ACCOUNTS - Final Accounts preparation

WHITEWAY (CHILTERNS) LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-01-312022-01-314true2021-02-01falseresidential property development and related consultancy work4trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09113896 2021-02-01 2022-01-31 09113896 2020-02-01 2021-01-31 09113896 2022-01-31 09113896 2021-01-31 09113896 2020-02-01 09113896 c:Director1 2021-02-01 2022-01-31 09113896 d:CurrentFinancialInstruments 2022-01-31 09113896 d:CurrentFinancialInstruments 2021-01-31 09113896 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 09113896 d:CurrentFinancialInstruments d:WithinOneYear 2021-01-31 09113896 d:ShareCapital 2021-02-01 2022-01-31 09113896 d:ShareCapital 2022-01-31 09113896 d:ShareCapital 2020-02-01 2021-01-31 09113896 d:ShareCapital 2021-01-31 09113896 d:ShareCapital 2020-02-01 09113896 d:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 09113896 d:RetainedEarningsAccumulatedLosses 2022-01-31 09113896 d:RetainedEarningsAccumulatedLosses 2020-02-01 2021-01-31 09113896 d:RetainedEarningsAccumulatedLosses 2021-01-31 09113896 d:RetainedEarningsAccumulatedLosses 2020-02-01 09113896 c:FRS102 2021-02-01 2022-01-31 09113896 c:AuditExempt-NoAccountantsReport 2021-02-01 2022-01-31 09113896 c:FullAccounts 2021-02-01 2022-01-31 09113896 c:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 09113896 2 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure

Registered number: 09113896

WHITEWAY (CHILTERNS) LIMITED (FORMERLY WHITEWAY DEVELOPMENTS LIMITED)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2022

WHITEWAY (CHILTERNS) LIMITED (FORMERLY WHITEWAY DEVELOPMENTS LIMITED)

REGISTERED NUMBER: 09113896

BALANCE SHEET

AS AT 31 JANUARY 2022

		2022		2021
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	121		6,486
Cash at bank and in hand	6	1,423		1,257
		1,544		7,743
Creditors: amounts falling due within one year	7	(399,771)		(413,472)
Net current liabilities			(398,227)		(405,729)
Total assets less current liabilities			(398,227)		(405,729)

Net liabilities			(398,227)		(405,729)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(398,327)	(405,829)
	(398,227)	(405,729)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

D Cox

Director

Date: 27 October 2022

The notes on pages 3 to 5 form part of these financial statements.

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WHITEWAY (CHILTERNS) LIMITED (FORMERLY WHITEWAY DEVELOPMENTS LIMITED)

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2022

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 February 2020	100	(598,260)	(598,160)
Comprehensive income for the year
Profit for the year	-	192,431	192,431
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	192,431	192,431
Total transactions with owners	-	-	-

At 1 February 2021	100	(405,829)	(405,729)
Comprehensive income for the year
Profit for the year	-	7,502	7,502
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	7,502	7,502
Total transactions with owners	-	-	-
At 31 January 2022	100	(398,327)	(398,227)

The notes on pages 3 to 5 form part of these financial statements.

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WHITEWAY (CHILTERNS) LIMITED (FORMERLY WHITEWAY DEVELOPMENTS LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

1.	General information

Whiteway (Chilterns) Limited (formerly Whiteway Developments Limited) is a Company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the Company information page. The nature of the Company's operations and its principal activities are set out in the Directors' report.
On 8 February 2021 the company changed its name from Whiteway Developments Limited to Whiteway (Chilterns) Limited.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the director has adopted the going concern basis of accounting in preparing the financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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WHITEWAY (CHILTERNS) LIMITED (FORMERLY WHITEWAY DEVELOPMENTS LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)

2.5

Debtors

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.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

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.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.

Employees

The average monthly number of employees, including directors, during the year was 4 (2021 - 4).

Debtors

					2022	2021
					£	£


Trade debtors	-	6,486
Other debtors	121	-
	121	6,486

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WHITEWAY (CHILTERNS) LIMITED (FORMERLY WHITEWAY DEVELOPMENTS LIMITED)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

6.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	1,423	1,257
	1,423	1,257

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	2,343	441
Other taxation and social security	-	898
Other creditors	395,713	410,418
Accruals and deferred income	1,715	1,715
	399,771	413,472

8.	Related party transactions
	In Others creditors there are loans provided to the Company by the Directors of £395,713 (2021: £410,418). No interest is charged on these balances and thay are repayable on demand. During the prior year the Company wrote off a loan balance of £189,151 which was previously due to a company.

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