Winlaz Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11758830

Winlaz Property Limited

Filleted Unaudited Financial Statements

30 June 2025

Winlaz Property Limited

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	1,720,000	1,700,000

Current assets

Debtors	5	38,111	72,189
Cash at bank and in hand		2,988	3,435
		--------	--------
		41,099	75,624

Creditors: amounts falling due within one year	6	419,453	525,861
		---------	---------
Net current liabilities		378,354	450,237
		------------	------------
Total assets less current liabilities		1,341,646	1,249,763

Creditors: amounts falling due after more than one year	7	759,749	758,940

Provisions	95,505	91,705
	------------	------------
Net assets	486,392	399,118
	------------	------------

Capital and reserves

Called up share capital	100	100
Fair value reserve	407,153	390,953
Profit and loss account	79,139	8,065
	---------	---------
Shareholders funds	486,392	399,118
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Winlaz Property Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 26 June 2026 , and are signed on behalf of the board by:

T M Lazenbury Esq
Director

Company registration number: 11758830

Winlaz Property Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is TML House, 1a The Anchorage, Gosport, Hampshire, PO12 1LY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Freehold property
	£
Cost or valuation
At 1 July 2024	1,700,000
Revaluations	20,000
	------------
At 30 June 2025	1,720,000
	------------
Depreciation
At 1 July 2024 and 30 June 2025	–
	------------
Carrying amount
At 30 June 2025	1,720,000
	------------
At 30 June 2024	1,700,000
	------------

5. Debtors

	2025	2024
	£	£
Trade debtors	–	60,000
Other debtors	38,111	12,189
	--------	--------
	38,111	72,189
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	26,229	3,819
Other creditors	393,224	522,042
	---------	---------
	419,453	525,861
	---------	---------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	759,749	758,940
	---------	---------

8. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
T M Lazenbury Esq	3,797	( 5,821)	( 2,024)
	-------	-------	-------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
T M Lazenbury Esq	–	3,797	3,797
	----	-------	-------

9. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Lazenbury Ltd	129,443	29,926	( 303,758)	( 433,201)
Canterfield Limited	18,000	–	13,000	( 5,000)
Lazenbury Property Management Limited	–	(16,330)	( 62,441)	( 62,441)
Lazenbury Property (Bemisters & Park Parade) Limited	–	–	4,111	4,111
Lazenbury Property (Stoke Road) Limited	–	–	1,500	1,500
Lazenbury Woodland (IOW) Limited	–	–	( 3,000)	( 3,000)
Trevor Michael Lazenbury Limited	18,000	1,500	19,500	1,500
	---------	--------	---------	---------

T M Lazenbury Esq is the managing director and sole shareholder of Lazenbury Ltd. Trevor Michael Lazenbury Limited owns sixty per cent of the issued voting share capital. Mrs T Lazenbury own the remaining forty per cent of the issued voting share capital. T M Lazenbury Esq is the managing director and sole shareholder of Lazenbury Property Management Limited. T M Lazenbury Esq is the managing director and sole shareholder of Lazenbury Property (Bemisters & Park Parade) Limited. T M Lazenbury Esq is the managing director and sole shareholder of Lazenbury Woodland (IOW) Limited. T M Lazenbury Esq is the managing director and sole shareholder of Trevor Michael Lazenbury Limited.