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REGISTERED NUMBER: 11232220 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

WHISKY ROSE DEVELOPMENTS LIMITED

WHISKY ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232220)

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


WHISKY ROSE DEVELOPMENTS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A N Woodger
N L Woodger





REGISTERED OFFICE: 1a Parliament Square
Parliament Street
Crediton
Devon
EX17 2AW





REGISTERED NUMBER: 11232220 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

WHISKY ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232220)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,036 1,743
Investment property 5 997,000 966,000
999,036 967,743

CURRENT ASSETS
Debtors 6 2,010 1,600
Cash at bank 3,507 7,774
5,517 9,374
CREDITORS
Amounts falling due within one year 7 (736,343 ) (746,349 )
NET CURRENT LIABILITIES (730,826 ) (736,975 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,210

230,768

CREDITORS
Amounts falling due after more than one
year

8

(204,636

)

(204,611

)

PROVISIONS FOR LIABILITIES - (331 )
NET ASSETS 63,574 25,826

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 24,809 (6,190 )
Retained earnings 37,765 31,016
SHAREHOLDERS' FUNDS 63,574 25,826

WHISKY ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232220)

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 8 November 2024 and were signed on its behalf by:





A N Woodger - Director


WHISKY ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232220)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. COMPANY INFORMATION

Whisky Rose Developments 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover represents rental income received from investment properties.

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 - 25% on reducing balance

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Cash and cash equivalents
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


WHISKY ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232220)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 3,032
Additions 920
At 31 March 2024 3,952
DEPRECIATION
At 1 April 2023 1,289
Charge for year 627
At 31 March 2024 1,916
NET BOOK VALUE
At 31 March 2024 2,036
At 31 March 2023 1,743

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 966,000
Revaluations 31,000
At 31 March 2024 997,000
NET BOOK VALUE
At 31 March 2024 997,000
At 31 March 2023 966,000

WHISKY ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232220)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY - continued

The director has assessed the valuation of the property and he considers that the market value of the property as at year end to be £997,000 (2023 £966,000).

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 973,642
Valuation in 2022 12,358
Valuation in 2023 (20,000 )
Valuation in 2024 31,000
997,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 2,010 1,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,653 1,400
Other creditors 615,174 630,836
Directors' current accounts 117,476 105,497
Accruals and deferred income 2,040 8,616
736,343 746,349

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 204,636 204,611

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 204,636 204,611

WHISKY ROSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232220)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 204,636 204,611

There is a fixed and floating charge with Aldermore Bank PLC dated 20 February 2021 over one of the properties within the accounts.

10. RELATED PARTY DISCLOSURES

A company in which A N Woodger is a shareholder.

There is an intercompany loan account and at the balance sheet date the amount owed to the company was £615,174 (2023 £630,836). No interest is charged on this loan account.

There is also rental income received from this company £19,200 (2023 - £24,000).