Howwhatwhere Limited 07939640 false 2024-03-01 2025-02-28 2025-02-28 The principal activity of the company is purchasing consultancy and sailing dinghy dealership. Digita Accounts Production Advanced 6.30.9574.0 true true 07939640 2024-03-01 2025-02-28 07939640 2025-02-28 07939640 bus:OrdinaryShareClass1 2025-02-28 07939640 bus:OrdinaryShareClass2 2025-02-28 07939640 core:RetainedEarningsAccumulatedLosses 2025-02-28 07939640 core:ShareCapital 2025-02-28 07939640 core:CurrentFinancialInstruments 2025-02-28 07939640 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 07939640 core:Non-currentFinancialInstruments 2025-02-28 07939640 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 07939640 core:FurnitureFittingsToolsEquipment 2025-02-28 07939640 core:LandBuildings 2025-02-28 07939640 core:MotorVehicles 2025-02-28 07939640 bus:SmallEntities 2024-03-01 2025-02-28 07939640 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 07939640 bus:FilletedAccounts 2024-03-01 2025-02-28 07939640 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 07939640 bus:RegisteredOffice 2024-03-01 2025-02-28 07939640 bus:CompanySecretaryDirector2 2024-03-01 2025-02-28 07939640 bus:Director1 2024-03-01 2025-02-28 07939640 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 07939640 bus:OrdinaryShareClass2 2024-03-01 2025-02-28 07939640 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 07939640 bus:Agent1 2024-03-01 2025-02-28 07939640 core:Buildings 2024-03-01 2025-02-28 07939640 core:FurnitureFittingsToolsEquipment 2024-03-01 2025-02-28 07939640 core:LandBuildings 2024-03-01 2025-02-28 07939640 core:MotorVehicles 2024-03-01 2025-02-28 07939640 core:OfficeEquipment 2024-03-01 2025-02-28 07939640 core:PlantMachinery 2024-03-01 2025-02-28 07939640 countries:AllCountries 2024-03-01 2025-02-28 07939640 2024-02-29 07939640 core:FurnitureFittingsToolsEquipment 2024-02-29 07939640 core:LandBuildings 2024-02-29 07939640 core:MotorVehicles 2024-02-29 07939640 2023-03-01 2024-02-29 07939640 2024-02-29 07939640 bus:OrdinaryShareClass1 2024-02-29 07939640 bus:OrdinaryShareClass2 2024-02-29 07939640 core:RetainedEarningsAccumulatedLosses 2024-02-29 07939640 core:ShareCapital 2024-02-29 07939640 core:CurrentFinancialInstruments 2024-02-29 07939640 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 07939640 core:Non-currentFinancialInstruments 2024-02-29 07939640 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 07939640 core:FurnitureFittingsToolsEquipment 2024-02-29 07939640 core:LandBuildings 2024-02-29 07939640 core:MotorVehicles 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07939640

Howwhatwhere Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Howwhatwhere Limited

Contents

Company Information | 1
Profit and Loss Account and Statement of Retained Earnings | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 10

Howwhatwhere Limited

Company Information

Directors | Mr D P Valentine Mrs J Valentine

Company secretary | Mrs J Valentine

Registered office | Wellesley House 204 London Road Waterlooville Hampshire PO7 7AN

Accountants | MMO Limited Wellesley House 204 London Road Waterlooville Hampshire PO7 7AN

Howwhatwhere Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 28 February 2025

| Note | 2025 £ | 2024 £
Turnover |  | 25,000 | 81,093
Cost of sales |  | (23,644) | (56,223)
Gross profit |  | 1,356 | 24,870
Administrative expenses |  | (22,735) | (37,209)
Operating loss |  | (21,379) | (12,339)
Other interest receivable and similar income |  | 21 | 161
Interest payable and similar charges |  | (239) | (338)
|  | (218) | (177)
Loss before tax |  | (21,597) | (12,516)
Taxation |  | 1,805 | -
Loss for the financial year |  | (19,792) | (12,516)
Retained earnings brought forward |  | 5,130 | 19,646
Dividends paid |  | - | (2,000)
Retained earnings carried forward |  | (14,662) | 5,130

Howwhatwhere Limited

(Registration number: 07939640)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,775 | 5,818
Current assets |  |  |
Stocks | 5 | 7,234 | 16,188
Debtors | 6 | 1,125 | 1,821
Cash at bank and in hand |  | 5,740 | 7,134
|  | 14,099 | 25,143
Creditors: Amounts falling due within one year | 7 | (28,193) | (16,506)
Net current (liabilities)/assets |  | (14,094) | 8,637
Total assets less current liabilities |  | (11,319) | 14,455
Creditors: Amounts falling due after more than one year | 7 | (3,218) | (7,395)
Provisions for liabilities |  | - | (1,805)
Net (liabilities)/assets |  | (14,537) | 5,255
Capital and reserves |  |  |
Called up share capital | 8 | 125 | 125
Retained earnings |  | (14,662) | 5,130
Shareholders' (deficit)/funds |  | (14,537) | 5,255

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:

Howwhatwhere Limited

(Registration number: 07939640)
Balance Sheet as at 28 February 2025

......................................... Mr D P Valentine Director

Howwhatwhere Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and wales..

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
United Kingdom

These financial statements were authorised for issue by the Board on 4 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors believe that the company will be able to continue in operation for the foreseeable future and meet its obligations as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Howwhatwhere Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% reducing balance
Office equipment | 25% reducing balance
Land & buildings | 10 year straight line
Plant & machinery | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Howwhatwhere Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

Howwhatwhere Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 March 2024 | 8,744 | 5,400 | 23,495 | 37,639
Disposals | - | - | (23,495) | (23,495)
At 28 February 2025 | 8,744 | 5,400 | - | 14,144
Depreciation
At 1 March 2024 | 7,077 | 3,479 | 21,265 | 31,821
Charge for the year | 333 | 480 | - | 813
Eliminated on disposal | - | - | (21,265) | (21,265)
At 28 February 2025 | 7,410 | 3,959 | - | 11,369
Carrying amount
At 28 February 2025 | 1,334 | 1,441 | - | 2,775
At 29 February 2024 | 1,667 | 1,921 | 2,230 | 5,818

Included within the net book value of land and buildings above is £1,333 (2024 - £1,667) in respect of freehold land and buildings.

5 | Stocks

| 2025 £ | 2024 £
Other inventories | 7,234 | 16,188

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | - | 696
Other debtors | 1,125 | 1,125
| 1,125 | 1,821

Howwhatwhere Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 4,115 | 3,938
Taxation and social security |  | 15,520 | 310
Accruals and deferred income |  | 1,698 | 1,698
Other creditors |  | 6,860 | 10,560
|  | 28,193 | 16,506

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 3,218 | 7,395

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 100 | 100 | 100 | 100
Ordinary A Shares of £1 each | 25 | 25 | 25 | 25
| 125 | 125 | 125 | 125

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 3,218 | 7,395

Current loans and borrowings

Howwhatwhere Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

| 2025 £ | 2024 £
Bank borrowings | 4,115 | 3,938