Wimborne Estates Limited - Accounts to registrar (filleted) - small 18.2

WIMBORNE ESTATES LIMITED

Financial Statements

for the Year Ended 31 May 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

C N Wimborne

D C Wimborne

Secretary:

D C Wimborne

Registered office:

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Registered number:

00638409

Accountants:

Haines Watts

Chartered Accountants

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Investments

3

1

-

Current assets

Debtors

4

-

30,000

Cash at bank

385,232

497

385,232

30,497

Creditors

Amounts falling due within one year

5

360,631

9,600

Net current assets

24,601

20,897

Total assets less current liabilities

24,602

20,897

Capital and reserves

Called up share capital

6

1,500

1,500

Retained earnings

7

23,102

19,397

Shareholders' funds

24,602

20,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2022 and were signed on its behalf by:

C N Wimborne - Director

1.	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 comprises revenue recognised by the company in respect of services supplied during the year, exclusive of Value Added Tax.

Investments in associates

Investments in associate undertakings are recognised at cost.

2.	Employees and directors

The average number of employees during the year was 2 (2020 - 2 ) .

3.	Fixed asset investments

Interest in

associate

£

Cost

Additions

1

At 31 May 2021

1

Net book value

At 31 May 2021

1

4.

Debtors: amounts falling due within one year

2021

2020

£

£

Other debtors

-

30,000

5.

Creditors: amounts falling due within one year

2021

2020

£

£

Other creditors

360,631

9,600

Redemption (with no specific date) of preference shares is at the company's option. The holders of the shares upon liquidation have a right for the return of capital together with the accumulated dividends to the date of repayment.

6.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

20,000

Deferred ordinary

5p

1,000

1,000

10,000

Preferred ordinary

5p

500

500

1,500

1,500

7.

Reserves

Retained

earnings

£

At 1 June 2020

19,397

Profit for the year

4,177

Dividends

(472

)

At 31 May 2021

23,102

8.	Related party disclosures

At the balance sheet date, the company owed £351,000 (2020: £30,000 debtor) to related companies under common ownership.