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REGISTERED NUMBER: 00526769 (England and Wales)










Financial Statements

for the Year Ended 31 December 2024

for

WELLS OLD WINDSOR (PROPERTIES) LIMITED

WELLS OLD WINDSOR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00526769)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WELLS OLD WINDSOR (PROPERTIES) LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: D P Guest
G J D Short





SECRETARY: D P Guest





REGISTERED OFFICE: London Court
London Road
Bracknell
Berkshire
RG12 2UT





REGISTERED NUMBER: 00526769 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

WELLS OLD WINDSOR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00526769)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 322,739

CURRENT ASSETS
Debtors 5 10,000 -
Cash at bank - 424,738
10,000 424,738
CREDITORS
Amounts falling due within one year 6 - 324,822
NET CURRENT ASSETS 10,000 99,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,000

422,655

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings - 412,655
SHAREHOLDERS' FUNDS 10,000 422,655

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 23 January 2025 and were signed on its behalf by:



D P Guest - Director



G J D Short - Director


WELLS OLD WINDSOR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00526769)

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

1. STATUTORY INFORMATION

Wells Old Windsor (Properties) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

The freehold and leasehold properties are disclosed in the statement of financial position at cost less relevant depreciation as opposed to being investment properties.
This is due to the fact that in the directors opinion these assets are being employed in the businesses operations as oppose to being held as investment properties.
That being the case the current market value is of little relevance.

Taxation
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

WELLS OLD WINDSOR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00526769)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2024 472,131
Disposals (472,131 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 149,392
Eliminated on disposal (149,392 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 322,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by participating interests 10,000 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax - 47,188
Social security and other taxes - 7,109
Other creditors - 68,379
Directors' current accounts - 178,528
Trade creditors - 23,618
- 324,822

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10,000 Ordinary £1 10,000 10,000

WELLS OLD WINDSOR (PROPERTIES) LIMITED (REGISTERED NUMBER: 00526769)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
K C MacEwan Smith
Balance outstanding at start of year 93,662 85,404
Amounts advanced - 8,258
Amounts repaid (93,662 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 93,662

Mrs R MacEwan Smith
Balance outstanding at start of year 84,866 75,861
Amounts advanced - 9,005
Amounts repaid (84,866 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 84,866

The directors loans are interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

The company remained under the control of its directors.