WINSOR ESTATES LIMITED 31/08/2019 iXBRL

WINSOR ESTATES LIMITED 31/08/2019 iXBRL

WINSOR ESTATES LIMITED - Company Information

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31/08/2019 2019-08-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-09-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 02004748 2018-09-01 2019-08-31 02004748 2019-08-31 02004748 2018-08-31 02004748 2017-09-01 2018-08-31 02004748 2018-08-31 02004748 core:FurnitureFittingsToolsEquipment 2018-09-01 2019-08-31 02004748 bus:Director1 2018-09-01 2019-08-31 02004748 core:FurnitureFittingsToolsEquipment 2018-08-31 02004748 core:LandBuildings core:OwnedOrFreeholdAssets 2019-08-31 02004748 core:LandBuildings core:ShortLeaseholdAssets 2019-08-31 02004748 core:FurnitureFittingsToolsEquipment 2019-08-31 02004748 core:WithinOneYear 2019-08-31 02004748 core:WithinOneYear 2018-08-31 02004748 core:ShareCapital 2019-08-31 02004748 core:ShareCapital 2018-08-31 02004748 core:RetainedEarningsAccumulatedLosses 2019-08-31 02004748 core:RetainedEarningsAccumulatedLosses 2018-08-31 02004748 core:LandBuildings core:OwnedOrFreeholdAssets 2018-08-31 02004748 core:LandBuildings core:ShortLeaseholdAssets 2018-08-31 02004748 core:FurnitureFittingsToolsEquipment 2018-08-31 02004748 bus:SmallEntities 2018-09-01 2019-08-31 02004748 bus:AuditExempt-NoAccountantsReport 2018-09-01 2019-08-31 02004748 bus:FullAccounts 2018-09-01 2019-08-31 02004748 bus:SmallCompaniesRegimeForAccounts 2018-09-01 2019-08-31 02004748 bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31
Company registration number: 02004748
WINSOR ESTATES LIMITED
Unaudited filleted financial statements
31 August 2019
WINSOR ESTATES LIMITED
Contents
Statement of financial position
Notes to the financial statements
WINSOR ESTATES LIMITED
Statement of financial position
31 August 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 5 760,758 761,333
_______ _______
760,758 761,333
Current assets
Debtors 6 1,506 1,416
Cash at bank and in hand 18,070 26,107
_______ _______
19,576 27,523
Creditors: amounts falling due
within one year 7 ( 39,863) ( 38,260)
_______ _______
Net current liabilities ( 20,287) ( 10,737)
_______ _______
Total assets less current liabilities 740,471 750,596
Provisions for liabilities ( 619) ( 752)
_______ _______
Net assets 739,852 749,844
_______ _______
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 729,852 739,844
_______ _______
Shareholders funds 739,852 749,844
_______ _______
For the year ending 31 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with 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 income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 September 2019 , and are signed on behalf of the board by:
Mr J.D. Petchell
Director
Company registration number: 02004748
WINSOR ESTATES LIMITED
Notes to the financial statements
Year ended 31 August 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Old Mill Park, Louth, Lincolnshire, LN11 0NY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the rents received during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2018: 2 ).
5. Tangible assets
Freehold property Short leasehold property Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 September 2018 and 31 August 2019 750,000 7,500 12,300 769,800
_______ _______ _______ _______
Depreciation
At 1 September 2018 - - 8,467 8,467
Charge for the year - - 575 575
_______ _______ _______ _______
At 31 August 2019 - - 9,042 9,042
_______ _______ _______ _______
Carrying amount
At 31 August 2019 750,000 7,500 3,258 760,758
_______ _______ _______ _______
At 31 August 2018 750,000 7,500 3,833 761,333
_______ _______ _______ _______
6. Debtors
2019 2018
£ £
Other debtors 1,506 1,416
_______ _______
7. Creditors: amounts falling due within one year
2019 2018
£ £
Corporation tax 7,612 9,056
Social security and other taxes 121 130
Other creditors 32,130 29,074
_______ _______
39,863 38,260
_______ _______