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REGISTERED NUMBER: 08945297 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WHITTENHAM LIMITED

WHITTENHAM LIMITED (REGISTERED NUMBER: 08945297)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WHITTENHAM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr R L Whittenham





REGISTERED OFFICE: 74 Baffins Road
Copnor
Portsmouth
Hampshire
PO3 6BG





REGISTERED NUMBER: 08945297 (England and Wales)






WHITTENHAM LIMITED (REGISTERED NUMBER: 08945297)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,193,866 1,186,250

CURRENT ASSETS
Investments 5 503,753 429,455
Cash at bank 6,736 7,223
510,489 436,678
CREDITORS
Amounts falling due within one year 6 305,377 301,272
NET CURRENT ASSETS 205,112 135,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,398,978

1,321,656

CREDITORS
Amounts falling due after more than one
year

7

(836,250

)

(836,250

)

PROVISIONS FOR LIABILITIES (98,502 ) (86,163 )
NET ASSETS 464,226 399,243

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 464,225 399,242
464,226 399,243

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:




Mr R L Whittenham - Director


WHITTENHAM LIMITED (REGISTERED NUMBER: 08945297)

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


1. STATUTORY INFORMATION

Whittenham 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 assets.

Turnover
Turnover is the value of letting services provided to tenants during the year.

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 Statement of Income and Retained Earnings, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

WHITTENHAM LIMITED (REGISTERED NUMBER: 08945297)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,186,250
Revaluations 7,616
At 31 March 2024 1,193,866
NET BOOK VALUE
At 31 March 2024 1,193,866
At 31 March 2023 1,186,250

Investment property comprises 5 rental properties. The fair value of the investment property has been arrived
at on the basis of a valuation carried out by the director. The valuation was made on an open market value
basis by reference to market evidence of average percentage increase in prices for similar properties.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 44,408
Valuation in 2016 54,050
Valuation in 2017 94,100
Valuation in 2018 44,429
Valuation in 2019 4,350
Valuation in 2020 19,275
Valuation in 2021 42,625
Valuation in 2022 137,350
Valuation in 2023 (18,750 )
Valuation in 2024 7,616
Cost 764,413
1,193,866

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 503,753 429,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,132 1,156
Other creditors 303,245 300,116
305,377 301,272

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 836,250 836,250