Accounts filed on 30-11-2022

Accounts filed on 30-11-2022

WINTERHALL ESTATES LTD - Company Information

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Registered number: 05852073
Winterhall Estates Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2022
Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
Winterhall Estates Limited
ACCOUNTS
FOR THE YEAR ENDED 30/11/2022
DIRECTORS
Elizabeth Engzweig
Zalman Horowitz
SECRETARY
Elizabeth Engzweig
REGISTERED OFFICE
123 Clapton Common
Stamford Hill
London
E5 9AB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05852073
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
Winterhall Estates Limited
ACCOUNTS
FOR THEYEARENDED30/11/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Winterhall Estates Limited
BALANCE SHEET AT 30/11/2022
20222021
Notes££
FIXED ASSETS
Tangible assets4,783,0934,783,093
Investment Assets266
4,783,0994,783,099
CURRENT ASSETS
Debtors4221,820221,820
Cash at bank and in hand238,04663,968
459,866285,788
CREDITORS: Amounts falling due within one year586,601272,017
NET CURRENT ASSETS373,26513,771
TOTAL ASSETS LESS CURRENT LIABILITIES5,156,3644,796,870
CREDITORS: Amounts falling due after more than one year62,639,4512,403,269
PROVISIONS FOR LIABILITIES AND CHARGES8293,650293,650
NET ASSETS2,223,2632,099,951
CAPITAL AND RESERVES
Called up share capital944
Profit and loss account2,223,2592,099,947
SHAREHOLDERS' FUNDS2,223,2632,099,951
Winterhall Estates Limited
BALANCE SHEET AT 30/11/2022
For the year ending 30/11/2022 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/01/2023 and signed on their behalf by
.............................
Zalman Horowitz
Director
.............................
Elizabeth Engzweig
Director
Winterhall Estates Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1d. Property Provisions
Where properties are no longer utilised in the business a provision is recorded if the future expected cash outflows exceed any inflow from rental income The provision is discounted in line with the requirements of FRS12.
1e. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
Winterhall Estates Limited
2. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/12/202166
At 30/11/202266
Amortisation
Net Book Amounts
At 30/11/202266
At 30/11/202166
Investments represents 100% of the called up share capital of Links Gardens Development Limited (company number 11576563) and 100% of the called up share capital of Torridon Road Developments Limited (company number 11075969).
For the year ended 30 November 2022, Links Gardens Development Limited was dormant and made neither profit nor loss and its net assets at that date were £2 (2021: £2). For the year ended 30 November 2022, Torridon Road Developments Limited was dormant and made neither profit nor loss and its net assets at that date were £4 (2021: £4).
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/12/20214,783,0934,783,093
At 30/11/20224,783,0934,783,093
4. DEBTORS 20222021
££
Amounts falling due within one year
Amounts due from group companies221,820221,820
221,820221,820
Winterhall Estates Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax28,92523,254
Bank Loan4,2004,200
Mortgage39,00070,000
Other creditors1,251149,713
Accruals13,22524,850
86,601272,017
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Bank loans (unsecured) >1yr36,51441,943
Bank loans (secured) >1yr2,602,9372,361,326
2,639,4512,403,269
Creditors includes amounts totalling £2,641,938 (2021: £2,431,327), of which £39,000 (2021: £70,000) is due in less than one year, which are secured by fixed charges over the company's investment properties.
7. EMPLOYEES
20222021
No.No.
Average number of employees--
8. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation293,650293,650
293,650293,650
Winterhall Estates Limited
9. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44
10. CONTROLLING PARTY
The company is controlled by E. Endzweig, a director, and N. Horowitz, the spouse of a director, by virtue of the fact that, together, they own 100% of the company's issued and called up, voting share capital.
11. RELATED PARTY TRANSACTIONS
During the year, certain loans were advanced to the company by the directors, E. Endzweig and Z. Horowitz. The loans are interest free and repayable on demand. At the year end, the balance due to the directors totalled £1,251 (2021: £9,713).