Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07016425 S J Lamont S E Lamont A N Ridl Rimont Holdings (Pty) Ltd (formerly Club Leisure Holdings (Pty) Ltd) Brockwood Hall, Whicham Valley, Millom, Cumbria LA18 5JS true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07016425 2022-12-31 07016425 2023-12-31 07016425 2023-01-01 2023-12-31 07016425 frs-core:CurrentFinancialInstruments 2023-12-31 07016425 frs-core:FurnitureFittings 2023-12-31 07016425 frs-core:FurnitureFittings 2023-01-01 2023-12-31 07016425 frs-core:FurnitureFittings 2022-12-31 07016425 frs-core:MotorVehicles 2023-12-31 07016425 frs-core:MotorVehicles 2023-01-01 2023-12-31 07016425 frs-core:MotorVehicles 2022-12-31 07016425 frs-core:PlantMachinery 2023-12-31 07016425 frs-core:PlantMachinery 2023-01-01 2023-12-31 07016425 frs-core:PlantMachinery 2022-12-31 07016425 frs-core:ShareCapital 2023-12-31 07016425 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07016425 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07016425 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07016425 frs-bus:SmallEntities 2023-01-01 2023-12-31 07016425 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07016425 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07016425 1 2023-01-01 2023-12-31 07016425 frs-bus:Director1 2023-01-01 2023-12-31 07016425 frs-bus:Director2 2023-01-01 2023-12-31 07016425 frs-bus:Director3 2023-01-01 2023-12-31 07016425 frs-countries:EnglandWales 2023-01-01 2023-12-31 07016425 2021-12-31 07016425 2022-12-31 07016425 2022-01-01 2022-12-31 07016425 frs-core:CurrentFinancialInstruments 2022-12-31 07016425 frs-core:ShareCapital 2022-12-31 07016425 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 07016425
Whicham Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07016425
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,823 36,233
26,823 36,233
CURRENT ASSETS
Stocks 48,370 43,365
Debtors 5 525,616 402,092
Cash at bank and in hand 35,534 44,964
609,520 490,421
Creditors: Amounts Falling Due Within One Year 6 (1,064,369 ) (890,391 )
NET CURRENT ASSETS (LIABILITIES) (454,849 ) (399,970 )
TOTAL ASSETS LESS CURRENT LIABILITIES (428,026 ) (363,737 )
NET LIABILITIES (428,026 ) (363,737 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (428,126 ) (363,837 )
SHAREHOLDERS' FUNDS (428,026) (363,737)
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For the year ending 31 December 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
S E Lamont
Director
30 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Whicham Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07016425 . The registered office is Brockwood Hall, Whicham Valley, Millom, Cumbria, LA18 5JS.
The presentation currency of the financial statements is the Pound Sterling (£).
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 company has made a loss and has net liabilities. The company's major creditors are companies under common control and it is dependent upon their continued financial support to meet its liabilities as they fall due. The directors are satisfied that the financial support will not be withdrawn for the foreseeable future. Accordingly, the accounts have been prepared on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover is recognised when services are performed.
2.4. 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:
Plant & Machinery 20% on cost
Motor Vehicles 20% on cost
Fixtures & Fittings 20% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees during the year was: 35 (2022: 33)
35 33
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 34,746 45,309 211,792 291,847
Additions 1,083 - 1,863 2,946
As at 31 December 2023 35,829 45,309 213,655 294,793
Depreciation
As at 1 January 2023 32,788 26,077 196,749 255,614
Provided during the period 739 5,112 6,505 12,356
As at 31 December 2023 33,527 31,189 203,254 267,970
Net Book Value
As at 31 December 2023 2,302 14,120 10,401 26,823
As at 1 January 2023 1,958 19,232 15,043 36,233
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 494,156 40,102
Other debtors 31,460 361,990
525,616 402,092
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 153,339 85,884
Amounts owed to group undertakings 746,380 694,564
Other creditors 128,826 69,099
Taxation and social security 35,824 40,844
1,064,369 890,391
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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8. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is First Resorts Management UK Limited . First Resorts Management UK Limited was incorporated in England and Wales. The registered office is: Brockwood Hall, Whicham Valley, Millom, Cumbria LA18 5JS . The ultimate controlling party is Rimont Holdings (Pty) Ltd (formerly Club Leisure Holdings (Pty) Ltd) , incorporated in South Africa.
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