IRIS Accounts Production v24.2.0.383 01192560 Board of Directors 1.1.23 31.12.23 31.12.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011925602022-12-31011925602023-12-31011925602023-01-012023-12-31011925602021-12-31011925602022-01-012022-12-31011925602022-12-3101192560ns15:EnglandWales2023-01-012023-12-3101192560ns14:PoundSterling2023-01-012023-12-3101192560ns10:Director12023-01-012023-12-3101192560ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101192560ns10:SmallEntities2023-01-012023-12-3101192560ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3101192560ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101192560ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101192560ns10:FullAccounts2023-01-012023-12-3101192560ns10:Director22023-01-012023-12-3101192560ns10:CompanySecretary12023-01-012023-12-3101192560ns10:RegisteredOffice2023-01-012023-12-3101192560ns5:CurrentFinancialInstruments2023-12-3101192560ns5:CurrentFinancialInstruments2022-12-3101192560ns5:ShareCapital2023-12-3101192560ns5:ShareCapital2022-12-3101192560ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3101192560ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3101192560ns5:RetainedEarningsAccumulatedLosses2023-12-3101192560ns5:RetainedEarningsAccumulatedLosses2022-12-3101192560ns5:PlantMachinery2023-01-012023-12-3101192560ns5:LandBuildings2022-12-3101192560ns5:PlantMachinery2022-12-3101192560ns5:FurnitureFittings2022-12-3101192560ns5:LandBuildings2023-01-012023-12-3101192560ns5:FurnitureFittings2023-01-012023-12-3101192560ns5:LandBuildings2023-12-3101192560ns5:PlantMachinery2023-12-3101192560ns5:FurnitureFittings2023-12-3101192560ns5:LandBuildings2022-12-3101192560ns5:PlantMachinery2022-12-3101192560ns5:FurnitureFittings2022-12-3101192560ns5:CostValuation2022-12-3101192560ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101192560ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3101192560ns5:RetainedEarningsAccumulatedLosses2022-12-3101192560ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3101192560ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 01192560 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Whittaker Brothers (Leisure) Limited

Whittaker Brothers (Leisure) Limited (Registered number: 01192560)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Whittaker Brothers (Leisure) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A Buckley
J P Whittaker





SECRETARY: J P Whittaker





REGISTERED OFFICE: Rutland Way
Linney Lane
Shaw
Oldham
OL2 8HE





REGISTERED NUMBER: 01192560 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Whittaker Brothers (Leisure) Limited (Registered number: 01192560)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 - 630,597
Investments 4 1 1
1 630,598

CURRENT ASSETS
Stocks - 7,968
Debtors 5 25,377 108,316
Cash at bank 659,067 102,149
684,444 218,433
CREDITORS
Amounts falling due within one year 6 (71,307 ) (8,359 )
NET CURRENT ASSETS 613,137 210,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,138

840,672

PROVISIONS FOR LIABILITIES - (75,340 )
NET ASSETS 613,138 765,332

CAPITAL AND RESERVES
Called up share capital 1,453 1,453
Fair value reserve 7 - 425,830
Retained earnings 7 611,685 338,049
SHAREHOLDERS' FUNDS 613,138 765,332

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

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

Whittaker Brothers (Leisure) Limited (Registered number: 01192560)

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 Profit & loss statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





J P Whittaker - Director


Whittaker Brothers (Leisure) Limited (Registered number: 01192560)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance

INVESTMENTS IN SUBSIDIARIES
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.

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 Profit & loss 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.

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 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.

2. EMPLOYEES AND DIRECTORS

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

Whittaker Brothers (Leisure) Limited (Registered number: 01192560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 625,000 15,000 4,000 644,000
Disposals (625,000 ) (15,000 ) (4,000 ) (644,000 )
At 31 December 2023 - - - -
DEPRECIATION
At 1 January 2023 - 13,403 - 13,403
Eliminated on disposal - (13,403 ) - (13,403 )
At 31 December 2023 - - - -
NET BOOK VALUE
At 31 December 2023 - - - -
At 31 December 2022 625,000 1,597 4,000 630,597

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

The company's investment in the subsidiary undertaking represented the cost of acquisition (£853) of the whole of the ordinary share capital of Whittaker Bros. (Amusement Rides) Limited, a company registered in England and Wales. The subsidiary company is in negative equity at December 31 2022 and hence the investment cost has been reduced to a valuation of £1. This subsidiary company owns the entire share capital of a dormant company, Whittaker Bros. (Special Products) Limited, incorporated in England.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 672 3,334
Other debtors 22,092 99,898
VAT 1,045 -
Prepayments and accrued income 1,568 5,084
25,377 108,316

Whittaker Brothers (Leisure) Limited (Registered number: 01192560)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 69,907 3,504
VAT - 3,245
Accrued expenses 1,400 1,610
71,307 8,359

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 338,049 425,830 763,879
Deficit for the year (92,400 ) (92,400 )
Dividends (59,794 ) (59,794 )
Transferred-revaluation
reserve 425,830 (425,830 ) -
At 31 December 2023 611,685 - 611,685

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.