Company registration number 12730925 (England and Wales)
WINCHESTER APARTMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
WINCHESTER APARTMENTS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
WINCHESTER APARTMENTS LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
31 December 2024
31 July 2023
Notes
£
£
FIXED ASSETS
Tangible assets
3
5,981
6,725
CURRENT ASSETS
Debtors
4
54,073
15,842
Cash at bank and in hand
2,617
8,797
56,690
24,639
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5
(69,449)
(34,633)
NET CURRENT LIABILITIES
(12,759)
(9,994)
NET LIABILITIES
(6,778)
(3,269)
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss reserves
(6,878)
(3,369)
TOTAL EQUITY
(6,778)
(3,269)

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

T he member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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.

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

WINCHESTER APARTMENTS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

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

The financial statements were approved and signed by the director and authorised for issue on 12 March 2026
Mrs A Pandya
Director
Company registration number 12730925 (England and Wales)
WINCHESTER APARTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 3 -
1
ACCOUNTING POLICIES
Company information

Winchester Apartments Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Kemp House, 160 City Road, London, EC1V 2NX.

1.1
Reporting period

These financial statements have been prepared for the period from 1 August 2023 to 31 December 2024, which is an extended accounting period. This change was made to align the company's year end with its reporting requirements. As a result, the that comparative amounts presented in the financial statements (including the related notes) are not directly comparable

1.2
Basis of preparation

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 prepared in sterling, 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. The principal accounting policies adopted are set out below.

1.3
Going concern

The accounts show that the company had net liabilities of £6,778 (202 3 - £3,269) at the balance sheet date.

The company has been able to finance its operations largely because of the support from related companies. Were this support not available, the company may not be able to continue trading. The director is satisfied that with this continuing support, the company will be able to meets its liabilities as they fall due.

On the basis of the above, the director considers it appropriate to prepare the accounts on a going concern basis.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

WINCHESTER APARTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
ACCOUNTING POLICIES
(Continued)
- 4 -

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

WINCHESTER APARTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
ACCOUNTING POLICIES
(Continued)
- 5 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Taxation

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

WINCHESTER APARTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
ACCOUNTING POLICIES
(Continued)
- 6 -
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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
1
1
WINCHESTER APARTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 7 -
3
TANGIBLE FIXED ASSETS
Fixtures and fittings
£
Cost
At 1 August 2023 and 31 December 2024
7,435
Depreciation and impairment
At 1 August 2023
710
Depreciation charged in the Period
744
At 31 December 2024
1,454
Carrying amount
At 31 December 2024
5,981
At 31 July 2023
6,725
4
DEBTORS
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
42,455
2,167
Other debtors
10,865
13,675
53,320
15,842
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset
753
-
0
Total debtors
54,073
15,842
WINCHESTER APARTMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 8 -
5
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
£
£
Trade creditors
7,056
-
0
Amounts owed to group undertakings
33,081
22,996
Corporation tax
503
932
Other taxation and social security
19,988
3,693
Other creditors
8,821
7,012
69,449
34,633
6
RELATED PARTY TRANSACTIONS

Included within other debtors is a balance of £42,455 (202 3: £2,167) due to fellow subsidiaries in the group.

Inc luded in other creditors is a balance of £33,081 (202 3: £22,996) due to related parties.

7
DIRECTORS' TRANSACTIONS

Included within other creditors is £3,516 (202 3: £450) due to the director. The amount is interest free and repayable on demand.

2024-12-31 2023-08-01 false false false 16 March 2026 CCH Software CCH Accounts Production 2025.200 The principal activity of the company continued to be that of hotels and similar accommodation and other letting and operating of own or leased estate.
Mrs A Pandya 12730925 2023-08-01 2024-12-31 12730925 2024-12-31 12730925 2023-07-31 12730925 core:FurnitureFittings 2024-12-31 12730925 core:FurnitureFittings 2023-07-31 12730925 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 12730925 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12730925 core:ShareCapital 2024-12-31 12730925 core:ShareCapital 2023-07-31 12730925 core:RetainedEarningsAccumulatedLosses 2024-12-31 12730925 core:RetainedEarningsAccumulatedLosses 2023-07-31 12730925 bus:Director1 2023-08-01 2024-12-31 12730925 core:FurnitureFittings 2023-08-01 2024-12-31 12730925 2022-08-01 2023-07-31 12730925 core:FurnitureFittings 2023-07-31 12730925 core:CurrentFinancialInstruments 2023-07-31 12730925 core:WithinOneYear 2024-12-31 12730925 core:WithinOneYear 2023-07-31 12730925 core:AfterOneYear 2024-12-31 12730925 core:AfterOneYear 2023-07-31 12730925 core:CurrentFinancialInstruments 2024-12-31 12730925 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-12-31 12730925 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-12-31 12730925 bus:FRS102 2023-08-01 2024-12-31 12730925 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-12-31 12730925 bus:FullAccounts 2023-08-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP