IRIS Accounts Production v24.3.2.46 02682212 Board of Directors 1.8.23 31.7.24 31.7.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026822122023-07-31026822122024-07-31026822122023-08-012024-07-31026822122022-07-31026822122022-08-012023-07-31026822122023-07-3102682212ns15:EnglandWales2023-08-012024-07-3102682212ns14:PoundSterling2023-08-012024-07-3102682212ns10:Director12023-08-012024-07-3102682212ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3102682212ns10:SmallEntities2023-08-012024-07-3102682212ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3102682212ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3102682212ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3102682212ns10:FullAccounts2023-08-012024-07-3102682212ns10:OrdinaryShareClass12023-08-012024-07-3102682212ns10:Director32023-08-012024-07-3102682212ns10:RegisteredOffice2023-08-012024-07-3102682212ns5:CurrentFinancialInstruments2024-07-3102682212ns5:CurrentFinancialInstruments2023-07-3102682212ns5:ShareCapital2024-07-3102682212ns5:ShareCapital2023-07-3102682212ns5:RetainedEarningsAccumulatedLosses2024-07-3102682212ns5:RetainedEarningsAccumulatedLosses2023-07-3102682212ns10:OrdinaryShareClass12024-07-3102682212ns5:RetainedEarningsAccumulatedLosses2023-07-3102682212ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 02682212 (England and Wales)















PETER WHITING (MIDLANDS) LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2024






PETER WHITING (MIDLANDS) LIMITED (REGISTERED NUMBER: 02682212)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PETER WHITING (MIDLANDS) LIMITED

Company Information
for the year ended 31 July 2024







Directors: J M Whiting
K Motion



Registered office: 8 Barb Mews
Hammersmith
London
W6 7PA



Registered number: 02682212 (England and Wales)



Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA



Bankers: Lloyds Bank plc
21-25 King Street
Hammersmith
London
W6 9HW

PETER WHITING (MIDLANDS) LIMITED (REGISTERED NUMBER: 02682212)

Balance Sheet
31 July 2024

2024 2023
Notes £ £
Current assets
Cash in hand 5 5

Creditors
Amounts falling due within one year 4 - (47,762 )
Net current assets/(liabilities) 5 (47,757 )
Total assets less current liabilities 5 (47,757 )

Capital and reserves
Called up share capital 5 5,000 5,000
Retained earnings 6 (4,995 ) (52,757 )
Shareholders' funds 5 (47,757 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





J M Whiting - Director


PETER WHITING (MIDLANDS) LIMITED (REGISTERED NUMBER: 02682212)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Peter Whiting (Midlands) 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 preparation
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.

Going Concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and
considered relevant information, including financial forecasts in making their assessment. The information prepared shows that the company will have sufficient profits and cash flows to meet its obligations as they fall due.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments. None of the judgements or estimates is considered significant.

Turnover
Turnover comprises revenue recognised by the company on an invoiced basis in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

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

4. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings - 47,762

PETER WHITING (MIDLANDS) LIMITED (REGISTERED NUMBER: 02682212)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


5. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
5,000 Ordinary £1 5,000 5,000

6. Reserves
Retained
earnings
£

At 1 August 2023 (52,757 )
Profit for the year 47,762
At 31 July 2024 (4,995 )

7. Related party disclosures

During the year the company made sales of £nil (2023: £285,968) to its parent undertaking. Additionally, cost recharges were made from the parent undertaking in the sum of £nil (2023: £258,905) and a management charge of £nil (2023: £nil). The balance owed at the start of the year to the parent undertaking was forgiven in the year (2023: £47,762).