WISTON LIMITED

WISTON LIMITED

WISTON LIMITED - Company Information

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WISTON LIMITED

Company Registration Number:
03624219 (England and Wales)

Unaudited abridged accounts for the year ended 23 March 2021

Period of accounts

Start date: 01 April 2020

End date: 23 March 2021

WISTON LIMITED

Contents of the Financial Statements

for the Period Ended 23 March 2021

Balance sheet
Notes

WISTON LIMITED

Balance sheet

As at 23 March 2021


Notes
2021
2020


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 13,068,883 13,068,883
Investments: 4 603,776 614,238
Total fixed assets: 13,672,659 13,683,121
Current assets
Debtors: 5 5,825,016 5,467,936
Cash at bank and in hand: 5,421 505
Total current assets: 5,830,437 5,468,441
Creditors: amounts falling due within one year: 6 (2,662,798) (3,050,066)
Net current assets (liabilities): 3,167,639 2,418,375
Total assets less current liabilities: 16,840,298 16,101,496
Creditors: amounts falling due after more than one year: 7 (8,797,618) (7,998,865)
Provision for liabilities: (1,066,791) (1,066,791)
Total net assets (liabilities): 6,975,889 7,035,840
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,975,789 7,035,740
Shareholders funds: 6,975,889 7,035,840

The notes form part of these financial statements

WISTON LIMITED

Balance sheet statements

For the year ending 23 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 June 2022
and signed on behalf of the board by:

Name: Shulem Berger
Status: Director

The notes form part of these financial statements

WISTON LIMITED

Notes to the Financial Statements

for the Period Ended 23 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to theCompany and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other salestaxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capableof operating in the manner intended by management.

Other accounting policies

Finance costs are charged to profit or loss over the term of the debt using the effective interestmethod so that the amount charged is at a constant rate on the carrying amount. Issue costs areinitially recognised as a reduction in the proceeds of the associated capital instrument.

WISTON LIMITED

Notes to the Financial Statements

for the Period Ended 23 March 2021

2. Employees

2021 2020
Average number of employees during the period 3 3

WISTON LIMITED

Notes to the Financial Statements

for the Period Ended 23 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 13,068,883
At 23 March 2021 13,068,883
Net book value
At 23 March 2021 13,068,883
At 31 March 2020 13,068,883

WISTON LIMITED

Notes to the Financial Statements

for the Period Ended 23 March 2021

4. Fixed investments

Cost or valuationAt 1 April 2020 614,238Movement (10,462)At 31 March 2021 603,776

WISTON LIMITED

Notes to the Financial Statements

for the Period Ended 23 March 2021

5. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

WISTON LIMITED

Notes to the Financial Statements

for the Period Ended 23 March 2021

6. Creditors: amounts falling due within one year note

Bank overdrafts 191 169Corporation tax 12,677 Other creditors 2,628,917 Accruals and deferred income 21,013 2,662,798

WISTON LIMITED

Notes to the Financial Statements

for the Period Ended 23 March 2021

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

Bank loans 8,797,618

WISTON LIMITED

Notes to the Financial Statements

for the Period Ended 23 March 2021

8. Related party transactions

Name of the related party: Shulem Berger
Relationship:
Director
Description of the Transaction: Included in other debtors are amounts totalling £1,913,339 due from companies of which Mr S Berger,the director of this company, is also a director.
£
Balance at 01 April 2020 2,111,559
Balance at 23 March 2021 1,913,339
Name of the related party: Shulem Berger
Relationship:
Director
Description of the Transaction: Included in other creditors are amounts totalling £1,471,548 due to companies of which Mr S Berger, thedirector of this company, is also a director.
£
Balance at 01 April 2020 1,293,746
Balance at 23 March 2021 1,471,548