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REGISTERED NUMBER: 03186523 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Whiteway Holdings (UK) Limited

Whiteway Holdings (UK) Limited (Registered number: 03186523)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Whiteway Holdings (UK) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Dewhurst
T W Sole





SECRETARY: J Dewhurst





REGISTERED OFFICE: Flat 18
2 Park Hill Drive
Cobham
Surrey
KT11 2FN





REGISTERED NUMBER: 03186523 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Whiteway Holdings (UK) Limited (Registered number: 03186523)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes €    €    €    €   
FIXED ASSETS
Investments 5 1,618,138 1,539,050

CURRENT ASSETS
Debtors 6 10,000 1,534,528
Cash at bank 14,461 121,696
24,461 1,656,224
CREDITORS
Amounts falling due within one year 7 3,203,934 3,203,829
NET CURRENT LIABILITIES (3,179,473 ) (1,547,605 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,561,335

)

(8,555

)

CAPITAL AND RESERVES
Called up share capital 8 1,550 1,550
Capital reserve 9 1,450,072 1,450,072
Retained earnings 9 (3,012,957 ) (1,460,177 )
SHAREHOLDERS' FUNDS (1,561,335 ) (8,555 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





T W Sole - Director


Whiteway Holdings (UK) Limited (Registered number: 03186523)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Whiteway Holdings (UK) 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.

The presentation currency of the financial statements is the Euro (€).


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.

Preparation of consolidated financial statements
The financial statements contain information about Whiteway Holdings (UK) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments
Fixed assets investments are valued at fair value.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS

30.4.24 30.4.23
€    €   
Shares in group undertakings 2 2
Other investments not loans 1,618,136 1,539,048
1,618,138 1,539,050

Whiteway Holdings (UK) Limited (Registered number: 03186523)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group Listed Unlisted
undertakings investments investments Totals
€    €    €    €   
COST
At 1 May 2023
and 30 April 2024 2 2,065,944 1 2,065,947
PROVISIONS
At 1 May 2023 - 681,897 - 681,897

Reversal of impairments - (79,088 ) - (79,088 )
At 30 April 2024 - 602,809 - 602,809
NET BOOK VALUE
At 30 April 2024 2 1,463,135 1 1,463,138
At 30 April 2023 2 1,384,047 1 1,384,050

Investments (neither listed nor unlisted) were as follows:
30.4.24 30.4.23
€    €   
Motor vehicles 155,000 155,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

B.N.L.G Associates Limited
Registered office: United Kingdom
Nature of business: Investment Holding
%
Class of shares: holding
Ordinary 100.00
30.4.24 30.4.23
€    €   
Aggregate capital and reserves (3,406 ) (1,338,494 )
Profit/(loss) for the year 1,335,088 (59,936 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
€    €   
Amounts owed by group undertakings - 1,516,028
Other debtors 10,000 18,500
10,000 1,534,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
€    €   
Other creditors 3,203,934 3,203,829

Whiteway Holdings (UK) Limited (Registered number: 03186523)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors are loans from Messers Paolo Venco and Carlo Dorna-Metzger for €1.6m each. The loans are secured against shares in Novatech Industries S.A. The loans are repayable in the event of the sale of the Novatech Industries S.A. shares, at which time one years interest will be paid at Euribor rate plus 0.45%. The lenders reserve the right to demand the transfer of the Novatech Industries S.A. shares to themselves or their nominees at any time in full and final settlement of the loans and interest due.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: €    €   
1,000 Ordinary £1 1,550 1,550

9. RESERVES
Retained Capital
earnings reserve Totals
€    €    €   

At 1 May 2023 (1,460,177 ) 1,450,072 (10,105 )
Deficit for the year (1,552,780 ) (1,552,780 )
At 30 April 2024 (3,012,957 ) 1,450,072 (1,562,885 )