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REGISTERED NUMBER: 14103110 (England and Wales)







FINANCIAL STATEMENTS

FOR THE PERIOD 12TH MAY 2022 TO 31ST MAY 2023

FOR

THE WHITE LION (BRIDGNORTH) LIMITED

THE WHITE LION (BRIDGNORTH) LIMITED (REGISTERED NUMBER: 14103110)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 12TH MAY 2022 TO 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE WHITE LION (BRIDGNORTH) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 12TH MAY 2022 TO 31ST MAY 2023







DIRECTORS: M. L. Knott
J E Knott
Mrs E. M. Knott





SECRETARY:





REGISTERED OFFICE: The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP





REGISTERED NUMBER: 14103110 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

THE WHITE LION (BRIDGNORTH) LIMITED (REGISTERED NUMBER: 14103110)

BALANCE SHEET
31ST MAY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,064,247

CURRENT ASSETS
Stocks 22,389
Cash at bank and in hand 22,571
44,960
CREDITORS
Amounts falling due within one year 5 65,040
NET CURRENT LIABILITIES (20,080 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,044,167

CREDITORS
Amounts falling due after more than one
year

6

555,000
NET ASSETS 489,167

CAPITAL AND RESERVES
Called up share capital 500,000
Retained earnings (10,833 )
489,167

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th February 2024 and were signed on its behalf by:





M. L. Knott - Director


THE WHITE LION (BRIDGNORTH) LIMITED (REGISTERED NUMBER: 14103110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12TH MAY 2022 TO 31ST MAY 2023

1. STATUTORY INFORMATION

The White Lion (Bridgnorth) 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
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.
Land and buildings - 1% on cost
Plant and machinery etc - 20% on cost and 20% on reducing balance

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 period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

THE WHITE LION (BRIDGNORTH) LIMITED (REGISTERED NUMBER: 14103110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12TH MAY 2022 TO 31ST MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST
Additions 1,078,692 1,022,654 56,038
At 31st May 2023 1,078,692 1,022,654 56,038
DEPRECIATION
Charge for period 14,445 3,237 11,208
At 31st May 2023 14,445 3,237 11,208
NET BOOK VALUE
At 31st May 2023 1,064,247 1,019,417 44,830

Included in cost of land and buildings is freehold land of £ 150,000 which is not depreciated.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 35,479
Taxation and social security 10,742
Other creditors 18,819
65,040

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Other creditors 555,000