Company Registration No. 04388165 (England and Wales)
Whetley Mills Limited
Unaudited accounts
for the year ended 31 January 2026
Whetley Mills Limited
Unaudited accounts
Contents
Whetley Mills Limited
Company Information
for the year ended 31 January 2026
Directors
Tahir Zeshan Hussain
Mohammad Salman Hussain
Secretary
Tahir Zeshan Hussain
Company Number
04388165 (England and Wales)
Registered Office
Whetley Mills Business Park
370 Thornton Road
Bradford
BD8 8LQ
England
Accountants
Shipleys Tax - Chartered Accountants
32 Park Cross Street
Leeds
West Yorkshire
LS1 2QH
Whetley Mills Limited
Statement of financial position
as at 31 January 2026
Tangible assets
22,746
21,308
Investment property
6,828,630
6,828,630
Cash at bank and in hand
224,246
64,193
Creditors: amounts falling due within one year
(394,528)
(191,844)
Net current assets
85,076
50,553
Total assets less current liabilities
6,936,452
6,900,491
Creditors: amounts falling due after more than one year
(2,487,830)
(2,562,420)
Provisions for liabilities
Deferred tax
(19,235)
(14,318)
Net assets
4,429,387
4,323,753
Called up share capital
1,000
1,000
Revaluation reserve
1,513,000
1,513,000
Profit and loss account
2,915,387
2,809,753
Shareholders' funds
4,429,387
4,323,753
For the year ending 31 January 2026 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 26 October 2026 and were signed on its behalf by
Tahir Zeshan Hussain
Director
Company Registration No. 04388165
Whetley Mills Limited
Notes to the Accounts
for the year ended 31 January 2026
Whetley Mills Limited is a private company, limited by shares, registered in England and Wales, registration number 04388165. The registered office is Whetley Mills Business Park, 370 Thornton Road, Bradford, BD8 8LQ, England.
2
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.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
20% on reducing balance
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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Whetley Mills Limited
Notes to the Accounts
for the year ended 31 January 2026
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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.
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.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
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.
Whetley Mills Limited
Notes to the Accounts
for the year ended 31 January 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2025
43,341
8,089
95,496
1,573
148,499
Additions
-
-
3,376
2,020
5,396
At 31 January 2026
43,341
8,089
98,872
3,593
153,895
At 1 February 2025
40,522
6,893
78,975
801
127,191
Charge for the year
423
299
2,658
578
3,958
At 31 January 2026
40,945
7,192
81,633
1,379
131,149
At 31 January 2026
2,396
897
17,239
2,214
22,746
At 31 January 2025
2,819
1,196
16,521
772
21,308
Fair value at 1 February 2025
6,828,630
At 31 January 2026
6,828,630
The company's investment properties are stated at a valuation undertaken by Knight Frank Valuation & Advisory in December 2020. The directors have considered the value of the properties as at 31 January 2026 and are satisfied that there has been no material change in value since the valuation date. Accordingly, the December 2020 valuation continues to be used as the carrying value at 31 January 2026
Amounts falling due within one year
Trade debtors
105,125
60,526
Accrued income and prepayments
122,003
97,128
Other debtors
28,230
20,550
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
33,332
33,332
Trade creditors
103,131
62,191
Taxes and social security
35,632
16,093
Loans from directors
44
169
Deferred income
114,818
19,262
Whetley Mills Limited
Notes to the Accounts
for the year ended 31 January 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
2,217,785
2,251,117
Other creditors
270,045
311,303
Bank loans and overdrafts are secured by means of a first legal charge over one of the company's investment properties and a debenture over the assets and undertaking of the company.
9
Deferred taxation
2026
2025
Accelerated capital allowances
4,559
3,165
Revaluation of investment property
14,676
11,153
Provision at start of year
14,318
14,862
Charged/(credited) to the profit and loss account
4,917
(544)
Provision at end of year
19,235
14,318
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
11
Average number of employees
During the year the average number of employees was 8 (2025: 8).