Company registration number 02559320 (England and Wales)
Whiting Landscape Holdings Limited
Annual report and financial statements
For the year ended 30 June 2024
Whiting Landscape Holdings Limited
Company information
Directors
Mr B W Bridges
Mr J Murphy
Mr M Murphy
Mr B Bridges
Mr L J Upcott
Mr M Murphy
Secretary
Mr L J Upcott
Company number
02559320
Registered office
Wildmoor Lane
Bromsgrove
Worcestershire
England
B61 0RH
Auditor
DJH Audit Limited
The Glades
Festival Way
Festival Park
Stoke-on-Trent
Staffordshire
ST1 5SQ
Whiting Landscape Holdings Limited
Contents
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Income statement
7
Statement of comprehensive income
8
Statement of financial position
9
Statement of changes in equity
10
Notes to the financial statements
11 - 20
Whiting Landscape Holdings Limited
Strategic report
For the year ended 30 June 2024
- 1 -

The directors present the strategic report for the year ended 30 June 2024.

Review of the business

Turnover for the year to 30 June 2024 has increased slightly to £1,499,999 (2023 - £1,300,000) as a result of an increase in costs recharged from the business.

 

There has been no major change in the mix of turnover in the period, with the company continuing its activities as a holding company.

 

Profit after taxation has decreased slightly from £2,838,597 in 2023 to £2,835,596 in the current period. This decrease is mainly due to the increased administrative expenses incurred in the period.

 

At the balance sheet date net assets increased from £1,407,860 in 2023 to £1,443,456, as a result of profits being retained in the business.

Principal risks and uncertainties

Due to the nature of the company being a holding company, it does not directly have any principal risks or uncertainties.

 

The company could be affected however if its subsidiary company trade is impacted for any given reason.

 

The subsidiary company continues to experience a healthy enquiry level and is not forecasting any significant reductions in sales or profitability and so there is not considered to be any major risk from any possible downturn in the trade of the subsidiary company.

 

Financial instrument risks

The only financial instruments that the company has are amounts owed to and from group undertakings.

 

Cash flow is managed in accordance with group treasury management, with payments made as and when necessary.

Future developments

After taking into account the above risks, the company is currently forecasting similar turnover in the year ending June 2025.

 

Overall profitability should be similar to the previous year and hence the directors are confident that the going concern basis is appropriate for the preparation of the accounts.

Key performance indicators

The directors consider that the key financial performance indicators are net profit and net profit margin:

 

Net profit - £2,835,596 (2023 - £2,838,597).

Net profit margin - 189.0% (2023 - 218.4%).

 

Net profit is profit after tax. Net profit margin is profit after tax as a percentage of turnover.

On behalf of the board

Mr L J Upcott
Director
6 March 2025
Whiting Landscape Holdings Limited
Directors' report
For the year ended 30 June 2024
- 2 -

The directors present their annual report and financial statements for the year ended 30 June 2024.

Principal activities

The principal activity of the company continued to be that of a holding company.

Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £2,800,000 (2023 - £2,800,000). The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr B W Bridges
Mr J Murphy
Mr M Murphy
Mr B Bridges
Mr L J Upcott
Mr M Murphy
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Strategic report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Whiting Landscape Holdings Limited
Directors' report (continued)
For the year ended 30 June 2024
- 3 -
Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Mr L J Upcott
Director
6 March 2025
Whiting Landscape Holdings Limited
Independent auditor's report
To the member of Whiting Landscape Holdings Limited
- 4 -
Opinion

We have audited the financial statements of Whiting Landscape Holdings Limited (the 'company') for the year ended 30 June 2024 which comprise the income statement, the statement of comprehensive income, the statement of financial position, the statement of changes in equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Whiting Landscape Holdings Limited
Independent auditor's report (continued)
To the member of Whiting Landscape Holdings Limited
- 5 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities,

including fraud and non-compliance with laws and regulations, was as follows:

 

Whiting Landscape Holdings Limited
Independent auditor's report (continued)
To the member of Whiting Landscape Holdings Limited
- 6 -

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company's member in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's member those matters we are required to state to the member in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's member, for our audit work, for this report, or for the opinions we have formed.

