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COMPANY REGISTRATION NUMBER: 07909534
The Whitchaff Limited
Filleted Unaudited Financial Statements
31 March 2023
The Whitchaff Limited
Financial Statements
Year ended 31 March 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
The Whitchaff Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Current assets
Debtors
4
101,000
110,205
Cash at bank and in hand
44
16,934
---------
---------
101,044
127,139
Creditors: amounts falling due within one year
5
357
300
---------
---------
Net current assets
100,687
126,839
---------
---------
Total assets less current liabilities
100,687
126,839
---------
---------
Net assets
100,687
126,839
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
100,587
126,739
---------
---------
Shareholders funds
100,687
126,839
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 October 2023 , and are signed on behalf of the board by:
Mr R Bevan
Director
Company registration number: 07909534
The Whitchaff Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The Whitchaff Limited is a private company limited by shares, registered in the United Kingdom number 07909534 . Its registered office is 4 Swinshaw Cottages, Crawshawbooth, Rossendale, Lancashire,BB4 8RA. The company is dormant having ceased to trade in March 2020.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
101,000
101,000
Other debtors
9,205
---------
---------
101,000
110,205
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
357
300
----
----
6. Directors' advances, credits and guarantees
During the year the company provided a loan to Swinshaw Properties Limited, a company which Mr R Bevan is a director and shareholder. The balance outstanding at the year end was £101,000 (2022: £101,000).