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REGISTERED NUMBER: 04054140 (England and Wales)















Unaudited Financial Statements

for the Period 31 October 2022 to 29 October 2023

for

Wellsprings (Pendle Hill) Limited

Wellsprings (Pendle Hill) Limited (Registered number: 04054140)






Contents of the Financial Statements
for the Period 31 October 2022 to 29 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wellsprings (Pendle Hill) Limited

Company Information
for the Period 31 October 2022 to 29 October 2023







DIRECTORS: Z Marhraoui
Mrs C L Marhraoui





REGISTERED OFFICE: The Wellsprings
Clitheroe Road, Sabden
Clitheroe
Lancashire
BB7 9HN





REGISTERED NUMBER: 04054140 (England and Wales)





ACCOUNTANTS: Len Entwistle Chartered Accountants
Suite 12
Blackburn Business Centre
Davyfield Road
Blackburn
Lancashire
BB1 2QY

Wellsprings (Pendle Hill) Limited (Registered number: 04054140)

Balance Sheet
29 October 2023

29.10.23 30.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,649 239,153
Investment property 5 382,523 -
710,172 239,153

CURRENT ASSETS
Stocks 5,000 5,000
Cash in hand 58,818 236,344
63,818 241,344
CREDITORS
Amounts falling due within one year 6 104,720 82,524
NET CURRENT (LIABILITIES)/ASSETS (40,902 ) 158,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

669,270

397,973

CREDITORS
Amounts falling due after more than one
year

7

(276,189

)

(74,637

)

PROVISIONS FOR LIABILITIES (8,434 ) (4,633 )
NET ASSETS 384,647 318,703

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 384,643 318,699
SHAREHOLDERS' FUNDS 384,647 318,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 October 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.

Wellsprings (Pendle Hill) Limited (Registered number: 04054140)

Balance Sheet - continued
29 October 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 29 October 2024 and were signed on its behalf by:





Z Marhraoui - Director


Wellsprings (Pendle Hill) Limited (Registered number: 04054140)

Notes to the Financial Statements
for the Period 31 October 2022 to 29 October 2023

1. STATUTORY INFORMATION

Wellsprings (Pendle Hill) 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 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.
Land and buildings - 2% on cost
Plant and machinery etc - 15% on cost

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.

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 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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Wellsprings (Pendle Hill) Limited (Registered number: 04054140)

Notes to the Financial Statements - continued
for the Period 31 October 2022 to 29 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 31 October 2022 304,009 83,344 387,353
Additions 75,047 30,886 105,933
At 29 October 2023 379,056 114,230 493,286
DEPRECIATION
At 31 October 2022 89,433 58,767 148,200
Charge for period 6,526 10,911 17,437
At 29 October 2023 95,959 69,678 165,637
NET BOOK VALUE
At 29 October 2023 283,097 44,552 327,649
At 30 October 2022 214,576 24,577 239,153

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 382,523
At 29 October 2023 382,523
NET BOOK VALUE
At 29 October 2023 382,523

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.10.23 30.10.22
£    £   
Bank loans and overdrafts 40,773 21,440
Trade creditors - (2 )
Taxation and social security 51,625 48,764
Other creditors 12,322 12,322
104,720 82,524

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.10.23 30.10.22
£    £   
Bank loans 271,083 60,755
Other creditors 5,106 13,882
276,189 74,637

Wellsprings (Pendle Hill) Limited (Registered number: 04054140)

Notes to the Financial Statements - continued
for the Period 31 October 2022 to 29 October 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

29.10.23 30.10.22
£    £   
Bank loans 311,856 82,195

9. ULTIMATE CONTROLLING PARTY

The controlling party is Z Marhraoui.