Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30Tangible 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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.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. 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.2023-10-01false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00844339 2023-10-01 2024-09-30 00844339 2022-10-01 2023-09-30 00844339 2024-09-30 00844339 2023-09-30 00844339 2022-10-01 00844339 1 2023-10-01 2024-09-30 00844339 1 2022-10-01 2023-09-30 00844339 d:Director1 2023-10-01 2024-09-30 00844339 e:PlantMachinery 2023-10-01 2024-09-30 00844339 e:OfficeEquipment 2023-10-01 2024-09-30 00844339 e:OfficeEquipment 2024-09-30 00844339 e:OfficeEquipment 2023-09-30 00844339 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00844339 e:FreeholdInvestmentProperty 2024-09-30 00844339 e:FreeholdInvestmentProperty 2023-09-30 00844339 e:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 00844339 e:CurrentFinancialInstruments 2024-09-30 00844339 e:CurrentFinancialInstruments 2023-09-30 00844339 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 00844339 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 00844339 e:ShareCapital 2023-10-01 2024-09-30 00844339 e:ShareCapital 2024-09-30 00844339 e:ShareCapital 2022-10-01 2023-09-30 00844339 e:ShareCapital 2023-09-30 00844339 e:ShareCapital 2022-10-01 00844339 e:InvestmentPropertiesRevaluationReserve 2023-10-01 2024-09-30 00844339 e:InvestmentPropertiesRevaluationReserve 2024-09-30 00844339 e:InvestmentPropertiesRevaluationReserve 1 2023-10-01 2024-09-30 00844339 e:InvestmentPropertiesRevaluationReserve 2022-10-01 2023-09-30 00844339 e:InvestmentPropertiesRevaluationReserve 2023-09-30 00844339 e:InvestmentPropertiesRevaluationReserve 2022-10-01 00844339 e:InvestmentPropertiesRevaluationReserve 1 2022-10-01 2023-09-30 00844339 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 00844339 e:RetainedEarningsAccumulatedLosses 2024-09-30 00844339 e:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 00844339 e:RetainedEarningsAccumulatedLosses 2023-09-30 00844339 e:RetainedEarningsAccumulatedLosses 2022-10-01 00844339 d:OrdinaryShareClass1 2023-10-01 2024-09-30 00844339 d:OrdinaryShareClass1 2024-09-30 00844339 d:OrdinaryShareClass1 2023-09-30 00844339 d:FRS102 2023-10-01 2024-09-30 00844339 d:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00844339 d:FullAccounts 2023-10-01 2024-09-30 00844339 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00844339 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 00844339 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 00844339 e:TaxLossesCarry-forwardsDeferredTax 2024-09-30 00844339 e:TaxLossesCarry-forwardsDeferredTax 2023-09-30 xbrli:shares iso4217:GBP xbrli:pure



















Windruff Holdings Limited
Registered number:00844339
Directors' report and unaudited financial statements

For the year ended 30 September 2024

 
WINDRUFF HOLDINGS LIMITED
REGISTERED NUMBER: 00844339

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,414
4,384

Investments
 5 
1,847,071
1,602,585

Investment property
 6 
16,016,999
15,436,999

  
17,871,484
17,043,968

Current assets
  

Debtors: amounts falling due within one year
 7 
149,889
18,321

Cash at bank and in hand
  
805,154
503,397

  
955,043
521,718

Creditors: amounts falling due within one year
 8 
(301,234)
(114,174)

Net current assets
  
 
 
653,809
 
 
407,544

Total assets less current liabilities
  
18,525,293
17,451,512

Provisions for liabilities
  

Deferred tax
 9 
(3,134,257)
(2,576,941)

  
 
 
(3,134,257)
 
 
(2,576,941)

Net assets
  
15,391,036
14,874,571


Capital and reserves
  

Called up share capital 
 10 
90,000
90,000

Investment property reserve
 11 
8,901,613
8,699,887

Profit and loss account
 11 
6,399,423
6,084,684

  
15,391,036
14,874,571


Page 1

 
WINDRUFF HOLDINGS LIMITED
REGISTERED NUMBER: 00844339
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 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 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 Pratt
Director

Date: 17 February 2025

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
WINDRUFF HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Investment property reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2023
90,000
8,699,887
6,084,684
14,874,571


Comprehensive income for the year

Profit for the year
-
-
696,465
696,465
Total comprehensive income for the year
-
-
696,465
696,465

Dividends: Equity capital
-
-
(180,000)
(180,000)

Transfer to/from profit and loss account
-
-
(201,726)
(201,726)

Transfer between other reserves
-
201,726
-
201,726


Total transactions with owners
-
201,726
(381,726)
(180,000)


At 30 September 2024
90,000
8,901,613
6,399,423
15,391,036


The notes on pages 5 to 11 form part of these financial statements.

