Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsetrueProperty investment and property dealing2023-04-0133trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00861185 2023-04-01 2024-03-31 00861185 2022-03-01 2023-03-31 00861185 2024-03-31 00861185 2023-03-31 00861185 2022-03-01 00861185 1 2023-04-01 2024-03-31 00861185 1 2022-03-01 2023-03-31 00861185 2 2022-03-01 2023-03-31 00861185 3 2023-04-01 2024-03-31 00861185 3 2022-03-01 2023-03-31 00861185 d:Director1 2023-04-01 2024-03-31 00861185 e:FurnitureFittings 2023-04-01 2024-03-31 00861185 e:FurnitureFittings 2024-03-31 00861185 e:FurnitureFittings 2023-03-31 00861185 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00861185 e:ComputerEquipment 2023-04-01 2024-03-31 00861185 e:ComputerEquipment 2024-03-31 00861185 e:ComputerEquipment 2023-03-31 00861185 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00861185 e:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00861185 e:FreeholdInvestmentProperty 2024-03-31 00861185 e:FreeholdInvestmentProperty 2023-03-31 00861185 e:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 00861185 e:CurrentFinancialInstruments 2024-03-31 00861185 e:CurrentFinancialInstruments 2023-03-31 00861185 e:CurrentFinancialInstruments e:WithinOneYear 2024-03-31 00861185 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 00861185 e:ShareCapital 2024-03-31 00861185 e:ShareCapital 2023-03-31 00861185 e:ShareCapital 2022-03-01 00861185 e:OtherMiscellaneousReserve 2024-03-31 00861185 e:OtherMiscellaneousReserve 1 2023-04-01 2024-03-31 00861185 e:OtherMiscellaneousReserve 3 2023-04-01 2024-03-31 00861185 e:OtherMiscellaneousReserve 2023-03-31 00861185 e:OtherMiscellaneousReserve 2022-03-01 00861185 e:OtherMiscellaneousReserve 1 2022-03-01 2023-03-31 00861185 e:OtherMiscellaneousReserve 2 2022-03-01 2023-03-31 00861185 e:OtherMiscellaneousReserve 3 2022-03-01 2023-03-31 00861185 e:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00861185 e:RetainedEarningsAccumulatedLosses 2024-03-31 00861185 e:RetainedEarningsAccumulatedLosses 1 2023-04-01 2024-03-31 00861185 e:RetainedEarningsAccumulatedLosses 3 2023-04-01 2024-03-31 00861185 e:RetainedEarningsAccumulatedLosses 2022-03-01 2023-03-31 00861185 e:RetainedEarningsAccumulatedLosses 2023-03-31 00861185 e:RetainedEarningsAccumulatedLosses 2022-03-01 00861185 e:RetainedEarningsAccumulatedLosses 1 2022-03-01 2023-03-31 00861185 e:RetainedEarningsAccumulatedLosses 2 2022-03-01 2023-03-31 00861185 e:RetainedEarningsAccumulatedLosses 3 2022-03-01 2023-03-31 00861185 e:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00861185 e:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00861185 d:FRS102 2023-04-01 2024-03-31 00861185 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00861185 d:FullAccounts 2023-04-01 2024-03-31 00861185 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00861185 2 2023-04-01 2024-03-31 00861185 4 2023-04-01 2024-03-31 00861185 e:ShareCapital 1 2023-04-01 2024-03-31 00861185 e:ShareCapital 3 2023-04-01 2024-03-31 00861185 e:ShareCapital 1 2022-03-01 2023-03-31 00861185 e:ShareCapital 2 2022-03-01 2023-03-31 00861185 e:ShareCapital 3 2022-03-01 2023-03-31 00861185 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00861185










WINDTOR LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
WINDTOR LIMITED
REGISTERED NUMBER: 00861185

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,487
3,288

Investment property
 5 
3,994,350
3,989,350

  
3,996,837
3,992,638

Current assets
  

Debtors: amounts falling due within one year
 6 
1,954,282
2,000,661

Cash at bank and in hand
  
222,348
286,454

  
2,176,630
2,287,115

Creditors: amounts falling due within one year
 7 
(60,151)
(147,139)

Net current assets
  
 
 
2,116,479
 
 
2,139,976

Total assets less current liabilities
  
6,113,316
6,132,614

Provisions for liabilities
  

Deferred tax
 8 
(203,339)
(189,589)

  
 
 
(203,339)
 
 
(189,589)

Net assets
  
5,909,977
5,943,025


Capital and reserves
  

Called up share capital 
  
245
245

Other reserves
  
1,360,777
1,369,527

Profit and loss account
  
4,548,955
4,573,253

  
5,909,977
5,943,025


Page 1

 
WINDTOR LIMITED
REGISTERED NUMBER: 00861185
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income or the directors' report in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr D N Spero
Director

Date: 26 November 2024

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
WINDTOR LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 March 2022
245
2,223,912
3,854,275
6,078,432



Loss for the period
-
-
(135,407)
(135,407)

Fair value movement on investment property
-
(240,800)
240,800
-

Transfer on sale of investment property
-
(814,708)
814,708
-

Transfer of deferred tax movement due to change in tax rate
-
201,123
(201,123)
-



At 1 April 2023
245
1,369,527
4,573,253
5,943,025



Profit for the year
-
-
66,952
66,952

Fair value movement on investment property
-
5,000
(5,000)
-

Transfer of deferred tax movement
-
(13,750)
13,750
-

Dividends: Equity capital
-
-
(100,000)
(100,000)


At 31 March 2024
245
1,360,777
4,548,955
5,909,977


The notes on pages 4 to 10 form part of these financial statements.

Page 3

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

1.


General information

Windtor Limited is a private company limited by share capital, incorporated in England and Wales, registration number 00861185. The address of the registrated office is 14th Floor, 33 Cavendish Square, London, W1G 0PW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the ability of the company to pay its liabilities as they fall due and have concluded that it is appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue represents rents and service charges receivable recognised in the period in which the services are provided in accordance with the rental agreement.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

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

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
10%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

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

2.Accounting policies (continued)

 
2.9

Investment property

Investment properties are carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
Page 6

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

2.Accounting policies (continued)


2.14
Financial instruments (continued)

equivalents, trade and most other receivables due within the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 7

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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2023
900
14,010
14,910



At 31 March 2024

900
14,010
14,910



Depreciation


At 1 April 2023
759
10,863
11,622


Charge for the year on owned assets
14
787
801



At 31 March 2024

773
11,650
12,423



Net book value



At 31 March 2024
127
2,360
2,487



At 31 March 2023
141
3,147
3,288

Page 8

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

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
3,989,350


Surplus on revaluation
5,000



At 31 March 2024
3,994,350








If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
2,464,589
2,464,589


6.


Debtors

2024
2023
£
£


Trade debtors
10,953
22,804

Amounts owed by group undertakings
1,927,673
1,977,255

Other debtors
13,772
2,563

Prepayments and accrued income
1,884
(1,961)

1,954,282
2,000,661


Page 9

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

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
11,694
93,941

Other taxation and social security
12,981
-

Other creditors
20,820
38,113

Accruals and deferred income
14,656
15,085

60,151
147,139



8.


Deferred taxation




2024


£






At beginning of year
(189,589)


Charged to profit or loss
(13,750)



At end of year
(203,339)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Revaluation of investment property
(203,339)
(189,589)


9.


Related party transactions

Included in other creditors is £17,695 (2023: £17,695) owed to the directors. This amount is interest free and repayable on demand.

 
Page 10