IRIS Accounts Production v23.1.0.753 09416342 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094163422022-05-31094163422023-05-31094163422022-06-012023-05-31094163422021-05-31094163422021-06-012022-05-31094163422022-05-3109416342ns15:EnglandWales2022-06-012023-05-3109416342ns14:PoundSterling2022-06-012023-05-3109416342ns10:Director12022-06-012023-05-3109416342ns10:Director22022-06-012023-05-3109416342ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3109416342ns10:SmallEntities2022-06-012023-05-3109416342ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3109416342ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3109416342ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3109416342ns10:FullAccounts2022-06-012023-05-3109416342ns10:OrdinaryShareClass12022-06-012023-05-3109416342ns10:Director32022-06-012023-05-3109416342ns10:RegisteredOffice2022-06-012023-05-3109416342ns5:CurrentFinancialInstruments2023-05-3109416342ns5:CurrentFinancialInstruments2022-05-3109416342ns5:ShareCapital2023-05-3109416342ns5:ShareCapital2022-05-3109416342ns5:SharePremium2023-05-3109416342ns5:SharePremium2022-05-3109416342ns5:CapitalRedemptionReserve2023-05-3109416342ns5:CapitalRedemptionReserve2022-05-3109416342ns5:RetainedEarningsAccumulatedLosses2023-05-3109416342ns5:RetainedEarningsAccumulatedLosses2022-05-3109416342ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3109416342ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3109416342ns5:CurrentFinancialInstruments2022-06-012023-05-3109416342ns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 09416342 (England and Wales)















WISHAW FINANCE LIMITED

Unaudited Financial Statements

for the Year Ended 31 May 2023






WISHAW FINANCE LIMITED (REGISTERED NUMBER: 09416342)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WISHAW FINANCE LIMITED

Company Information
for the year ended 31 May 2023







DIRECTORS: M J Brookes
G J Cleaver
P London





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 09416342 (England and Wales)






WISHAW FINANCE LIMITED (REGISTERED NUMBER: 09416342)

Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £   
CURRENT ASSETS
Debtors 4 4,894,142 4,942,501
Cash at bank 497,836 473,186
5,391,978 5,415,687
CREDITORS
Amounts falling due within one year 5 3,979,619 4,182,374
NET CURRENT ASSETS 1,412,359 1,233,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,412,359

1,233,313

CAPITAL AND RESERVES
Called up share capital 6 458 458
Share premium 556,418 556,418
Capital redemption reserve 663,734 458,734
Retained earnings 191,749 217,703
SHAREHOLDERS' FUNDS 1,412,359 1,233,313

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

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

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:




G J Cleaver - Director



P London - Director


WISHAW FINANCE LIMITED (REGISTERED NUMBER: 09416342)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Wishaw Finance 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.

Turnover
Turnover represents interest receivable from the provision of commercial loans which is the company's principal trading activity.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 4,742,717 4,677,326
Other debtors 151,425 265,175
4,894,142 4,942,501

Trade debtors represents loans made in the ordinary course of the company's trading activities. Such loans, whilst subject to various terms, are repayable on demand at the request of the company and are therefore classified as current assets.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade creditors 49 47
Taxation and social security 44,655 46,655
Other creditors 3,934,915 4,135,672
3,979,619 4,182,374

The company classifies its preference shares as debt as the shares can be redeemed at any time at the request of the holder.

The company has 3,916,266 (2022 : 4,121,266 ) £1 preference shares in issue. During the year 205,000 preference shares were redeemed at par.

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
458 Ordinary £1 458 458