REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JULY 2023 TO 31 JULY 2024 |
FOR |
WIMBORNE UK LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JULY 2023 TO 31 JULY 2024 |
FOR |
WIMBORNE UK LTD |
WIMBORNE UK LTD (REGISTERED NUMBER: 15037768) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JULY 2023 TO 31 JULY 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 3 |
WIMBORNE UK LTD (REGISTERED NUMBER: 15037768) |
BALANCE SHEET |
31 JULY 2024 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities | 9 |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Retained earnings |
Shareholders' funds |
The directors acknowledge their 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. |
WIMBORNE UK LTD (REGISTERED NUMBER: 15037768) |
BALANCE SHEET - continued |
31 JULY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
WIMBORNE UK LTD (REGISTERED NUMBER: 15037768) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 31 JULY 2023 TO 31 JULY 2024 |
1. | Statutory information |
Wimborne UK Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 15037768. The registered office and business address is Little Haythorne, Horton, Wimborne, Dorset, BH21 7JG. |
2. | Accounting policies |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
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. |
Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
Fixed asset investments |
Fixed asset investments, being investment portfolios held, are being carried at their revalued cost, with gains or impairments being recognised in the profit and loss account in the year in which they arise. |
3. | Employees and directors |
The average number of employees during the period was |
WIMBORNE UK LTD (REGISTERED NUMBER: 15037768) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 JULY 2023 TO 31 JULY 2024 |
4. | Tangible fixed assets |
Fixtures |
and |
fittings |
£ |
Cost |
Additions |
At 31 July 2024 |
Depreciation |
Charge for period |
At 31 July 2024 |
Net book value |
At 31 July 2024 |
5. | Fixed asset investments |
Interest |
in | Other |
associate | investments | Totals |
£ | £ | £ |
Cost or valuation |
Additions | 1,871,229 |
Disposals | ( |
) | (128,927 | ) |
Revaluations | 155,890 |
Dividends received | - | 19,272 | 19,272 |
At 31 July 2024 | 1,917,464 |
Net book value |
At 31 July 2024 | 1,917,464 |
Cost or valuation at 31 July 2024 is represented by: |
Interest |
in | Other |
associate | investments | Totals |
£ | £ | £ |
Valuation in 2024 | - | 155,890 | 155,890 |
Cost | 60 | 1,761,514 | 1,761,574 |
60 | 1,917,404 | 1,917,464 |
6. | Investment property |
Total |
£ |
Fair value |
Additions |
At 31 July 2024 |
Net book value |
At 31 July 2024 |
WIMBORNE UK LTD (REGISTERED NUMBER: 15037768) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 31 JULY 2023 TO 31 JULY 2024 |
7. | Debtors: amounts falling due within one year |
£ |
Other debtors |
Directors' current accounts | 8,023 |
8. | Creditors: amounts falling due within one year |
£ |
Accruals and deferred income |
9. | Provisions for liabilities |
£ |
Deferred tax | 1,137 |
Deferred |
tax |
£ |
Provided during period |
Balance at 31 July 2024 |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 100 |
40 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period and 60 Ordinary shares of £1 each were issued in exchange for 60 Ordinary £1 A shares in DAGT Ltd. |
11. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the period ended 31 July 2024: |
£ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid |
Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period |
The directors' loan account was repaid within 9 months of the period end. |
12. | Ultimate controlling party |
The directors, Mr and Mrs Hall are deemed to have ultimate control of the company by virtue of their ownership of 100% of the issued voting share capital. |