2 2 Winston Gladdle Limited 00556483 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of the property development and investment. Digita Accounts Production Advanced 6.30.9574.0 true 00556483 2024-01-01 2024-12-31 00556483 2024-12-31 00556483 bus:OrdinaryShareClass1 2024-12-31 00556483 core:CurrentFinancialInstruments 2024-12-31 00556483 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 00556483 core:FurnitureFittingsToolsEquipment 2024-12-31 00556483 bus:SmallEntities 2024-01-01 2024-12-31 00556483 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00556483 bus:FilletedAccounts 2024-01-01 2024-12-31 00556483 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 00556483 bus:RegisteredOffice 2024-01-01 2024-12-31 00556483 bus:Director2 2024-01-01 2024-12-31 00556483 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 00556483 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00556483 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 00556483 countries:England 2024-01-01 2024-12-31 00556483 2023-12-31 00556483 core:FurnitureFittingsToolsEquipment 2023-12-31 00556483 2023-01-01 2023-12-31 00556483 2023-12-31 00556483 bus:OrdinaryShareClass1 2023-12-31 00556483 core:CurrentFinancialInstruments 2023-12-31 00556483 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 00556483 core:FurnitureFittingsToolsEquipment 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 00556483

Winston Gladdle Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Winston Gladdle Limited

(Registration number: 00556483)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,121

2,828

Investment property

5

1,242,250

1,242,250

 

1,244,371

1,245,078

Current assets

 

Debtors

6

-

2,852

Cash at bank and in hand

 

30,009

23,835

 

30,009

26,687

Creditors: Amounts falling due within one year

7

(13,721)

(16,856)

Net current assets

 

16,288

9,831

Total assets less current liabilities

 

1,260,659

1,254,909

Provisions for liabilities

(181,422)

(181,422)

Net assets

 

1,079,237

1,073,487

Capital and reserves

 

Called up share capital

8

4,125

4,125

Capital redemption reserve

875

875

Revaluation reserve

818,130

818,130

Retained earnings

256,107

250,357

Shareholders' funds

 

1,079,237

1,073,487

 

Winston Gladdle Limited

(Registration number: 00556483)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 August 2025
 


Miss R A Rowley
Director

 

Winston Gladdle Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
River House
Main Street
Careby
Stamford
Lincolnshire
PE9 4EA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Winston Gladdle Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land over their estimated useful lives. As the value of the land is in excess of the carrying value for the land and buildings no depreciation is provided.

Asset class

Depreciation method and rate

Fixtures and equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Winston Gladdle Limited

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Winston Gladdle Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

11,703

11,703

At 31 December 2024

11,703

11,703

Depreciation

At 1 January 2024

8,875

8,875

Charge for the year

707

707

At 31 December 2024

9,582

9,582

Carrying amount

At 31 December 2024

2,121

2,121

At 31 December 2023

2,828

2,828

5

Investment properties

2024
£

At 1 January

1,242,250

At 31 December

1,242,250

The properties are now measured at fair value by the director and any gain or loss arising is charged to the profit and loss account.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Other debtors

-

2,852

 

-

2,852

 

Winston Gladdle Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to related parties

3,354

4,309

Other creditors

 

10,367

12,547

 

13,721

16,856

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

4,125

4,125

4,125

4,125