REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
for |
Whiteway Holdings (UK) Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Capital reserve | 9 |
Retained earnings | 9 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
The presentation currency of the financial statements is the Euro (€). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
5. | FIXED ASSET INVESTMENTS |
30.4.24 | 30.4.23 |
€ | € |
Shares in group undertakings |
Other investments not loans |
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 | 2,065,947 |
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 | 1,463,138 |
At 30 April 2023 | 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: |
Registered office: United Kingdom |
Nature of business: |
% |
Class of shares: | holding |
30.4.24 | 30.4.23 |
€ | € |
Aggregate capital and reserves | ( |
) | ( |
) |
Profit/(loss) for the year | ( |
) |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
€ | € |
Amounts owed by group undertakings |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
€ | € |
Other creditors |
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: | € | € |
Ordinary | £1 | 1,550 | 1,550 |
9. | RESERVES |
Retained | Capital |
earnings | reserve | Totals |
€ | € | € |
At 1 May 2023 | ( |
) | (10,105 | ) |
Deficit for the year | ( |
) | ( |
) |
At 30 April 2024 | ( |
) | (1,562,885 | ) |