Company No:
Contents
DIRECTORS | M W Smith |
R N Trethowan |
REGISTERED OFFICE | Lowin House |
Tregolls Road | |
Truro | |
TR1 2NA | |
United Kingdom |
COMPANY NUMBER | 04011211 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Lowin House | |
Tregolls Road | |
Truro | |
Cornwall TR1 2NA |
2023 | 2022 | |||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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40 | 40 | |||
Net current assets | 40 | 40 | ||
Total assets less current liabilities | 40 | 40 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 4 |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of May Whetter and Grose Limited (registered number:
M W Smith
Director |
R N Trethowan
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
May Whetter and Grose Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company holds the following financial instruments:
• Short term other debtors.
All financial instruments are classified as basic.
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Any long term debtors or creditors which are not subject to a market rate of interest have been discounted using an estimated market rate of base plus 5%.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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2023 | 2022 | ||
£ | £ | ||
Amounts owed by related parties |
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2023 | 2022 | ||
£ | £ | ||
Allotted, called-up and not yet paid | |||
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Transactions with owners holding a participating interest in the entity
There is an intercompany account with MWG Estates Limited, with an opening balance of £40. At the balance sheet date the amount due from MWG Estates Limited remains £40 (2022: £40).