Nicola Johnson
Senior Statutory Auditor
For and on behalf of DJH Audit Limited
14 March 2025
Accountants
Statutory Auditor
The Glades
Festival Way
Festival Park
Stoke-on-Trent
Staffordshire
ST1 5SQ
Whiting Landscape Holdings Limited
Income statement
For the year ended 30 June 2024
- 7 -
2024
2023
Notes
£
£
Turnover
1,499,999
1,300,000
Administrative expenses
(920,503)
(762,101)
Operating profit
3
579,496
537,899
Interest receivable and similar income
6
2,400,000
2,401,815
Interest payable and similar expenses
7
(1,077)
-
0
Profit before taxation
2,978,419
2,939,714
Tax on profit
8
(142,823)
(101,117)
Profit for the financial year
2,835,596
2,838,597
Whiting Landscape Holdings Limited
Statement of comprehensive income
For the year ended 30 June 2024
- 8 -
2024
2023
£
£
Profit for the year
2,835,596
2,838,597
Other comprehensive income
-
-
Total comprehensive income for the year
2,835,596
2,838,597
Whiting Landscape Holdings Limited
Statement of financial position
As at 30 June 2024
30 June 2024
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
11
311,993
311,993
Current assets
Debtors
13
2,386,307
2,143,992
Cash at bank and in hand
61,633
34,963
2,447,940
2,178,955
Creditors: amounts falling due within one year
14
(1,316,477)
(1,083,088)
Net current assets
1,131,463
1,095,867
Net assets
1,443,456
1,407,860
Capital and reserves
Called up share capital
16
35,836
35,836
Share premium account
17
41,663
41,663
Capital redemption reserve
18
28,668
28,668
Profit and loss reserves
19
1,337,289
1,301,693
Total equity
1,443,456
1,407,860

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 6 March 2025 and are signed on its behalf by:
Mr B W Bridges
Director
Company registration number 02559320 (England and Wales)
Whiting Landscape Holdings Limited
Statement of changes in equity
For the year ended 30 June 2024
- 10 -
Share capital
Share premium account
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 July 2022
35,836
41,663
28,668
1,263,096
1,369,263
Year ended 30 June 2023:
Profit and total comprehensive income
-
-
-
2,838,597
2,838,597
Dividends
9
-
-
-
(2,800,000)
(2,800,000)
Balance at 30 June 2023
35,836
41,663
28,668
1,301,693
1,407,860
Year ended 30 June 2024:
Profit and total comprehensive income
-
-
-
2,835,596
2,835,596
Dividends
9
-
-
-
(2,800,000)
(2,800,000)
Balance at 30 June 2024
35,836
41,663
28,668
1,337,289
1,443,456
Whiting Landscape Holdings Limited
Notes to the financial statements
For the year ended 30 June 2024
- 11 -
1
Accounting policies
Company information

Whiting Landscape Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wildmoor Lane, Bromsgrove, Worcestershire, England, B61 0RH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of Whiting Holdings Limited. These consolidated financial statements are available from its registered office, Whiting Landscape, Wildmoor Lane, Wildmoor, Bromsgrove, United Kingdom, B61 0RH.

The financial statements contain information about Whiting Landscape Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Whiting Holdings Limited, who's registered office is Wildmoor Lane, Wildmoor, Bromsgrove, United Kingdom, B61 0RH.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover from services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
- 12 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash at bank.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, loans to fellow group companies and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
- 13 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
- 14 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.13

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', not to disclose related party transactions with group entities where the relationship is one of being wholly owned.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements in applying the Company's accounting policies

 

In the directors' opinion there are no critical judgements that they have made in applying the company's accounting policies and that have had a significant effect on the amounts recognised in the financial statements.

 

Key sources of estimation uncertainty

 

The directors consider that there are no key sources of estimation uncertainty.

Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
- 15 -
3
Operating profit
2024
2023
Operating profit for the year is stated after charging:
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
5,800
5,600
Operating lease charges
76,000
76,000
4
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Directors
6
6

Their aggregate remuneration comprised:

2024
2023
£
£
Wages and salaries
515,296
470,000
Social security costs
70,043
66,134
Pension costs
240,000
136,762
825,339
672,896
5
Directors' remuneration
2024
2023
£
£
Remuneration for qualifying services
561,729
519,435
Company pension contributions to defined contribution schemes
240,000
136,762
801,729
656,197

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 6 (2023 - 6).

Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
5
Directors' remuneration
(Continued)
- 16 -
Remuneration disclosed above include the following amounts paid to the highest paid director:
2024
2023
£
£
Remuneration for qualifying services
148,566
148,640
Company pension contributions to defined contribution schemes
60,000
40,000
6
Interest receivable and similar income
2024
2023
£
£
Interest income
Other interest income
-
0
1,815
Income from fixed asset investments
Income from shares in group undertakings
2,400,000
2,400,000
Total income
2,400,000
2,401,815
7
Interest payable and similar expenses
2024
2023
£
£
Other interest
1,077
-
0
8
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
142,823
110,537
Adjustments in respect of prior periods
-
0
(9,420)
Total current tax
142,823
101,117
Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
8
Taxation
(Continued)
- 17 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2024
2023
£
£
Profit before taxation
2,978,419
2,939,714
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2023: 25.00%)
744,605
734,929
Tax effect of income not taxable in determining taxable profit
(600,000)
(600,000)
Effect of change in corporation tax rate
-
0
(24,291)
Under/(over) provided in prior years
-
0
(9,420)
Deferred tax not recognised
1,131
1,272
Deferred tax not recognised in prior year
(1,200)
(1,373)
Underprovision of corporation tax
(1,713)
-
0
Taxation charge for the year
142,823
101,117
9
Dividends
2024
2023
£
£
Interim paid
2,800,000
2,800,000
10
Tangible fixed assets
Plant and equipment
£
Cost
At 1 July 2023 and 30 June 2024
64,779
Depreciation and impairment
At 1 July 2023 and 30 June 2024
64,779
Carrying amount
At 30 June 2024
-
0
At 30 June 2023
-
0
Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
- 18 -
11
Fixed asset investments
2024
2023
Notes
£
£
Investments in subsidiaries
12
311,993
311,993
12
Subsidiaries

Details of the company's subsidiaries at 30 June 2024 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Whiting Landscape Limited
Wildmoor Lane, Bromsgrove, Worcestershire, B61 0RH
Landscaping services
Ordinary
100.00
13
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
2,386,307
2,143,992
14
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
1,203,526
960,526
Corporation tax
72,823
85,537
Other taxation and social security
24,229
21,550
Accruals and deferred income
15,899
15,475
1,316,477
1,083,088
15
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
240,000
136,762

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
- 19 -
16
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
35,836
35,836
35,836
35,836

Each ordinary share has full voting rights, full dividend rights and the right to participate in distributions on winding up.

17
Share premium account

Share premium is made up of receipts in excess of the par value of new share capital issued.

18
Capital redemption reserve

Capital redemption reserve is made up of the share capital that has been repurchased by the company.

19
Profit and loss reserves

Profit and loss reserves related to accumulated profits less accumulated losses less any distributions. Profit and loss reserves are a distributable reserve.

20
Financial commitments, guarantees and contingent liabilities

At the balance sheet date, the company had guaranteed borrowings of the parent company. At 30 June 2024 these borrowings amounted to £2,292,000 (2023 - £4,392,000). As at the date of approval of these financial statements, the directors do not anticipate that the guarantees will be called upon.

21
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2024
2023
£
£
Within one year
76,000
76,000
Between two and five years
63,333
152,000
139,333
228,000
22
Related party transactions

Rental costs

 

During the year, rent of £76,000 (2023 - £76,000) was charged to the company by a pension scheme in which directors are beneficiaries of. There were no balances outstanding to the pension scheme at the year end date (2023 - £Nil).

Whiting Landscape Holdings Limited
Notes to the financial statements (continued)
For the year ended 30 June 2024
- 20 -
23
Ultimate controlling party

The ultimate parent company is Whiting Holdings Limited which owns 100% of the ordinary share capital. Whiting Holdings Limited is incorporated in England.

 

Copies of the group accounts of Whiting Holdings Limited are available from Whiting Landscape, Wildmoor Lane, Wildmoor, Bromsgrove, United Kingdom, B61 0RH.

There is no ultimate controlling party.

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