REGISTERED NUMBER: 03485365 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

WINCHESTER CITY CENTRE PARTNERSHIP

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G H Miles

J A Warwick

P Spencer

R P Holroyd Smith

Z Truscott

H J France

D C Pinder

L D Thompson

P M Phasey

J Moir

K E Proctor

T Y Greasley

Y Cresswell

T G Kanyepi

S M N Y F Oh

G Bakas

W D Davies

SECRETARY:

C M D Turner

REGISTERED OFFICE:

32 St Thomas Street

Winchester

Hampshire

SO23 9HJ

REGISTERED NUMBER:

03485365 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

6,265

4,288

CURRENT ASSETS

Debtors

5

38,015

41,727

Cash at bank

143,292

135,131

181,307

176,858

CREDITORS

Amounts falling due within one year

6

32,558

41,530

NET CURRENT ASSETS

148,749

135,328

TOTAL ASSETS LESS CURRENT LIABILITIES

155,014

139,616

RESERVES

Income and expenditure account

155,014

139,616

155,014

139,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 surplus or deficit 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 12th December 2025 and were signed on its behalf by:

G H Miles - Director

1.	STATUTORY INFORMATION

Winchester City Centre Partnership Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Income

All income is accounted for when receivable and includes a levy paid by local organisations towards the Winchester Business Improvement District (BID) Scheme.

Tangible fixed assets

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

Office equipment

-

25% on cost and Straight line over 3 years

Digital Project

-

25% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

Digital

equipment

Project

Totals

£

£

£

COST

At 1st April 2024

75,757

54,209

129,966

Additions

5,254

-

5,254

Disposals

(68,569

)

-

(68,569

)

At 31st March 2025

12,442

54,209

66,651

DEPRECIATION

At 1st April 2024

73,619

52,059

125,678

Charge for year

1,465

1,075

2,540

Eliminated on disposal

(67,832

)

-

(67,832

)

At 31st March 2025

7,252

53,134

60,386

NET BOOK VALUE

At 31st March 2025

5,190

1,075

6,265

At 31st March 2024

2,138

2,150

4,288

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,566

3,974

Other debtors

30,779

37,753

VAT

4,670

-

38,015

41,727

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,011

20,824

Barclaycard creditor

258

819

Tax

498

434

Social security and other taxes

3,666

3,716

VAT

-

6,620

Accruals and deferred income

7,125

9,117

32,558

41,530

7.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £60,000 (2024: £Nil).