WHAT WAS IT? LTD


Directors	GODDARD, Craig Andrew
	SHERIDAN, Heidi Elizabeth


Registered Address	95 North Side
	New Tupton
	Chesterfield
	S42 6BN


Registered Number	14471337 (England and Wales)

Balance Sheet as at
30 November 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		34,906		34,906
			34,906		34,906
Current assets
Cash at bank and on hand		8		15
		8		15
Creditors amounts falling due within one year	4	(1,210)		(817)
Net current assets (liabilities)			(1,202)		(802)
Total assets less current liabilities			33,704		34,104
Net assets			33,704		34,104
Capital and reserves
Called up share capital			100		100
Share premium			35,000		35,000
Profit and loss account			(1,396)		(996)
Shareholders' funds			33,704		34,104

The company was entitled to exemption from audit for this reporting period 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2025, and are signed on its behalf by:

GODDARD, Craig Andrew
Director
Registered Company No. 14471337

WHAT WAS IT? LTD

Notes to the Financial Statements
for the year ended 30 November 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Intangible assets
	Intangible assets, including capitalised development costs, are stated at cost less accumulated amortisation and accumulated impairment losses. Development costs that meet the recognition criteria in FRS 102 are capitalised from the point at which the project is considered technically feasible and commercially viable. Capitalised development costs are amortised on a straight line basis over their estimated useful economic lives, currently three years, from the date the asset is available for use. Until that point no amortisation is charged and the asset is reviewed annually for indicators of impairment. Amortisation is included in administrative expenses in the profit and loss account.

Intangible assets

Intangible assets, including capitalised development costs, are stated at cost less accumulated amortisation and accumulated impairment losses. Development costs that meet the recognition criteria in FRS 102 are capitalised from the point at which the project is considered technically feasible and commercially viable. 

Capitalised development costs are amortised on a straight line basis over their estimated useful economic lives, currently three years, from the date the asset is available for use. Until that point no amortisation is charged and the asset is reviewed annually for indicators of impairment. Amortisation is included in administrative expenses in the profit and loss account.

	Impairment of non-financial assets policy
	Assets, including capitalised development costs and other intangible assets, which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where an asset shows indicators of impairment, the recoverable amount of the asset is estimated and compared to its carrying amount in the financial statements. Where the carrying amount is in excess of the recoverable amount, an impairment loss is recognised in profit or loss.

Impairment of non-financial assets policy

Assets, including capitalised development costs and other intangible assets, which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where an asset shows indicators of impairment, the recoverable amount of the asset is estimated and compared to its carrying amount in the financial statements. Where the carrying amount is in excess of the recoverable amount, an impairment loss is recognised in profit or loss.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 December 23	34,906	34,906
At 30 November 24	34,906	34,906
Net book value
At 30 November 24	34,906	34,906
At 30 November 23	34,906	34,906

4.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	-	817
Other creditors	810	-
Accrued liabilities and deferred income	400	-
Total	1,210	817

5.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
GODDARD, Craig Andrew	817	35	42	810
Funds from the Director
	817	35	42	810


	At the year end the director was owed £810 by the company in respect of funds introduced. The loan is interest free and repayable on demand.