IRIS Accounts Production v23.4.0.336 13533460 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135334602022-07-31135334602023-07-31135334602022-08-012023-07-31135334602021-07-26135334602021-07-272022-07-31135334602022-07-3113533460ns15:EnglandWales2022-08-012023-07-3113533460ns14:PoundSterling2022-08-012023-07-3113533460ns10:Director12022-08-012023-07-3113533460ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3113533460ns10:SmallEntities2022-08-012023-07-3113533460ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3113533460ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3113533460ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3113533460ns10:FullAccounts2022-08-012023-07-3113533460ns10:Director22022-08-012023-07-3113533460ns10:RegisteredOffice2022-08-012023-07-3113533460ns5:CurrentFinancialInstruments2023-07-3113533460ns5:CurrentFinancialInstruments2022-07-3113533460ns5:Non-currentFinancialInstruments2023-07-3113533460ns5:Non-currentFinancialInstruments2022-07-3113533460ns5:ShareCapital2023-07-3113533460ns5:ShareCapital2022-07-3113533460ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3113533460ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-3113533460ns5:RetainedEarningsAccumulatedLosses2023-07-3113533460ns5:RetainedEarningsAccumulatedLosses2022-07-3113533460ns5:FurnitureFittings2022-07-3113533460ns5:FurnitureFittings2022-08-012023-07-3113533460ns5:FurnitureFittings2023-07-3113533460ns5:FurnitureFittings2022-07-3113533460ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3113533460ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 13533460 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WITBY INVESTMENTS LTD

WITBY INVESTMENTS LTD (REGISTERED NUMBER: 13533460)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WITBY INVESTMENTS LTD

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: P J Bygrave
T P Witt





REGISTERED OFFICE: 25-29 Sandy Way
Yeadon
Leeds
West Yorkshire
LS19 7EW





REGISTERED NUMBER: 13533460 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

WITBY INVESTMENTS LTD (REGISTERED NUMBER: 13533460)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,051 4,978
Investment property 5 1,011,000 420,459
1,020,051 425,437

CURRENT ASSETS
Debtors 6 109,042 8,997
Cash at bank 10,075 43,188
119,117 52,185
CREDITORS
Amounts falling due within one year 7 221,799 345,790
NET CURRENT LIABILITIES (102,682 ) (293,605 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,369

131,832

CREDITORS
Amounts falling due after more than one
year

8

636,300

154,000
NET ASSETS/(LIABILITIES) 281,069 (22,168 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 364,713 -
Retained earnings (83,744 ) (22,268 )
SHAREHOLDERS' FUNDS 281,069 (22,168 )

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

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

WITBY INVESTMENTS LTD (REGISTERED NUMBER: 13533460)

BALANCE SHEET - continued
31 July 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 12 March 2024 and were signed on its behalf by:





P J Bygrave - Director


WITBY INVESTMENTS LTD (REGISTERED NUMBER: 13533460)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Witby Investments Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 3 (2022 - 2 ) .

WITBY INVESTMENTS LTD (REGISTERED NUMBER: 13533460)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022 5,856
Additions 5,671
At 31 July 2023 11,527
DEPRECIATION
At 1 August 2022 878
Charge for year 1,598
At 31 July 2023 2,476
NET BOOK VALUE
At 31 July 2023 9,051
At 31 July 2022 4,978

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 420,459
Additions 225,828
Revaluations 364,713
At 31 July 2023 1,011,000
NET BOOK VALUE
At 31 July 2023 1,011,000
At 31 July 2022 420,459

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 420,459
Valuation in 2023 590,541
1,011,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,373 625
Amounts owed by joint ventures 107,369 -
Other debtors 300 8,372
109,042 8,997

WITBY INVESTMENTS LTD (REGISTERED NUMBER: 13533460)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,043 108,640
Amounts owed to joint ventures 169,953 92,900
Taxation and social security 40 -
Other creditors 50,763 144,250
221,799 345,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 636,300 154,000

9. RESERVES
Fair
value
reserve
£   
Revaluations 364,713

At 31 July 2023 364,713