Whitman & Co Lettings Limited 31/03/2026 iXBRL

Company registration number: 11146170

Whitman & Co Lettings Limited

Unaudited filleted financial statements

31 March 2026

Whitman & Co Lettings Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Whitman & Co Lettings Limited

Directors and other information


	Directors	J B Matthews
		R G Savage


	Company number	11146170


	Registered office	5-7 Turnham Green Terrace
		London
		W4 1RG

Whitman & Co Lettings Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	4	10,000		15,000
Tangible assets	5	8,021		-
		_______		_______
			18,021		15,000

Current assets
Debtors	6	853,015		707,499
Cash at bank and in hand		231,863		227,057
		_______		_______
		1,084,878		934,556
Creditors: amounts falling due
within one year	7	( 200,180)		( 190,081)
		_______		_______
Net current assets			884,698		744,475
			_______		_______
Total assets less current liabilities			902,719		759,475

Creditors: amounts falling due
after more than one year	8		-		( 3,450)
			_______		_______
Net assets			902,719		756,025
			_______		_______

Capital and reserves
Called up share capital			110		110
Profit and loss account			902,609		755,915
			_______		_______
Shareholders funds			902,719		756,025
			_______		_______

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 August 2026 , and are signed on behalf of the board by:

J B Matthews R G Savage

Director Director

Company registration number: 11146170

Whitman & Co Lettings Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5-7 Turnham Green Terrace, London, W4 1RG.

2. Accounting policies

Accounting convention

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a fair view. The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

3. Staff costs

The average number of persons employed by the company during the year amounted to 8 (2025: 7 ).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	271,071	256,253
Social security costs	21,226	20,055
Other pension costs	4,012	3,942
	_______	_______
	296,309	280,250
	_______	_______

4. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	50,000	50,000
	_______	_______
Amortisation
At 1 April 2025	35,000	35,000
Charge for the year	5,000	5,000
	_______	_______
At 31 March 2026	40,000	40,000
	_______	_______
Carrying amount
At 31 March 2026	10,000	10,000
	_______	_______
At 31 March 2025	15,000	15,000
	_______	_______

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2025	1,429	-	1,429
Additions	-	10,695	10,695
	_______	_______	_______
At 31 March 2026	1,429	10,695	12,124
	_______	_______	_______
Depreciation
At 1 April 2025	1,429	-	1,429
Charge for the year	-	2,674	2,674
	_______	_______	_______
At 31 March 2026	1,429	2,674	4,103
	_______	_______	_______
Carrying amount
At 31 March 2026	-	8,021	8,021
	_______	_______	_______
At 31 March 2025	-	-	-
	_______	_______	_______

6. Debtors

	2026	2025
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	845,000	705,000
Other debtors	8,015	2,499
	_______	_______
	853,015	707,499
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	4,505	10,648
Corporation tax	66,224	78,801
Social security and other taxes	38,031	30,202
Other creditors	91,420	70,430
	_______	_______
	200,180	190,081
	_______	_______

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	-	3,450
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	J B Matthews	( 33,340)	( 8,657)	( 41,997)
	R G Savage	( 33,340)	( 8,657)	( 41,997)
		_______	_______	_______
		( 66,680)	( 17,314)	( 83,994)
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	J B Matthews	( 51,690)	18,350	( 33,340)
	R G Savage	( 51,690)	18,350	( 33,340)
		_______	_______	_______
		( 103,380)	36,700	( 66,680)
		_______	_______	_______

10. Related party

At the financial year end, the company directors, Mr James Matthews and Mr Russell Savage, each held a 50% equity interest in Savage & Matthews Properties Ltd. As at the reporting date, an amount of £845,000 (2025: £705,000) was owed to the company by Savage & Matthews Properties Ltd.