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REGISTERED NUMBER: 08633333 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Withdean Property Investment Limited

Withdean Property Investment Limited (Registered number: 08633333)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Withdean Property Investment Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A Sewell
Mrs L Watson





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 08633333 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Withdean Property Investment Limited (Registered number: 08633333)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 286 736
Investment property 5 1,265,280 900,000
1,265,566 900,736

CURRENT ASSETS
Debtors 6 1,386 1,386
Cash at bank 3,205 160,132
4,591 161,518
CREDITORS
Amounts falling due within one year 7 850,804 665,397
NET CURRENT LIABILITIES (846,213 ) (503,879 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,353

396,857

PROVISIONS FOR LIABILITIES 51,185 51,185
NET ASSETS 368,168 345,672

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 221,095 221,095
Retained earnings 146,973 124,477
SHAREHOLDERS' FUNDS 368,168 345,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Withdean Property Investment Limited (Registered number: 08633333)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





A Sewell - Director


Withdean Property Investment Limited (Registered number: 08633333)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Withdean Property Investment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 1,633
DEPRECIATION
At 1 September 2023 897
Charge for year 450
At 31 August 2024 1,347
NET BOOK VALUE
At 31 August 2024 286
At 31 August 2023 736

Withdean Property Investment Limited (Registered number: 08633333)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 900,000
Additions 365,280
At 31 August 2024 1,265,280
NET BOOK VALUE
At 31 August 2024 1,265,280
At 31 August 2023 900,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 169,392
Valuation in 2018 (25,000 )
Valuation in 2020 150,000
Valuation in 2021 (50,000 )
Valuation in 2023 25,000
Cost 995,888
1,265,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 1,386 1,386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 1,386 1,386
Taxation and social security 5,395 5,410
Other creditors 844,023 658,601
850,804 665,397

Withdean Property Investment Limited (Registered number: 08633333)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 221,095