Wilburne Estates Limited Filleted Accounts Cover
Wilburne Estates Limited
Company No. 03666265
Information for Filing with The Registrar
31 March 2024
Wilburne Estates Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 March 2024.
Principal activities
The principal activity of the company during the year under review was property investment .
Director
The Director who served at any time during the year was as follows:
J. Dorival
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. Dorival
Director
27 March 2025
Wilburne Estates Limited Balance Sheet Registrar
at
31 March 2024
Company No.
03666265
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
--
Investment property
5
1,574,0001,639,000
1,574,0001,639,000
Current assets
Cash at bank and in hand
10,9471,139
10,9471,139
Creditors: Amount falling due within one year
6
(187,511)
(201,626)
Net current liabilities
(176,564)
(200,487)
Total assets less current liabilities
1,397,4361,438,513
Creditors: Amounts falling due after more than one year
7
(716,476)
(779,476)
Provisions for liabilities
Deferred taxation
(64,153)
(79,427)
Net assets
616,807579,610
Capital and reserves
Called up share capital
22
Profit and loss account
9
616,805579,608
Total equity
616,807579,610
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 27 March 2025 and signed on its behalf by:
J. Dorival
Director
27 March 2025
Wilburne Estates Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Wilburne Estates Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 03666265
Its registered office is:
83 Ye Priory Court
Allerton Road
Liverpool
L25 7BG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is rents receivable from investment properties.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered 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.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Provisions
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 the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at 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.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 April 2023
2,7372,737
At 31 March 2024
2,7372,737
Depreciation
At 1 April 2023
2,7372,737
At 31 March 2024
2,7372,737
Net book values
At 31 March 2024
--
At 31 March 2023
-
-
5
Investment property
Freehold Investment Property
£
Valuation
At 1 April 2023
1,639,000
Disposals
(65,000)
At 31 March 2024
1,574,000
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,344-
Taxes and social security
10,260
9,665
Loans from directors
162,452186,841
Other creditors
4,3172,900
Accruals and deferred income
1,1382,220
187,511201,626
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
716,476779,476
716,476779,476
8
Share Capital
Two Ordinary Shares are allocated, called up and fully paid.
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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