REGISTERED NUMBER: 10413182 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

WINFORD HOLDING LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

A S Kounnis

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

10413182 (England and Wales)

AUDITORS:

AGK Partnership Ltd

Chartered Accountants & Statutory Auditors

1 Kings Avenue

London

N21 3NA

FIXED ASSETS

Property, plant and equipment

4

1,927

3,854

Investments

5

42,093

42,093

Investment property

6

2,400,000

2,840,353

2,444,020

2,886,300

CURRENT ASSETS

Debtors

7

234,560

79,514

Cash at bank

4,561

3,676

239,121

83,190

CREDITORS

Amounts falling due within one year

8

2,160,104

1,445,998

NET CURRENT LIABILITIES

(1,920,983

)

(1,362,808

)

TOTAL ASSETS LESS CURRENT LIABILITIES

523,037

1,523,492

PROVISIONS FOR LIABILITIES

9

97,554

242,221

NET ASSETS

425,483

1,281,271

CAPITAL AND RESERVES

Called up share capital

10

100

100

Share premium

11

70,191

70,191

Retained earnings

11

355,192

1,210,980

SHAREHOLDERS' FUNDS

425,483

1,281,271

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 director and authorised for issue on 24 October 2025 and were signed by:

A S Kounnis - Director

1.	STATUTORY INFORMATION

Winford Holding Ltd 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.

Preparation of consolidated financial statements

The financial statements contain information about Winford Holding Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, The Intsol Group Ltd, 1 Kings Avenue, London, United Kingdom, N21 3NA.

Significant judgements and estimates

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.

Revenue

Revenue represents the value of rental income chargeable in respect of the company's investment property.

Revenue is recognised evenly over the period of the rental agreement and is measured at the fair value of the consideration receivable in accordance with rental terms.

Profit/(losses) on disposal of investment property is recognised as other income/(loss).

Property, plant and equipment

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% on straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit or loss.

Investments in subsidiaries

Investments in subsidiary undertakings are measured at cost less accumulated impairment losses. Cost includes the fair value of the consideration given.

If there is an indication that an investment in a subsidiary has suffered impairment, the carrying amount is reviewed and, if necessary, adjusted to reflect the revised recoverable amount. Impairment losses and reversals of impairment losses are recognised in profit or loss in the period in which they occur.

Investment property

Investment property, which is property held to earn rentals or for capital appreciation or both, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure such as legal fees, property transfer taxes, and other transaction costs.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2023 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 November 2023

and 31 October 2024

45,601

DEPRECIATION

At 1 November 2023

41,747

Charge for year

1,927

At 31 October 2024

43,674

NET BOOK VALUE

At 31 October 2024

1,927

At 31 October 2023

3,854

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2023

and 31 October 2024

42,093

NET BOOK VALUE

At 31 October 2024

42,093

At 31 October 2023

42,093

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

2,840,353

Additions

76,747

Revaluations

(517,100

)

At 31 October 2024

2,400,000

NET BOOK VALUE

At 31 October 2024

2,400,000

At 31 October 2023

2,840,353

Fair value at 31 October 2024 is represented by:

£

Valuation in 2020

926,795

Valuation in 2024

(517,100

)

Cost

1,990,305

2,400,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

1,990,305

1,913,558

Investment property was valued on an open market basis on 31 October 2024 by directors of the company .

The directors consider that the market values of the properties were as per the values stated in the financial statements.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

109,936

-

Other debtors

124,624

79,514

234,560

79,514

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

3,000

-

Amounts owed to group undertakings

2,142,887

1,357,605

Taxation and social security

10,967

84,342

Other creditors

3,250

4,051

2,160,104

1,445,998

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

Accelerated capital allowances

(15,392

)

-

Deferred tax

112,946

242,221

97,554

242,221

Deferred

tax

£

Balance at 1 November 2023

242,221

Provided during year

(144,667

)

Balance at 31 October 2024

97,554

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary Share

1

100

100

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 November 2023

1,210,980

70,191

1,281,171

Deficit for the year

(15,788

)

(15,788

)

Dividends

(840,000

)

(840,000

)

At 31 October 2024

355,192

70,191

425,383

Included with in retained earnings, is an undistributable element attributable to the unrealised gains or losses on revaluation of the investment's property and investments in subsidiary..

Retained

Earnings

(£)

Undistributable profits/(loss)

354,231

Distributable profits/(loss)

961

Total retained earnings as at 31 Oct 2024

355,192

A deferred tax provision of £97,554 has been recognised in respect of these undistributable profits.

These unrealised gains or losses on investments properties and investments in subsidiary are retained within the reserves but are considered non-distributable under FRS 102 (Section 1A) given their unrealised status and the associated deferred tax obligation.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alekos Christofi (FCCA) (Senior Statutory Auditor)

for and on behalf of AGK Partnership Ltd

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	POST BALANCE SHEET EVENTS

No significant events have occurred between the reporting date, 31 Oct 2024, and the date the financial statements were authorized for issue that would require adjustment to or disclosure in the financial statements.

15.	ULTIMATE CONTROLLING PARTY