REGISTERED NUMBER: |
WISHAW FINANCE LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 May 2023 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
WISHAW FINANCE LIMITED (REGISTERED NUMBER: 09416342) |
Balance Sheet |
31 May 2023 |
31/5/23 | 31/5/22 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Share premium |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Other debtors |
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 |
Taxation and social security |
Other creditors |
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: | £ | £ |
Ordinary | £1 | 458 | 458 |