Whiteshill Investments Limited 09520113 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is dormant Digita Accounts Production Advanced 6.30.9574.0 true true 09520113 2023-04-01 2024-03-31 09520113 2024-03-31 09520113 bus:OrdinaryShareClass1 2024-03-31 09520113 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-03-31 09520113 core:CurrentFinancialInstruments 2024-03-31 09520113 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09520113 core:MotorVehicles 2024-03-31 09520113 bus:SmallEntities 2023-04-01 2024-03-31 09520113 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09520113 bus:FilletedAccounts 2023-04-01 2024-03-31 09520113 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09520113 bus:RegisteredOffice 2023-04-01 2024-03-31 09520113 bus:Director1 2023-04-01 2024-03-31 09520113 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09520113 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09520113 core:MotorVehicles 2023-04-01 2024-03-31 09520113 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-01 2024-03-31 09520113 countries:EnglandWales 2023-04-01 2024-03-31 09520113 core:MotorVehicles 2023-03-31 09520113 2022-04-01 2023-03-31 09520113 2023-03-31 09520113 bus:OrdinaryShareClass1 2023-03-31 09520113 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-03-31 09520113 core:CurrentFinancialInstruments 2023-03-31 09520113 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09520113

Prepared for the registrar

Whiteshill Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Whiteshill Investments Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Whiteshill Investments Limited

Company Information

Director

J M Tandy

Registered office

Windsor House
Bayshill Road
Cheltenham
GL50 3AT

Accountants

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

 

Whiteshill Investments Limited

(Registration number: 09520113)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

192,000

Investments

5

1,150,000

1,150,000

Other financial assets

6

26,392

26,392

 

1,176,392

1,368,392

Current assets

 

Debtors

7

2,216,037

2,272,620

Cash at bank and in hand

 

246,762

3,155

 

2,462,799

2,275,775

Creditors: Amounts falling due within one year

8

(3,440)

-

Net current assets

 

2,459,359

2,275,775

Net assets

 

3,635,751

3,644,167

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

3,635,750

3,644,166

Shareholders' funds

 

3,635,751

3,644,167

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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 October 2024
 


J M Tandy
Director

 

Whiteshill Investments Limited

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

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives. The fixed assets held are in relation to classic cars which are not expected to depreciate.

Asset class

Depreciation method and rate

Classic cars

nil

 

Whiteshill Investments Limited

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

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Whiteshill Investments Limited

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

 

4

Tangible assets

Classic cars
 £

Cost and net book value

At 1 April 2023

192,000

Disposals

(192,000)

At 31 March 2024

-

 

5

Investments

2024
£

2023
£

Investments in associates

1,150,000

1,150,000

 

6

Other financial assets

2024
£

2023
£

Non-current financial assets

Financial assets at cost less impairment

26,392

26,392

 

7

Debtors

2024
£

2023
£

Receivables from related parties

2,216,037

2,271,037

Other debtors

-

1,583

2,216,037

2,272,620

 

8

Creditors

2024
 £

2023
 £

Due within one year

Corporation tax liability

3,440

-

 

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         
 

10

Related party transactions

At 31 March 2024, the company was owed £2,216,037 (2023 - £2,271,037) ) from companies in which Whiteshill Investments Limited holds a minority interest.