Registered number
02913174
Wardinch Limited
Unaudited Filleted Accounts
30 September 2024
Wardinch Limited
Registered number: 02913174
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 421,195 424,862
Current assets
Debtors 4 38,037 24,041
Cash at bank and in hand 44,338 44,319
82,375 68,360
Creditors: amounts falling due within one year 5 (97,577) (81,566)
Net current liabilities (15,202) (13,206)
Total assets less current liabilities 405,993 411,656
Creditors: amounts falling due after more than one year 6 (196,875) (209,375)
Net assets 209,118 202,281
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 8 128,539 128,539
Profit and loss account 79,579 72,742
Shareholders' funds 209,118 202,281
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J S Bee
Director
Approved by the board on 17 June 2025
Wardinch Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 - 5 years
Investment property is included at fair value. Gains are recognised in the Profit and loss account. Deferred taxation is provided on these gains at rates expected to apply when the property is sold.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 412,489 29,599 442,088
At 30 September 2024 412,489 29,599 442,088
Depreciation
At 1 October 2023 - 17,226 17,226
Charge for the year - 3,667 3,667
At 30 September 2024 - 20,893 20,893
Net book value
At 30 September 2024 412,489 8,706 421,195
At 30 September 2023 412,489 12,373 424,862
Investment property was valued by the directors at 30 September 2023 and 30 September 2024.
Freehold land and buildings: 2024 2023
£ £
Historical cost 283,950 283,950
Cumulative depreciation based on historical cost - -
283,950 283,950
No deferred tax arises on the revaluation of the property as the indexed cost exceeds the revalued amount.
4 Debtors 2024 2023
£ £
Trade debtors 31,437 17,227
Other debtors 6,600 6,814
38,037 24,041
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 12,500 12,500
Obligations under finance lease and hire purchase contracts - 203
Trade creditors 4 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 38,674 24,274
Taxation and social security costs 1,572 -
Other creditors 44,827 44,589
97,577 81,566
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 196,875 209,375
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 209,375 221,875
Bank loans are secured by a fixed and floating charge over the assets of the company.
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 128,539 128,539
At 30 September 2024 128,539 128,539
9 Capital commitments 2024 2023
£ £
Amounts contracted for but not provided in the accounts 225,000 225,000
10 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 8,338 11,117
11 Controlling party
The Nevill Estate Company Limited is the company's ultimate parent undertaking.
12 Other information
Wardinch Limited is a private company limited by shares and incorporated in England. Its registered office is:
Estate Office
Eridge Park
Tunbridge Wells
Kent
TN3 9JT
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