Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-2912142023-03-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01542866 2023-03-01 2024-02-29 01542866 2022-03-01 2023-02-28 01542866 2024-02-29 01542866 2023-02-28 01542866 c:Director1 2023-03-01 2024-02-29 01542866 c:Director2 2023-03-01 2024-02-29 01542866 c:RegisteredOffice 2023-03-01 2024-02-29 01542866 d:Buildings 2023-03-01 2024-02-29 01542866 d:Buildings 2024-02-29 01542866 d:Buildings 2023-02-28 01542866 d:Buildings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01542866 d:PlantMachinery 2023-03-01 2024-02-29 01542866 d:PlantMachinery 2024-02-29 01542866 d:PlantMachinery 2023-02-28 01542866 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01542866 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 01542866 d:FreeholdInvestmentProperty 2024-02-29 01542866 d:FreeholdInvestmentProperty 2023-02-28 01542866 d:CurrentFinancialInstruments 2024-02-29 01542866 d:CurrentFinancialInstruments 2023-02-28 01542866 d:Non-currentFinancialInstruments 2024-02-29 01542866 d:Non-currentFinancialInstruments 2023-02-28 01542866 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 01542866 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 01542866 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 01542866 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 01542866 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-02-29 01542866 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-02-28 01542866 d:ShareCapital 2024-02-29 01542866 d:ShareCapital 2023-02-28 01542866 d:RetainedEarningsAccumulatedLosses 2024-02-29 01542866 d:RetainedEarningsAccumulatedLosses 2023-02-28 01542866 c:FRS102 2023-03-01 2024-02-29 01542866 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 01542866 c:FullAccounts 2023-03-01 2024-02-29 01542866 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company registration number: 01542866







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


WHITE HALL CLOTHIERS (CAMBERWELL) LTD






































img4e8a.png                        

 


WHITE HALL CLOTHIERS (CAMBERWELL) LTD
 


 
COMPANY INFORMATION


Directors
M N Afzal 
A Afzal 




Registered number
01542866



Registered office
77 Camberwell Road

London

SE5 0EZ




Trading Address
77 Camberwell Road

London

SE5 0EZ






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


WHITE HALL CLOTHIERS (CAMBERWELL) LTD
REGISTERED NUMBER:01542866



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
544,035
545,878

Investment property
  
525,282
525,282

  
1,069,317
1,071,160

Current assets
  

Stocks
  
398,602
406,893

Debtors: amounts falling due within one year
 6 
1,195
15,997

Cash at bank and in hand
  
67,687
34,945

  
467,484
457,835

Creditors: amounts falling due within one year
 7 
(160,332)
(153,819)

Net current assets
  
 
 
307,152
 
 
304,016

Total assets less current liabilities
  
1,376,469
1,375,176

Creditors: amounts falling due after more than one year
 8 
(745,914)
(745,938)

  

Net assets
  
630,555
629,238


Capital and reserves
  

Called up share capital 
  
4,000
4,000

Profit and loss account
  
626,555
625,238

  
630,555
629,238


Page 1

 


WHITE HALL CLOTHIERS (CAMBERWELL) LTD
REGISTERED NUMBER:01542866


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M N Afzal
Director

Date: 21 February 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


WHITE HALL CLOTHIERS (CAMBERWELL) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

White Hall Clothiers (Camberwell) Limited is a private company, limited by shares, registered in England and Wales, company registration number 01542866. The registered office and the principal place of business is 77 Camberwell Road, London, United Kingdom, SE5 0EZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated through a clothing retail store and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


WHITE HALL CLOTHIERS (CAMBERWELL) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Plant and machinery
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.7

Stock

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 


WHITE HALL CLOTHIERS (CAMBERWELL) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 14).


4.


Tangible fixed assets







Restated Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


At 1 March 2023
581,239
49,588
630,827



At 29 February 2024

581,239
49,588
630,827



Depreciation


At 1 March 2023
37,384
47,565
84,949


Charge for the year on owned assets
1,438
405
1,843



At 29 February 2024

38,822
47,970
86,792



Net book value



At 29 February 2024
542,417
1,618
544,035



At 28 February 2023
543,855
2,023
545,878

Page 5

 


WHITE HALL CLOTHIERS (CAMBERWELL) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Investment property





Restated Freehold investment property

£



Valuation


At 1 March 2023
525,282



At 29 February 2024
525,282










6.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
1,195
15,997

1,195
15,997



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
23,241
2,961

Corporation tax, other taxation and social security
54,639
41,391

Other creditors
75,302
102,967

Accruals and deferred income
7,150
6,500

160,332
153,819


Page 6

 


WHITE HALL CLOTHIERS (CAMBERWELL) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
745,914
745,938

745,914
745,938


As at the year end, the company had bank loans totalling £745,914 which are secured via fixed charges on thefreehold property of 81 Camberwell Road, London SE5 0EZ.


9.


Loans


Analysis of the maturity of loans is given below:


29 February
28 February
2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
745,914
745,938

745,914
745,938

745,914
745,938



10.


Prior year adjustment

The prior period investment property and freehold property have been restated, as the split between the two was incorrectly recognised. There is no impact on the balance sheet as both have all been categorised under fixed assets. There is no effect on the reserves of the company.

 
Page 7