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Company No: 13616721 (England and Wales)

WHISTLEFIELD LEISURE LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

WHISTLEFIELD LEISURE LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

WHISTLEFIELD LEISURE LIMITED

BALANCE SHEET

As at 30 September 2024
WHISTLEFIELD LEISURE LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 14,220 16,729
14,220 16,729
Current assets
Stocks 4 5,580 7,361
Debtors 5 36,139 27,204
Cash at bank and in hand 8,871 8,996
50,590 43,561
Creditors: amounts falling due within one year 6 ( 49,495) ( 51,053)
Net current assets/(liabilities) 1,095 (7,492)
Total assets less current liabilities 15,315 9,237
Net assets 15,315 9,237
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 15,215 9,137
Total shareholder's funds 15,315 9,237

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Whistlefield Leisure Limited (registered number: 13616721) were approved and authorised for issue by the Director on 08 May 2025. They were signed on its behalf by:

Mr J Woodman
Director
WHISTLEFIELD LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
WHISTLEFIELD LEISURE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Whistlefield Leisure Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centurys Club, 322 Two Mile Hill Road, Bristol, BS15 1AJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Computer equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 8 8

3. Tangible assets

Plant and machinery Computer equipment Total
£ £ £
Cost
At 01 October 2023 20,600 478 21,078
At 30 September 2024 20,600 478 21,078
Accumulated depreciation
At 01 October 2023 4,278 71 4,349
Charge for the financial year 2,448 61 2,509
At 30 September 2024 6,726 132 6,858
Net book value
At 30 September 2024 13,874 346 14,220
At 30 September 2023 16,322 407 16,729

4. Stocks

2024 2023
£ £
Stocks 5,580 7,361

5. Debtors

2024 2023
£ £
Trade debtors 3,000 0
Amounts owed by associates 24,283 18,443
Other debtors 8,856 8,761
36,139 27,204

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 26,419 25,517
Taxation and social security 13,276 24,232
Other creditors 9,800 1,304
49,495 51,053

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 ordinary shares of £ 1.00 each 100 100

8. Related party transactions

At the balance sheet date, the company were owed by another entity owned by the company shareholder £24,283 (2024: £18,443). The loan is interest free and repayable on demand.

At the balance sheet date, the director was owed £5,550 (2023: £179).