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REGISTERED NUMBER: 02551509 (England and Wales)















W.G. HERBERT HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






W.G. HERBERT HOLDINGS LIMITED (REGISTERED NUMBER: 02551509)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


W.G. HERBERT HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: N Herbert
M Keith
Mrs K Keith





SECRETARY: M Keith





REGISTERED OFFICE: The King Centre
Main Road
Oakham
Rutland
LE15 7WD





REGISTERED NUMBER: 02551509 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

W.G. HERBERT HOLDINGS LIMITED (REGISTERED NUMBER: 02551509)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 463 259
Investment property 5 1,002,904 1,002,904
1,003,367 1,003,163

CURRENT ASSETS
Inventories 6 7,055 7,055
Debtors 7 93,448 45,264
Cash at bank and in hand 832,904 919,774
933,407 972,093
CREDITORS
Amounts falling due within one year 8 51,009 45,034
NET CURRENT ASSETS 882,398 927,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,885,765

1,930,222

PROVISIONS FOR LIABILITIES 88 49
NET ASSETS 1,885,677 1,930,173

CAPITAL AND RESERVES
Called up share capital 9 396 396
Retained earnings 1,885,281 1,929,777
SHAREHOLDERS' FUNDS 1,885,677 1,930,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

W.G. HERBERT HOLDINGS LIMITED (REGISTERED NUMBER: 02551509)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 3 September 2024 and were signed on its behalf by:





M Keith - Director


W.G. HERBERT HOLDINGS LIMITED (REGISTERED NUMBER: 02551509)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

W.G. Herbert Holdings 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 statement of financial position date.


W.G. HERBERT HOLDINGS LIMITED (REGISTERED NUMBER: 02551509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 4,896
Additions 581
Disposals (963 )
At 31 March 2024 4,514
DEPRECIATION
At 1 April 2023 4,637
Charge for year 154
Eliminated on disposal (740 )
At 31 March 2024 4,051
NET BOOK VALUE
At 31 March 2024 463
At 31 March 2023 259

W.G. HERBERT HOLDINGS LIMITED (REGISTERED NUMBER: 02551509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,002,904
NET BOOK VALUE
At 31 March 2024 1,002,904
At 31 March 2023 1,002,904

6. INVENTORIES
2024 2023
£    £   
Stocks 7,055 7,055

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,123 1,521
Tax - 109
Prepayments 1,742 1,967
3,865 3,597

Amounts falling due after more than one year:
Prepayments and accrued income 89,583 41,667

Aggregate amounts 93,448 45,264

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 738 1,402
Taxation 8,102 9,830
Other taxes and social security 20,219 11,872
Accrued expenses and deferred income 21,950 21,930
51,009 45,034

W.G. HERBERT HOLDINGS LIMITED (REGISTERED NUMBER: 02551509)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
39,600 Ordinary 1p 396 396