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REGISTERED NUMBER: 07169854 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Warmingham Limited

Warmingham Limited (Registered number: 07169854)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Warmingham Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R M Warmingham
Mrs S A Warmingham
P O'Loughlin





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 07169854 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Warmingham Limited (Registered number: 07169854)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 75,000 112,500
Tangible assets 5 92,590 86,042
167,590 198,542

CURRENT ASSETS
Debtors 6 836,449 485,131
Cash at bank 488,836 335,708
1,325,285 820,839
CREDITORS
Amounts falling due within one year 7 182,427 136,562
NET CURRENT ASSETS 1,142,858 684,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,310,448

882,819

PROVISIONS FOR LIABILITIES 16,743 14,572
NET ASSETS 1,293,705 868,247

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,293,605 868,147
SHAREHOLDERS' FUNDS 1,293,705 868,247

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 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.

Warmingham Limited (Registered number: 07169854)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





P O'Loughlin - Director


Warmingham Limited (Registered number: 07169854)

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

1. STATUTORY INFORMATION

Warmingham 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of former businesses, is amortised in equal instalments over 10 years, being the directors' estimate of its useful economic life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over life of lease
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on 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.

Warmingham Limited (Registered number: 07169854)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 500,000
AMORTISATION
At 1 April 2022 387,500
Charge for year 37,500
At 31 March 2023 425,000
NET BOOK VALUE
At 31 March 2023 75,000
At 31 March 2022 112,500

Warmingham Limited (Registered number: 07169854)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 288,209
Additions 29,913
At 31 March 2023 318,122
DEPRECIATION
At 1 April 2022 202,167
Charge for year 23,365
At 31 March 2023 225,532
NET BOOK VALUE
At 31 March 2023 92,590
At 31 March 2022 86,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,565 44,425
Amounts owed by group undertakings 507,833 434,500
Directors' current accounts 300,370 -
Prepayments 7,681 6,206
836,449 485,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,530 10,900
Tax 106,949 86,768
Social security and other taxes 6,042 5,626
VAT 43,825 24,979
Other creditors 607 965
Accruals and deferred income 8,474 7,324
182,427 136,562

Warmingham Limited (Registered number: 07169854)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 17,500 17,500
Between one and five years 70,000 70,000
In more than five years 122,500 140,000
210,000 227,500

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023 P O'Loughlin and Mrs N O'Loughlin owed the company £300,370. (2022 :£Nil). During the year the company made advances totalling £300,370 The loan has no fixed repayment terms and is interest free. The maximum amount outstanding during the year was £300,370.