REGISTERED NUMBER: 11605017 (England and Wales)

M Whinney Holdings Limited

Unaudited Financial Statements

for the Year Ended 30 April 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

M P Whinney

Registered office:

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Registered number:

11605017 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Investments

4

770,000

680,000

Current assets

Debtors

5

25,722

-

Cash in hand

65

20,443

25,787

20,443

Creditors

Amounts falling due within one year

6

2,400

31,452

Net current assets/(liabilities)

23,387

(11,009

)

Total assets less current liabilities

793,387

668,991

Capital and reserves

Called up share capital

7

100

100

Retained earnings

8

793,287

668,891

Shareholders' funds

793,387

668,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2023 and were signed by:

M P Whinney - Director

1.	Statutory information

M Whinney Holdings Limited 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.	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.

Going concern

The financial statements have been prepared on a going concern basis. The director has reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans and loans from fellow affiliate companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3.	Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 May 2022

680,000

Additions

90,000

At 30 April 2023

770,000

Net book value

At 30 April 2023

770,000

At 30 April 2022

680,000

5.

Debtors: amounts falling due within one year

2023

2022

£

£

Amounts owed by group undertakings

25,722

-

6.

Creditors: amounts falling due within one year

2023

2022

£

£

Amounts owed to group undertakings

-

501

Other creditors

2,400

30,951

2,400

31,452

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

95

A Ordinary Shares

£1

95

95

5

B Ordinary Shares

£1

5

5

100

100

8.

Reserves

Retained

earnings

£

At 1 May 2022

668,891

Profit for the year

261,896

Dividends

(137,500

)

At 30 April 2023

793,287

9.	Related party disclosures

Included within other creditors is an amount of £nil (2022 - £28,551) owed to the director of the company. The loan is provided interest free and is unsecured. There are no formal terms and conditions regarding the repayment of the loan.