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COMPANY REGISTRATION NUMBER: 12468535
WHIN SILL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
WHIN SILL LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2024
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 5
WHIN SILL LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
5
17,120
Cash at bank and in hand
16,038
5,493
---------
---------
16,038
22,613
CREDITORS: amounts falling due within one year
6
15,251
21,919
---------
---------
NET CURRENT ASSETS
787
694
----
----
TOTAL ASSETS LESS CURRENT LIABILITIES
787
694
----
----
NET ASSETS
787
694
----
----
CAPITAL AND RESERVES
Called up share capital
7
200
200
Profit and loss account
587
494
----
----
SHAREHOLDERS FUNDS
787
694
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WHIN SILL LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 17 January 2025 , and are signed on behalf of the board by:
S. T. Dale
Director
Company registration number: 12468535
WHIN SILL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31st MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne & Wear, NE30 1AY, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Going concern
The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Taxation
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. DEBTORS
2024
2023
£
£
Directors loan account
14,057
S455 tax recoverable
3,063
----
---------
17,120
----
---------
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,567
877
Corporation tax
11,365
21,042
Director loan accounts
2,319
---------
---------
15,251
21,919
---------
---------
7. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary 'A' shares of £ 1 each
50
50
50
50
Ordinary 'B' shares of £ 1 each
50
50
50
50
Ordinary 'C' shares of £ 1 each
100
100
100
100
----
----
----
----
200
200
200
200
----
----
----
----
8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs M. J. Dale
14,057
61,510
( 77,886)
( 2,319)
---------
---------
---------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs M. J. Dale
( 91)
70,660
( 56,512)
14,057
----
---------
---------
---------
9. RELATED PARTY TRANSACTIONS
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.