISTERED NUMBER: 02407556 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WELLINGTONIA ESTATES LIMITED

WELLINGTONIA ESTATES LIMITED (REGISTERED NUMBER: 02407556)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


WELLINGTONIA ESTATES LIMITED (REGISTERED NUMBER: 02407556)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 78,895 78,895
78,895 78,895

CURRENT ASSETS
Stocks 381,351 305,467
Debtors 6 15,137 3,512
Investments 7 125,997 15,684
Cash at bank 450,327 612,859
972,812 937,522
CREDITORS
Amounts falling due within one year 8 30,430 45,866
NET CURRENT ASSETS 942,382 891,656
TOTAL ASSETS LESS CURRENT LIABILITIES 1,021,277 970,551

PROVISIONS FOR LIABILITIES 15,124 15,124
NET ASSETS 1,006,153 955,427

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Fair value reserve (41,563 ) (44,249 )
Retained earnings 1,037,716 989,676
SHAREHOLDERS' FUNDS 1,006,153 955,427

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





Mr J A Ray - Director


WELLINGTONIA ESTATES LIMITED (REGISTERED NUMBER: 02407556)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wellingtonia Estates 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: 02407556

Registered office: Ingram House
6 Meridian Way
Norwich
NR7 0TA

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared in accordance with the 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 property revaluations.

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

Tangible assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% - 33% straight line

Investment property
Investment properties are initially recorded at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in the Income Statement in the period in which it arises. Such gains or losses are transferred from retained earnings to a fair value reserve.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Current asset investments
Investments in shares are included at fair value.

3. AVERAGE NUMBER OF EMPLOYEES

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

WELLINGTONIA ESTATES LIMITED (REGISTERED NUMBER: 02407556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,082
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,082
NET BOOK VALUE
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 78,895
NET BOOK VALUE
At 31 March 2024 78,895
At 31 March 2023 78,895

The directors value the company's investment property portfolio annually at the balance sheet date. The fair value are based on the directors reliable estimates of the future rental income, together with their own knowledge and experience to assess the open market value of each property.

The historical cost of the company's investment properties was £13,971 (2023 - £13,971).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,597 2,565
Other debtors 10,540 947
15,137 3,512

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 125,997 15,684

The listed investments are valued based on the company's financial advisor's portfolio valuation statement.

The historical cost of the company's listed investments was £217,361 (2023 - £109,734).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 869
Taxation and social security 13,821 11,119
Other creditors 16,609 33,878
30,430 45,866

WELLINGTONIA ESTATES LIMITED (REGISTERED NUMBER: 02407556)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000