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REGISTERED NUMBER: 06052736 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WHITESTONE RETAIL AND LEISURE LIMITED

WHITESTONE RETAIL AND LEISURE LIMITED (REGISTERED NUMBER: 06052736)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WHITESTONE RETAIL AND LEISURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr J R Hocking
Mr N Howard
Mrs S Hocking
Miss C A Cullen





SECRETARY: Mr J R Hocking





REGISTERED OFFICE: Egerton House
55 Hoole Road
Chester
CH2 3NJ





REGISTERED NUMBER: 06052736 (England and Wales)





ACCOUNTANTS: Livesey Spottiswood Ltd
Chartered Accountants
17 George Street
St Helens
Merseyside
WA10 1DB

WHITESTONE RETAIL AND LEISURE LIMITED (REGISTERED NUMBER: 06052736)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 720,152 723,795
Investment property 5 2,435,000 2,405,000
3,155,152 3,128,795

CURRENT ASSETS
Debtors 156,761 235,719
Cash at bank and in hand 61,849 91,355
218,610 327,074
CREDITORS
Amounts falling due within one year (344,625 ) (407,512 )
NET CURRENT LIABILITIES (126,015 ) (80,438 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,029,137

3,048,357

CREDITORS
Amounts falling due after more than one year (634,346 ) (656,934 )

PROVISIONS FOR LIABILITIES (91,280 ) (91,280 )
NET ASSETS 2,303,511 2,300,143

CAPITAL AND RESERVES
Called up share capital 6 200 200
Revaluation reserve 7 30,000 -
Retained earnings 2,273,311 2,299,943
SHAREHOLDERS' FUNDS 2,303,511 2,300,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

WHITESTONE RETAIL AND LEISURE LIMITED (REGISTERED NUMBER: 06052736)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 September 2024 and were signed on its behalf by:





Mr J R Hocking - Director


WHITESTONE RETAIL AND LEISURE LIMITED (REGISTERED NUMBER: 06052736)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Whitestone Retail and Leisure 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.

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


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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the rendering of services is recognised as those services are delivered.

Other operating income

Rental income arises from rental of the investment properties. This is invoiced and received in the month in which it relates.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery-20% on reducing balance
Fixtures and fittings-15% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment-25% on cost

Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Leasing commitments
Rentals payable under operating leases are charged against profits on a straight line basis over the periods of the leases.

WHITESTONE RETAIL AND LEISURE LIMITED (REGISTERED NUMBER: 06052736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

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.

Investment properties
Investment properties are initially recognised at cost. Cost includes the purchase price and any legal and professional fees in connection with the acquisition of the property.

At each reporting date, the properties are valued at fair value, where the fair value can be measured reliably without undue cost or effort with any changes in fair value recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 819,828
Additions 31,706
At 31 January 2024 851,534
DEPRECIATION
At 1 February 2023 96,033
Charge for year 35,349
At 31 January 2024 131,382
NET BOOK VALUE
At 31 January 2024 720,152
At 31 January 2023 723,795

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 2,405,000
Revaluations 30,000
At 31 January 2024 2,435,000
NET BOOK VALUE
At 31 January 2024 2,435,000
At 31 January 2023 2,405,000

The investment properties were revalued on 31 January 2024. by the directors, on an open market value basis.The value of the investment properties held at that date was £2,435,000.

On a historical cost basis, investment properties would have been included at cost of £1,043,818.

WHITESTONE RETAIL AND LEISURE LIMITED (REGISTERED NUMBER: 06052736)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2012 40,965
Valuation in 2016 537,653
Valuation in 2022 782,564
Valuation in 2024 30,000
Cost 1,043,818
2,435,000

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 A Ordinary 1 100 100
50 B Ordinary 1 50 50
50 C Ordinary 1 50 50
200 200

7. RESERVES
Revaluation
reserve
£   
Revaluation of investment prop
erties 30,000

At 31 January 2024 30,000