REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
WHITWELL INVESTMENTS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
FOR |
WHITWELL INVESTMENTS LIMITED |
WHITWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 04646914) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
WHITWELL INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
39 Hendon Lane |
Finchley |
London |
N3 1RY |
WHITWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 04646914) |
ABRIDGED STATEMENT OF FINANCIAL POSITION |
30 JUNE 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 |
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. |
WHITWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 04646914) |
ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
30 JUNE 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
WHITWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 04646914) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Whitwell Investments Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents entitlement to receiving rent in respect of freehold property. |
Tangible fixed assets |
Computer equipment - Straight line over 4 years |
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. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
WHITWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 04646914) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2023 |
and 30 June 2024 |
DEPRECIATION |
At 1 July 2023 |
Charge for year |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 July 2023 |
and 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
At 30 June 2023 |
Cost or valuation at 30 June 2024 is represented by: |
£ |
Valuation in 2023 | 610,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 1,122,051 | 1,122,051 |
WHITWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 04646914) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary D | £1 | 36 | 38 |
(2023 - 38 ) |
Ordinary L | £1 | 36 | 38 |
(2023 - 38 ) |
72 | 76 |
Allotted and issued: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Share capital 3 | £1 | 14 | 12 |
(2023 - 12 ) |
Share capital 4 | £1 | 14 | 12 |
(2023 - 12 ) |
28 | 24 |
8. | RESERVES |
Retained |
earnings |
£ |
At 1 July 2023 |
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 30 June 2024 |
9. | OTHER FINANCIAL COMMITMENTS |
The company has annual commitments under non-cancellable operating leases in respect of motor vehicles. |
Future commitments on motor vehicle operating leases due: |
2023 | 2022 |
£ | £ |
Within one year | 6,523 | 6,523 |
Between two and five years | 7,611 | 14,134 |
10. | RELATED PARTY DISCLOSURES |
Mr D Shall |
Director and shareholder |
During the year dividends of £nil (2023: £nil) was paid. |
2024 | 2023 |
£ | £ |
Amount due to related party at the balance sheet date | 24,078 | 15,236 |
WHITWELL INVESTMENTS LIMITED (REGISTERED NUMBER: 04646914) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2024 |
10. | RELATED PARTY DISCLOSURES - continued |
Mrs L Shall |
Director and shareholder |
During the year dividends of £1,000 (2023: £1,000) was paid. |
Mr A T Shall |
Director and shareholder |
During the year dividends of £nil (2023: £1,000) was paid. |
Mrs J N Burns |
Director and shareholder |
During the year dividends of £nil (2023: £1,000) was paid. |
11. | ULTIMATE CONTROLLING PARTY |
The company has been under the control of Mr D and Mrs L Shall throughout the year. |