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Registered number: 08313425
White Mountain Ventures Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2023
Passman Leonard Associates Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08313425
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27 35
27 35
CURRENT ASSETS
Cash at bank and in hand 499 9
499 9
Creditors: Amounts Falling Due Within One Year 5 (87,067 ) (84,168 )
NET CURRENT ASSETS (LIABILITIES) (86,568 ) (84,159 )
TOTAL ASSETS LESS CURRENT LIABILITIES (86,541 ) (84,124 )
Creditors: Amounts Falling Due After More Than One Year 6 (38,747 ) (38,827 )
NET LIABILITIES (125,288 ) (122,951 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account (125,289 ) (122,952 )
SHAREHOLDERS' FUNDS (125,288) (122,951)
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Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs F Call
Director
30 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
White Mountain Ventures Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08313425 . The registered office is Zeeland, Cadogan Pier, Chelsea Embankment, London, SW3 5RT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 December 2022 652
As at 30 November 2023 652
Depreciation
As at 1 December 2022 617
Provided during the period 8
As at 30 November 2023 625
Net Book Value
As at 30 November 2023 27
As at 1 December 2022 35
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5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 6,210 6,213
Other creditors 782 150
Accruals 780 780
Directors' loan accounts 79,295 77,025
87,067 84,168
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 38,747 38,827
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Mrs F Call by virtue of her ownership of 100% of the issued share capital in the company.
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