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Company No: 00686706 (England and Wales)

WENTWORTH (BUTCHERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

WENTWORTH (BUTCHERS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024

Contents

WENTWORTH (BUTCHERS) LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
WENTWORTH (BUTCHERS) LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
DIRECTORS Mr M P Wentworth
Mr P J Wentworth
SECRETARY Mr P J Wentworth
REGISTERED OFFICE 264 Banbury Road
Oxford
OX2 7DY
United Kingdom
COMPANY NUMBER 00686706 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
WENTWORTH (BUTCHERS) LIMITED

BALANCE SHEET

AS AT 30 APRIL 2024
WENTWORTH (BUTCHERS) LIMITED

BALANCE SHEET (continued)

AS AT 30 APRIL 2024
Note 2024 2023
£ £
Fixed assets
Investment property 5 256,500 256,500
256,500 256,500
Current assets
Debtors 6 5,968 4,594
Cash at bank and in hand 52,088 47,418
58,056 52,012
Creditors: amounts falling due within one year 7 ( 7,951) ( 8,116)
Net current assets 50,105 43,896
Total assets less current liabilities 306,605 300,396
Provision for liabilities 8 ( 50,125) ( 50,125)
Net assets 256,480 250,271
Capital and reserves
Called-up share capital 9 4,110 4,110
Revaluation reserve 154,385 154,385
Capital redemption reserve 890 890
Profit and loss account 97,095 90,886
Total shareholders' funds 256,480 250,271

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Wentworth (Butchers) Limited (registered number: 00686706) were approved and authorised for issue by the Board of Directors on 14 January 2025. They were signed on its behalf by:

Mr P J Wentworth
Director
WENTWORTH (BUTCHERS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
WENTWORTH (BUTCHERS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 APRIL 2024
1. Accounting policies

**Company information**
Wentworth (Butchers) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 264 Banbury Road, Oxford, OX2 7DY.

General information and basis of accounting

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover

Turnover represents rent receivable in the year.

Taxation

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery 7 - 0 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 May 2023 8,534 8,534
At 30 April 2024 8,534 8,534
Accumulated depreciation
At 01 May 2023 8,534 8,534
At 30 April 2024 8,534 8,534
Net book value
At 30 April 2024 0 0
At 30 April 2023 0 0

5. Investment property

Investment property
£
Fair value
As at 01 May 2023 256,500
As at 30 April 2024 256,500

The Directors consider the fair value of £265,500, determined as of 30 April 2023 based on local market conditions and comparable transactions, to remain an accurate reflection of its market value at 30th April 2024.
The historical cost of the investment property is £56,001.

6. Debtors

2024 2023
£ £
Trade debtors 200 50
Amounts owed by related parties 971 0
Other debtors 4,797 4,544
5,968 4,594

Rent has been charged to related parties under normal market conditions

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 4,356 4,104
Corporation tax 1,456 2,044
Other creditors 2,139 1,968
7,951 8,116

8. Provision for liabilities

2024 2023
£ £
Deferred tax 50,125 50,125

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4,110 Ordinary shares of £ 1.00 each 4,110 4,110