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Company No: 04791326 (England and Wales)

WINTLE PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

WINTLE PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024

Contents

WINTLE PROPERTY LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
WINTLE PROPERTY LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
DIRECTORS Carole Ann Wintle
Philip Peter Wintle
SECRETARY Carole Ann Wintle
REGISTERED OFFICE Mansion Close
Moulton Park Industrial Estate
Northampton
NN3 6RU
United Kingdom
COMPANY NUMBER 04791326 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ
WINTLE PROPERTY LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2024
WINTLE PROPERTY LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 5,380 10,501
Investment property 5 4,845,000 4,200,000
4,850,380 4,210,501
Current assets
Debtors 6 6,729 0
Cash at bank and in hand 7 14,578 23,645
21,307 23,645
Creditors: amounts falling due within one year 8 ( 47,217) ( 47,341)
Net current liabilities (25,910) (23,696)
Total assets less current liabilities 4,824,470 4,186,805
Provision for liabilities ( 392,745) ( 317,400)
Net assets 4,431,725 3,869,405
Capital and reserves
Called-up share capital 9 13,080 13,080
Fair value reserve 1,871,056 1,226,056
Capital redemption reserve 1,600 1,600
Profit and loss account 2,545,989 2,628,669
Total shareholders' funds 4,431,725 3,869,405

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Wintle Property Limited (registered number: 04791326) were approved and authorised for issue by the Board of Directors on 22 May 2025. They were signed on its behalf by:

Philip Peter Wintle
Director
WINTLE PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
WINTLE PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wintle Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Mansion Close, Moulton Park Industrial Estate, Northampton, NN3 6RU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 5 years straight line
Computer equipment 5 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by external valuers and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies above.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Tangible assets

Vehicles Computer equipment Total
£ £ £
Cost
At 01 October 2023 24,955 649 25,604
At 30 September 2024 24,955 649 25,604
Accumulated depreciation
At 01 October 2023 14,973 130 15,103
Charge for the financial year 4,991 130 5,121
At 30 September 2024 19,964 260 20,224
Net book value
At 30 September 2024 4,991 389 5,380
At 30 September 2023 9,982 519 10,501

5. Investment property

Investment property
£
Valuation
As at 01 October 2023 4,200,000
Fair value movement 645,000
As at 30 September 2024 4,845,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 2,939,399 2,939,399

Fair value at 30th September 2024 is represented by:

Valuation in 2006 £110,368
Valuation in 2007 £(445,066)
Valuation in 2009 £85,500
Valuation in 2010 £(39,000)
Valuation in 2013 £48,818
Valuation in 2015 £335,451
Valuation in 2016 £(55,000)
Valuation in 2017 £950,000
Valuation in 2019 £(86,071)
Valuation in 2021 £355,601
Valuation in 2024 £645,000
Cost £2,939,399

6. Debtors

2024 2023
£ £
Prepayments 6,729 0

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 14,578 23,645

8. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 7,641 7,154
Amounts owed to directors 0 3,128
Accruals 2,100 1,824
Corporation tax 32,595 30,132
Other taxation and social security 4,881 5,103
47,217 47,341

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
13,080 Ordinary shares of £ 1.00 each 13,080 13,080