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REGISTERED NUMBER: 03390016 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Witham Villa Limited

Witham Villa Limited (Registered number: 03390016)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Witham Villa Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: V L Saul





SECRETARY: C T Saul





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 03390016 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Witham Villa Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Witham Villa Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Witham Villa Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Witham Villa Limited and state those matters that we have agreed to state to the director of Witham Villa Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Witham Villa Limited and its director for our work or for this report.

It is your duty to ensure that Witham Villa Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Witham Villa Limited. You consider that Witham Villa Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Witham Villa Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


27 February 2025

Witham Villa Limited (Registered number: 03390016)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 63,228 85,333
63,228 85,333

CURRENT ASSETS
Debtors 6 8,750 8,750
Cash at bank and in hand 584 826
9,334 9,576
CREDITORS
Amounts falling due within one year 7 74,217 102,968
NET CURRENT LIABILITIES (64,883 ) (93,392 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,655

)

(8,059

)

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings (21,655 ) (28,059 )
SHAREHOLDERS' FUNDS (1,655 ) (8,059 )

Witham Villa Limited (Registered number: 03390016)

Balance Sheet - continued
30 June 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 February 2025 and were signed by:





V L Saul - Director


Witham Villa Limited (Registered number: 03390016)

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


1. STATUTORY INFORMATION

Witham Villa 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.

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.

Turnover
Turnover represents sales of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Horses - 25% reducing balance
Plant and machinery - 25% on cost
Drainage - 4% on cost
Motor vehicles - 25% reducing balance

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 balance sheet date.


Witham Villa Limited (Registered number: 03390016)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 4,000
AMORTISATION
At 1 July 2023
and 30 June 2024 4,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Witham Villa Limited (Registered number: 03390016)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor
Horses machinery Drainage vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 113,959 123,118 16,235 3,421 256,733
Additions 12,875 - - - 12,875
Disposals (9,750 ) - - - (9,750 )
At 30 June 2024 117,084 123,118 16,235 3,421 259,858
DEPRECIATION
At 1 July 2023 50,531 106,180 11,293 3,396 171,400
Charge for year 17,281 8,463 549 6 26,299
Eliminated on disposal (1,069 ) - - - (1,069 )
At 30 June 2024 66,743 114,643 11,842 3,402 196,630
NET BOOK VALUE
At 30 June 2024 50,341 8,475 4,393 19 63,228
At 30 June 2023 63,428 16,938 4,942 25 85,333

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Prepayments and accrued income 8,750 8,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 72,957 101,828
Accruals and deferred income 1,260 1,140
74,217 102,968

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
20,000 Ordinary £1 20,000 20,000

Witham Villa Limited (Registered number: 03390016)

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


9. GOING CONCERN

The company relies on the continuing support of Witham Villa Riding Centre Ltd. Witham Villa Riding Centre Ltd has agreed to continue to support the company for the foreseeable future as necessary.