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REGISTERED NUMBER: 00637118 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WILLINGDON COURT LIMITED

WILLINGDON COURT LIMITED (REGISTERED NUMBER: 00637118)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WILLINGDON COURT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R H Elphick
H A Elphick





SECRETARY: P J Elphick





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 00637118 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

WILLINGDON COURT LIMITED (REGISTERED NUMBER: 00637118)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 473 556
Investment property 5 437,000 345,000
437,473 345,556

CURRENT ASSETS
Debtors 6 9,505 9,493
Prepayments and accrued income 88 -
Cash at bank 81,745 77,267
91,338 86,760
CREDITORS
Amounts falling due within one year 7 17,822 16,985
NET CURRENT ASSETS 73,516 69,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

510,989

415,331

PROVISIONS FOR LIABILITIES 8 38,370 20,282
NET ASSETS 472,619 395,049

CAPITAL AND RESERVES
Called up share capital 9 4 4
Fair value reserve 387,015 317,103
Retained earnings 85,600 77,942
SHAREHOLDERS' FUNDS 472,619 395,049

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.

WILLINGDON COURT LIMITED (REGISTERED NUMBER: 00637118)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





R H Elphick - Director


WILLINGDON COURT LIMITED (REGISTERED NUMBER: 00637118)

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


1. STATUTORY INFORMATION

Willingdon Court 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.

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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable.

Revenue represents amounts receivable for rents from the letting of investment properties, and is recognised when demands for rents are raised.

Tangible fixed assets
Tangible fixed assets include investment properties valued by the directors on as existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows;

Fixtures, fittings and equipment15% reducing balance

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement in other administrative expenses.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement account in other administrative expenses.

WILLINGDON COURT LIMITED (REGISTERED NUMBER: 00637118)

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


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in income statement unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 April 2023
and 31 March 2024 1,569
DEPRECIATION
At 1 April 2023 1,013
Charge for year 83
At 31 March 2024 1,096
NET BOOK VALUE
At 31 March 2024 473
At 31 March 2023 556

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 345,000
Revaluations 92,000
At 31 March 2024 437,000
NET BOOK VALUE
At 31 March 2024 437,000
At 31 March 2023 345,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2001 144,095
Valuation in 2007 140,000
Valuation in 2013 49,200
Valuation in 2024 92,000
Cost 11,705
437,000

WILLINGDON COURT LIMITED (REGISTERED NUMBER: 00637118)

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


5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 11,705 11,705

Investment properties were valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,524 8,512
Other debtors 981 981
9,505 9,493

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 7,915 7,454
Other creditors 9,907 9,531
17,822 16,985

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,370 20,282

Deferred
tax
£   
Balance at 1 April 2023 20,282
Provided during year 18,088
Balance at 31 March 2024 38,370

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4