Whicham Services Limited Accounts






Whicham Services Limited

	Company No. 07016425
		Information for Filing with The Registrar
		31 December 2024

at	31 December 2024
Company No.		07016425	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	19,799	26,823


				19,799	26,823
Current assets
	Stocks		5	53,347	48,370
	Debtors		6	678,301	525,616

	Cash at bank and in hand			20,095	35,534
				751,743	609,520
Creditors: Amount falling due within one year			7	(1,156,617)	(1,064,369)
Net current liabilities				(404,874)	(454,849)
Total assets less current liabilities				(385,075)	(428,026)




Net liabilities				(385,075)	(428,026)

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		9	(385,175)	(428,126)

Total equity				(385,075)	(428,026)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 29 September 2025 and signed on its behalf by:
Shaun Lamont
Director
29 September 2025

for the year ended 31 December 2024

General information

Whicham Services Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 07016425

Its registered office is:

Brookwood Hall

Whicham Valley

Nr Millom

Cumbria

LA18 5SJ

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The company has net liabilities. The company's major creditors are companies under common control and it is dependent upon their continued financial support to meet its liabilities as they fall due. The directors are satisfied that this financial support will not be withdrawn in the foreseeable future. Accordingly the accounts have been prepared on a going concern basis.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% Straight line on cost

Motor vehicles

20% Straight line on cost

Furniture, fittings and equipment

20% Straight line on cost

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	37	35

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 January 2024	35,829	45,309	213,655	294,793
		Additions	260	-	5,971	6,231



		At 31 December 2024	36,089	45,309	219,626	301,024
		Depreciation
		At 1 January 2024	33,528	31,188	203,254	267,970
		Charge for the year	798	4,809	7,648	13,255



		At 31 December 2024	34,326	35,997	210,902	281,225
		Net book values
		At 31 December 2024	1,763	9,312	8,724	19,799
		At 31 December 2023	2,301	14,121	10,401	26,823

5	Stocks
			2024	2023
			£	£


		Finished goods	53,347	48,370
			53,347	48,370

6	Debtors
			2024	2023
			£	£
		Trade debtors	569,850	494,156
		Amounts owed by group undertakings	-	18,971




		Other debtors	103,247	9,869
		Prepayments and accrued income	5,204	2,620
			678,301	525,616

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	81,727	153,340
		Amounts owed to group undertakings	862,124	746,380
		Taxes and social security	146,753	35,824
		Loans from directors	17,730	17,730
		Other creditors	38,899	35,608
		Accruals and deferred income	9,384	75,487
			1,156,617	1,064,369

Share Capital

The company's share capital consists of one hundred ordinary shares, all of which are allotted, called up and fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Transactions with related parties

Parent Company

The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member:

First Resorts Management UK Limited, incorporated in England and Wales.

The parent's registered office address is:

Brockwood Hall

Whicham Valley

Millom

Cumbria

LA18 5JS

The address of the parent's principal place of business is:

The ultimate controlling party is Rimont Holdings (Pty) Limited (formerly Club Leisure Holdings (Pty) Limited), incorporated in South Africa.