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REGISTERED NUMBER: 13732286 (England and Wales)













Financial Statements

for the Year Ended 31 July 2024

for

Whinstone View Limited

Whinstone View Limited (Registered number: 13732286)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Whinstone View Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: G Wilson
C Wilson
J Wilson
H Wilson
J G Armstrong





REGISTERED OFFICE: River Drive
South Shields
Tyne and Wear
NE33 1LH





REGISTERED NUMBER: 13732286 (England and Wales)





AUDITORS: TTR Barnes Limited
Chartered Accountants and Statutory Auditors
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Whinstone View Limited (Registered number: 13732286)

Statement of Financial Position
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 758,362 1,061,208
Tangible assets 5 2,707,292 2,403,853
3,465,654 3,465,061

CURRENT ASSETS
Stocks 6 34,275 28,362
Debtors 7 88,553 42,007
Cash at bank and in hand 242,713 365,133
365,541 435,502
CREDITORS
Amounts falling due within one year 8 2,489,960 4,020,205
NET CURRENT LIABILITIES (2,124,419 ) (3,584,703 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,341,235

(119,642

)

PROVISIONS FOR LIABILITIES 33,738 20,552
NET ASSETS/(LIABILITIES) 1,307,497 (140,194 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,307,397 (140,294 )
1,307,497 (140,194 )

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 28 April 2025 and were signed on its behalf by:





G Wilson - Director


Whinstone View Limited (Registered number: 13732286)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Whinstone View 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, there was a net liability position at the balance sheet date, however the directors and group have confirmed continued support.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group, or those at market rate.

Turnover and income recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Income is recognised when the risks and rewards have been transferred to the customer. For restaurant and bar sales this is usually at the point of sale. For weddings and events this is the date of the event, any income received in advance is deferred and held on the balances until the date of the event.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 3% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% Straight line

Freehold property is not depreciated, as it is maintained to such a degree that its believed that the residual value will be at least equal to that of cost.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition as follows:
Stock - Purchase cost on a first-in, first-out basis
Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and disposal.

Whinstone View Limited (Registered number: 13732286)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 83 (2023 - 70 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 1,514,234
AMORTISATION
At 1 August 2023 453,026
Amortisation for year 302,846
At 31 July 2024 755,872
NET BOOK VALUE
At 31 July 2024 758,362
At 31 July 2023 1,061,208

Whinstone View Limited (Registered number: 13732286)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 August 2023 2,145,128 166,439 112,545
Additions - 282,440 51,096
At 31 July 2024 2,145,128 448,879 163,641
DEPRECIATION
At 1 August 2023 - 1,796 19,218
Charge for year - 5,118 28,443
At 31 July 2024 - 6,914 47,661
NET BOOK VALUE
At 31 July 2024 2,145,128 441,965 115,980
At 31 July 2023 2,145,128 164,643 93,327

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 - 1,151 2,425,263
Additions 2,500 1,561 337,597
At 31 July 2024 2,500 2,712 2,762,860
DEPRECIATION
At 1 August 2023 - 396 21,410
Charge for year 17 580 34,158
At 31 July 2024 17 976 55,568
NET BOOK VALUE
At 31 July 2024 2,483 1,736 2,707,292
At 31 July 2023 - 755 2,403,853

6. STOCKS
2024 2023
£    £   
Stocks 34,275 28,362

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 63,420 42,007
Accrued income 25,133 -
88,553 42,007

Whinstone View Limited (Registered number: 13732286)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 115,942 114,838
Amounts owed to group undertakings 1,970,613 3,371,002
Tax 11,650 30,984
Social security and other taxes 18,048 13,916
VAT 124,241 46,117
Other creditors - 122,249
Customer deposits 229,495 293,596
Accrued expenses 19,971 27,503
2,489,960 4,020,205

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David J Cook FCCA (Senior Statutory Auditor)
for and on behalf of TTR Barnes Limited

10. AUDITOR LIABILITY LIMITATION AGREEMENT

The limitation of liability in respect of this audit is 10 times the audit fee which was agreed in the terms of our engagement letter dated 1 August 2023.

11. PARENT COMPANY

The ultimate parent company is Wilson Group Holdings Ltd, a company registered in England and Wales.

Wilson Group Holdings Ltd prepare group financial statements and the registered office is River Drive, South Shields, Tyne and Wear, NE33 1LH.