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REGISTERED NUMBER: 11507717 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023

FOR

THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED

THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED (REGISTERED NUMBER: 11507717)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED (REGISTERED NUMBER: 11507717)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.8.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 48,138 81,881
Investment property 5 903,158 893,119
951,296 975,000

CURRENT ASSETS
Debtors 6 - 3,145
Cash at bank 79 23,120
79 26,265
CREDITORS
Amounts falling due within one year 7 (9,806 ) (24,378 )
NET CURRENT (LIABILITIES)/ASSETS (9,727 ) 1,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

941,569

976,887

CREDITORS
Amounts falling due after more than one
year

8

(759,645

)

(640,455

)
NET ASSETS 181,924 336,432

CAPITAL AND RESERVES
Called up share capital 1,337,500 1,337,500
Retained earnings (1,155,576 ) (1,001,068 )
181,924 336,432

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

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

THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED (REGISTERED NUMBER: 11507717)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 September 2024 and were signed on its behalf by:





S Walker - Director


THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED (REGISTERED NUMBER: 11507717)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023


1. STATUTORY INFORMATION

The White Lion Community Pub Hankelow Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11507717

Registered office: The White Lion
Audlem Road
Hankelow
Crewe
CW3 0JA

The principal activity of the company is that of an investment property company.

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
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.33% reducing balance

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.

THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED (REGISTERED NUMBER: 11507717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TAXATION
Taxation for the period 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 statement of financial position date.


THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED (REGISTERED NUMBER: 11507717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

GOING CONCERN
The financial statements have been prepared on the going concern basis which assumes that the company will continue to trade for the foreseeable future, and continue to receive the support from the company directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022 75,297 46,913 122,210
Additions - 4,081 4,081
At 31 December 2023 75,297 50,994 126,291
DEPRECIATION
At 1 September 2022 24,848 15,481 40,329
Charge for period 22,198 15,626 37,824
At 31 December 2023 47,046 31,107 78,153
NET BOOK VALUE
At 31 December 2023 28,251 19,887 48,138
At 31 August 2022 50,449 31,432 81,881

THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED (REGISTERED NUMBER: 11507717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 893,119
Additions 10,039
At 31 December 2023 903,158
NET BOOK VALUE
At 31 December 2023 903,158
At 31 August 2022 893,119

The property was valued on an open market basis by Colliers International Valuation UK LLP in December 2022. The directors consider this the fair value of the property at 31 December 2023.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 (852,459 )
Cost 1,755,617
903,158

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Trade debtors - 3,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Trade creditors - 20,533
Taxation and social security 8,535 2,820
Other creditors 1,271 1,025
9,806 24,378

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.8.22
£    £   
Other creditors 759,645 640,455

Other loans are secured by way of charges dated 28 January 2021 and 21 April 2023 in favour of Nantwich Estates Ltd and Phian Ltd, with security over all assets of the company.

THE WHITE LION COMMUNITY PUB HANKELOW
LIMITED (REGISTERED NUMBER: 11507717)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 DECEMBER 2023


9. GOING CONCERN

The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business for the foreseeable future.