W.K.H. One Ltd - Accounts to registrar (filleted) - small 18.2
W.K.H. One Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 29 February 2020 |
| for |
| W.K.H. ONE LTD |
| W.K.H. ONE LTD (REGISTERED NUMBER: 08384871) |
| Contents of the Financial Statements |
| for the Year Ended 29 February 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| W.K.H. ONE LTD |
| Company Information |
| for the Year Ended 29 February 2020 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| First Floor, Templeback |
| 10 Temple back |
| Bristol |
| BS1 6FL |
| W.K.H. ONE LTD (REGISTERED NUMBER: 08384871) |
| Balance Sheet |
| 29 February 2020 |
| 29/2/20 | 28/2/19 |
| as restated |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| W.K.H. ONE LTD (REGISTERED NUMBER: 08384871) |
| Notes to the Financial Statements |
| for the Year Ended 29 February 2020 |
| 1. | Statutory information |
| W.K.H. One Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investments in subsidiaries |
| Investments are held at cost less any impairment. |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. |
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price. |
| Going concern |
| Although the balance sheet is showing a net current liability position the financial statements have been prepared on the going concern basis. The director has confirmed that the company will continue in operation for the foreseeable future and will be able to realise its assets and discharge its liabilities and committments in the normal course of business. |
| 3. | Employees and directors |
| The average number of employees during the year was NIL (2019 - NIL). |
| W.K.H. ONE LTD (REGISTERED NUMBER: 08384871) |
| Notes to the Financial Statements - continued |
| for the Year Ended 29 February 2020 |
| 4. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| At 1 March 2019 |
| Additions |
| At 29 February 2020 |
| Net book value |
| At 29 February 2020 |
| At 28 February 2019 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: Italy |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Italy |
| Nature of business: |
| % |
| Class of shares: | holding |
| Registered office: Italy |
| Nature of business: |
| % |
| Class of shares: | holding |
| 5. | Creditors: amounts falling due within one year |
| 29/2/20 | 28/2/19 |
| as restated |
| £ | £ |
| Trade creditors |
| Other creditors |
| Amounts owed to group undertak |
| ings | 51,421 | - |
| Accrued expenses |
| Included within other creditors is a shareholder loan which is unsecured, interest free and repayable on demand. |
| Amounts owed to group companies are unsecured, interest free and repayable on demand. |
| 6. | Related party disclosures |
| As at 28 February 2020 the shareholder had loaned the company £155,845 (2019: £155,845). |