IRIS Accounts Production v23.3.1.45 12012137 Board of Directors Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120121372022-05-31120121372023-05-31120121372022-06-012023-05-31120121372021-05-31120121372021-06-012022-05-31120121372022-05-3112012137ns10:Originalns15:EnglandWales2022-06-012023-05-3112012137ns14:PoundSterlingns10:Original2022-06-012023-05-3112012137ns10:Originalns10:Director12022-06-012023-05-3112012137ns10:Original2022-06-012023-05-3112012137ns10:Originalns10:Director22022-06-012023-05-3112012137ns10:Original2023-05-3112012137ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3112012137ns10:Originalns10:SmallEntities2022-06-012023-05-3112012137ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3112012137ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3112012137ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3112012137ns10:Originalns10:FullAccounts2022-06-012023-05-3112012137ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3112012137ns10:Originalns10:RegisteredOffice2022-06-012023-05-3112012137ns10:Original2022-05-3112012137ns10:Originalns5:CurrentFinancialInstruments2023-05-3112012137ns10:Originalns5:CurrentFinancialInstruments2022-05-3112012137ns10:Originalns5:Non-currentFinancialInstruments2023-05-3112012137ns10:Originalns5:Non-currentFinancialInstruments2022-05-3112012137ns5:ShareCapitalns10:Original2023-05-3112012137ns5:ShareCapitalns10:Original2022-05-3112012137ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3112012137ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-3112012137ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3112012137ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3112012137ns10:Original2021-06-012022-05-3112012137ns10:Original2022-05-3112012137ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3112012137ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3112012137ns10:Originalns5:DeferredTaxation2022-05-3112012137ns10:Originalns5:DeferredTaxation2022-06-012023-05-3112012137ns10:Originalns5:DeferredTaxation2023-05-3112012137ns10:Originalns10:OrdinaryShareClass12023-05-3112012137ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3112012137ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-05-3112012137ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31
REGISTERED NUMBER: 12012137 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 May 2023

for

Whitbread Lavers Estates Limited

Whitbread Lavers Estates Limited (Registered number: 12012137)

Contents of the Financial Statements
For The Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitbread Lavers Estates Limited

Company Information
For The Year Ended 31 May 2023







DIRECTORS: L J Lavers
J C Whitbread





REGISTERED OFFICE: 10-12 Mulberry Green
Harlow
Essex
CM17 0ET





REGISTERED NUMBER: 12012137 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

Whitbread Lavers Estates Limited (Registered number: 12012137)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 120,422 136,999

CURRENT ASSETS
Debtors 5 261,800 511,800
Cash at bank and in hand 2,232 1,135
264,032 512,935
CREDITORS
Amounts falling due within one year 6 557,295 799,999
NET CURRENT LIABILITIES (293,263 ) (287,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(172,841

)

(150,065

)

CREDITORS
Amounts falling due after more than one
year

7

(92,662

)

(100,162

)

PROVISIONS FOR LIABILITIES 9 (786 ) (3,936 )
NET LIABILITIES (266,289 ) (254,163 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 3,352 16,779
Retained earnings 11 (269,643 ) (270,944 )
SHAREHOLDERS' FUNDS (266,289 ) (254,163 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Whitbread Lavers Estates Limited (Registered number: 12012137)

Balance Sheet - continued
31 May 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 20 February 2024 and were signed on its behalf by:




J C Whitbread - Director



L J Lavers - Director


Whitbread Lavers Estates Limited (Registered number: 12012137)

Notes to the Financial Statements
For The Year Ended 31 May 2023


1. STATUTORY INFORMATION

Whitbread Lavers Estates 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.


Whitbread Lavers Estates Limited (Registered number: 12012137)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Grants relating to revenue shall be recpgnised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 136,999
Revaluations (16,577 )
At 31 May 2023 120,422
NET BOOK VALUE
At 31 May 2023 120,422
At 31 May 2022 136,999

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2022 20,715
Valuation in 2023 (16,578 )
Cost 116,285
120,422

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

2023 2022
£    £   
Cost 116,284 116,284

Investment property was valued on an open market basis on 31 May 2023 by the Directors .

Whitbread Lavers Estates Limited (Registered number: 12012137)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 261,800 511,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Other creditors 547,295 789,999
557,295 799,999

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 92,662 100,162

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable after
more than five years 68,495 68,495
68,495 68,495

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 68,495 68,495

The mortgage is secured on the Freehold property.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 786 3,936

Deferred
tax
£   
Balance at 1 June 2022 3,936
Utilised during year (3,150 )
Balance at 31 May 2023 786

Whitbread Lavers Estates Limited (Registered number: 12012137)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2022 (270,944 ) 16,779 (254,165 )
Deficit for the year (12,126 ) (12,126 )
Uplift in value 16,577 (16,577 ) -
Tax on uplift in value (3,150 ) 3,150 -
At 31 May 2023 (269,643 ) 3,352 (266,291 )