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REGISTERED NUMBER: 09053511 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 30 NOVEMBER 2024

FOR

WHITE MAUND INSOLVENCY PRACTITIONERS
LIMITED

WHITE MAUND INSOLVENCY PRACTITIONERS
LIMITED (REGISTERED NUMBER: 09053511)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE MAUND INSOLVENCY PRACTITIONERS
LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2023 TO 30 NOVEMBER 2024







DIRECTORS: C Latos
T D'Arcy





REGISTERED OFFICE: 44-46 Old Steine
Brighton
East Sussex
BN1 1NH





REGISTERED NUMBER: 09053511 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

WHITE MAUND INSOLVENCY PRACTITIONERS
LIMITED (REGISTERED NUMBER: 09053511)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 1,634
- 1,634

CURRENT ASSETS
Stocks - 240,083
Debtors 6 67,756 28,410
Cash at bank and in hand 1,086,238 552,797
1,153,994 821,290
CREDITORS
Amounts falling due within one year 7 (297,339 ) (301,464 )
NET CURRENT ASSETS 856,655 519,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

856,655

521,460

CAPITAL AND RESERVES
Called up share capital 8 50 75
Capital redemption reserve 50 25
Retained earnings 856,555 521,360
SHAREHOLDERS' FUNDS 856,655 521,460

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

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

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.

WHITE MAUND INSOLVENCY PRACTITIONERS
LIMITED (REGISTERED NUMBER: 09053511)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





C Latos - Director


WHITE MAUND INSOLVENCY PRACTITIONERS
LIMITED (REGISTERED NUMBER: 09053511)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2023 TO 30 NOVEMBER 2024

1. STATUTORY INFORMATION

White Maund Insolvency Practitioners 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three 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.
Fixtures and fittings - 33% on cost and over term of lease
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an 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.


WHITE MAUND INSOLVENCY PRACTITIONERS
LIMITED (REGISTERED NUMBER: 09053511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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.

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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 November 2024 1,016,592
AMORTISATION
At 1 October 2023
and 30 November 2024 1,016,592
NET BOOK VALUE
At 30 November 2024 -
At 30 September 2023 -

WHITE MAUND INSOLVENCY PRACTITIONERS
LIMITED (REGISTERED NUMBER: 09053511)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2023 TO 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 13,861 34,545 48,406
Disposals (13,861 ) (34,545 ) (48,406 )
At 30 November 2024 - - -
DEPRECIATION
At 1 October 2023 13,861 32,911 46,772
Charge for period - 1,634 1,634
Eliminated on disposal (13,861 ) (34,545 ) (48,406 )
At 30 November 2024 - - -
NET BOOK VALUE
At 30 November 2024 - - -
At 30 September 2023 - 1,634 1,634

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 66,429 6,215
Other debtors 1,327 22,195
67,756 28,410

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 28
Taxation and social security 167,235 91,570
Other creditors 130,104 209,866
297,339 301,464

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully
paid:

Number: Class: Nominal 2024 2023
Value: £ £

25 Ordinary B £1 - 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
50 75