Company Registration No. 11707159 (England and Wales)
Why Why Limited
Unaudited accounts
for the year ended 31 December 2025
Why Why Limited
Unaudited accounts
Contents
Why Why Limited
Company Information
for the year ended 31 December 2025
Directors
Mr P Mandelovics
Mr C Mandelovics
Company Number
11707159 (England and Wales)
Registered Office
1 Rostrevor Avenue
London
N15 6LA
Why Why Limited
Statement of financial position
as at 31 December 2025
Investment property
1,025,000
880,000
Cash at bank and in hand
610
6,073
Creditors: amounts falling due within one year
(62,086)
(128,084)
Net current liabilities
(32,410)
(113,567)
Total assets less current liabilities
993,626
766,433
Creditors: amounts falling due after more than one year
(826,875)
(738,997)
Provisions for liabilities
Deferred tax
(29,542)
(1,986)
Called up share capital
100
100
Profit and loss account
137,109
25,350
Shareholders' funds
137,209
25,450
For the year ending 31 December 2025 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2026 and were signed on its behalf by
Mr P Mandelovics
Director
Company Registration No. 11707159
Why Why Limited
Notes to the Accounts
for the year ended 31 December 2025
Why Why Limited is a private company, limited by shares, registered in England and Wales, registration number 11707159. The registered office is 1 Rostrevor Avenue, London, N15 6LA.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Why Why Limited
Notes to the Accounts
for the year ended 31 December 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at 33% of cost in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Fixtures & fittings
Fair value at 1 January 2025
880,000
Net gain from fair value adjustments
145,000
At 31 December 2025
1,025,000
The investment property at 31 December 2025 is stated at director's estimation of open market value. The historical cost of investment property included at valuation is £869,514 (2024: £869,514).
Amounts falling due within one year
Other debtors
24,629
8,444
Why Why Limited
Notes to the Accounts
for the year ended 31 December 2025
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
4,410
10,398
Taxes and social security
-
2,770
Other creditors
54,965
112,205
Other creditors relate to amounts owed to directors and companies with directors in common with the company.
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Creditors: amounts falling due after more than one year
2025
2024
Bank loans
826,875
738,997
Bank loans are secured on the company's investment properties by way of legal charges.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 1 (2024: 0).