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REGISTERED NUMBER: 00720927 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

J WHITING LIMITED

J WHITING LIMITED (REGISTERED NUMBER: 00720927)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


J WHITING LIMITED (REGISTERED NUMBER: 00720927)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 183 244
Investment property 5 501,335 501,335
501,518 501,579

CURRENT ASSETS
Debtors 6 - 197
Cash at bank 9,283 6,547
9,283 6,744
CREDITORS
Amounts falling due within one year 7 24,793 22,628
NET CURRENT LIABILITIES (15,510 ) (15,884 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

486,008

485,695

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Fair value reserve 435,625 435,625
Retained earnings 40,383 40,070
SHAREHOLDERS' FUNDS 486,008 485,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 28 April 2025 and were signed on its behalf by:




Mr P R Whiting - Director



Mr R D Whiting - Director


J WHITING LIMITED (REGISTERED NUMBER: 00720927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

J Whiting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00720927

Registered office: Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA

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 as modified by the revaluation of certain assets.

At 31 March 2025 the company has net current liabilities of £15,510 (2024 - £15,884). The company relies on the continued support of its directors to meet its day to day working capital requirements. The directors have indicated their willingness to support the company as necessary for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is represented by rents receivable excluding value added tax.

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 - 25% on reducing balance

Investment property
Investment properties are initially recorded at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. The gain or loss on revaluation is recognised in the profit and loss account in the period in which it arises. Such gains or losses are transferred from retained earnings to a fair value reserve.

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

J WHITING LIMITED (REGISTERED NUMBER: 00720927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2024
and 31 March 2025 300
DEPRECIATION
At 1 April 2024 56
Charge for year 61
At 31 March 2025 117
NET BOOK VALUE
At 31 March 2025 183
At 31 March 2024 244

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 501,335
NET BOOK VALUE
At 31 March 2025 501,335
At 31 March 2024 501,335

The fair value of the investment property at 31 March 2025 has been arrived at on the basis of a valuation carried out at that date by the directors of the company, who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties where the properties are situated.

The historic cost of the investment property was £65,710 (2024 - £65,710).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors - 197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 4,405 4,097
Other creditors 20,388 18,531
24,793 22,628

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
10,000 Ordinary £1 10,000 10,000

J WHITING LIMITED (REGISTERED NUMBER: 00720927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr R D Whiting
Balance outstanding at start of year 197 (3,060 )
Amounts advanced 5,500 10,258
Amounts repaid (7,202 ) (7,001 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,505 ) 197