Company Registration No. 04791023 (England and Wales)
WELLINGTON DOWNE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 JANUARY 2025
29 January 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
WELLINGTON DOWNE LIMITED
COMPANY INFORMATION
Director
Mrs J S Winfield
Company number
04791023
Registered office
C/o PM+M
New Century House
Challenge Way
Greenbank Technology Park
Blackburn
Lancashire
BB1 5QB
Accountants
PM+M Solutions for Business LLP
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
WELLINGTON DOWNE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WELLINGTON DOWNE LIMITED
BALANCE SHEET
AS AT
29 JANUARY 2025
29 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
400,000
400,000
Debtors
4
818
818
400,818
400,818
Creditors: amounts falling due within one year
5
(1,473,213)
(1,471,046)
Net current liabilities
(1,072,395)
(1,070,228)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(1,072,495)
(1,070,328)
Total equity
(1,072,395)
(1,070,228)

For the financial year ended 29 January 2025 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 year 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.

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 30 March 2026
Mrs J S Winfield
Director
Company registration number 04791023 (England and Wales)
WELLINGTON DOWNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2025
- 2 -
1
Accounting policies
Company information

Wellington Downe Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/o PM+M, New Century House, Challenge Way, Greenbank Technology Park, Blackburn, Lancashire, BB1 5QB.

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 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.

1.2
Going concern

At 31 January 202 true 4 the company had net liabilities of £1,070,228.

During the period the company received the support of its parent company. The parent company has agreed to continue to support the company by way of loans to the company.

On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

1.3
Stocks

Stock is the value of the development sites owned by the company and is stated at the lower of cost and net realisable value. Cost is the initial purchase price of the sites and expenditure subsequently thereon.

1.4
Taxation

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

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.

WELLINGTON DOWNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2025
- 3 -
2
Judgements and key sources of estimation uncertainty

The company makes certain estimates and assumptions regarding the future. Estimates and judgements are continually evaluated based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In future actual experience may differ from these estimates and assumptions.

The principle estimates and judgements that could have a significant effect upon the company's financial results relate to the amount of any provision deemed necessary to write down the value of development sites, disclosed as stock, to their net realisable value.

3
Employees

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

2025
2024
Number
Number
Total
1
1
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
818
818
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
1,464,759
1,464,759
Other creditors
8,454
6,287
1,473,213
1,471,046
6
Parent company

Winfield Holdings Limited is regarded by the director as being the company's ultimate parent company. The registered office is c/o PM+M, New Century House, Greenbank Technology Park, Challenge Way, Blackburn, Lancashire, England, BB1 5QB.

Copies of the financial statements of Winfield Holdings Limited are available from Companies House.

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