Registered number
10604685
Winsek Properties Limited
Unaudited Filleted Accounts
28 February 2025
Winsek Properties Limited
Registered number: 10604685
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Investments 3 618,398 539,473
Current assets
Debtors 4 1,890 1,010
Cash at bank and in hand 4,433 9,632
6,323 10,642
Creditors: amounts falling due within one year 5 (601,698) (547,736)
Net current liabilities (595,375) (537,094)
Net assets 23,023 2,379
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,923 2,279
Shareholders' funds 23,023 2,379
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.
Mrs S E Pocklington Mrs S Olgeirsson
Director Director
Approved by the board on 23 July 2025
Winsek Properties Limited
Notes to the Accounts
for the year ended 28 February 2025
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). The reporting currency is British Pounds Sterling (£ / GBP) and all figures are rounded to the nearest £1.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Grant Income
Grant income received towards investment properties is not amortised but is held within creditors until such time as the relevant property is sold.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
The above includes directors who are not under contracts of service.
3 Investments
Investment
properties
£
Cost
At 1 March 2024 539,473
Additions 398,949
Disposals (320,024)
At 28 February 2025 618,398
4 Debtors 2025 2024
£ £
Other debtors and prepayments 1,890 1,010
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 50,000 183,000
Trade creditors 31,119 -
Taxation and social security costs (5,729) (790)
Other creditors, accruals and deferred income 526,308 365,526
601,698 547,736
6 Loans 2025 2024
£ £
Creditors include:
Secured bank loans 50,000 183,000
The company has granted a first mortgage on its investment property to its bankers as security for the above loan facility.

The company has further granted a second mortgage over its investment property to North East Lincolnshire Borough Council, as a condition of grant funding towards the redevelopment of that property. The related grant funding is included as deferred income within other creditors.
7 Share capital 2025 2024
Number Number
Ordinary shares of £1 each
Authorised share capital 100 100
£ £
Issued and fully paid 100 100
8 Controlling party
The company is 50% owned by each of the directors, who therefore control the company as a body. There is no single controlling party.
9 Other information
Winsek Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 6 Holton Studios
Nickerson Way, Holton Le Clay
Grimsby
N E Lincolnshire
DN36 5LE
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