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REGISTERED NUMBER: 01448006 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

WHITSTONE HOUSE LIMITED

WHITSTONE HOUSE LIMITED (REGISTERED NUMBER: 01448006)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITSTONE HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs M J Grant
D J Vaughan





SECRETARY: Mrs M J Grant





REGISTERED OFFICE: Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD





REGISTERED NUMBER: 01448006 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

WHITSTONE HOUSE LIMITED (REGISTERED NUMBER: 01448006)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 641,231 637,077

CURRENT ASSETS
Stocks 1,700 1,700
Debtors 5 496 496
Cash at bank and in hand 6,313 4,028
8,509 6,224
CREDITORS
Amounts falling due within one year 6 128,007 121,851
NET CURRENT LIABILITIES (119,498 ) (115,627 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

521,733

521,450

CREDITORS
Amounts falling due after more than one
year

7

66,196

52,673
NET ASSETS 455,537 468,777

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Revaluation reserve 9 330,758 330,758
Capital redemption reserve 20,000 20,000
Retained earnings 64,779 78,019
SHAREHOLDERS' FUNDS 455,537 468,777

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

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

WHITSTONE HOUSE LIMITED (REGISTERED NUMBER: 01448006)

BALANCE SHEET - continued
31 OCTOBER 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 24 July 2024 and were signed on its behalf by:





D J Vaughan - Director


WHITSTONE HOUSE LIMITED (REGISTERED NUMBER: 01448006)

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

1. STATUTORY INFORMATION

Whitstone House 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.

Turnover
Turnover represents amounts receivable for bar sales from licenced premises, from farming activities, and furnished holiday lettings, net of applicable value added tax. Bar sales are recognised at the point of sale. Sales from farming activities are also recognised at the point of sale, or in relation to auctioned livestock when auctioned price was agreed and the contract was made. Furnished holiday lettings is recognised when the booking is completed and paid in full.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost and not provided
Fixtures, fittings & equipment - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - Straight line over 3 years

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 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.

3. EMPLOYEES AND DIRECTORS

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

WHITSTONE HOUSE LIMITED (REGISTERED NUMBER: 01448006)

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

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Motor Computer
property & equipment vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2022 696,818 79,801 17,800 2,095 796,514
Additions - - 24,395 - 24,395
Disposals - (466 ) (9,700 ) - (10,166 )
At 31 October 2023 696,818 79,335 32,495 2,095 810,743
DEPRECIATION
At 1 November 2022 71,369 68,173 17,800 2,095 159,437
Charge for year 12,199 1,943 6,099 - 20,241
Eliminated on disposal - (466 ) (9,700 ) - (10,166 )
At 31 October 2023 83,568 69,650 14,199 2,095 169,512
NET BOOK VALUE
At 31 October 2023 613,250 9,685 18,296 - 641,231
At 31 October 2022 625,449 11,628 - - 637,077

The freehold property at Eastcott Farm, North Tamerton, Holsworthy, Devon was revalued at open market value at £900,000 on 31 October 2012 by Staggs, Chartered Surveyors. Since this date farmland valued at £250,000 was sold during the year ending 31 October 2013, £108,500 in the year ending 31st October 2017 and a further parcel of land was sold in the year ended 31st October 2020 for £22,000. The directors believe that the current net book value disclosed in the accounts is a fair value and would not be materially different to the actual value and have therefore not carried out a valuation.

Cost or valuation at 31 October 2023 is represented by:

Fixtures,
Freehold fittings Motor Computer
property & equipment vehicles equipment Totals
£    £    £    £    £   
Valuation in 2008 361,033 - - - 361,033
Valuation in 2011 (39,858 ) - - - (39,858 )
Valuation in 2012 90,992 - - - 90,992
Valuation in 2013 (81,408 ) - - - (81,408 )
Cost 366,059 79,335 32,495 2,095 479,984
696,818 79,335 32,495 2,095 810,743

WHITSTONE HOUSE LIMITED (REGISTERED NUMBER: 01448006)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
Additions 24,395
At 31 October 2023 24,395
DEPRECIATION
Charge for year 6,099
At 31 October 2023 6,099
NET BOOK VALUE
At 31 October 2023 18,296

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
ACT recoverable 496 496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 6,835 9,711
Other loans 53,100 49,080
Hire purchase contracts 3,515 -
Trade creditors 3,315 2,855
Other creditors 3,178 1,800
Directors' current accounts 55,615 56,215
Accrued expenses 2,449 2,190
128,007 121,851

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 2-5 years 39,589 36,094
Bank loans over 5 years 10,051 16,579
Hire purchase contracts 16,556 -
66,196 52,673

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 10,051 16,579

WHITSTONE HOUSE LIMITED (REGISTERED NUMBER: 01448006)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 56,475 62,384
Hire purchase contracts 20,071 -
76,546 62,384

9. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 330,758

10. RELATED PARTY DISCLOSURES

The directors current accounts represents amounts owing to the directors at the end of the accounting year.
In addition, a loan totalling £53,100 is owed to shareholder D J Whitmill.

11. ULTIMATE CONTROLLING PARTY

Whitstone House Limited is under the control of D J Whitmill, by virtue of the fact that he owns 85% of the issued voting share capital.