Windermere Park Ltd


Director	DENBY, Peter Jonathan


Registered Address	6 Station Road
	Hest Bank
	Lancaster
	LA2 6HP


Registered Number	10836280 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		25,540		35,435
Tangible assets	4		849,419		871,196
			874,959		906,631
Current assets
Stocks	5	7,000		6,000
Debtors	6	647,560		650,964
Cash at bank and on hand		6,181		11,575
		660,741		668,539
Creditors amounts falling due within one year	7	(59,449)		(56,738)
Net current assets (liabilities)			601,292		611,801
Total assets less current liabilities			1,476,251		1,518,432
Creditors amounts falling due after one year	8		(228,239)		(241,722)
Provisions for liabilities	9		(20,466)		(16,400)
Net assets			1,227,546		1,260,310
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,227,446		1,260,210
Shareholders' funds			1,227,546		1,260,310

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 16 September 2025, and are signed on its behalf by:

DENBY, Peter Jonathan
Director
Registered Company No. 10836280

Windermere Park Ltd

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements 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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 rendering of services. 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.

Turnover policy

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 rendering of services.

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets’; residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets’; residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	20	-
Fixtures and fittings	20	-

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares

2.	Average number of employees


		2024		2023
	Average number of employees during the year	5		4

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 January 24	95,000	1,375	96,375
At 31 December 24	95,000	1,375	96,375
Amortisation and impairment
At 01 January 24	60,528	412	60,940
Charge for year	9,620	275	9,895
At 31 December 24	70,148	687	70,835
Net book value
At 31 December 24	24,852	688	25,540
At 31 December 23	34,472	963	35,435

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 24	880,021	150,000	76,013	1,106,034
Additions	-	-	18,000	18,000
At 31 December 24	880,021	150,000	94,013	1,124,034
Depreciation and impairment
At 01 January 24	110,458	113,300	11,080	234,838
Charge for year	17,600	7,340	14,837	39,777
At 31 December 24	128,058	120,640	25,917	274,615
Net book value
At 31 December 24	751,963	29,360	68,096	849,419
At 31 December 23	769,563	36,700	64,933	871,196

5.	Stocks

	2024	2023
	£	£
Raw materials and consumables	7,000	6,000
Total	7,000	6,000

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	-	25,714
Amounts owed by group undertakings	599,958	619,872
Other debtors	42,510	534
Prepayments and accrued income	5,092	4,844
Total	647,560	650,964

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	11,914	10,413
Bank borrowings and overdrafts	13,796	13,855
Amounts owed to related parties	1,610	1,660
Taxation and social security	14,742	20,926
Other creditors	9,459	3,403
Accrued liabilities and deferred income	7,928	6,481
Total	59,449	56,738


	Bank loans are secured by a fixed and floating charge over the company's assets.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	228,239	241,722
Total	228,239	241,722


	Bank loans are secured by a fixed and floating charge over company's assets. Bank loans outstanding at the year end include instalments due after more than 5 years of £nil.

9.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	20,466	16,400
Total	20,466	16,400

10.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £1,337 (2023 - £590).

11.	Exceptional items
	During the year there was an intercompany write off of £nil (2023 - £1,002,577), this is showing as a credit within administrative expenses.