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Company Registration No. 14139796 (England and Wales)
WINLEY ASSET LIMITED Unaudited accounts for the year ended 31 May 2024
WINLEY ASSET LIMITED Unaudited accounts Contents
Page
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WINLEY ASSET LIMITED Company Information for the year ended 31 May 2024
Directors
Emily Ming Lei Cheung Wing Pui Wong
Company Number
14139796 (England and Wales)
Registered Office
74 BRISTOL STREET BIRMINGHAM B5 7AH ENGLAND
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WINLEY ASSET LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,450,179 
1,269,035 
Current assets
Debtors
3,750 
- 
Cash at bank and in hand
8,908 
2,030 
12,658 
2,030 
Creditors: amounts falling due within one year
(736,152)
(528,216)
Net current liabilities
(723,494)
(526,186)
Total assets less current liabilities
726,685 
742,849 
Creditors: amounts falling due after more than one year
(709,251)
(754,746)
Net assets/(liabilities)
17,434 
(11,897)
Capital and reserves
Called up share capital
12 
12 
Profit and loss account
17,422 
(11,909)
Shareholders' funds
17,434 
(11,897)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by
Wing Pui Wong Director Company Registration No. 14139796
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WINLEY ASSET LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
WINLEY ASSET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14139796. The registered office is 74 BRISTOL STREET, BIRMINGHAM, B5 7AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
1,269,035 
Additions
181,144 
At 31 May 2024
1,450,179 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,750 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
53,814 
29,537 
Trade creditors
2,590 
50 
Taxes and social security
92 
- 
Other creditors
679,656 
498,629 
736,152 
528,216 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
709,251 
754,746 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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