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Company registration number: 14561726
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FOR THE PERIOD ENDED
31 DECEMBER 2024
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WIMBLEDON PARK II LIMITED
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WIMBLEDON PARK II LIMITED
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COMPANY INFORMATION
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T J Munn (appointed 28 March 2024)
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Chartered Accountants & Statutory Auditor
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WIMBLEDON PARK II LIMITED
REGISTERED NUMBER:14561726
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BALANCE SHEET
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Net current assets/(liabilities)
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 May 2025.
The notes on pages 2 to 4 form part of these financial statements.
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WIMBLEDON PARK II LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Wimbledon Park II Ltd is a private company, limited by shares, registered in England and Wales, company registration number 14561726. The registered office is stated on the company information page. There is no principle place of business.
The company was incorporated and began trading on 29 December 2022. The prior period financial statements cover the long period ending 31 December 2023. Consequently, comparative amounts for the statement of comprehensive income and the related notes are not entirely comparable.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
All borrowing costs are capitalised as investment property.
Investment property is carried at fair value determined annually by the directors in consultation with external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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WIMBLEDON PARK II LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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The average monthly number of employees, including directors, during the period was 2 (2023 - 1).
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Property held for develop-ment
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The historical cost of the investment property at the balance sheet date is £2,771,483 (2023: £1,605,421). Included within this are capitalised interest and finance charges incurred during the course of the development of £173,158 (2023: £12,455).
The 2024 valuations were made by the directors, on an open market value for existing use basis.
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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WIMBLEDON PARK II LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due after more than one year
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Amounts owed to related undertakings
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Amounts owed to group undertakings
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Analysis of the maturity of loans is given below:
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Amounts falling due 2-5 years
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Amounts owed to related undertakings
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Amounts owed to group undertakings
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Amounts falling due after more than 5 years
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Amounts owed to related undertakings
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Amounts owed to group undertakings
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Bank loans totalling £4,271,540 are secured through fixed and floating charges over the assets of the Company.
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Swiss Life Holding AG, a company registered in Switzerland, is the parent company of the smallest group for which the consolidated financial statements are drawn up of which the company is a member. The parent company's registered office is General-Guisan-Quai 40, Zuerich, Zurich, 8022.
The auditors' report on the financial statements for the period ended 31 December 2024 was unqualified.
The audit report was signed on 19 May 2025 by Ralph Mitchison FCA (Senior statutory auditor) on behalf of Menzies LLP.
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