Page 3

 
WINDRUFF HOLDINGS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023


Called up share capital
Investment property reserve
Profit and loss account
Total equity

£
£
£
£

At 1 October 2022
90,000
7,530,774
5,760,033
13,380,807


Comprehensive income for the year

Profit for the year
-
-
1,718,764
1,718,764
Total comprehensive income for the year
-
-
1,718,764
1,718,764

Dividends: Equity capital
-
-
(225,000)
(225,000)

Transfer to/from profit and loss account
-
-
(1,169,113)
(1,169,113)

Transfer between other reserves
-
1,169,113
-
1,169,113


Total transactions with owners
-
1,169,113
(1,394,113)
(225,000)


At 30 September 2023
90,000
8,699,887
6,084,684
14,874,571


The notes on pages 5 to 11 form part of these financial statements.

Page 4

 
WINDRUFF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Windruff Holdings Limited is a private company limited by shares incorporated in England and Wales. Company number 00844339. The address of its principal place of business is 22 Felpham Road, Felpham, Bognor Regis, West Sussex, PO22 7AZ.
The principal activity of the company was that of the provision of management of investment properties.
The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 Company is deemed to be a going concern and therefore the accounts have been prepared on the going concern basis. The Directors will pay liabilities as they fall due. On the basis of the above, the shareholders consider the Company to be a going concern for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

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

Page 5

 
WINDRUFF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

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.

 
2.6

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:

Office Equipment
-
15% 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 6

 
WINDRUFF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Investment properties

Investment properties are carried at fair value determined annually by the directors. External valuations are also carried out every three years and the valuations are derived from the prevailing 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 profit or loss.

 
2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

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.

 
2.10

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.

 
2.11

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.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
2.13

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.
 
Page 7

 
WINDRUFF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.13
Financial instruments (continued)


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

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

 
2.14

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 4 (2023 - 4).

Page 8

 
WINDRUFF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Office Equipment

£



Cost or valuation


At 1 October 2023
11,088


Additions
3,734



At 30 September 2024

14,822



Depreciation


At 1 October 2023
6,704


Charge for the year on owned assets
704



At 30 September 2024

7,408



Net book value



At 30 September 2024
7,414



At 30 September 2023
4,384


5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 October 2023
1,602,585


Additions
359,227


Disposals
(355,907)


Revaluations
241,166



At 30 September 2024
1,847,071




Page 9

 
WINDRUFF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Investment property reserve


Freehold investment property

£



Valuation


At 1 October 2023
15,436,999


Surplus on revaluation
580,000



At 30 September 2024
16,016,999

The 2024 valuations were made by the directors, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 October 2023
8,699,887
7,530,774

Net surplus/(deficit) in movement properties
201,726
1,169,113

At 30 September 2024
8,901,613
8,699,887





7.


Debtors

2024
2023
£
£


Trade debtors
116,605
15,977

Prepayments and accrued income
33,284
2,344

149,889
18,321



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
127,688
24,375

Corporation tax
143,301
68,707

Other taxation and social security
8,081
4,562

Other creditors
22,164
16,530

301,234
114,174


Page 10

 
WINDRUFF HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Deferred taxation




2024


£






At beginning of year
(2,576,941)


Charged to profit or loss
(557,316)



At end of year
(3,134,257)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(23,319)
(14,191)

Capital gains/(losses)
(3,110,938)
(2,562,750)

(3,134,257)
(2,576,941)


10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



90,000 (2023 - 90,000) Ordinary shares of £1.00 each
90,000
90,000



11.


Reserves

Investment property reserve

This reserve represents the cumulative revaluation movements on investment properties.

Profit & loss account

This reserve represents cumulative profits and losses less dividends paid.

 
Page 11