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REGISTERED NUMBER: 08131232 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Whaddya Know? Limited

Whaddya Know? Limited (Registered number: 08131232)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whaddya Know? Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J D Verity
C Brewins
M H M Allard



REGISTERED OFFICE: Wellington House
Cold Bath Road
Harrogate
North Yorkshire
HG2 0NA



REGISTERED NUMBER: 08131232 (England and Wales)



ACCOUNTANTS: Evelyn Partners (Leeds) Limited
Accountants
3rd Floor
56 Wellington Street
Leeds
West Yorkshire
LS1 2EE



BANKERS: Lloyds Bank
8-11 Cambridge Street
Harrogate
North Yorkshire
HG1 1PQ

Whaddya Know? Limited (Registered number: 08131232)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 303,147 334,746

CURRENT ASSETS
Stocks 38,735 10,644
Debtors 6 53,064 50,505
Cash at bank and in hand 428,179 596,333
519,978 657,482
CREDITORS
Amounts falling due within one year 7 318,170 294,790
NET CURRENT ASSETS 201,808 362,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,955

697,438

PROVISIONS FOR LIABILITIES 9 28,473 22,396
NET ASSETS 476,482 675,042

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 199,800 199,800
Retained earnings 276,382 474,942
476,482 675,042

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.

Whaddya Know? Limited (Registered number: 08131232)

Balance Sheet - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





J D Verity - Director


Whaddya Know? Limited (Registered number: 08131232)

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

1. STATUTORY INFORMATION

Whaddya Know? 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

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.
Leasehold improvements - Straight line over 10 years
Fixtures and fittings - 25% on reducing balance
Equipment - 20% - 33% reducing balance and 33% to 50% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance cost
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt
using the effective interest method so that the amount charged is at a constant rate on the carrying
amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Whaddya Know? Limited (Registered number: 08131232)

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

3. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Government grants
Government grants are recognised using the accruals model. Grants relating to revenue are
recognised in the income statement on a systematic basis over the period in which the company
recognises the related costs for which the grants are intended to compensate.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Whaddya Know? Limited (Registered number: 08131232)

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

3. ACCOUNTING POLICIES - continued

Foreign currency translation
Functional and presentation currency
The Company's functional and presentational currency is GBP(£).

Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'other operating income'.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

Interest income
Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 36 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
improvements fittings Equipment Totals
£    £    £    £   
COST
At 1 April 2023 489,023 130,626 163,561 783,210
Additions 5,580 17,560 7,644 30,784
At 31 March 2024 494,603 148,186 171,205 813,994
DEPRECIATION
At 1 April 2023 230,200 96,135 122,129 448,464
Charge for year 34,903 13,642 13,838 62,383
At 31 March 2024 265,103 109,777 135,967 510,847
NET BOOK VALUE
At 31 March 2024 229,500 38,409 35,238 303,147
At 31 March 2023 258,823 34,491 41,432 334,746

Whaddya Know? Limited (Registered number: 08131232)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,446 32,785
Prepayments and accrued income 9,618 17,720
53,064 50,505

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 61,799 64,257
Tax 78,583 54,677
Social security and other taxes 7,747 4,785
VAT 53,086 47,156
Other creditors 60,801 60,239
Accruals and deferred income 56,154 63,676
318,170 294,790

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 37,500 37,500
Between one and five years 150,000 150,000
In more than five years 115,625 153,125
303,125 340,625

The lease includes break clause dates in November 2020 and November 2025.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 28,473 22,396

Deferred
tax
£   
Balance at 1 April 2023 22,396
Provided during year 6,077
Balance at 31 March 2024 28,473

10. RELATED PARTY TRANSACTIONS

As at 31 March 2023 a balance of £50,156.78 (2023: £48,637) owing to a director from the company is included within the accounts. The balance is interest free and repayable on demand.

No further transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS 102.