IRIS Accounts Production v23.1.0.753 00546373 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure005463732022-03-31005463732023-03-31005463732022-04-012023-03-31005463732021-03-31005463732021-04-012022-03-31005463732022-03-3100546373ns15:EnglandWales2022-04-012023-03-3100546373ns14:PoundSterling2022-04-012023-03-3100546373ns10:Director12022-04-012023-03-3100546373ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100546373ns10:SmallEntities2022-04-012023-03-3100546373ns10:AuditExemptWithAccountantsReport2022-04-012023-03-3100546373ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100546373ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3100546373ns10:FullAccounts2022-04-012023-03-3100546373ns10:CompanySecretary12022-04-012023-03-3100546373ns10:RegisteredOffice2022-04-012023-03-3100546373ns5:CurrentFinancialInstruments2023-03-3100546373ns5:CurrentFinancialInstruments2022-03-3100546373ns5:Non-currentFinancialInstruments2023-03-3100546373ns5:Non-currentFinancialInstruments2022-03-3100546373ns5:ShareCapital2023-03-3100546373ns5:ShareCapital2022-03-3100546373ns5:RevaluationReserve2023-03-3100546373ns5:RevaluationReserve2022-03-3100546373ns5:CapitalRedemptionReserve2023-03-3100546373ns5:CapitalRedemptionReserve2022-03-3100546373ns5:RetainedEarningsAccumulatedLosses2023-03-3100546373ns5:RetainedEarningsAccumulatedLosses2022-03-3100546373ns5:PlantMachinery2022-04-012023-03-3100546373ns5:PlantMachinery2022-03-3100546373ns5:PlantMachinery2023-03-3100546373ns5:PlantMachinery2022-03-3100546373ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100546373ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3100546373ns5:RevaluationReserve2022-03-31
REGISTERED NUMBER: 00546373 (England and Wales)















Whittaker Bros (Rugby) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Whittaker Bros (Rugby) Limited (Registered number: 00546373)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6

Report of the Accountants 7

Whittaker Bros (Rugby) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J S Whittaker





SECRETARY: J S Whittaker





REGISTERED OFFICE: Manor Farm
Sawbridge
Rugby
Warwickshire
CV23 8BB





REGISTERED NUMBER: 00546373 (England and Wales)





ACCOUNTANTS: Astute Services Ltd
44-46 Regent Street
Rugby
Warwickshire
CV21 2PS

Whittaker Bros (Rugby) Limited (Registered number: 00546373)

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,408 8,009
Investment property 5 825,000 1,865,352
831,408 1,873,361

CURRENT ASSETS
Debtors 6 - 13,350
Cash at bank 78,282 56,264
78,282 69,614
CREDITORS
Amounts falling due within one year 7 22,165 93,270
NET CURRENT ASSETS/(LIABILITIES) 56,117 (23,656 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

887,525

1,849,705

CREDITORS
Amounts falling due after more than one
year

8

60,018

468,097
NET ASSETS 827,507 1,381,608

CAPITAL AND RESERVES
Called up share capital 5,001 5,001
Revaluation reserve 9 395,011 778,539
Capital redemption reserve 81,881 81,881
Retained earnings 345,614 516,187
SHAREHOLDERS' FUNDS 827,507 1,381,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Whittaker Bros (Rugby) Limited (Registered number: 00546373)

Balance Sheet - continued
31 March 2023


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 10 November 2023 and were signed by:





J S Whittaker - Director


Whittaker Bros (Rugby) Limited (Registered number: 00546373)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Whittaker Bros (Rugby) 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

Whittaker Bros (Rugby) Limited (Registered number: 00546373)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 141,546
DEPRECIATION
At 1 April 2022 133,537
Charge for year 1,601
At 31 March 2023 135,138
NET BOOK VALUE
At 31 March 2023 6,408
At 31 March 2022 8,009

On reclassification depreciation has been reversed to the profit or loss account.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,865,352
Disposals (1,513,220 )
Revaluations 472,868
At 31 March 2023 825,000
NET BOOK VALUE
At 31 March 2023 825,000
At 31 March 2022 1,865,352

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 395,011
Cost 429,989
825,000

If the properties had not been revalued it would have been included at the following historical cost:

31/3/23 31/3/22
£    £   
Cost 429,989 1,086,813

The properties were valued on an open market basis on 30 September 2022 by the directors of the company .

Whittaker Bros (Rugby) Limited (Registered number: 00546373)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Other debtors - 13,350

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts - 30,775
Taxation and social security 12,165 31,154
Other creditors 10,000 31,341
22,165 93,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 60,018 468,097

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 60,018 468,097

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 778,539
Investment property (383,528 )

At 31 March 2023 395,011

Whittaker Bros (Rugby) Limited

Report of the Accountants to the Director of
Whittaker Bros (Rugby) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Astute Services Ltd
44-46 Regent Street
Rugby
Warwickshire
CV21 2PS


Date: .............................................