REGISTERED NUMBER: 10998399 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Winkfield Park Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R E C Wilson

R D King

REGISTERED OFFICE:

Estate Office Lowesby Hall

Lowesby

Leicester

Leicestershire

LE7 9DD

REGISTERED NUMBER:

10998399 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

3,995

5,327

CURRENT ASSETS

Stocks

4,462,712

6,477,382

Debtors

5

16,468

10,273

Cash at bank

984,453

978,113

5,463,633

7,465,768

CREDITORS

Amounts falling due within one year

6

3,075,802

5,349,653

NET CURRENT ASSETS

2,387,831

2,116,115

TOTAL ASSETS LESS CURRENT LIABILITIES

2,391,826

2,121,442

CREDITORS

Amounts falling due after more than one year

7

2,156,970

2,088,717

NET ASSETS

234,856

32,725

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

234,756

32,625

234,856

32,725

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 profit or loss 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

R E C Wilson - Director

1.	STATUTORY INFORMATION

Winkfield Park Developments 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.

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.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover and profit on sales of residential properties are included within the financial statements where legal completion has taken place by the end of the financial period.

Turnover and profit in relation to development contracts are recognised where the profitable outcome of the contract can be assessed with reasonable certainty. The turnover and profit recognised reflects that part of the total turnover and profit currently estimated to arise over the duration of the contract that fairly represents the turnover and profit attributable to work performed at the accounting date. Full provision is made for losses on all contracts in the period in which they are first forseen.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Stocks

The cost of work in progress includes direct costs. Where necessary, provisions are made against work in progress to value it at the lower of cost and net realisable value. Net realisable value is based on normal selling prices less further costs expected to be incurred on completion and disposal.

Investments in sites where planning has not yet been granted are initially included at cost. Regular reviews for impairment are performed considered the existing use value of the site and the likelihood of obtaining planning permission. Provisions are made against cost where necessary.

Direct pre-development costs have been recognised as an asset in stocks and work in progress. Where is a probable that the site will be developed and provided that in accordance with FRS102, such costs meet the definition of an asset. Such costs are reviewed regularly for evidence of impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

and 31 December 2025

22,450

DEPRECIATION

At 1 January 2025

17,123

Charge for year

1,332

At 31 December 2025

18,455

NET BOOK VALUE

At 31 December 2025

3,995

At 31 December 2024

5,327

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,928

-

Other debtors

11,921

4,162

Prepayments and accrued income

619

6,111

16,468

10,273

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

110,041

22,180

Tax

17,304

38,269

Amounts owed to group undertakings

2,881,112

5,234,543

Accruals and deferred income

67,345

54,661

3,075,802

5,349,653

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

1,646,995

1,578,742

Other creditors

509,975

509,975

2,156,970

2,088,717

8.	RELATED PARTY DISCLOSURES

During the year the company incurred construction and development costs of £187,429 (2024: £311,846) from a group company. These amounts have been recognised within stocks and work in progress. Winkfield Park Developments received loans from a group company in prior years. At the year end £2,881,112 (2024: £5,234,543) was outstanding.

Interest has been charged during the period of £68,253 (2024: £199,019). £1,646,995 (2024: £1,578,742) of interest remains outstanding at the year end. Interest is charged at a rate of base plus 4% on part of the loan. Interest has been charged at 5.5% on a compound basis on the balance. £5,035,710 of the loan is due to be repaid on the earlier of 13 months from the date of a repayment notice or on practical completion of the development. The remaining element of the loan is repayable on demand and does not attract any interest.

At the year end the company owed a director £509,975 (2024: £509,975) relating to loans made in prior years.