REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 10 August 2023 to 31 December 2024 |
for |
WS Bis Henderson Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 10 August 2023 to 31 December 2024 |
for |
WS Bis Henderson Limited |
WS Bis Henderson Limited (Registered number: 15062694) |
Contents of the Financial Statements |
for the Period 10 August 2023 to 31 December 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 2 |
WS Bis Henderson Limited (Registered number: 15062694) |
Balance Sheet |
31 December 2024 |
Notes | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Capital contribution reserve | ( |
) |
Retained earnings | ( |
) |
( |
) |
The director acknowledges his 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 were approved by the director and authorised for issue on |
WS Bis Henderson Limited (Registered number: 15062694) |
Notes to the Financial Statements |
for the Period 10 August 2023 to 31 December 2024 |
1. | STATUTORY INFORMATION |
WS Bis Henderson Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Financial instruments |
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument. |
Basic financial assets |
Basic financial assets are initially measured at their transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Discounting is omitted where the effect of discounting is immaterial. |
Financial liabilities |
Financial liabilities are classified according to the substance of the contractual arrangements entered into. |
Basic financial liabilities, which include other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. |
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. |
Derecognition of financial liabilities |
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled. |
WS Bis Henderson Limited (Registered number: 15062694) |
Notes to the Financial Statements - continued |
for the Period 10 August 2023 to 31 December 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 31 December 2024 |
NET BOOK VALUE |
At 31 December 2024 |
5. | DEBTORS |
£ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
Other debtors |
Amounts falling due after more than one year: |
Amounts owed by group undertakings |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |
WS Bis Henderson Limited (Registered number: 15062694) |
Notes to the Financial Statements - continued |
for the Period 10 August 2023 to 31 December 2024 |
8. | RELATED PARTY DISCLOSURES |
During the year loan notes were issued to a value of £1.1m. The holders of the notes are WST Group Limited who is the majority shareholder of the company and Mr A Kaye who is also a shareholder. Interest is charged to the company at a rate of 12%. In the period to 31 December 2024 £181,184 was expensed in relation to interest charges in the profit and loss.. At the reporting date the amount outstanding in relation to the loan notes for both parties totalled £1.34m.The loan notes are for a term of 5 years and will therefore mature on 17 August 2028. |