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WHITTLE ESTATES & PROPERTY SERVICES LIMITED

Registered Number
06150227
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

WHITTLE ESTATES & PROPERTY SERVICES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

MOSLEY, Stuart John
WATSON, Benjamin Richard Eric

Registered Address

185 High Street
Harborne
Birmingham
B17 9QG

Registered Number

06150227 (England and Wales)
WHITTLE ESTATES & PROPERTY SERVICES LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3100100
Tangible assets41,8302,287
1,9302,387
Current assets
Debtors5143,047106,858
Cash at bank and on hand8,398248
151,445107,106
Creditors amounts falling due within one year6(116,112)(70,586)
Net current assets (liabilities)35,33336,520
Total assets less current liabilities37,26338,907
Creditors amounts falling due after one year7(7,218)(12,343)
Provisions for liabilities8(367)(430)
Net assets29,67826,134
Capital and reserves
Called up share capital100100
Profit and loss account29,57826,034
Shareholders' funds29,67826,134
The financial statements were approved and authorised for issue by the Board of Directors on 27 December 2024, and are signed on its behalf by:
WATSON, Benjamin Richard Eric
Director
Registered Company No. 06150227
WHITTLE ESTATES & PROPERTY SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings20
Vehicles25
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year00
3.Intangible assets

Total

£
Cost or valuation
At 01 April 23100
At 31 March 24100
Net book value
At 31 March 24100
At 31 March 23100
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2332,167
At 31 March 2432,167
Depreciation and impairment
At 01 April 2329,880
Charge for year457
At 31 March 2430,338
Net book value
At 31 March 241,830
At 31 March 232,287
5.Debtors: amounts due after one year

2024

2023

££
Amounts owed by group undertakings 143,110106,858
Total143,110106,858
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-4,838
Bank borrowings and overdrafts5,9435,539
Taxation and social security4,4933,506
Other creditors30,677-
Accrued liabilities and deferred income74,99956,703
Total116,11270,586
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,21812,343
Total7,21812,343
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)367430
Total367430
9.Related party transactions
During the year the company entered into the following transactions with related parties. Services rendered to Hadleigh Estate Agents Limited £218,332 (2023: £166,364). Balance owed by Hadleigh Estate Agents Limited £141,610.07 (2023: £105,358). Balance owed by Watson & Mosley Property limited £1,500 (2023: £1,500). Hadleigh Estate Agents Limited is a subsidiary undertaking of Watson & Mosley Property Limited. Whittle Estates & Property Services is a wholly owned subsidiary of Watson & Mosley Property Limited.
10.Parent-subsidiary relationships
The company is a subsidiary undertaking of Watson & Mosley Property Limited, a company registered in England & Wales at 185 High Street, Harborne, Birmingham, United Kingdom, B17 9QG.