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Registered Number: 13584310
England and Wales

 

 

 

WINMAX ESTATE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 4,889,504    4,255,028 
4,889,504    4,255,028 
Current assets      
Cash at bank and in hand 9,859    36,722 
Creditors: amount falling due within one year 4 (4,886,046)   (2,240,027)
Net current assets (4,876,187)   (2,203,305)
 
Total assets less current liabilities 13,317    2,051,723 
Creditors: amount falling due after more than one year 5   (2,021,625)
Accruals and deferred income   (16,771)
Provisions for liabilities 6 (2,578)  
Net assets 10,739    13,327 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 10,639    13,227 
Shareholders' funds 10,739    13,327 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 24 May 2025 and were signed by:


-------------------------------
GAO Hua
Director
1
General Information
Winmax Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 13584310, registration address C/O Hyde Accountancy Harlow Enterprise Hub, Edinburgh Way, Harlow, CM20 2NQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Total
  £   £   £
At 01 September 2023 32,169    4,236,933    4,269,102 
Additions   639,000    639,000 
Disposals    
At 31 August 2024 32,169    4,875,933    4,908,102 
Depreciation
At 01 September 2023 14,074      14,074 
Charge for year 4,524      4,524 
On disposals    
At 31 August 2024 18,598      18,598 
Net book values
Closing balance as at 31 August 2024 13,571    4,875,933    4,889,504 
Opening balance as at 01 September 2023 18,095    4,236,933    4,255,028 


4.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 17,126   
Accrued Expenses 2,650   
Directors' Current Accounts 4,866,270    2,240,027 
4,886,046    2,240,027 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts   2,021,625 
  2,021,625 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 2,578   
2,578   

2