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Company No: 12154589 (England and Wales)

WEBSTER HOLDINGS (NORFOLK) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

WEBSTER HOLDINGS (NORFOLK) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

WEBSTER HOLDINGS (NORFOLK) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
WEBSTER HOLDINGS (NORFOLK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,100 1,100
1,100 1,100
Current assets
Debtors 4 639 2,723
Cash at bank and in hand 5 66 66
705 2,789
Creditors: amounts falling due within one year 6 ( 1,656) ( 1,823)
Net current (liabilities)/assets (951) 966
Total assets less current liabilities 149 2,066
Net assets 149 2,066
Capital and reserves
Called-up share capital 1,166 1,166
Profit and loss account ( 1,017 ) 900
Total shareholders' funds 149 2,066

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Webster Holdings (Norfolk) Limited (registered number: 12154589) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

C J M Webster
Director

20 September 2024

WEBSTER HOLDINGS (NORFOLK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
WEBSTER HOLDINGS (NORFOLK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Webster Holdings (Norfolk) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Income Statement. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 1,100
At 31 March 2024 1,100
Carrying value at 31 March 2024 1,100
Carrying value at 31 March 2023 1,100

4. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 639 2,723

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 66 66

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 1,656 1,823

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Websters of Norwich Ltd - Owed to/(from) (639) (2,723)