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REGISTERED NUMBER: 13773451 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

R & B WHARTON LIMITED

R & B WHARTON LIMITED (REGISTERED NUMBER: 13773451)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & B WHARTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Robert Wharton
Mrs Bilyana Kirilova Wharton





REGISTERED OFFICE: Long Lane Gatehouse
Meads Lane
Seamer
Scarborough
North Yorkshire
YO12 4QE





REGISTERED NUMBER: 13773451 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

R & B WHARTON LIMITED (REGISTERED NUMBER: 13773451)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 976,594 976,876

CURRENT ASSETS
Stocks 300 1,000
Debtors 5 45,449 12,157
Cash at bank and in hand 10,546 7,064
56,295 20,221
CREDITORS
Amounts falling due within one year 6 395,359 354,456
NET CURRENT LIABILITIES (339,064 ) (334,235 )
TOTAL ASSETS LESS CURRENT LIABILITIES 637,530 642,641

CREDITORS
Amounts falling due after more than one
year

7

(167,800

)

(181,310

)

PROVISIONS FOR LIABILITIES (998 ) -
NET ASSETS 468,732 461,331

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 9 477,800 477,800
Retained earnings 9 (9,268 ) (16,669 )
468,732 461,331

R & B WHARTON LIMITED (REGISTERED NUMBER: 13773451)

BALANCE SHEET - continued
31 MARCH 2024


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

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

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr Robert Wharton - Director


R & B WHARTON LIMITED (REGISTERED NUMBER: 13773451)

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


1. STATUTORY INFORMATION

R & B Wharton 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 (£).


The level of rounding used in the financial statements is to the nearest £1.

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.

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value
added tax, of sales made during the year. Sales are recognised in the profit and loss account in the
period in which the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% 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.

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.

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.

R & B WHARTON LIMITED (REGISTERED NUMBER: 13773451)

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


2. ACCOUNTING POLICIES - continued

Basis of preparation - going concern
In assessing the appropriateness of the application of the going concern basis, the directors have considered the uncertainties around the general economic environment, the current and future trading performance of the company and the available cash. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 April 2023 952,543 10,000 15,000 977,543
Additions - - 3,997 3,997
At 31 March 2024 952,543 10,000 18,997 981,540
DEPRECIATION
At 1 April 2023 - 167 500 667
Charge for year - 1,000 3,279 4,279
At 31 March 2024 - 1,167 3,779 4,946
NET BOOK VALUE
At 31 March 2024 952,543 8,833 15,218 976,594
At 31 March 2023 952,543 9,833 14,500 976,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,800 -
Other debtors 34,649 12,157
45,449 12,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,606 15,283
Trade creditors 11,485 8,033
Amounts owed to associates 356,850 318,000
Taxation and social security 7,273 376
Other creditors 3,145 12,764
395,359 354,456

R & B WHARTON LIMITED (REGISTERED NUMBER: 13773451)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 167,800 181,310

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 109,457 124,473

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 184,406 196,593

The bank borrowings are secured by a first legal mortgage over freehold property owned by the
company and a debenture comprising a fixed and floating charge over all assets and undertakings
of the company.

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 (16,669 ) 477,800 461,131
Profit for the year 11,901 11,901
Dividends (4,500 ) (4,500 )
At 31 March 2024 (9,268 ) 477,800 468,532

10. RELATED PARTY DISCLOSURES

Included within creditors due within one year is £356,850 owed to Wharton Properties Scarborough Limited, a connected company. The loan is deemed to be repayable on demand and no interest has been charged by the company on the amount outstanding.