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Registered number: 10203047
Wincanton Property Investments Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Unaudited Financial Statements
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mrs P J Aldous
Mr M J Aldous
Company Number 10203047
Registered Office 5 Cornfield Terrace
Eastbourne
BN21 4NN
Accountants Cornfield Accountants Limited
Chartered Accountants
5 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Wincanton Property Investments Ltd for the year ended 30 June 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Wincanton Property Investments Ltd for the year ended 30 June 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the board of directors of Wincanton Property Investments Ltd , as a body, in accordance with the terms of our engagement letter dated 22 February 2024. Our work has been undertaken solely to prepare for your approval the accounts of Wincanton Property Investments Ltd and state those matters that we have agreed to state to the board of directors of Wincanton Property Investments Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wincanton Property Investments Ltd and its board of directors, as a body, for our work or for this report.
It is your duty to ensure that Wincanton Property Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Wincanton Property Investments Ltd . You consider that Wincanton Property Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Wincanton Property Investments Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
24/03/2025
Cornfield Accountants Limited
Chartered Accountants
5 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN
Page 2
Page 3
Balance Sheet
Registered number: 10203047
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 310,000 290,000
310,000 290,000
CURRENT ASSETS
Debtors 5 10,556 12,640
Cash at bank and in hand 10,462 9,442
21,018 22,082
Creditors: Amounts Falling Due Within One Year 6 (63,163 ) (72,020 )
NET CURRENT ASSETS (LIABILITIES) (42,145 ) (49,938 )
TOTAL ASSETS LESS CURRENT LIABILITIES 267,855 240,062
Creditors: Amounts Falling Due After More Than One Year 7 (170,435 ) (171,327 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,197 ) -
NET ASSETS 96,223 68,735
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 3,592 -
Profit and Loss Account 92,531 68,635
SHAREHOLDERS' FUNDS 96,223 68,735
Page 3
Page 4
For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M J Aldous
Director
24/03/2025
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Wincanton Property Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10203047 . The registered office is 5 Cornfield Terrace, Eastbourne, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets.
2.4. Investment Properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. At each balance sheet date the company reviews the carrying amounts of its investment property to determine whether there is any indication that there has been an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 July 2023 290,000
Revaluation 20,000
As at 30 June 2024 310,000
Net Book Value
As at 30 June 2024 310,000
As at 1 July 2023 290,000
The investment property was valued at the year end by Mr M Aldous, a RICS registered valuer and director of the company.
The property was valued at £310,000 at 30 June 2024. On a historical cost basis, this would be included at £305,211. 
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,000 1,200
Other debtors 8,556 8,550
Deferred tax current asset - 2,890
10,556 12,640
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 4,565 8,157
Corporation tax 3,445 1,902
VAT 2,485 1,857
Other creditors 42,563 50,666
Accruals and deferred income 10,090 9,423
Directors' loan accounts 15 15
63,163 72,020
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Page 7
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 170,435 171,327
170,435 171,327
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 152,175 138,699
8. Secured Creditors
Of the creditors the following amounts are secured. The bank loan is secured against the property to which they relate.
2024 2023
£ £
Bank loans and overdrafts 175,000 179,484
9. Reserves
Fair Value Reserve
£
Transfer to profit and loss 3,592
As at 30 June 2024 3,592
10. Related Party Transactions
Included in other creditors is £35,989 (2023 - £44,165) owed to Perry Hill Property Management Co Ltd, a company of which the director is a controlling shareholder.
Page 7