Whithaven Investments Limited |
Registered number: |
04760165 |
Director's Report |
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The director presents his report and accounts for the period ended 31 December 2023. |
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Principal activities |
The company's principal activity during the period continued to be the holding of one investment. The company did not trade during the period, or subsequent to the period end. After the period end, the 100% subsidiary company entered into liquidation, and Whithaven Investments Limited will apply for a voluntary strike off in due course. |
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Directors |
The following persons served as directors during the period: |
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J H Margolis |
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 21 August 2024 and signed on its behalf. |
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J H Margolis |
Director |
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Whithaven Investments Limited |
Notes to the Accounts |
for the period from 1 July 2022 to 31 December 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). Consolidation: The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by Section 398 of the Companies Act 2006 not to prepare group accounts. |
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Turnover |
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The company does not trade and has no turnover. It received no investment income in the current period or preceding year. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. The company holds 100% of the share capital of Spring Personal Loans Limited, a private UK company. The investment cost is £100 and this has been written down to £0. Spring Personal Loans Limited entered into voluntary liquidation on 20 June 2024 and a Liquidator was appointed. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 July 2022 |
1 |
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Revaluation |
(1) |
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At 31 December 2023 |
- |
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4 |
Investments held as current assets |
2023 |
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2022 |
£ |
£ |
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Fair value |
- |
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1 |
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Increase/(decrease) in fair value included in the profit and loss account for the period |
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Unlisted investments |
(1) |
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- |
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5 |
Events after the reporting date |
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After the year end, the 100% subsidiary company entered into liquidation, and Whithaven Investments Limited will apply for a voluntary strike off in due course. |
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6 |
Related party transactions |
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The company does not have a bank account nor any settled funds and therefore its only expense, being the accountancy fee, was met by its subsidiary undertaking, Spring Personal Loans Limited. |
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7 |
Controlling party |
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There is no ultimate controlling party of the company. |
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8 |
Other information |
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Whithaven Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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C/O Spring Finance Limited |
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3 Theobald Court |
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Theobald Street |
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Borehamwood |
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Herts. WD6 4RN |