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REGISTERED NUMBER: 08486889 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WHITHAM GROUP LTD

WHITHAM GROUP LTD (REGISTERED NUMBER: 08486889)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WHITHAM GROUP LTD

COMPANY INFORMATION
for the Year Ended 28 February 2023







DIRECTORS: B T E Smart
N Walton





REGISTERED OFFICE: 70 Stakehill Industrial Estate
Whitbrook Way
Middleton
Manchester
Greater Manchester
M24 2SS





REGISTERED NUMBER: 08486889 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

WHITHAM GROUP LTD (REGISTERED NUMBER: 08486889)

STATEMENT OF FINANCIAL POSITION
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,341,385 2,341,385

CURRENT ASSETS
Cash at bank 450 455

CREDITORS
Amounts falling due within one year 5 4,500 4,500
NET CURRENT LIABILITIES (4,050 ) (4,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,337,335

2,337,340

CREDITORS
Amounts falling due after more than one
year

6

2,140,102

2,123,602
NET ASSETS 197,233 213,738

CAPITAL AND RESERVES
Called up share capital 2,500 2,500
Retained earnings 194,733 211,238
SHAREHOLDERS' FUNDS 197,233 213,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WHITHAM GROUP LTD (REGISTERED NUMBER: 08486889)

STATEMENT OF FINANCIAL POSITION - continued
28 February 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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





B T E Smart - Director


WHITHAM GROUP LTD (REGISTERED NUMBER: 08486889)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Whitham Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company is reliant on the support of its directors, fellow group company, and long term financiers all of whom have indicated their ongoing support to the business hence it has been deemed appropriate to adopt the going concern basis when preparing the accounts.

Preparation of consolidated financial statements
The financial statements contain information about Whitham Group Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

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

WHITHAM GROUP LTD (REGISTERED NUMBER: 08486889)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 2,341,385
NET BOOK VALUE
At 28 February 2023 2,341,385
At 28 February 2022 2,341,385

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 4,500 4,500

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,940,102 1,923,602
Other creditors 200,000 200,000
2,140,102 2,123,602

7. ULTIMATE CONTROLLING PARTY

At the financial year-end the company was controlled by Mr B Smart, by means of his shareholding in the ultimate parent company, WICB Holdings Limited.