Silverfin false false 30/11/2023 01/12/2022 30/11/2023 Mrs F L Butler 04/04/2017 Mr M J Jeavons 04/04/2017 Mr T J Jeavons 04/04/2017 29 August 2024 The principal activity of the Company during the financial year is that of a garden centre. 10706926 2023-11-30 10706926 bus:Director1 2023-11-30 10706926 bus:Director2 2023-11-30 10706926 bus:Director3 2023-11-30 10706926 2022-11-30 10706926 core:CurrentFinancialInstruments 2023-11-30 10706926 core:CurrentFinancialInstruments 2022-11-30 10706926 core:ShareCapital 2023-11-30 10706926 core:ShareCapital 2022-11-30 10706926 core:RetainedEarningsAccumulatedLosses 2023-11-30 10706926 core:RetainedEarningsAccumulatedLosses 2022-11-30 10706926 core:Goodwill 2022-11-30 10706926 core:Goodwill 2023-11-30 10706926 core:LeaseholdImprovements 2022-11-30 10706926 core:PlantMachinery 2022-11-30 10706926 core:FurnitureFittings 2022-11-30 10706926 core:LeaseholdImprovements 2023-11-30 10706926 core:PlantMachinery 2023-11-30 10706926 core:FurnitureFittings 2023-11-30 10706926 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-11-30 10706926 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-11-30 10706926 bus:OrdinaryShareClass1 2023-11-30 10706926 core:WithinOneYear 2023-11-30 10706926 core:WithinOneYear 2022-11-30 10706926 core:BetweenOneFiveYears 2023-11-30 10706926 core:BetweenOneFiveYears 2022-11-30 10706926 2022-12-01 2023-11-30 10706926 bus:FilletedAccounts 2022-12-01 2023-11-30 10706926 bus:SmallEntities 2022-12-01 2023-11-30 10706926 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 10706926 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10706926 bus:Director1 2022-12-01 2023-11-30 10706926 bus:Director2 2022-12-01 2023-11-30 10706926 bus:Director3 2022-12-01 2023-11-30 10706926 core:Goodwill core:TopRangeValue 2022-12-01 2023-11-30 10706926 core:LeaseholdImprovements core:TopRangeValue 2022-12-01 2023-11-30 10706926 core:PlantMachinery 2022-12-01 2023-11-30 10706926 core:FurnitureFittings 2022-12-01 2023-11-30 10706926 2021-12-01 2022-11-30 10706926 core:Goodwill 2022-12-01 2023-11-30 10706926 core:LeaseholdImprovements 2022-12-01 2023-11-30 10706926 core:LeaseholdImprovements 1 2022-12-01 2023-11-30 10706926 core:PlantMachinery 1 2022-12-01 2023-11-30 10706926 core:FurnitureFittings 1 2022-12-01 2023-11-30 10706926 1 2022-12-01 2023-11-30 10706926 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 10706926 bus:OrdinaryShareClass1 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10706926 (England and Wales)

WHITEHILL GARDEN CENTRE LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

WHITEHILL GARDEN CENTRE LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

WHITEHILL GARDEN CENTRE LIMITED

COMPANY INFORMATION

For the financial year ended 30 November 2023
WHITEHILL GARDEN CENTRE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 November 2023
DIRECTORS Mrs F L Butler
Mr M J Jeavons
Mr T J Jeavons
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
COMPANY NUMBER 10706926 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
WHITEHILL GARDEN CENTRE LIMITED

BALANCE SHEET

As at 30 November 2023
WHITEHILL GARDEN CENTRE LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 10,799 13,499
Tangible assets 4 184,899 197,442
195,698 210,941
Current assets
Stocks 73,646 78,042
Debtors 5 5,979 2,274
Cash at bank and in hand 15,074 4,244
94,699 84,560
Creditors: amounts falling due within one year 6 ( 259,972) ( 247,593)
Net current liabilities (165,273) (163,033)
Total assets less current liabilities 30,425 47,908
Net assets 30,425 47,908
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 30,325 47,808
Total shareholder's funds 30,425 47,908

For the financial year ending 30 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Whitehill Garden Centre Limited (registered number: 10706926) were approved and authorised for issue by the Board of Directors on 29 August 2024. They were signed on its behalf by:

Mr T J Jeavons
Director
WHITEHILL GARDEN CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
WHITEHILL GARDEN CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Whitehill Garden Centre Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is Stoke Road, Paignton, Devon, TQ4 7PF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £165,273 and is supported by associated companies. The directors have received assurances that the support will continue to be available for at least 12 months from the date of signing these financial statements. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the value of goods and services provided to date can be reliably measured.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/ reducing balance basis over its expected useful life, as follows:

Leasehold improvements 25 years straight line
Plant and machinery 25 % reducing balance
Fixtures and fittings 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stock are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell, the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 14

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 December 2022 26,999 26,999
At 30 November 2023 26,999 26,999
Accumulated amortisation
At 01 December 2022 13,500 13,500
Charge for the financial year 2,700 2,700
At 30 November 2023 16,200 16,200
Net book value
At 30 November 2023 10,799 10,799
At 30 November 2022 13,499 13,499

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 December 2022 208,169 26,053 28,902 263,124
Additions 0 0 699 699
At 30 November 2023 208,169 26,053 29,601 263,823
Accumulated depreciation
At 01 December 2022 32,404 17,281 15,997 65,682
Charge for the financial year 8,327 2,194 2,721 13,242
Rounding 0 0 0 0
At 30 November 2023 40,731 19,475 18,718 78,924
Net book value
At 30 November 2023 167,438 6,578 10,883 184,899
At 30 November 2022 175,765 8,772 12,905 197,442

5. Debtors

2023 2022
£ £
Trade debtors 0 75
Other debtors 5,979 2,199
5,979 2,274

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 7,604 7,225
Amounts owed to related parties 239,914 231,494
Accruals 3,250 3,250
Other taxation and social security 7,470 5,624
Other creditors 1,734 0
259,972 247,593

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 8,500 5,000
between one and five years 25,500 0
34,000 5,000

9. Ultimate controlling party

Parent Company:

Jeavons & Butler Limited
Registered in England & Wales