Registered number: 0410889 | ||||||||
FOR THE YEAR ENDED 31 MARCH 2024 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
W.B. Howlett (London) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Isleworth | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 0410889 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
W.B. Howlett (London) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MARCH 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
W.B. Howlett (London) Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
2,163,720 | 2,234,776 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 2,214,109 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1e,9 | 265,455 | 265,455 | |||||||
Other reserves | 10 | 10,407 | 10,407 | |||||||
Profit and loss account | 2,487,815 | 2,549,722 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
W.B. Howlett (London) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 33% |
1c. Investment Properties | ||||||||
Investment properties are included in the financial statements at fair value. Gains and losses on remeasurement of fair value are recognised in the Statement of comprehensive income, within Other operating income. |
1d. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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. |
1e. Revaluation Reserve | ||||||||
Net gains less related deferred tax on remeasurement of fair value of investment property at the year end, are included in a non-distributable reserve, Investment property revaluation reserve, (See also note 14). |
1f. Statutory Information | ||||||||
W.B. Howlett (London) Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 0410889 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, United Kingdom, TW7 4PU. |
1g. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
W.B. Howlett (London) Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 1 April 2023 | 12,876 | 12,876 | ||
At 31 March 2024 | 12,876 | 12,876 | ||
Depreciation | ||||
At 1 April 2023 | 9,727 | 9,727 | ||
For the year | 1,039 | 1,039 | ||
At 31 March 2024 | 10,766 | 10,766 | ||
Net Book Amounts | ||||
At 31 March 2024 | 2,110 | |||
At 31 March 2023 | 3,149 | |||
3. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 1 April 2023 | 701,457 | 701,457 | ||||||
At 31 March 2024 | 701,457 | 701,457 | ||||||
The investment properties are stated at fair value on a current usage basis at the directors valuation, at the balance sheet date. | ||||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | 9,064 | ||||||
Other debtors | 4,363 | 1,275 | ||||||
4,363 | 10,339 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Taxation and social security | - | 2,092 | ||||||
Directors current account | - | 10,208 | ||||||
Trade creditors | 2,786 | - | ||||||
Other creditors | 2,971 | 2,725 | ||||||
Accruals and deffered income | 4,722 | 5,642 | ||||||
10,479 | 20,667 | |||||||
W.B. Howlett (London) Limited | ||||||||
6. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | - | |||||
7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 88,481 | 88,481 | ||||||
88,481 | 88,481 | |||||||
8. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4,650 | 4,650 | |||||||
4,650 | 4,650 | |||||||
9. REVALUATION RESERVE | 2024 | 2023 | ||||||
£ | £ | |||||||
Revaluation reserve | 265,455 | 265,455 | ||||||
265,455 | 265,455 | |||||||
10. OTHER RESERVES | 2024 | 2023 | ||||
£ | £ | |||||
Other reserves | 10,407 | 10,407 | ||||
10,407 | 10,407 | |||||
11. PRIOR YEAR ADJUSTMENT | ||||||||
The comparative amount for the Revaluation reserve has been reduced by £88,481, relating to deferred tax on the revaluation of the investment property, with a corresponding increase in the Profit and loss reserve. This correction has no affect on reported profit or net assets of the company for the prior or current year. | ||||||||