Silverfin false false 31/07/2023 01/08/2022 31/07/2023 George Andrew Webb 09/07/2019 30 July 2024 The principal activity of the Company during the financial year was that of property development and rental. 12092757 2023-07-31 12092757 bus:Director1 2023-07-31 12092757 2022-07-31 12092757 core:CurrentFinancialInstruments 2023-07-31 12092757 core:CurrentFinancialInstruments 2022-07-31 12092757 core:Non-currentFinancialInstruments 2023-07-31 12092757 core:Non-currentFinancialInstruments 2022-07-31 12092757 core:ShareCapital 2023-07-31 12092757 core:ShareCapital 2022-07-31 12092757 core:RetainedEarningsAccumulatedLosses 2023-07-31 12092757 core:RetainedEarningsAccumulatedLosses 2022-07-31 12092757 core:LandBuildings 2022-07-31 12092757 core:LandBuildings 2023-07-31 12092757 2022-08-01 2023-07-31 12092757 bus:FilletedAccounts 2022-08-01 2023-07-31 12092757 bus:SmallEntities 2022-08-01 2023-07-31 12092757 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12092757 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12092757 bus:Director1 2022-08-01 2023-07-31 12092757 2021-08-01 2022-07-31 12092757 core:Subsidiary1 2022-08-01 2023-07-31 12092757 core:Subsidiary1 1 2022-08-01 2023-07-31 12092757 core:Subsidiary1 1 2021-08-01 2022-07-31 12092757 core:Non-currentFinancialInstruments 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure decimalUnit

Company No: 12092757 (England and Wales)

WEBB & CO (SOUTH) LIMITED

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

WEBB & CO (SOUTH) LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

WEBB & CO (SOUTH) LIMITED

BALANCE SHEET

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

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 344,729 344,729
Investments 4 100 100
344,829 344,829
Current assets
Debtors 5 74,802 76,048
Cash at bank and in hand 11,111 27,265
85,913 103,313
Creditors: amounts falling due within one year 6 ( 42,412) ( 53,437)
Net current assets 43,501 49,876
Total assets less current liabilities 388,330 394,705
Creditors: amounts falling due after more than one year 7 ( 407,669) ( 414,453)
Net liabilities ( 19,339) ( 19,748)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 19,439 ) ( 19,848 )
Total shareholder's deficit ( 19,339) ( 19,748)

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 (South) Limited (registered number: 12092757) 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 (SOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
WEBB & CO (SOUTH) 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 (South) 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 August 2022 344,729 344,729
At 31 July 2023 344,729 344,729
Accumulated depreciation
At 01 August 2022 0 0
At 31 July 2023 0 0
Net book value
At 31 July 2023 344,729 344,729
At 31 July 2022 344,729 344,729

4. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 100 100

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.07.2023
Ownership
31.07.2022
Webb & Co (Hennings) Ltd Towngate House, 2-8 Parkstone Road, Poole, Dorset, BH15 2PW Property investment Ordinary 100.00% 100.00%

5. Debtors

2023 2022
£ £
Amounts owed by related parties 74,802 76,048

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 8,832 19,061
Other taxation and social security 0 511
Other creditors 33,580 33,865
42,412 53,437

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

2023 2022
£ £
Bank loans 261,509 256,285
Other creditors 146,160 158,168
407,669 414,453

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