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Company Registration No. 11703570 (England and Wales)
Whorlton Holdings Ltd Unaudited accounts for the year ended 30 November 2023
Whorlton Holdings Ltd Unaudited accounts Contents
Page
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Whorlton Holdings Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
250 
294 
Investment property
135,000 
100,001 
135,250 
100,295 
Current assets
Debtors
76,552 
89,977 
Cash at bank and in hand
2,044 
2,746 
78,596 
92,723 
Creditors: amounts falling due within one year
(74,346)
(81,234)
Net current assets
4,250 
11,489 
Total assets less current liabilities
139,500 
111,784 
Creditors: amounts falling due after more than one year
(33,076)
(41,460)
Provisions for liabilities
Deferred tax
(13,623)
(6,973)
Net assets
92,801 
63,351 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
92,701 
63,251 
Shareholders' funds
92,801 
63,351 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
Chris Barnfather Director Company Registration No. 11703570
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Whorlton Holdings Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Whorlton Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 11703570. The registered office is Hope Street Xchange, C/O Office 516, Sunderland, Tyne and Wear, SR1 3QD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Whorlton Holdings Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2022
368 
At 30 November 2023
368 
Depreciation
At 1 December 2022
74 
Charge for the year
44 
At 30 November 2023
118 
Net book value
At 30 November 2023
250 
At 30 November 2022
294 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
100,001 
Net gain from fair value adjustments
34,999 
At 30 November 2023
135,000 
Investment property has been valued at fair value based on estimates by the director.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
76,552 
89,977 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,117 
7,918 
Taxes and social security
268 
9,197 
Other creditors
8,412 
8,813 
Loans from directors
56,349 
53,266 
Accruals
1,200 
2,040 
74,346 
81,234 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,076 
41,460 
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Whorlton Holdings Ltd Notes to the Accounts for the year ended 30 November 2023
9
Transactions with related parties
Amount due to related party 2023- £56,349 2022- £53,266 No interest is charged on the above loan.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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