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Company No: 13001125 (England and Wales)

WEBB & CO (HENNINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

WEBB & CO (HENNINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

WEBB & CO (HENNINGS) LIMITED

BALANCE SHEET

As at 31 July 2023
WEBB & CO (HENNINGS) LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 321,072 321,072
321,072 321,072
Current assets
Cash at bank and in hand 703 952
703 952
Creditors: amounts falling due within one year 4 ( 1,020) ( 1,800)
Net current liabilities (317) (848)
Total assets less current liabilities 320,755 320,224
Creditors: amounts falling due after more than one year 5 ( 315,787) ( 317,033)
Net assets 4,968 3,191
Capital and reserves
Called-up share capital 100 100
Profit and loss account 4,868 3,091
Total shareholder's funds 4,968 3,191

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Webb & Co (Hennings) Limited (registered number: 13001125) were approved and authorised for issue by the Director on 30 July 2024. They were signed on its behalf by:

George Andrew Webb
Director
WEBB & CO (HENNINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
WEBB & CO (HENNINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

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.

General information and basis of accounting

Webb & Co (Hennings) 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated gross of VAT, revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 August 2022 321,072 321,072
At 31 July 2023 321,072 321,072
Accumulated depreciation
At 01 August 2022 0 0
At 31 July 2023 0 0
Net book value
At 31 July 2023 321,072 321,072
At 31 July 2022 321,072 321,072

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 1,020 1,800

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 240,984 240,984
Amounts owed to related parties 74,803 76,049
315,787 317,033

There are no amounts included above in respect of which any security has been given by the small entity.

6. Ultimate controlling party

Parent Company:

Webb & Co (South) Ltd, who owns 100% of the share capital of the company.