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REGISTERED NUMBER: 05312402 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LONDON & WHARFEDALE LTD

LONDON & WHARFEDALE LTD (REGISTERED NUMBER: 05312402)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LONDON & WHARFEDALE LTD

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: Mr S G Clark
Mr R L Froggatt
Mr N P Mellor





SECRETARY: Mr N P Mellor





REGISTERED OFFICE: Unit 2 Charnwood Edge Business Park
Syston Road
Cossington
Leicester
Leicestershire
LE7 4UZ





REGISTERED NUMBER: 05312402 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

LONDON & WHARFEDALE LTD (REGISTERED NUMBER: 05312402)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 53 53
53 53

CURRENT ASSETS
Debtors 6 201,390 201,435
Cash at bank 216 569
201,606 202,004
CREDITORS
Amounts falling due within one year 7 (256,945 ) (255,393 )
NET CURRENT LIABILITIES (55,339 ) (53,389 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(55,286

)

(53,336

)

CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Retained earnings (555,286 ) (553,336 )
SHAREHOLDERS' FUNDS (55,286 ) (53,336 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:





Mr N P Mellor - Director


LONDON & WHARFEDALE LTD (REGISTERED NUMBER: 05312402)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024


1. STATUTORY INFORMATION

London & Wharfedale Ltd is a limited company, limited by shares, registered in England and Wales. Its registered office address is Unit 2 Charnwood Edge Business Park, Syston Road, Cossington, Leicester, United Kingdom, LE7 4UZ and the registered number is 05312402.

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.

The presentation currency of the financial statements is the Pound Sterling (£), and figures are rounded to the nearest £1.

Going Concern
At the year end the company had net current liabilities of £55,338 (2023: £53,389) and net liabilities of £55,285 (2023: £53,336). The directors have confirmed that they will continue to support the company to enable it to pay its liabilities as they fall due for the foreseeable future. As such, the directors have prepared these financial statements on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% straight line

Investments in subsidiaries
Investment in the subsidiary company is held at cost less accumulated impairment losses.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

LONDON & WHARFEDALE LTD (REGISTERED NUMBER: 05312402)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2023 44,204
Disposals (44,204 )
At 30 November 2024 -
DEPRECIATION
At 1 December 2023 44,204
Eliminated on disposal (44,204 )
At 30 November 2024 -
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2023
and 30 November 2024 53
NET BOOK VALUE
At 30 November 2024 53
At 30 November 2023 53

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 27
Other debtors 201,348 201,348
VAT 42 60
201,390 201,435

LONDON & WHARFEDALE LTD (REGISTERED NUMBER: 05312402)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3 3
Directors' current accounts 231,000 229,500
Accrued expenses 25,942 25,890
256,945 255,393

8. RELATED PARTY DISCLOSURES

As at the year end, £201,348 (2023 - £201,348) was owed by Red Kite Securities Ltd, a business in which London & Wharfedale Ltd own 50% of the issued share capital.