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REGISTERED NUMBER: 11321689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WHAM Properties Limited

WHAM Properties Limited (Registered number: 11321689)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


WHAM Properties Limited

COMPANY INFORMATION
for the year ended 31 March 2024







Directors: M P Whittington
Mrs H Whittington





Registered office: 20 Walcot Buildings
Bath
Somerset
BA1 6AD





Registered number: 11321689 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

WHAM Properties Limited (Registered number: 11321689)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investment property 4 375,000 375,000

Current assets
Debtors 5 9,300 3,326
Cash at bank - 5,455
9,300 8,781
Creditors
Amounts falling due within one year 6 274,267 277,167
Net current liabilities (264,967 ) (268,386 )
Total assets less current liabilities 110,033 106,614

Capital and reserves
Called up share capital 7 100 100
Retained earnings 109,933 106,514
Shareholders' funds 110,033 106,614

WHAM Properties Limited (Registered number: 11321689)

BALANCE SHEET - continued
31 March 2024


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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:




Mrs H Whittington - Director



M P Whittington - Director


WHAM Properties Limited (Registered number: 11321689)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

WHAM Properties 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 as modified by the revaluation of certain fixed assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

WHAM Properties Limited (Registered number: 11321689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 375,000
Net book value
At 31 March 2024 375,000
At 31 March 2023 375,000

The property was purchased in a previous period and when combined with further constuction costs incurred, the directors have assessed the market value to be £375,000 at the year end.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 (51,514 )
Cost 426,514
375,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,000 3,000
Other debtors 6,300 326
9,300 3,326

WHAM Properties Limited (Registered number: 11321689)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,805 -
Taxation and social security 5,590 5,500
Other creditors 264,872 271,667
274,267 277,167

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

At the balance sheet date the following amounts were owed (by)/ to related parties:-

Name Relationship £
M Whittington director and shareholder 117,799
H Whittington director and shareholder 117,799

Gravitas Developments Ltd
a company formally owned by the
directors

24,000
Tangerine Skies Ltd a company owned by the directors 1,000
Flow Bar Frome Ltd a company owned by the directors (5,750 )
The loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by it's directors.