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REGISTERED NUMBER: 12558520 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

WHC HIRE SERVICES HOLDINGS LTD

WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHC HIRE SERVICES HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: J H Clutterbuck





REGISTERED OFFICE: Chargrove House Shurdington Road
Shurdington
Cheltenham
Gloucestershire
GL51 4GA





BUSINESS ADDRESS: Whc Hire Services
Alexander Way
Ashchurch
Tewkesbury
Gloucestershire
GL20 8TB





REGISTERED NUMBER: 12558520 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520)

BALANCE SHEET
30 APRIL 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,990,442 1,990,442

CURRENT ASSETS
Debtors 5 504 108,777
Cash at bank 1,762 9,069
2,266 117,846
CREDITORS
Amounts falling due within one year 6 1,075,334 1,126,990
NET CURRENT LIABILITIES (1,073,068 ) (1,009,144 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,374

981,298

CREDITORS
Amounts falling due after more than one
year

7

917,634

1,015,871
NET LIABILITIES (260 ) (34,573 )

CAPITAL AND RESERVES
Called up share capital 504 504
Retained earnings (764 ) (35,077 )
(260 ) (34,573 )

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 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.

WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 23 December 2024 and were signed by:





J H Clutterbuck - Director


WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Whc Hire Services Holdings Ltd 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 Pound Sterling (£).


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.

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.

Investment properties owned are rented to group companies such that they can be treated as freehold properties and not revalued each year in accordance FRS102 Section 1a reporting standards for small companies.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern with the ongoing support of the director.

WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,990,442
NET BOOK VALUE
At 30 April 2024 1,990,442
At 30 April 2023 1,990,442

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors - 108,273
Other debtors 504 504
504 108,777

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 201,408 201,408
Amounts owed to group undertakings 867,991 922,182
VAT 4,935 2,650
Accruals and deferred income 1,000 750
1,075,334 1,126,990

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 1-2 years 201,408 201,408
Bank loans 716,226 814,463
917,634 1,015,871

WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
as restated
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 716,226 814,463

8. SECURED DEBTS

The company has several charges registered at Companies House in relation to assets held in either this company or the subsidiaries:

Charge - 1255 8520 0004 & 1255 8520 0003
Clydesdale bank PLC have a charge over the freehold property at Alexandra Way in Tewkesbury, Bath Road property in Worcester and the land attached to 193 Bath Road in Worcester. The charge contains both fixed and floating charges as well as a negative pledge.

Charge - 1255 8520 0005
Clydesdale bank PLC have a charge over the freehold land an buildings at Station Road Industrial Estate in Chipping Norton. The charge contains both fixed and floating charges as well as a negative pledge.

Charge - 1255 8520 0001
Mitsubishi Hc Capital UK PLC have a debenture in place that contains both fixed and floating charges. The floating charge covers all property or undertaking of the company. This charge also contains a negative pledge.

Charge - 1255 8520 0002
Clydesdale Bank PLC also have a charge that contains both fixed and floating charges. The floating charge covers all the property or undertaking of the company. This charge also contains a negative pledge.

Charge - 1255 8520 0006
Swishfund LTD have a charge over the freehold property at Alexandra Way in Tewkesbury, Bath Road property in Worcester and the land attached to 193 Bath Road in Worcester, and the land and buildings at Station Road Industrial Estate in Chipping Norton. The charge contains a fixed charge as well as a negative pledge.

Charge - 1255 8520 0007
Swishfund LTD have a charge over the freehold property at Alexandra Way in Tewkesbury, Bath Road property in Worcester and the land attached to 193 Bath Road in Worcester, and the land and buildings at Station Road Industrial Estate in Chipping Norton. This charge contains both fixed and floating charges. The floating charge covers all the property or undertaking of the company. This charge also contains a negative pledge.

WHC HIRE SERVICES HOLDINGS LTD (REGISTERED NUMBER: 12558520)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. RELATED PARTY DISCLOSURES

WHC Hire Services Limited - subsidiary

The company owes a balance of £204,903 (2023: £411,066) to the subsidiary company in relation to purchase of properties.


Cotswold Tool and Plant Hire Limited - subsidiary

The company also owes a balance of £662,998 (2023: £662,998l) to the subsidiary company in relation to the purchase of a property.