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REGISTERED NUMBER: 04277973 (England and Wales)















Ward Hill Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Ward Hill Limited (Registered number: 04277973)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ward Hill Limited

Company Information
for the Year Ended 30 September 2024







Directors: Mrs S E M Hill
D R Hill





Secretary: D R Hill





Registered office: 60 Bracondale
Norwich
Norfolk
NR1 2BE





Registered number: 04277973 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Ward Hill Limited (Registered number: 04277973)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
Fixed assets
Intangible assets 4 55,448 69,606
Tangible assets 5 8,240 5,721
63,688 75,327

Current assets
Debtors 6 412,585 339,806
Cash at bank 103,344 106,670
515,929 446,476
Creditors
Amounts falling due within one year 7 419,486 353,025
Net current assets 96,443 93,451
Total assets less current liabilities 160,131 168,778

Provisions for liabilities 154 169
Net assets 159,977 168,609

Capital and reserves
Called up share capital 2 2
Retained earnings 159,975 168,607
Shareholders' funds 159,977 168,609

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Ward Hill Limited (Registered number: 04277973)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





Mrs S E M Hill - Director


Ward Hill Limited (Registered number: 04277973)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. Statutory information

Ward Hill 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be readily measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised.

Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over goods sold;
- the amount of turnover can be measured reliably
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Ward Hill Limited (Registered number: 04277973)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. Accounting policies - continued

Financial instruments
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.

Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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 year was 9 (2023 - 9 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 141,580
Amortisation
At 1 October 2023 71,974
Amortisation for year 14,158
At 30 September 2024 86,132
Net book value
At 30 September 2024 55,448
At 30 September 2023 69,606

Ward Hill Limited (Registered number: 04277973)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1 October 2023 4,505 17,216 35,649 57,370
Additions - 275 5,557 5,832
At 30 September 2024 4,505 17,491 41,206 63,202
Depreciation
At 1 October 2023 3,991 12,715 34,943 51,649
Charge for year 77 716 2,520 3,313
At 30 September 2024 4,068 13,431 37,463 54,962
Net book value
At 30 September 2024 437 4,060 3,743 8,240
At 30 September 2023 514 4,501 706 5,721

6. Debtors: amounts falling due within one year
30/9/24 30/9/23
£    £   
Trade debtors 42,113 41,467
Other debtors 370,472 298,339
412,585 339,806

7. Creditors: amounts falling due within one year
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 1,145 389
Trade creditors 4,354 4,045
Taxation and social security 48,157 50,123
Other creditors 365,830 298,468
419,486 353,025