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REGISTERED NUMBER: OC325289 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Whitebridge Estates LLP

Whitebridge Estates LLP (Registered number: OC325289)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitebridge Estates LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: Mrs A B Baines
C J Baines





REGISTERED OFFICE: Whitebridge Ind. Estate
Whitebridge Lane
Stone
Staffordshire
ST15 8LQ





REGISTERED NUMBER: OC325289 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

Whitebridge Estates LLP (Registered number: OC325289)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,146,693 7,162,262

CURRENT ASSETS
Debtors 5 100,724 101,548
Cash at bank and in hand 39,327 55,356
140,051 156,904
CREDITORS
Amounts falling due within one year 6 467,195 437,877
NET CURRENT LIABILITIES (327,144 ) (280,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,819,549

6,881,289

CREDITORS
Amounts falling due after more than one
year

7

676,861

803,407
NET ASSETS ATTRIBUTABLE TO
MEMBERS

6,142,688

6,077,882

Whitebridge Estates LLP (Registered number: OC325289)

Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

506,497

441,691

MEMBERS' OTHER INTERESTS
Capital accounts 5,286,736 5,286,736
Revaluation reserve 9 349,455 349,455
6,142,688 6,077,882

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 506,497 441,691
Members' other interests 5,636,191 5,636,191
Amounts due from members 5 (7,568 ) -
6,135,120 6,077,882

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 6 November 2023 and were signed by:





C J Baines - Designated member

Whitebridge Estates LLP (Registered number: OC325289)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Whitebridge Estates LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant, machinery, fixtures & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2022 - 3 ) .

Whitebridge Estates LLP (Registered number: OC325289)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant,
property machinery,
and fixtures Motor Computer
improvements & fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 7,100,000 66,170 87,346 3,634 7,257,150
DEPRECIATION
At 1 April 2022 - 53,782 38,214 2,892 94,888
Charge for year - 3,100 12,283 186 15,569
At 31 March 2023 - 56,882 50,497 3,078 110,457
NET BOOK VALUE
At 31 March 2023 7,100,000 9,288 36,849 556 7,146,693
At 31 March 2022 7,100,000 12,388 49,132 742 7,162,262

Cost or valuation at 31 March 2023 is represented by:

Freehold Plant,
property machinery,
and fixtures Motor Computer
improvements & fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2019 349,455 - - - 349,455
Cost 6,750,545 66,170 87,346 3,634 6,907,695
7,100,000 66,170 87,346 3,634 7,257,150

If freehold property had not been revalued it would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 6,750,545 6,750,545

Freehold property was valued on an open market basis on 23 January 2019 by Vail Williams Property Consultants .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 88,066 87,405
Amounts due from members 7,568 -
Prepayments 5,090 14,143
100,724 101,548

Whitebridge Estates LLP (Registered number: OC325289)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 121,831 144,473
Hire purchase contracts 9,484 9,484
Trade creditors 52,779 46,622
Amounts owed to group undertakings 35,976 2,281
Social security and other taxes 3,036 2,427
Other creditors 4,949 4,523
Deposits held 76,250 61,918
Accruals and deferred income 152,225 155,729
Accrued expenses 10,665 10,420
467,195 437,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 630,546 747,608
Hire purchase contracts 46,315 55,799
676,861 803,407

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans and other debts due to members rank below all other creditors.

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 349,455

10. ULTIMATE CONTROLLING PARTY

Mr C J Baines and Mrs A Baines are both designated members. Mr Baines has a 61.66% controlling interest and is responsible for the day to day control of the business.