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Registered number: 07273532










WHITEBRIDGE ASSOCIATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024



 
WHITEBRIDGE ASSOCIATES LIMITED
REGISTERED NUMBER: 07273532

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
1,317,344
1,110,880

Cash at bank and in hand
  
83,578
99,644

  
1,400,922
1,210,524

Current liablities
  

Creditors: amounts falling due within one year
 5 
(490,927)
(555,817)

Net current assets
  
 
 
909,995
 
 
654,707

Total assets less current liabilities
  
909,995
654,707

Net assets
  
909,995
654,707


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
909,994
654,706

  
909,995
654,707


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R M Collier
Director

Date: 29 October 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
WHITEBRIDGE ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Whitebridge Associates Limited is a private company, limited by shares and incorporated in England & Wales. The address of its registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for services provided during the year, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 2

 
WHITEBRIDGE ASSOCIATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Debtors

2024
2023
£
£


Trade debtors
1,317,344
1,110,880

1,317,344
1,110,880



5.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
69,824
73,348

Amounts owed to group undertakings
146,704
276,214

Corporation tax
192,675
72,314

Other taxation and social security
44,309
16,671

Other creditors
1,248
624

Accruals and deferred income
36,167
116,646

490,927
555,817



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1



7.


Related party transactions

During the year the company paid a dividend of £400,000 (2023: £nil) to Whitebridge Solutions Group Limited, parent company.
At the balance sheet date £146,704 was payable to the parent company Whitebridge Solutions Group Limited (2023: 276,214).


8.


Controlling party

The company is under the control of Whitebridge Solutions Group Limited by virtue of holding 100% of the issued share capital.


Page 3