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REGISTERED NUMBER: SC631914 (Scotland)











































The White Rose Guild Limited

Unaudited Financial Statements

for the Year Ended 31st May 2024






The White Rose Guild Limited (Registered number: SC631914)






Contents of the Financial Statements
for the year ended 31st May 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


The White Rose Guild Limited

Company Information
for the year ended 31st May 2024







Directors: L Pasiani
Ms M V Taglietti
A A Tornaghi
Ms A Macpherson





Registered office: Floor 3
1-4 Atholl Crescent
Edinburgh
EH3 8HA





Registered number: SC631914 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

The White Rose Guild Limited (Registered number: SC631914)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 17,395 20,721
Tangible assets 5 305 458
17,700 21,179

Current assets
Debtors 6 4,373 1,642
Cash at bank 53 -
4,426 1,642
Creditors
Amounts falling due within one year 7 101,818 97,740
Net current liabilities (97,392 ) (96,098 )
Total assets less current liabilities (79,692 ) (74,919 )

Capital and reserves
Called up share capital 100 100
Retained earnings (79,792 ) (75,019 )
(79,692 ) (74,919 )

The White Rose Guild Limited (Registered number: SC631914)

Balance Sheet - continued
31st May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th January 2025 and were signed on its behalf by:





L Pasiani - Director


The White Rose Guild Limited (Registered number: SC631914)

Notes to the Financial Statements
for the year ended 31st May 2024

1. Statutory information

The White Rose Guild Limited is a private company, limited by shares , registered in Scotland. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the provision of tour operator services is recognised as contract activity progresses and the right to consideration is earned.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade creditors, accruals, other loans and directors' loans.

Loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


The White Rose Guild Limited (Registered number: SC631914)

Notes to the Financial Statements - continued
for the year ended 31st May 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The company has a deficit on the balance sheet. The directors are confident that the company can trade out of its current situation. The accounts have therefore been prepared on the going concern basis.

3. Employees and directors

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

4. Intangible fixed assets
Website
£   
Cost
At 1st June 2023
and 31st May 2024 33,269
Amortisation
At 1st June 2023 12,548
Amortisation for year 3,326
At 31st May 2024 15,874
Net book value
At 31st May 2024 17,395
At 31st May 2023 20,721

The White Rose Guild Limited (Registered number: SC631914)

Notes to the Financial Statements - continued
for the year ended 31st May 2024

5. Tangible fixed assets
Office
equipment
£   
Cost
At 1st June 2023
and 31st May 2024 1,592
Depreciation
At 1st June 2023 1,134
Charge for year 153
At 31st May 2024 1,287
Net book value
At 31st May 2024 305
At 31st May 2023 458

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 4,373 1,642

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 8,828 4,987
Other creditors 92,990 92,753
101,818 97,740