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Registration number: 04190521

Whitwood House Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 April 2023 to 31 December 2023

 

Whitwood House Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Whitwood House Limited

Company Information

Director

Mrs J Hussey

Company secretary

Mr N Hussey

Registered office

35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

 

Whitwood House Limited

(Registration number: 04190521)
Balance Sheet as at 31 December 2023

Note

2023
£

2023
£

Fixed assets

 

Tangible assets

4

23,948

21,900

Current assets

 

Debtors

5

61,000

-

Cash at bank and in hand

 

82,636

162,747

 

143,636

162,747

Creditors: Amounts falling due within one year

6

(65,000)

(54,986)

Net current assets

 

78,636

107,761

Total assets less current liabilities

 

102,584

129,661

Creditors: Amounts falling due after more than one year

6

(15,162)

(22,500)

Net assets

 

87,422

107,161

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

87,420

107,159

Shareholders' funds

 

87,422

107,161

For the financial period ending 31 December 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 members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 1 August 2024
 

 

Whitwood House Limited

(Registration number: 04190521)
Balance Sheet as at 31 December 2023

.........................................
Mrs J Hussey
Director

 

Whitwood House Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

These financial statements were authorised for issue by the director on 1 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Whitwood House Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

15% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Whitwood House Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 45 (2023 - 48).

 

Whitwood House Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

6,759

19,658

44,321

70,738

Additions

-

-

3,655

3,655

At 31 December 2023

6,759

19,658

47,976

74,393

Depreciation

At 1 April 2023

-

19,036

29,802

48,838

Charge for the period

-

155

1,452

1,607

At 31 December 2023

-

19,191

31,254

50,445

Carrying amount

At 31 December 2023

6,759

467

16,722

23,948

At 31 March 2023

6,759

622

14,519

21,900

Included within the net book value of land and buildings above is £6,759 (2023 - £6,759) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2023
£

Other debtors

61,000

-

 

Whitwood House Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2023
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Trade creditors

 

2,781

4,957

Taxation and social security

 

49,575

36,632

Accruals and deferred income

 

2,518

2,464

Other creditors

 

126

933

 

65,000

54,986

Creditors: amounts falling due after more than one year

Note

2023
£

2023
£

Due after one year

 

Loans and borrowings

8

15,162

22,500

7

Share capital

Allotted, called up and fully paid shares

 

2023

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

         

8

Loans and borrowings

2023
£

2023
£

Non-current loans and borrowings

Bank borrowings

15,162

22,500

 

Whitwood House Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 31 December 2023

2023
£

2023
£

Current loans and borrowings

Bank borrowings

10,000

10,000