IRIS Accounts Production v24.3.0.553 13411625 director 31.5.23 30.5.24 30.5.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134116252023-05-30134116252024-05-30134116252023-05-312024-05-30134116252022-05-30134116252022-05-312023-05-30134116252023-05-3013411625ns15:EnglandWales2023-05-312024-05-3013411625ns14:PoundSterling2023-05-312024-05-3013411625ns10:Director12023-05-312024-05-3013411625ns10:PrivateLimitedCompanyLtd2023-05-312024-05-3013411625ns10:SmallEntities2023-05-312024-05-3013411625ns10:AuditExempt-NoAccountantsReport2023-05-312024-05-3013411625ns10:SmallCompaniesRegimeForDirectorsReport2023-05-312024-05-3013411625ns10:SmallCompaniesRegimeForAccounts2023-05-312024-05-3013411625ns10:FullAccounts2023-05-312024-05-3013411625ns5:CurrentFinancialInstruments2024-05-3013411625ns5:CurrentFinancialInstruments2023-05-3013411625ns5:Non-currentFinancialInstruments2024-05-3013411625ns5:Non-currentFinancialInstruments2023-05-3013411625ns5:ShareCapital2024-05-3013411625ns5:ShareCapital2023-05-3013411625ns5:FurtherSpecificReserve3ComponentTotalEquity2024-05-3013411625ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3013411625ns5:RetainedEarningsAccumulatedLosses2024-05-3013411625ns5:RetainedEarningsAccumulatedLosses2023-05-3013411625ns10:RegisteredOffice2023-05-312024-05-3013411625ns5:CostValuation2024-05-3013411625ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3013411625ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3013411625ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3013411625ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-301341162512023-05-312024-05-30
REGISTERED NUMBER: 13411625 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2024

FOR

CHARLES WAINWRIGHT PROPERTIES LIMITED

CHARLES WAINWRIGHT PROPERTIES LIMITED (REGISTERED NUMBER: 13411625)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


CHARLES WAINWRIGHT PROPERTIES LIMITED (REGISTERED NUMBER: 13411625)

STATEMENT OF FINANCIAL POSITION
30 MAY 2024

30.5.24 30.5.23
Notes £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 1,922,515 640,000
1,922,516 640,001

CURRENT ASSETS
Debtors 6 714,153 5,499
Cash at bank 22,448 6,385
736,601 11,884
CREDITORS
Amounts falling due within one year 7 (1,166,009 ) (18,740 )
NET CURRENT LIABILITIES (429,408 ) (6,856 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,493,108

633,145

CREDITORS
Amounts falling due after more than one
year

8

(1,375,659

)

(485,775

)

PROVISIONS FOR LIABILITIES (38,968 ) (38,968 )
NET ASSETS 78,481 108,402

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 116,903 116,903
Retained earnings (38,522 ) (8,601 )
78,481 108,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHARLES WAINWRIGHT PROPERTIES LIMITED (REGISTERED NUMBER: 13411625)

STATEMENT OF FINANCIAL POSITION - continued
30 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 February 2025 and were signed by:





R Wainwright - Director


CHARLES WAINWRIGHT PROPERTIES LIMITED (REGISTERED NUMBER: 13411625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MAY 2024


1. STATUTORY INFORMATION

Charles Wainwright Properties 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: 13411625

Registered office: C/O DPC
Stone House
55 Stone Road Business Park
Stoke-on-Trent
Staffordshire
ST4 6SR

The principal activity of the company during the year was that of a property rental company.

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.

The financial statements are prepared in sterling, which is the functional currency of the entity,

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Valuation of investment property

The investment property is stated in the balance sheet at fair value, based on the valuation performed by the directors. The directors are of the opinion that the year-end valuation is not materially different to current market price observed.

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

INVESTMENTS IN ASSOCIATES
Investments in associate undertakings are recognised at cost.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

CHARLES WAINWRIGHT PROPERTIES LIMITED (REGISTERED NUMBER: 13411625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CHARLES WAINWRIGHT PROPERTIES LIMITED (REGISTERED NUMBER: 13411625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024


2. ACCOUNTING POLICIES - continued
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 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 31 May 2023
and 30 May 2024 1
NET BOOK VALUE
At 30 May 2024 1
At 30 May 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 May 2023 640,000
Additions 1,282,515
At 30 May 2024 1,922,515
NET BOOK VALUE
At 30 May 2024 1,922,515
At 30 May 2023 640,000

The director considers the above to be the fair value of the properties at 30 May 2024.


CHARLES WAINWRIGHT PROPERTIES LIMITED (REGISTERED NUMBER: 13411625)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Amounts owed by group undertakings 620,554 -
Other debtors 93,599 5,499
714,153 5,499

Amounts owed by group undertakings are unsecured, interest free and are repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Other creditors 38,000 9,900
Directors' loan accounts 1,124,746 6,533
Accruals and deferred income 3,263 2,307
1,166,009 18,740

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.5.24 30.5.23
£    £   
Bank loans more 5 yrs non-inst 1,375,659 485,775

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,375,659 485,775

9. RELATED PARTY DISCLOSURES

All transactions undertaken with directors are deemed to be conducted under normal market conditions and/or are not material.

10. POST BALANCE SHEET EVENTS

There were no significant events up to the date of approval of the financial statements by the Board.