Company registration number 00178897 (England and Wales)
W H Greenwood (Holdings) Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
W H Greenwood (Holdings) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
W H Greenwood (Holdings) Limited
Statement of financial position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
811,894
811,894
Current assets
Debtors
5
93,485
67,696
Cash at bank and in hand
236,631
293,704
330,116
361,400
Creditors: amounts falling due within one year
6
(5,473)
(4,720)
Net current assets
324,643
356,680
Net assets
1,136,537
1,168,574
Capital and reserves
Called up share capital
19,800
19,800
Capital redemption reserve
200
200
Profit and loss reserves
1,116,537
1,148,574
Total equity
1,136,537
1,168,574

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 October 2024 and are signed on its behalf by:
T Greenwood
Director
Company registration number 00178897 (England and Wales)
W H Greenwood (Holdings) Limited
Notes to the financial statements
for the year ended 31 March 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties. The principal accounting policies adopted are set out below.

Turnover

Turnover represents rents receivable recognised on an accruals basis.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
20% reducing balance
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement and subsequently transferred to a non-distributable Revaluation Reserve net of any related deferred tax liability.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
W H Greenwood (Holdings) Limited
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 3 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2023 and 31 March 2024
26,802
Depreciation and impairment
At 1 April 2023 and 31 March 2024
26,802
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
4
Investment property
2024
£
Fair value
At 1 April 2023 and 31 March 2024
811,894

Investment property consists of residential properties at their cost. The directors feel that cost is not materially different to their fair value.

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
93,485
67,696
6
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
4,213
3,460
Accruals and deferred income
1,260
1,260
5,473
4,720
7
Company information

W H Greenwood (Holdings) Limited is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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