WINSTON'S EAGLES LIMITED - Filleted accounts

Registered number

09920257

WINSTON'S EAGLES LIMITED

FILLETED ACCOUNTS

For the year ended 31 December 2024

WINSTON'S EAGLES LIMITED
Registered number:		09920257
Balance Sheet
as at 31 December 2024

	Notes		2024		2023
			£		£
Fixed assets
Investments	4		6,930,681		6,960,906
			6,930,681		6,960,906

Current assets
Cash at bank and in hand		147,805		139,379

Creditors: amounts falling due within one year	5	(185,321)		(146,932)

Net current liabilities			(37,516)		(7,553)

Total assets less current liabilities			6,893,165		6,953,353

Creditors: amounts falling due after more than one year	6		(2,883,049)		(3,309,549)



Net assets			4,010,116		3,643,804

Capital and reserves
Called up share capital			2,024,508		2,024,508
Profit and loss account			1,985,608		1,619,296

Shareholders' funds			4,010,116		3,643,804

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.




Martin Long
Director
Approved by the board on 16 June 2025

WINSTON'S EAGLES LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Company information
	Winston's Eagles Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Accountax House, 420A Streatham High Road, London, SW16 3SN.

	Basis of preparation
	These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below

	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.











	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Judgements and key sources of estimation uncertainty

	In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.



3	Employees	2024	2023
		Number	Number

	Average number of persons employed by the company	1	1







4	Investments

Other
investments
£
	Cost
	At 1 January 2024		6,960,906
	Additions		26,028
	Revaluation		410,128
	Disposals		(466,381)

	At 31 December 2024		6,930,681

	Historical cost
	At 1 January 2024		6,522,170
	At 31 December 2024		6,081,817

	Fixed asset investments revalued Investments are included at revalued amounts, based on the market value of the Product Investments as at 31 December 2024.


5	Creditors: amounts falling due within one year	2024	2023
		£	£

	Taxation and social security costs	40,821	-
	Accruals	4,500	6,932
	Other creditors	140,000	140,000
		185,321	146,932


6	Creditors: amounts falling due after one year	2024	2023
		£	£

	Other creditors	2,883,049	3,309,549


7	Related party transactions

	At the balance sheet date, the director was owed £2,883,049 (2023: £3,309,549). This is an interest free loan to the company.


8	Other information

	WINSTON'S EAGLES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Accountax House
	420A Streatham High Road
	London
	SW16 3SN