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REGISTERED NUMBER: 04102714 (England and Wales)













Financial Statements

for the Year Ended 30 June 2024

for

Wellingore Estates Ltd

Wellingore Estates Ltd (Registered number: 04102714)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wellingore Estates Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr R M Overton



SECRETARY: Miss S Bray



REGISTERED OFFICE: Wellingore Hall
Hall Street
Wellingore
LINCOLN
Lincolnshire
LN5 0HX



REGISTERED NUMBER: 04102714 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Royal Bank of Scotland
13 The Stonebow Centre
LINCOLN
Lincolnshire
LN2 1DQ

Wellingore Estates Ltd (Registered number: 04102714)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 533,750

CURRENT ASSETS
Debtors 533,750 -
Cash at bank 121 156
533,871 156
CREDITORS
Amounts falling due within one year 451,582 460,122
NET CURRENT ASSETS/(LIABILITIES) 82,289 (459,966 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,289

73,784

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 82,288 73,783
SHAREHOLDERS' FUNDS 82,289 73,784

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Wellingore Estates Ltd (Registered number: 04102714)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 March 2025 and were signed by:





Mr R M Overton - Director


Wellingore Estates Ltd (Registered number: 04102714)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Wellingore Estates Ltd 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.

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.

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

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.

Investment properties held as fixed assets are stated at fair value.

Investment properties are rented out under operating leases and rental income is recognised on a straight line basis over the term of the lease.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

Wellingore Estates Ltd (Registered number: 04102714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 533,750
Disposals (533,750 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 533,750

The investment property was rented out under an operating lease. Rental income received amounted to £10,550 (2023 - £10,250).

During the year the two properties held by the company were transferred to C N Overton Ltd. C N Overton Ltd is a company within the same group. This transfer was at no gain no loss.

Wellingore Estates Ltd (Registered number: 04102714)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. RELATED PARTY DISCLOSURES

NDC Group Ltd

The above company owns 100% of the issued share capital of the company.

Mr R M Overton is a Director and owns 100% of the share capital of C N Overton Holdings Ltd of which holds 100% of the share capital of NDC Group Ltd.

Included in other creditors is an amount of £449,535 (2023 - £460,085) owing to NDC Group Ltd. This loan is unsecured, interest free and repayable on demand.

C N Overton Ltd

Mr R M Overton is a Director and owns 100% of the share capital of C N Overton Holdings Ltd of which holds 75% of the share capital of C N Overton Ltd.

Included in other debtors is an amount of £533,750 (2023 - £Nil) owing from C N Overton Ltd. This loan is unsecured, interest free and repayable on demand.