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REGISTERED NUMBER: 06683589















Unaudited Financial Statements for the Year Ended 31 December 2022

for

WITANHURST CONSTRUCTION MANAGEMENT
LIMITED

WITANHURST CONSTRUCTION MANAGEMENT
LIMITED (REGISTERED NUMBER: 06683589)

Contents of the Financial Statements
for the year ended 31 December 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WITANHURST CONSTRUCTION MANAGEMENT
LIMITED

Company Information
for the year ended 31 December 2022







DIRECTOR: J R Hall





REGISTERED OFFICE: The Gate House
Witanhurst
41 Highgate West Hill
Highgate
London
N6 6LS





REGISTERED NUMBER: 06683589





ACCOUNTANTS: Thorne Lancaster Parker
4th Floor
Venture House
27-29 Glasshouse Street
London
W1B 5DF

WITANHURST CONSTRUCTION MANAGEMENT
LIMITED (REGISTERED NUMBER: 06683589)

Statement of Financial Position
31 December 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Debtors 3 6,360 3,512,062
Cash at bank 1,210 7,366
7,570 3,519,428
CREDITORS
Amounts falling due within one year 4 884,179 981,318
NET CURRENT (LIABILITIES)/ASSETS (876,609 ) 2,538,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

(876,609

)

2,538,110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (876,709 ) 2,538,010
SHAREHOLDERS' FUNDS (876,609 ) 2,538,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2023 and were signed by:





J R Hall - Director


WITANHURST CONSTRUCTION MANAGEMENT
LIMITED (REGISTERED NUMBER: 06683589)

Notes to the Financial Statements
for the year ended 31 December 2022


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.

Revenue recognition
Revenue represents the total amount receivable in the ordinary course of business for goods and services supplied, excluding value added tax.

Long term contracts are assessed on a contract by contract basis and reflected in the profit and loss account by recording contract revenue and contract costs by reference to the stage of completion of the contract activity at the end of the reporting period.

Financial instruments
The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments as it has only basic financial instruments.

a) Basic financial assets

Trade and other debtors, amounts owed by related undertakings and bank balances, which are due within one year are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

b) Basic financial liabilities and equity

Financial liabilities are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade creditors, and other creditors are initially recognised at transaction price and subsequently carried at amortised cost, being transaction price less any amounts settled.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Current tax
Taxation for the year comprises current and deferred tax. 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 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 statement of financial position date.


WITANHURST CONSTRUCTION MANAGEMENT
LIMITED (REGISTERED NUMBER: 06683589)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


1. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short term deposits with an original maturity date of three months or less.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 1,404,862
Amounts owed by group undertakings - 1,950,000
Other debtors 2,260 100
Tax 4,100 4,100
Prepayments and accrued income - 153,000
6,360 3,512,062

Amounts owed by related undertakings are interest free, unsecured and repayable on demand.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 719,731 809,440
Social security and other taxes - 15,678
Accruals and deferred income 164,448 156,200
884,179 981,318

WITANHURST CONSTRUCTION MANAGEMENT
LIMITED (REGISTERED NUMBER: 06683589)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


5. RELATED PARTY DISCLOSURES

Novus Finitor (UK) Limited
A company that is a subsidiary of Latymer Management Limited, of which the director J R Hall is a shareholder.

During the year the company lent Novus Finitor (UK) Limited £7,000 (2021: £16,000), received repayments of £232,000 (2021: £181,000) and made a provision of £1,725,000 (2021: £650,000). At the year end the balance owed by Novus Finitor (UK) Limited is £nil (2021:£1,950,000). The loan is interest free and repayable on demand.

Latymer Management Limited
J R Hall is a shareholder and director of Latymer Management Limited.

During the year the company lent Latymer Management Limited £442 (2021: £nil), received repayments of £40 (2021: £nil) and made a provision of £402 (2021: £nil). At the year end the balance owed by Latymer Management Limited is £nil (2021:£nil). The loan is interest free and repayable on demand.

Ridley Management Services Limited
J R Hall is a shareholder and director of Ridley Management Services Limited.

During the year the company lent Ridley Management Services Limited £100,000 (2021: £nil), received repayments of £7,200 (2021: £nil) and made a provision of £92,800 (2021: £nil). At the year end the balance owed by Ridley Management Services Limited is £nil (2021:£nil). The loan is interest free and repayable on demand.

Legal & Financial Services Limited
J R Hall is a shareholder and director of Legal & Financial Services Limited.

During the year Legal and Financial services Limited charged the company £nil (2021: £nil) for directors fees. At the year end the amount owed in respect of the above and shown within accruals is £150,000 (2021: £150,000).

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J R Hall.