Registered number
12707794
Austin Wilkinson Property Limited
Unaudited Filleted Accounts
28 February 2025
Austin Wilkinson Property Limited
Registered number: 12707794
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,693,763 2,700,038
Investments 4 1,923,557 2,166,785
4,617,320 4,866,823
Current assets
Debtors 5 409 1,537
Cash at bank and in hand 697,887 319,268
698,296 320,805
Creditors: amounts falling due within one year 6 (62,306) (102,260)
Net current assets 635,990 218,545
Net assets 5,253,310 5,085,368
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,253,309 5,085,367
Shareholders' funds 5,253,310 5,085,368
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
James A Wilkinson
Director
Approved by the board on 31 March 2025
Austin Wilkinson Property Limited
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment property Plant and machinery Total
£ £ £
Cost / valuation
At 1 March 2024 2,674,000 58,919 2,732,919
At 28 February 2025 2,674,000 58,919 2,732,919
Depreciation
At 1 March 2024 - 32,881 32,881
Charge for the year - 6,275 6,275
At 28 February 2025 - 39,156 39,156
Net book value
At 28 February 2025 2,674,000 19,763 2,693,763
At 29 February 2024 2,674,000 26,038 2,700,038
The investment property is stated at a valuation by the directors as at 28 February 2025.
4 Investments
Other
investments
£
Fair value
At 1 March 2024 2,166,785
Revaluation 78,772
Disposals (322,000)
At 28 February 2025 1,923,557
5 Debtors 2025 2024
£ £
Other debtors 409 1,537
6 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 57,470 91,741
Other creditors 4,836 10,519
62,306 102,260
7 Controlling party
The company is a wholly owned subsidiary of Austin Wilkinson Property (Holdings) Limited, a company controlled by James A Wilkinson and Peter W A Wilkinson.
8 Other information
Austin Wilkinson Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
Austin Park
Coal Pit Lane
Atherton
Manchester
M46 0FY
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