0 false false false false true false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2024 - FRS102_2024 14,002,224 14,002,224 14,002,224 xbrli:pure xbrli:shares iso4217:GBP 12509647 2023-08-01 2024-10-31 12509647 2024-10-31 12509647 2023-07-31 12509647 2022-11-01 2023-07-31 12509647 2023-07-31 12509647 2022-10-31 12509647 core:Subsidiary1 2023-08-01 2024-10-31 12509647 bus:Director1 2023-08-01 2024-10-31 12509647 core:WithinOneYear 2024-10-31 12509647 core:WithinOneYear 2023-07-31 12509647 core:ShareCapital 2024-10-31 12509647 core:ShareCapital 2023-07-31 12509647 core:CostValuation core:Non-currentFinancialInstruments 2024-10-31 12509647 core:Non-currentFinancialInstruments 2024-10-31 12509647 core:Non-currentFinancialInstruments 2023-07-31 12509647 bus:SmallEntities 2023-08-01 2024-10-31 12509647 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-10-31 12509647 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-10-31 12509647 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-10-31 12509647 bus:FullAccounts 2023-08-01 2024-10-31
COMPANY REGISTRATION NUMBER: 12509647
WITHAM (SPECIALIST VEHICLES) HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 October 2024
WITHAM (SPECIALIST VEHICLES) HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
31 October 2024
31 Oct 24
31 Jul 23
Note
£
£
Fixed assets
Investments
4
14,002,224
14,002,224
Creditors: amounts falling due within one year
5
14,002,150
14,002,150
--------------
--------------
Net current liabilities
14,002,150
14,002,150
--------------
--------------
Total assets less current liabilities
74
74
----
----
Capital and reserves
Called up share capital
74
74
----
----
Shareholders funds
74
74
----
----
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 period ending 31 October 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 period 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 .
These financial statements were approved by the board of directors and authorised for issue on 28 February 2025 , and are signed on behalf of the board by:
D P Landy
Director
Company registration number: 12509647
WITHAM (SPECIALIST VEHICLES) HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 AUGUST 2023 TO 31 OCTOBER 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 Honeypot Lane, Colsterworth, Grantham, NG33 5LY.
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, in sterling which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each 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. Investments
Shares in group undertakings
£
Cost
At 1 August 2023 and 31 October 2024
14,002,224
--------------
Impairment
At 1 August 2023 and 31 October 2024
--------------
Carrying amount
At 31 October 2024
14,002,224
--------------
At 31 July 2023
14,002,224
--------------
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
Witham (Specialist Vehicles) Limited
Ordinary
100
5. Creditors: amounts falling due within one year
31 Oct 24
31 Jul 23
£
£
Amounts owed to group undertakings
13,533,777
13,533,777
Director loan accounts
468,373
468,373
--------------
--------------
14,002,150
14,002,150
--------------
--------------
6. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.