Whittington Hall Estates Limited Filleted accounts for Companies House (small and micro)

WHITTINGTON HALL ESTATES LIMITED - Company Information

2 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03203534 2022-04-01 2023-03-31 03203534 2023-03-31 03203534 2022-03-31 03203534 2021-04-01 2022-03-31 03203534 2022-03-31 03203534 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 03203534 bus:Director2 2022-04-01 2023-03-31 03203534 core:WithinOneYear 2023-03-31 03203534 core:WithinOneYear 2022-03-31 03203534 core:LandBuildings 2022-03-31 03203534 core:PlantMachinery 2022-03-31 03203534 core:MotorVehicles 2022-03-31 03203534 core:LandBuildings 2023-03-31 03203534 core:PlantMachinery 2023-03-31 03203534 core:MotorVehicles 2023-03-31 03203534 core:ShareCapital 2023-03-31 03203534 core:ShareCapital 2022-03-31 03203534 core:RetainedEarningsAccumulatedLosses 2023-03-31 03203534 core:RetainedEarningsAccumulatedLosses 2022-03-31 03203534 core:PlantMachinery 2022-04-01 2023-03-31 03203534 core:MotorVehicles 2022-04-01 2023-03-31 03203534 core:LandBuildings 2022-03-31 03203534 core:PlantMachinery 2022-03-31 03203534 bus:SmallEntities 2022-04-01 2023-03-31 03203534 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03203534 bus:FullAccounts 2022-04-01 2023-03-31 03203534 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03203534 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03203534 bus:OrdinaryShareClass1 2023-03-31 03203534 bus:OrdinaryShareClass1 2022-03-31 03203534 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31

COMPANY REGISTRATION NUMBER: 03203534

WHITTINGTON HALL ESTATES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2023

WHITTINGTON HALL ESTATES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

Contents	Pages

Balance sheet 1 to 2

Notes to the financial statements 3 to 5

WHITTINGTON HALL ESTATES LIMITED

BALANCE SHEET

31 March 2023

	2023	2022
Note	£	£

Fixed assets

Tangible assets	5	33,119	36,727

Current assets

Debtors	6	4,223	3,120
Cash at bank and in hand		71,592	21,110
		-------------	-------------
		75,815	24,230

Creditors: amounts falling due within one year	7	( 1,470,288)	( 1,438,823)
		-------------	-------------
Net current liabilities		( 1,394,473)	( 1,414,593)
		-------------	-------------
Total assets less current liabilities		( 1,361,354)	( 1,377,866)
		-------------	-------------
Net liabilities		( 1,361,354)	( 1,377,866)
		-------------	-------------

Capital and reserves

Called up share capital	8	2	2
Profit and loss account		( 1,361,356)	( 1,377,868)
		-------------	-------------
Shareholders deficit		( 1,361,354)	( 1,377,866)
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

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

WHITTINGTON HALL ESTATES LIMITED

BALANCE SHEET (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 9 November 2023 , and are signed on behalf of the board by:

T Pearson-Burton

Director

Company registration number: 03203534

WHITTINGTON HALL ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lane House, Kendal Road, Kirkby Lonsdale, Carnforth, LA6 2HH. The principal place of business is Whittington Hall, Whittington, Carnforth, LA6 2NY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest £. Going concern The company meets its day to day working capital requirements through the continued support of The Whittington Settlement, a trust which falls within the definition of a related party in accordance with FRS102. The directors have a reasonable expectation that the trust will continue this support and the company will have adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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:

Agricultural buildings	-	25 years
Plant and machinery	-	10 years
Motor vehicles	-	4 years

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2022 and 31 March 2023	54,445	251,835	17,236	323,516
	-------------	-------------	-------------	-------------
Depreciation
At 1 April 2022	28,794	240,759	17,236	286,789
Charge for the year	–	3,608	–	3,608
	-------------	-------------	-------------	-------------
At 31 March 2023	28,794	244,367	17,236	290,397
	-------------	-------------	-------------	-------------
Carrying amount
At 31 March 2023	25,651	7,468	–	33,119
	-------------	-------------	-------------	-------------
At 31 March 2022	25,651	11,076	–	36,727
	-------------	-------------	-------------	-------------

6. Debtors

	2023	2022
	£	£
Trade debtors	3,855	2,678
Prepayments and accrued income	98	172
Other debtors	270	270
	-------------	-------------
	4,223	3,120
	-------------	-------------

7. Creditors: amounts falling due within one year

	2023	2022
	£	£
Trade creditors	19,394	12,727
Accruals and deferred income	5,388	4,394
Social security and other taxes	12,198	12,198
The Whittington Settlement	1,354,536	1,353,736
Whittington Farmlands Limited	78,772	55,768
	-------------	-------------
	1,470,288	1,438,823
	-------------	-------------

8. Called up share capital

Issued, called up and fully paid

	2023		2022
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	-------------	-------------	-------------	-------------

9. Related party transactions

Included in other creditors is a balance of £1,354,536 (2022: £1,353,736) which is due to The Whittington Settlement, a trust which falls within the definition of a related party in accordance with FRS 102.

10. Control

The company was under the control of Mr T J Haggie and Mr N J V Poole throughout the current and previous year.