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REGISTERED NUMBER: 01968546 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Whitchurch Silk Mill (Trading) Limited

Whitchurch Silk Mill (Trading) Limited (Registered number: 01968546)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitchurch Silk Mill (Trading) Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: K Wheeler
A Alferovs
S A Tapliss



REGISTERED OFFICE: 28 Winchester Street
Whitchurch
Hampshire
RG28 7AL



REGISTERED NUMBER: 01968546 (England and Wales)



BANKERS: National Westminster
3 London Street
Basingstoke
Hampshire
RG21 7NS

Whitchurch Silk Mill (Trading) Limited (Registered number: 01968546)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,588 2,044

CURRENT ASSETS
Stocks 23,972 18,350
Debtors 5 68,273 105,363
Cash at bank and in hand 65,878 15,968
158,123 139,681
CREDITORS
Amounts falling due within one year 6 41,033 26,627
NET CURRENT ASSETS 117,090 113,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,678

115,098

CAPITAL AND RESERVES
Called up share capital 75,000 75,000
Retained earnings 43,678 40,098
SHAREHOLDERS' FUNDS 118,678 115,098

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

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

Whitchurch Silk Mill (Trading) Limited (Registered number: 01968546)

Balance Sheet - continued
31st March 2024


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 22nd August 2024 and were signed on its behalf by:




A Alferovs - Director



K Wheeler - Director


Whitchurch Silk Mill (Trading) Limited (Registered number: 01968546)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Whitchurch Silk Mill (Trading) 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.

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
Turnover is the total amount receivable by the company in the ordinary course of business with outside customers for goods supplied as a principal and for visitor admission fees, excluding VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tearoom and other equipment - 20% on reducing balance

It is the policy of the Whitchurch Silk Mill not to capitalise assets under £250.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

In the case of raw materials and consumable stores, cost means purchase price including transport and handling costs, less trade discounts, calculated on a first in first out basis. In the case of work in progress and finished goods, cost consists of direct materials, direct labour and attributable overheads.

Net realisable value means estimated selling price (less trade discounts) less all further costs to completion and all costs to be incurred in marketing and distribution.

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.

Whitchurch Silk Mill (Trading) Limited (Registered number: 01968546)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 5,275
DEPRECIATION
At 1st April 2023 3,231
Charge for year 456
At 31st March 2024 3,687
NET BOOK VALUE
At 31st March 2024 1,588
At 31st March 2023 2,044

The freehold of the Silk Mill and its historic looms are owned by the Hampshire Buildings Preservation Trust and are let to Whitchurch Silk Mill Trust under the terms of a ninety-nine year lease. The property is let to Whitchurch Silk Mill (Trading) Ltd for a period of twenty years from 19 September 2010, at a nominal rent.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 62,928 103,649
Prepayments and accrued income 5,345 1,714
68,273 105,363

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 18,883 11,118
Social security and other taxes 3,385 3,558
VAT 10,542 9,497
Accruals and deferred income 8,223 2,454
41,033 26,627

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No director had, during or at the end of the year, any material interest in a contract which was significant in relation to the company's business.