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Registration number: 06762283

Willhaze Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Willhaze Limited

Contents

Statement of Comprehensive Income

1

Statement of Financial Position

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 6

 

Willhaze Limited

Statement of Comprehensive Income for the
Year Ended 31 December 2024

Note

2024
£

2023
£

Turnover

 

1,680

1,253

Gross profit

 

1,680

1,253

Administrative expenses

 

(1,116)

(1,187)

Operating profit

 

564

66

Profit before tax

564

66

Tax on profit

 

(102)

-

Profit for the financial year

 

462

66

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Willhaze Limited

(Registration number: 06762283)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

340,700

340,700

Cash at bank and in hand

 

1,356

2,075

 

342,056

342,775

Creditors: Amounts falling due within one year

5

(180,661)

(181,842)

Net assets

 

161,395

160,933

Capital and reserves

 

Called up share capital

120,100

120,100

Profit and loss account

41,295

40,833

Shareholders' funds

 

161,395

160,933

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 April 2025 and signed on its behalf by:
 


Mr A W Harrison
Director

 

Willhaze Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

Share capital
£

Profit and loss account
£

Total
£

At 1 January 2024

120,100

40,833

160,933

Profit for the year

-

462

462

At 31 December 2024

120,100

41,295

161,395

Share capital
£

Profit and loss account
£

Total
£

At 1 January 2023

120,100

40,767

160,867

Profit for the year

-

66

66

At 31 December 2023

120,100

40,833

160,933

 

Willhaze Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Elm Grove Cottages
West Road
Bridport
Dorset
DT6 6AA

Principal activity

The principal activity of the company is in connection with property and associated activities.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements are not prepared on the going concern basis as the company has ceased trading.

 

Willhaze Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes 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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Willhaze Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 December 2024 (continued)

4

Debtors

2024
£

2023
£

Other debtors

340,700

340,700

340,700

340,700

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

102

-

Accruals and deferred income

903

790

Other creditors

179,656

181,052

180,661

181,842

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

7

Related party transactions

Summary of transactions with related parties

As at 31 December 2024, the company owed £130,491 (2023: £131,888) to the Directors.

The company is owed £340,700 (2023: £340,700) by a connected company which is controlled by the Directors.

The company owed £49,165 (2023: £49,165) to close family members of a Director at the end of the financial year.