Company registration number 02051548 (England and Wales)
WINSTRONG LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
WINSTRONG LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WINSTRONG LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
€
€
€
€
Fixed assets
Investment properties
3
483,328
483,328
Current assets
Debtors
4
24,059
15,784
Cash at bank and in hand
1
1
24,060
15,785
Creditors: amounts falling due within one year
5
(15,272)
(14,829)
Net current assets
8,788
956
Total assets less current liabilities
492,116
484,284
Provisions for liabilities
(129,952)
(129,952)
Net assets
362,164
354,332
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserve - non-distributable
318,159
318,159
Profit and loss reserve - distributable
44,004
36,172
Total equity
362,164
354,332

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 September 2025
C Emmanuel
Director
Company Registration No. 02051548
WINSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Winstrong Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.

1.1
Accounting convention

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 presented in euros, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest €.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents amounts receivable for rents charged on investment properties.
1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

This is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with this is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately indentified or quantified.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.

Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.

Basic financial liabilities

Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

WINSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.6
Foreign currency translation
The financial statements have been prepared in Euros as the company's activities and assets are based in Greece.
Share capital is translated at the rate of exchange ruling at the date of the company's formation.
2
Employees

The average monthly number of officers employed by the company during the year was:

2024
2023
Number
Number
2
2
3
Investment property
2024
€
Fair value
At 1 January 2024 and 31 December 2024
483,328

The fair value of the investment property has been arrived at on the basis of a valuation carried out by directors of the company. The historical cost of the property is €35,217.

4
Debtors
2024
2023
Amounts falling due within one year:
€
€
Other debtors
24,059
15,784
WINSTRONG LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
€
€
Trade creditors
4,340
5,270
Taxation and social security
5,557
4,654
Other creditors
5,375
4,905
15,272
14,829
6
Called up share capital
2024
2023
€
€
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
1
1
7
Related party transactions

At the balance sheet date, the company was owed €24,059 (202 3 - €15,784) by shareholder H A Topouzoglou. This loan was fully repaid within 9 months of the year end.

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