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REGISTERED NUMBER: 00990945 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE WHITEHOUSE CENTRE LTD

THE WHITEHOUSE CENTRE LTD (REGISTERED NUMBER: 00990945)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WHITEHOUSE CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs. H Hogarty
Mr. D Hogarty



SECRETARY: Mrs. H Hogarty



REGISTERED OFFICE: North Whitehouse Farm
Stannington
Morpeth
Northumberland
NE61 6AW



REGISTERED NUMBER: 00990945 (England and Wales)



ACCOUNTANTS: Read, Milburn & Co
71 Howard Street
North Shields
Tyne and Wear
NE30 1AF



BANKERS: TSB Bank plc
3-5 Newgate Street
Morpeth
Northumberland
NE61 1AN

THE WHITEHOUSE CENTRE LTD (REGISTERED NUMBER: 00990945)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,567,946 1,376,155

CURRENT ASSETS
Stocks 104,505 84,863
Debtors 5 53,229 51,448
Cash at bank 765,641 754,919
923,375 891,230
CREDITORS
Amounts falling due within one year 6 692,519 787,338
NET CURRENT ASSETS 230,856 103,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,798,802

1,480,047

PROVISIONS FOR LIABILITIES 194,424 140,733
NET ASSETS 1,604,378 1,339,314

CAPITAL AND RESERVES
Called up share capital 194,000 194,000
Revaluation reserve 8 124,720 129,917
Capital redemption reserve 7,307 7,307
Retained earnings 1,278,351 1,008,090
1,604,378 1,339,314

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 WHITEHOUSE CENTRE LTD (REGISTERED NUMBER: 00990945)

BALANCE SHEET - continued
31 DECEMBER 2023


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 16 April 2024 and were signed on its behalf by:





Mr. D Hogarty - Director


THE WHITEHOUSE CENTRE LTD (REGISTERED NUMBER: 00990945)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Whitehouse Centre Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest £.

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 as modified by the revaluation of certain fixed assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. Income is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance and 10% on cost
Fixtures and fittings - 33% on cost and 15% 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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year 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.


THE WHITEHOUSE CENTRE LTD (REGISTERED NUMBER: 00990945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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 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.

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 year was 37 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 1,178,131 1,760,999 125,774 3,064,904
Additions - 368,274 - 368,274
At 31 December 2023 1,178,131 2,129,273 125,774 3,433,178
DEPRECIATION
At 1 January 2023 379,236 1,215,701 93,812 1,688,749
Charge for year 23,546 144,318 8,619 176,483
At 31 December 2023 402,782 1,360,019 102,431 1,865,232
NET BOOK VALUE
At 31 December 2023 775,349 769,254 23,343 1,567,946
At 31 December 2022 798,895 545,298 31,962 1,376,155

THE WHITEHOUSE CENTRE LTD (REGISTERED NUMBER: 00990945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Valuation in 1997 313,339 - - 313,339
Cost 864,792 2,129,273 125,774 3,119,839
1,178,131 2,129,273 125,774 3,433,178

If freehold buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 864,792 864,792
Aggregate depreciation 246,112 228,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,524 4,025
Other debtors 50,705 47,423
53,229 51,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 27,879 45,808
Taxation and social security 92,305 149,272
Other creditors 572,335 592,258
692,519 787,338

THE WHITEHOUSE CENTRE LTD (REGISTERED NUMBER: 00990945)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 2,086

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023 129,917
Depreciation release (5,197 )

At 31 December 2023 124,720

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr. D Hogarty and Mrs. H Hogarty
Balance outstanding at start of year 20,463 6,500
Amounts advanced - 20,463
Amounts repaid (20,463 ) (6,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,463

10. RELATED PARTY DISCLOSURES

Included in Other creditors is an amount of £561,643 (2022 - £582,107) owing to DPH Construction (North East) Limited, a company in which the directors of The Whitehouse Centre Ltd are also the directors.