Weinland Estates Ltd - Accounts to registrar (filleted) - small 18.2

Weinland Estates Ltd - Accounts to registrar (filleted) - small 18.2

WEINLAND ESTATES LTD - Company Information

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REGISTERED NUMBER: 07220950 (England and Wales)



















WEINLAND ESTATES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019






WEINLAND ESTATES LTD (REGISTERED NUMBER: 07220950)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WEINLAND ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2019







DIRECTOR: Mr A Schlesinger





SECRETARY: Mrs R Schlesinger





REGISTERED OFFICE: 89 Ravensdale Road
London
N16 6TH





REGISTERED NUMBER: 07220950 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS
Page 1
WEINLAND ESTATES LTD (REGISTERED NUMBER: 07220950)

BALANCE SHEET
30 APRIL 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 624,360 624,360

CURRENT ASSETS
Debtors 6 13,115 10,120
Cash at bank 4,823 99
17,938 10,219
CREDITORS
Amounts falling due within one year 7 128,040 126,902
NET CURRENT LIABILITIES (110,102 ) (116,683 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
514,258
507,677

CREDITORS
Amounts falling due after more than one
year
8
(192,549
)
(200,302
)

PROVISIONS FOR LIABILITIES 10 (23,514 ) (23,514 )
NET ASSETS 298,195 283,861

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 11 196,486 196,486
Retained earnings 101,708 87,374
298,195 283,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes on pages 4 to 6 form part of these financial statements

Page 2
WEINLAND ESTATES LTD (REGISTERED NUMBER: 07220950)

BALANCE SHEET - continued
30 APRIL 2019


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 director on 22 January 2020 and were signed by:





Mr A Schlesinger - Director


The notes on pages 4 to 6 form part of these financial statements

Page 3
WEINLAND ESTATES LTD (REGISTERED NUMBER: 07220950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2019

1. STATUTORY INFORMATION

Weinland Estates 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include
investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements,
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. The estimates and underlying
assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided
in the normal course of business. The turnover of the company is represented by rents and charges
receivable in respect of the company's investment portfolio. Rental income is accounted for on an
accruals basis.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recorded 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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4
WEINLAND ESTATES LTD (REGISTERED NUMBER: 07220950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2019

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2018
and 30 April 2019 624,360
NET BOOK VALUE
At 30 April 2019 624,360
At 30 April 2018 624,360

The fair value of the investment properties has been arrived at on the basis of a valuation carried out
by the company's director who is considered to have the experience and expertise required to
undertake such an exercise. The valuation was made on an open market value basis by reference to
market evidence of transaction prices for similar properties in the same location.

The historical cost of investment properties at 30 April 2019 is £404,360.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 4,441 4,446
Other debtors 8,674 5,674
13,115 10,120

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 7,815 7,876
Taxation and social security 3,362 2,951
Other creditors 116,863 116,075
128,040 126,902

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 192,549 200,302

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments
161,289
168,798

Page 5
WEINLAND ESTATES LTD (REGISTERED NUMBER: 07220950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2019

9. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 200,364 208,178

The bank loan is secured by a legal charge over the company's investment property.

10. PROVISIONS FOR LIABILITIES
2019 2018
£    £   
Deferred tax 23,514 23,514

Deferred
tax
£   
Balance at 1 May 2018 23,514
Balance at 30 April 2019 23,514

Deferred tax arises from the revaluation of investment properties.

11. RESERVES
Fair
value
reserve
£   
At 1 May 2018
and 30 April 2019 196,486

12. RELATED PARTY DISCLOSURES

Included in other debtors are amounts aggregating £3,989 (2018: £3,989) due from related companies.

Page 6