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REGISTERED NUMBER: 09923700 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Winkhill Properties Limited

Winkhill Properties Limited (Registered number: 09923700)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


Winkhill Properties Limited (Registered number: 09923700)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,869 5,250
Investment property 5 2,100,000 2,100,000
2,144,869 2,105,250

CURRENT ASSETS
Debtors 6 9,099 -
Cash at bank 65,415 68,146
74,514 68,146
CREDITORS
Amounts falling due within one year 7 49,480 64,810
NET CURRENT ASSETS 25,034 3,336
TOTAL ASSETS LESS CURRENT LIABILITIES 2,169,903 2,108,586

CREDITORS
Amounts falling due after more than one year 8 (881,036 ) (849,997 )

PROVISIONS FOR LIABILITIES (102,402 ) (90,852 )
NET ASSETS 1,186,465 1,167,737

CAPITAL AND RESERVES
Called up share capital 99 99
Fair value reserve 10 328,991 328,991
Retained earnings 10 857,375 838,647
SHAREHOLDERS' FUNDS 1,186,465 1,167,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:



Mr P W Cope - Director


Winkhill Properties Limited (Registered number: 09923700)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Winkhill Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09923700

Registered office: The Cottage Kitchen
Ashbourne Road
Winkhill
Leek
Staffordshire
ST13 7PN

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Rental income is recognised as the company becomes entitled to consideration when the rental invoice is raised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Winkhill Properties Limited (Registered number: 09923700)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2024 - 7,000 7,000
Additions 3,191 51,120 54,311
At 31 March 2025 3,191 58,120 61,311
DEPRECIATION
At 1 April 2024 - 1,750 1,750
Charge for year 599 14,093 14,692
At 31 March 2025 599 15,843 16,442
NET BOOK VALUE
At 31 March 2025 2,592 42,277 44,869
At 31 March 2024 - 5,250 5,250

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 7,000
Additions 51,120
At 31 March 2025 58,120
DEPRECIATION
At 1 April 2024 1,750
Charge for year 7,046
At 31 March 2025 8,796
NET BOOK VALUE
At 31 March 2025 49,324
At 31 March 2024 5,250

Winkhill Properties Limited (Registered number: 09923700)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 2,100,000
NET BOOK VALUE
At 31 March 2025 2,100,000
At 31 March 2024 2,100,000

The Directors believe that the cost of the property represents its fair value at the balance sheet date.

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2022 420,176
Cost 1,679,824
2,100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 9,099 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 7,502 -
Taxation and social security 24,461 40,331
Other creditors 17,517 24,479
49,480 64,810

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 36,750 -
Other creditors 844,286 849,997
881,036 849,997

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 44,252 -

All debts are secured against the assets to which they relate.

Winkhill Properties Limited (Registered number: 09923700)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2024 838,647 328,991 1,167,638
Profit for the year 109,170 109,170
Dividends (90,442 ) (90,442 )
At 31 March 2025 857,375 328,991 1,186,366

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £27,827 This financial commitment represents the total amount of payments remaining on leases ending in 2028.