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REGISTERED NUMBER: 02845792 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Whitearrow Associates Limited

Whitearrow Associates Limited (Registered number: 02845792)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Whitearrow Associates Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: R D Masters





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 02845792 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Whitearrow Associates Limited (Registered number: 02845792)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 153,776 177,028

CURRENT ASSETS
Stocks 799,010 1,080,094
Debtors 6 385,214 320,982
Cash at bank 6,751 5,773
1,190,975 1,406,849
CREDITORS
Amounts falling due within one year 7 1,192,555 1,316,955
NET CURRENT (LIABILITIES)/ASSETS (1,580 ) 89,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,196

266,922

CREDITORS
Amounts falling due after more than one
year

8

100,044

128,033
NET ASSETS 52,152 138,889

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 52,050 138,787
SHAREHOLDERS' FUNDS 52,152 138,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Whitearrow Associates Limited (Registered number: 02845792)

Balance Sheet - continued
31 August 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 director and authorised for issue on 16 August 2024 and were signed by:





R D Masters - Director


Whitearrow Associates Limited (Registered number: 02845792)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Whitearrow Associates Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Short leasehold - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Whitearrow Associates Limited (Registered number: 02845792)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 September 2022 4,740 180,228 3,929
Additions - 542 -
At 31 August 2023 4,740 180,770 3,929
DEPRECIATION
At 1 September 2022 664 21,925 3,929
Charge for year 94 16,879 -
At 31 August 2023 758 38,804 3,929
NET BOOK VALUE
At 31 August 2023 3,982 141,966 -
At 31 August 2022 4,076 158,303 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 38,370 3,072 230,339
Additions - - 542
At 31 August 2023 38,370 3,072 230,881
DEPRECIATION
At 1 September 2022 23,854 2,939 53,311
Charge for year 6,688 133 23,794
At 31 August 2023 30,542 3,072 77,105
NET BOOK VALUE
At 31 August 2023 7,828 - 153,776
At 31 August 2022 14,516 133 177,028

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Other debtors 385,214 320,982

Whitearrow Associates Limited (Registered number: 02845792)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 27,556 27,308
Trade creditors 2,179 4,827
Taxation and social security 18,232 19,240
Other creditors 1,144,588 1,265,580
1,192,555 1,316,955

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans 100,044 128,033

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years
by installments 29,490 47,263
29,490 47,263

9. SECURED DEBTS

Bank loans totalling £117,263 (2021: £261,364) are secured by a fixed and floating charge on the assets of the company.

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £909,100 (2022: £1,129,169).

Other debtors include the sum of £261,119 (2022: £191,118) owed by companies under common control or where the director has an interest.

Other creditors include the sum of £232,889 (2022: £133,811) owed to companies under common control or where the director has an interest.

During the year management fees of £70,000 (2022: £70,000) were charged to companies under common control or where the director has an interest.

11. ULTIMATE CONTROLLING PARTY

The controlling party is R D Masters.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Whitearrow Associates Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whitearrow Associates Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Whitearrow Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Whitearrow Associates Limited and state those matters that we have agreed to state to the director of Whitearrow Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitearrow Associates Limited and its director for our work or for this report.

It is your duty to ensure that Whitearrow Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Whitearrow Associates Limited. You consider that Whitearrow Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Whitearrow Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


16 August 2024