Warners Holdings Limited 31/03/2024 iXBRL
Warners Holdings Limited 31/03/2024 iXBRL
Company registration number:
10763148
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Statement of financial position
31 March 2024
2024 | 2023 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital | 7 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
13 May 2024
, and are signed on behalf of the board by:
Director
Director
Company registration number:
10763148
Notes to the financial statements
Year ended 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o MCL Accountants, 29-31 Shoebury Road, Southend-on-Sea, SS1 3RP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Impairment
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023:
2
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5.
Tangible assets
Freehold property | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost or valuation | ||||
At 1 April 2023 |
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Disposals |
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Revaluation |
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At 31 March 2024 |
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Depreciation | ||||
At 1 April 2023 | - |
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Charge for the year | - |
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At 31 March 2024 | - |
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Carrying amount | ||||
At 31 March 2024 |
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At 31 March 2023 |
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Investment property comprises of rental property. The fair value of the investment property has been arrived at on the basis of a valuation made on an open market value basis by reference to the market evidence of transaction prices for similar properties.
During the year, the company sold an investment property to an unrelated party.
6.
Creditors: amounts falling due within one year
2024 | 2023 | |||
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Corporation tax |
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Other creditors |
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7.
Called up share capital
Issued, called up and fully paid
2024 | 2023 | ||||||||
No | £ | No | £ | ||||||
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100 | 100 | 100 | 100 | |||||
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8.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2024 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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2023 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
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9.
Related party transactions
The company owes an amount of £243,058 (2023: £673,944) to the Directors which includes interest charged on Directors loans during the year. The loan is to be repayable on demand and the rate of interest charged is 1.75%.
Interest (net of tax) paid to Directors on loan values during the year amounted to:
Mrs Andrea Warner
£4,724
Mr Brendan Warner
£3,118
At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due in less than one year.