Warwick Property Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05562734 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WARWICK PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Summers

R Connolly

SECRETARY:

P Summers

REGISTERED OFFICE:

86-90 Paul Street

London

EC2A 4NE

REGISTERED NUMBER:

05562734 (England and Wales)

ACCOUNTANTS:

Jamesons Limited

Jamesons House

Compton Way

Witney

OX28 3AB

FIXED ASSETS

Tangible assets

4

-

Investments

5

100

Investment property

6

1,158,158

1,158,258

CURRENT ASSETS

Debtors

7

424,826

474,826

Cash at bank

18,987

40,560

443,813

515,386

CREDITORS

Amounts falling due within one year

8

80,708

141,104

NET CURRENT ASSETS

363,105

374,282

TOTAL ASSETS LESS CURRENT LIABILITIES

1,521,363

1,532,540

CREDITORS

Amounts falling due after more than one
year

9

(283,874

)

(295,784

)

PROVISIONS FOR LIABILITIES

(178,046

)

(178,046

)

NET ASSETS

1,059,443

1,058,710

CAPITAL AND RESERVES

Called up share capital

11

2

Fair value reserve

12

622,858

Retained earnings

436,583

435,850

SHAREHOLDERS' FUNDS

1,059,443

1,058,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

R Connolly - Director

1.	STATUTORY INFORMATION

Warwick Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

In accordance with Statement of Standard Accounting Practice No.19, the company's properties that are held for long term investment are included in the balance sheet at their open market values. The surpluses or deficits on annual revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years.

This policy represents a departure from the statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view, because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

and 28 February 2025

791

DEPRECIATION

At 1 March 2024

and 28 February 2025

791

NET BOOK VALUE

At 28 February 2025

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

100

NET BOOK VALUE

At 28 February 2025

100

At 29 February 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

1,158,158

NET BOOK VALUE

At 28 February 2025

1,158,158

At 29 February 2024

1,158,158

Investment properties held at 28th February 2025 were not revalued by the directors in 2025. The basis of the valuation used was open market value. If the properties had not been revalued, they would have been included on the historical costs basis amounting £357,253 (2024 - £357,253)

Fair value at 28 February 2025 is represented by:

£

Valuation in 2010

427,732

Valuation in 2011

(55,000

)

Valuation in 2012

370,000

Valuation in 2017

600,000

Valuation in 2018

137,520

Valuation in 2019

(38,450

)

Valuation in 2020

(35,419

)

Valuation in 2021

(457,513

)

Valuation in 2022

438,861

Valuation in 2023

(586,826

)

Cost

357,253

1,158,158

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed by group undertakings

416,503

466,503

Other debtors

8,323

424,826

474,826

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

12,930

13,951

Other creditors

67,778

127,153

80,708

141,104

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

283,874

295,784

Amounts falling due in more than five years:

Repayable by instalments

Property mortgages

277,316

281,628

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Property mortgages

282,134

286,952

The property mortgages are secured on the properties to which each individual mortgage relates.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

1.00

2

12.

RESERVES

Fair

value

reserve

£

At 1 March 2024

and 28 February 2025

622,858