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REGISTERED NUMBER: 12320168 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

WBA HYTHE LIMITED

WBA HYTHE LIMITED (REGISTERED NUMBER: 12320168)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WBA HYTHE LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2023







DIRECTORS: A Allsop
S Budden
J Walker





REGISTERED OFFICE: 27 Barnmead Road
Beckenham
Kent
BR3 1JF





REGISTERED NUMBER: 12320168 (England and Wales)





ACCOUNTANTS: Redfin Management Limited
111 Charterhouse Street
Farringdon
London
EC1M 6AW

WBA HYTHE LIMITED (REGISTERED NUMBER: 12320168)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,416
Investment property 5 841,500 841,500
841,500 842,916

CURRENT ASSETS
Debtors 6 38,534 15,541
Cash at bank and in hand 1,998,087 1,977,484
2,036,621 1,993,025
CREDITORS
Amounts falling due within one year 7 1,996,217 1,992,116
NET CURRENT ASSETS 40,404 909
TOTAL ASSETS LESS CURRENT
LIABILITIES

881,904

843,825

PROVISIONS FOR LIABILITIES 18,750 18,750
NET ASSETS 863,154 825,075

CAPITAL AND RESERVES
Called up share capital 3 3
Fair value reserve 8 796,250 796,250
Retained earnings 66,901 28,822
863,154 825,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WBA HYTHE LIMITED (REGISTERED NUMBER: 12320168)

BALANCE SHEET - continued
30 November 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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:




A Allsop - Director S Budden - Director




J Walker - Director


WBA HYTHE LIMITED (REGISTERED NUMBER: 12320168)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2023


1. STATUTORY INFORMATION

WBA Hythe 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Plant and machinery etc - 50% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

WBA HYTHE LIMITED (REGISTERED NUMBER: 12320168)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 1,699
Disposals (1,699 )
At 30 November 2023 -
DEPRECIATION
At 1 December 2022 283
Eliminated on disposal (283 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 1,416

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 841,500
NET BOOK VALUE
At 30 November 2023 841,500
At 30 November 2022 841,500

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2021 740,000
Valuation in 2022 75,000
Cost 26,500
841,500

The property was professionally valued on 3 August 2023 at £815,000.

WBA HYTHE LIMITED (REGISTERED NUMBER: 12320168)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,000 5,000
Other debtors 33,534 10,541
38,534 15,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,715 7,537
Taxation and social security 16,814 9,162
Other creditors 1,972,688 1,975,417
1,996,217 1,992,116

8. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 796,250

9. RELATED PARTY DISCLOSURES

At the year end the company owed £967,521 (2022: £969,230) to the directors.