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REGISTERED NUMBER: 04656808 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

WHITLOCK AND HEAPS (PORTSLADE) LTD

WHITLOCK AND HEAPS (PORTSLADE) LTD (Registered number: 04656808)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITLOCK AND HEAPS (PORTSLADE) LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Fisk
Mrs N Fisk





SECRETARY: J Fisk





REGISTERED OFFICE: 48 Boundary Road
Hove
East Sussex
BN3 4EF





REGISTERED NUMBER: 04656808 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

WHITLOCK AND HEAPS (PORTSLADE) LTD (Registered number: 04656808)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,750 13,500
Tangible assets 5 19,719 26,305
32,469 39,805

CURRENT ASSETS
Debtors 6 33,099 2,125
Cash at bank 3,086 40,485
36,185 42,610
CREDITORS
Amounts falling due within one year 7 24,134 25,304
NET CURRENT ASSETS 12,051 17,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,520

57,111

CREDITORS
Amounts falling due after more than one
year

8

(14,122

)

(17,599

)

PROVISIONS FOR LIABILITIES (338 ) (338 )
NET ASSETS 30,060 39,174

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,960 39,074
30,060 39,174

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.

WHITLOCK AND HEAPS (PORTSLADE) LTD (Registered number: 04656808)

Balance Sheet - 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 12 June 2024 and were signed on its behalf by:





J Fisk - Director


WHITLOCK AND HEAPS (PORTSLADE) LTD (Registered number: 04656808)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

WHITLOCK AND HEAPS (PORTSLADE) LTD 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WHITLOCK AND HEAPS (PORTSLADE) LTD (Registered number: 04656808)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 150,000
AMORTISATION
At 1 April 2023 136,500
Charge for year 750
At 31 March 2024 137,250
NET BOOK VALUE
At 31 March 2024 12,750
At 31 March 2023 13,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 15,371 27,900 8,861 52,132
DEPRECIATION
At 1 April 2023 14,170 2,916 8,741 25,827
Charge for year 300 6,246 40 6,586
At 31 March 2024 14,470 9,162 8,781 32,413
NET BOOK VALUE
At 31 March 2024 901 18,738 80 19,719
At 31 March 2023 1,201 24,984 120 26,305

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Other debtors 2,125 2,125
VAT 974 -
3,099 2,125

WHITLOCK AND HEAPS (PORTSLADE) LTD (Registered number: 04656808)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS - continued
31.3.24 31.3.23
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 30,000 -

Aggregate amounts 33,099 2,125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,391 1,305
Tax 19,393 14,269
VAT - 7,380
Accruals and deferred income 2,350 2,350
24,134 25,304

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 14,122 17,599

9. RELATED PARTY DISCLOSURES

As at 31st March 2024 this company was owed £ 30,000 ( 2023 £ Nil) from JNFS Properties Ltd

The company paid £ 67,500 (2023 £ 52,500) as a dividend to their Holding Company JNFS Properties Ltd

The directors have an interest in this company

10. ULTIMATE CONTROLLING PARTY

This company is a 100% subsidiary of JNFS PROPERTIES LTD