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REGISTERED NUMBER: 08871846 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Waring & Co Limited

Waring & Co Limited (Registered number: 08871846)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Waring & Co Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P L Waring
Mr D M Waring





REGISTERED OFFICE: 316 Blackpool Road
Fulwood
Preston
LANCASHIRE
PR2 3AE





REGISTERED NUMBER: 08871846 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Waring & Co Limited (Registered number: 08871846)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,427 31,586
Investment property 5 1,009,299 132,982
1,037,726 164,568

CURRENT ASSETS
Debtors 6 757,760 1,848,978
Cash at bank 40,057 35,563
797,817 1,884,541
CREDITORS
Amounts falling due within one year 7 1,643,703 1,855,103
NET CURRENT (LIABILITIES)/ASSETS (845,886 ) 29,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,840

194,006

CREDITORS
Amounts falling due after more than one
year

8

15,833

25,833
NET ASSETS 176,007 168,173

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 176,004 168,170
SHAREHOLDERS' FUNDS 176,007 168,173

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Waring & Co Limited (Registered number: 08871846)

Statement of Financial Position - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





Mr P L Waring - Director


Waring & Co Limited (Registered number: 08871846)

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


1. STATUTORY INFORMATION

Waring & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Investment property
Investment property is shown at the fair value at the year end. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Waring & Co Limited (Registered number: 08871846)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 60,850
DEPRECIATION
At 1 April 2023 29,264
Charge for year 3,159
At 31 March 2024 32,423
NET BOOK VALUE
At 31 March 2024 28,427
At 31 March 2023 31,586

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 132,982
Additions 876,317
At 31 March 2024 1,009,299
NET BOOK VALUE
At 31 March 2024 1,009,299
At 31 March 2023 132,982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 757,760 1,848,978

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 267,733 495,690
Taxation and social security 2,579 29,829
Other creditors 1,363,391 1,319,584
1,643,703 1,855,103

Waring & Co Limited (Registered number: 08871846)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,833 25,833

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 25,833 35,833

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Santander Bank PLC.

10. RELATED PARTY DISCLOSURES

The company received rent £30,000 (2023 - £30,000) from a company in which the directors P L Waring and D Waring are also directors.

Entities under common control owed £1,304,478 (2023 - £1,844,500) to the company at the year end.

The company owed £567,040 (2023 - £495,040) to entities under common control at the year end.

The company owed £879,051 (2023 - £824,544) to the directors at the year end.