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REGISTERED NUMBER: 13732286 (England and Wales)













Financial Statements

for the Year Ended 31 July 2023

for

Whinstone View Limited

Whinstone View Limited (Registered number: 13732286)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Whinstone View Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: G Wilson
C Wilson
J Wilson
H Wilson





REGISTERED OFFICE: River Drive
South Shields
Tyne and Wear
NE33 1LH





REGISTERED NUMBER: 13732286 (England and Wales)





AUDITORS: TTR Barnes Limited
Chartered Accountants and Statutory Auditors
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Whinstone View Limited (Registered number: 13732286)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,061,208 1,364,055
Tangible assets 5 2,403,853 2,182,599
3,465,061 3,546,654

CURRENT ASSETS
Stocks 28,362 21,103
Debtors 6 42,007 27,305
Cash at bank and in hand 365,133 362,758
435,502 411,166
CREDITORS
Amounts falling due within one year 7 4,020,205 3,854,294
NET CURRENT LIABILITIES (3,584,703 ) (3,443,128 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(119,642

)

103,526

CREDITORS
Amounts falling due after more than one
year

8

-

(116,985

)

PROVISIONS FOR LIABILITIES (20,552 ) (3,305 )
NET LIABILITIES (140,194 ) (16,764 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (140,294 ) (16,864 )
(140,194 ) (16,764 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





G Wilson - Director


Whinstone View Limited (Registered number: 13732286)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Whinstone View 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, there was a net liability position at the balance sheet date, however the directors and group have confirmed continued support.

Related party exemption
The company 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 and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Income is recognised at point of fruition; period of service for holiday homes and point of sale for food and activities.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 3% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% Straight line

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.


Whinstone View Limited (Registered number: 13732286)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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 year was 70 (2022 - 66 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 1,514,234
AMORTISATION
At 1 August 2022 150,179
Charge for year 302,847
At 31 July 2023 453,026
NET BOOK VALUE
At 31 July 2023 1,061,208
At 31 July 2022 1,364,055

Whinstone View Limited (Registered number: 13732286)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 2,145,128 - 37,944 3,306 2,186,378
Additions - 166,439 74,601 352 241,392
Disposals - - - (2,507 ) (2,507 )
At 31 July 2023 2,145,128 166,439 112,545 1,151 2,425,263
DEPRECIATION
At 1 August 2022 - - 3,576 203 3,779
Charge for year - 1,796 15,642 334 17,772
Eliminated on disposal - - - (141 ) (141 )
At 31 July 2023 - 1,796 19,218 396 21,410
NET BOOK VALUE
At 31 July 2023 2,145,128 164,643 93,327 755 2,403,853
At 31 July 2022 2,145,128 - 34,368 3,103 2,182,599

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 42,007 27,305

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 114,838 66,253
Amounts owed to group undertakings 3,371,002 3,232,675
Tax 30,984 20,256
Social security and other taxes 13,916 8,676
VAT 46,117 33,406
Other creditors 122,249 122,249
Customer deposits 293,596 347,682
Accrued expenses 27,503 23,097
4,020,205 3,854,294

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 116,985

9. SECURED DEBTS

There is an unlimited debenture and a letter of set off in place across the company. This is with UK Docks Marine Services North.

Whinstone View Limited (Registered number: 13732286)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David J Cook FCCA (Senior Statutory Auditor)
for and on behalf of TTR Barnes Limited

11. AUDITOR LIABILITY LIMITATION AGREEMENT

The limitation of liability in respect of this audit is 10 times the audit fee which was agreed in the terms of our engagement letter dated 1st August 2022.

12. PARENT COMPANY

The ultimate parent company is Wilson Group Holdings Ltd, a company registered in England and Wales.

Wilson Group Holdings Ltd prepare group financial statements and the registered office is River Drive, South Shields, Tyne and Wear, NE33 1LH.