Webb Capital Investment Limited 11261651 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Property development managment and consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 11261651 2022-04-01 2023-03-31 11261651 2023-03-31 11261651 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2023-03-31 11261651 core:CurrentFinancialInstruments 2023-03-31 11261651 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11261651 bus:SmallEntities 2022-04-01 2023-03-31 11261651 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 11261651 bus:FullAccounts 2022-04-01 2023-03-31 11261651 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 11261651 bus:RegisteredOffice 2022-04-01 2023-03-31 11261651 bus:Director1 2022-04-01 2023-03-31 11261651 bus:Director2 2022-04-01 2023-03-31 11261651 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-04-01 2023-03-31 11261651 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11261651 bus:Agent1 2022-04-01 2023-03-31 11261651 countries:EnglandWales 2022-04-01 2023-03-31 11261651 2021-04-01 2022-03-31 11261651 2022-03-31 11261651 bus:OrdinaryShareClass1 bus:CumulativeRedeemableShares 2022-03-31 11261651 core:CurrentFinancialInstruments 2022-03-31 11261651 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11261651

Webb Capital Investment Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

image-name
 

Webb Capital Investment Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Webb Capital Investment Limited

Company Information

Directors

Mr Oliver Webb

Mrs Danielle Webb

Registered office

22 Haven Road
Poole
Dorset
BH13 7LP

Bankers

Lloyds
Chesham

Accountants

A Ferguson Associates Ltd
Accountants and Business Advisors
Alum House
5 Alum Chine Road
Bournemouth
Dorset
BH4 8DT

 

Webb Capital Investment Limited

(Registration number: 11261651)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

2,103

2,135

Cash at bank and in hand

 

21,680

36,321

 

23,783

38,456

Creditors: Amounts falling due within one year

5

(10,759)

(757)

Net assets

 

13,024

37,699

Capital and reserves

 

Called up share capital

6

200

200

Retained earnings

12,824

37,499

Shareholders' funds

 

13,024

37,699

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 November 2023 and signed on its behalf by:
 

.........................................
Mr Oliver Webb
Director

.........................................
Mrs Danielle Webb
Director

 
     
 

Webb Capital Investment Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 Haven Road
Poole
Dorset
BH13 7LP

These financial statements were authorised for issue by the Board on 28 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Webb Capital Investment Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Webb Capital Investment Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Debtors

2023
£

2022
£

Other debtors

2,103

2,109

Prepayments

-

26

2,103

2,135

 

Webb Capital Investment Limited

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

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

7

Taxation and social security

9,779

-

Accruals and deferred income

980

750

10,759

757

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

200

200

200

200