Company Registration No. 12157130 (England and Wales)
Whitwell Holdings Ltd
Unaudited accounts
for the year ended 31 August 2024
Whitwell Holdings Ltd
Unaudited accounts
Contents
Whitwell Holdings Ltd
Company Information
for the year ended 31 August 2024
Directors
Mr Andrew Mark Whitwell
Mrs Wendy Jane Whitwell
Company Number
12157130 (England and Wales)
Registered Office
C/o Realise Finance Ltd
Gloucester House, 23a London Road
Peterborough
Cambridgeshire
PE2 8AN
England
Accountants
Realise Finance Ltd
Gloucester House
23a London Road
Peterborough
PE2 8AN
Whitwell Holdings Ltd
Statement of financial position
as at 31 August 2024
Investment property
150,000
150,000
Cash at bank and in hand
586
317
Creditors: amounts falling due within one year
(43,323)
(37,521)
Net current liabilities
(42,609)
(37,204)
Total assets less current liabilities
108,920
113,065
Creditors: amounts falling due after more than one year
(99,977)
(108,045)
Called up share capital
100
100
Revaluation reserve
(10,426)
(10,374)
Profit and loss account
19,269
15,294
Shareholders' funds
8,943
5,020
For the year ending 31 August 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
Mr Andrew Mark Whitwell
Director
Company Registration No. 12157130
Whitwell Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2024
Whitwell Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12157130. The registered office is C/o Realise Finance Ltd, Gloucester House, 23a London Road, Peterborough, Cambridgeshire, PE2 8AN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Whitwell Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Fair value at 1 September 2023
150,000
The 2024 valuation was made by the directors, on an open market value for existing use basis.
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,102
11,102
Taxes and social security
625
927
Loans from directors
30,876
24,629
Bank loans of £11,102 (2023: £11,102) falling due within one year are secured on the assets of the company.
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans of £99,977 (2023: £108,045) falling due after more than one year are secured on the assets of the company.
Whitwell Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
During the year, monies were loaned to the company by the directors. At the year end, £30,876 (2023: £24,629) was owed to the directors by the company. This balance is included within other creditors, is interest free, and is repayable on demand.
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Average number of employees
During the year the average number of employees was 2 (2023: 2).