John Whalley Holdings Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 00485657 (England and Wales)

JOHN WHALLEY HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Whalley

SECRETARY:

REGISTERED OFFICE:

Slaters House

Wood End

Widdington

Essex

CB11 3SN

REGISTERED NUMBER:

00485657 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

FIXED ASSETS

Tangible assets

4

37,859

36,616

Investments

5

572,326

580,653

Investment property

6

341,413

341,413

951,598

958,682

CURRENT ASSETS

Stocks

23,600

28,000

Cash at bank

5,774

13,922

29,374

41,922

CREDITORS

Amounts falling due within one year

306,177

308,406

NET CURRENT LIABILITIES

(276,803

)

(266,484

)

TOTAL ASSETS LESS CURRENT LIABILITIES

674,795

692,198

CAPITAL AND RESERVES

Called up share capital

8,668

8,668

Capital redemption reserve

4,335

4,335

Retained earnings

661,792

679,195

SHAREHOLDERS' FUNDS

674,795

692,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 June 2023 and were signed by:

J M Whalley - Director

1.	STATUTORY INFORMATION

John Whalley Holdings 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

The turnover of the company represents the value, excluding value added tax, of gross rents receiveable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2021

70,274

Additions

5,670

At 31 October 2022

75,944

DEPRECIATION

At 1 November 2021

33,658

Charge for year

4,427

At 31 October 2022

38,085

NET BOOK VALUE

At 31 October 2022

37,859

At 31 October 2021

36,616

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 November 2021

580,653

Disposals

(8,327

)

At 31 October 2022

572,326

NET BOOK VALUE

At 31 October 2022

572,326

At 31 October 2021

580,653

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2021

and 31 October 2022

341,413

NET BOOK VALUE

At 31 October 2022

341,413

At 31 October 2021

341,413

7.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors the company is controlled by Mr J M Whalley who holds 60% of the company's issued share capital.