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REGISTERED NUMBER: 01718875 (England and Wales)














Worley Family Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Worley Family Holdings Limited (Registered number: 01718875)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Worley Family Holdings Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: John Albert Worley
Frank Bernard Worley
Elizabeth Mary Barr



SECRETARY: John Albert Worley



REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA



REGISTERED NUMBER: 01718875 (England and Wales)



ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA



BANKERS: The Co Operative Bank
Kings Valley
Yew Street
Stockport
Cheshire
SK4 2JU

Worley Family Holdings Limited (Registered number: 01718875)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 352,498 352,498
Investments 5 636 636
353,134 353,134

CURRENT ASSETS
Debtors 6 8,084 7,373
Cash at bank 7,408 5,718
15,492 13,091
CREDITORS
Amounts falling due within one year 7 19,685 14,265
NET CURRENT LIABILITIES (4,193 ) (1,174 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,941

351,960

CAPITAL AND RESERVES
Called up share capital 264,072 264,072
Retained earnings 84,869 87,888
SHAREHOLDERS' FUNDS 348,941 351,960

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

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

Worley Family Holdings Limited (Registered number: 01718875)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2024 and were signed on its behalf by:




John Albert Worley - Director



Frank Bernard Worley - Director


Worley Family Holdings Limited (Registered number: 01718875)

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

1. STATUTORY INFORMATION

Worley Family Holdings 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

Worley Family Holdings Limited (Registered number: 01718875)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 352,498
NET BOOK VALUE
At 31 December 2023 352,498
At 31 December 2022 352,498

The assets listed above are included at the 21 December 1983 valuation or subsequent cost as below

2023202220232022
CostCostValuationValuation
120 High Street, Gosport894289427500075000
3/3a West Street, Havant1121511215125000125000
14 Marmion Road, Southsea152498152498*152498*152498
172655172655352498352498

* At cost

Cost or valuation at 31 December 2023 is represented by:

Freehold
property
£   
Valuation in 1983 200,000
Cost 152,498
352,498

5. FIXED ASSET INVESTMENTS

QUOTED
2023 2022 2023 2022
Cost Cost Valuation Valuation
Consistent Unit Trust "Practical Investment
Fund Income"

36,422.31 income units 636 636 91,129 86,503
(2022: 36,422.31 income units)

636 636 91,129 86,503

Worley Family Holdings Limited (Registered number: 01718875)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,084 7,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,084 -
Taxation 11,401 13,065
Accrued expenses 1,200 1,200
19,685 14,265

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.