Whitt Bros. Limited - Accounts to registrar (filleted) - small 18.2

Whitt Bros. Limited - Accounts to registrar (filleted) - small 18.2

WHITT BROS. LIMITED - Company Information

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REGISTERED NUMBER: 00412671 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2020

for

WHITT BROS. LIMITED
WHITT BROS. LIMITED (REGISTERED NUMBER: 00412671)

Contents of the Financial Statements
for the Year Ended 31 August 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITT BROS. LIMITED

Company Information
for the Year Ended 31 August 2020







DIRECTORS: M V Whitt
I W Whitt





SECRETARY: M V Whitt





REGISTERED OFFICE: 65 Leadenhall Street
London
London
EC3A 2AD





REGISTERED NUMBER: 00412671 (England and Wales)
Page 1
WHITT BROS. LIMITED (REGISTERED NUMBER: 00412671)

Balance Sheet
31 August 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 480,465 495,701

CURRENT ASSETS
Stocks 3,724 1,302
Debtors 5 60,869 38,280
Cash at bank 485,422 390,766
550,015 430,348
CREDITORS
Amounts falling due within one year 6 61,301 53,880
NET CURRENT ASSETS 488,714 376,468
TOTAL ASSETS LESS CURRENT
LIABILITIES
969,179
872,169

CREDITORS
Amounts falling due after more than one
year
7
50,000
-
NET ASSETS 919,179 872,169

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 918,179 871,169
SHAREHOLDERS' FUNDS 919,179 872,169

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The notes form part of these financial statements

Page 2 continued...
WHITT BROS. LIMITED (REGISTERED NUMBER: 00412671)

Balance Sheet - continued
31 August 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2021 and were signed on its behalf by:





I W Whitt - Director


The notes form part of these financial statements

Page 3
WHITT BROS. LIMITED (REGISTERED NUMBER: 00412671)

Notes to the Financial Statements
for the Year Ended 31 August 2020


1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 September 2019
and 31 August 2020 761,792
DEPRECIATION
At 1 September 2019 266,091
Charge for year 15,236
At 31 August 2020 281,327
NET BOOK VALUE
At 31 August 2020 480,465
At 31 August 2019 495,701

Page 4 continued...
WHITT BROS. LIMITED (REGISTERED NUMBER: 00412671)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2020


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 39,601 23,108
Related parties 20,951 15,168
Other debtors 317 4
60,869 38,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 8,232 6,486
Taxation and social security 29,730 24,055
Other creditors 23,339 23,339
61,301 53,880

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 50,000 -

8. RELATED PARTY DISCLOSURES

Included in turnover is rent received from Whitt Bros Contractors Limited, amounting to £11,374 (2019: £6,240). Whitt Bros Contractors Limited is a wholly owned subsidiary of Whitt Bros Management Limited. Whitt Bros Management Limited has the same directors and shareholders as Whitt Bros Limited. The amount due from Whitt Bros Contractors Limited at the balance sheet date was £20,951 (2019: £15,168).

During the year the Company invoiced M V Whitt, a Director of this company, £77,933 (2019: £92,724) in respect of construction work carried out. At the year, the company was owed an amount of £17,192 (2018: £3,256) from MV Whitt.

Page 5