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REGISTERED NUMBER: 12108904 (England and Wales)








































The Whittling House Limited

Unaudited Financial Statements

for the Year Ended 31st January 2025






The Whittling House Limited (Registered number: 12108904)






Contents of the Financial Statements
for the year ended 31st January 2025




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


The Whittling House Limited

Company Information
for the year ended 31st January 2025







Directors: T A A Leslie
R N Sim





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Registered number: 12108904 (England and Wales)





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

The Whittling House Limited (Registered number: 12108904)

Balance Sheet
31st January 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 212
Tangible assets 5 930,252 936,441
930,252 936,653

Current assets
Stocks 12,982 10,807
Debtors 6 99,728 38,250
Cash at bank and in hand 236,183 357,783
348,893 406,840
Creditors
Amounts falling due within one year 7 915,916 1,151,697
Net current liabilities (567,023 ) (744,857 )
Total assets less current liabilities 363,229 191,796

Provisions for liabilities 21,980 21,684
Net assets 341,249 170,112

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 340,249 169,112
341,249 170,112

The Whittling House Limited (Registered number: 12108904)

Balance Sheet - continued
31st January 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 11th June 2025 and were signed on its behalf by:




T A A Leslie - Director



R N Sim - Director


The Whittling House Limited (Registered number: 12108904)

Notes to the Financial Statements
for the year ended 31st January 2025

1. Statutory information

The Whittling House 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.

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 sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of 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 four 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.
Improvements to property - Nil
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Office equipment - 20% on cost

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

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

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

Trade creditors, accruals, trade debtors, other debtors and other loans 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.


The Whittling House Limited (Registered number: 12108904)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

2. Accounting policies - continued
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.

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.

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.

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.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 28 (2024 - 32 ) .

The Whittling House Limited (Registered number: 12108904)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

4. Intangible fixed assets
Website
£   
Cost
At 1st February 2024
and 31st January 2025 846
Amortisation
At 1st February 2024 634
Amortisation for year 212
At 31st January 2025 846
Net book value
At 31st January 2025 -
At 31st January 2024 212

5. Tangible fixed assets
Improvements Fixtures
to and Office
property Equipment fittings equipment Totals
£    £    £    £    £   
Cost
At 1st February 2024 878,286 7,890 85,140 11,926 983,242
Additions 1,688 950 410 1,465 4,513
At 31st January 2025 879,974 8,840 85,550 13,391 987,755
Depreciation
At 1st February 2024 - 3,246 34,855 8,700 46,801
Charge for year - 760 7,559 2,383 10,702
At 31st January 2025 - 4,006 42,414 11,083 57,503
Net book value
At 31st January 2025 879,974 4,834 43,136 2,308 930,252
At 31st January 2024 878,286 4,644 50,285 3,226 936,441

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 1,527 1,227
Amounts owed by group undertakings 18,300 17,460
Other debtors 79,901 19,563
99,728 38,250

The Whittling House Limited (Registered number: 12108904)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 76,703 54,000
Taxation and social security 95,210 72,258
Other creditors 744,003 1,025,439
915,916 1,151,697

8. Related party disclosures

The Whittling House Limited is a fully owned subsidiary of Lobster Alta (Holdings) Limited. Lobster Alta (Holdings) Limited is a private company, limited by shares, registered in England and Wales.

At 31st January 2025 a loan of £700,000 (2024-£700,000) was outstanding payable by the company to Lobster Alta (Holdings) Limited. This loan is unsecured, interest free and repayable on demand.

At 31st January 2025 a loan of £18,300 (2024- £17,460) was outstanding payable to the company by Lobster Alta (Holdings) Limited. This loan is unsecured, interest free and repayable on demand

At 31st January 2025 a loan of £Nil (2024-£298,223) was outstanding payable by the company to The Potted Lobster Limited, a company in the same group as The Whittling House Limited. This loan is unsecured, interest free and repayable on demand.

At 31st January 2025 a loan of £7,299 (2024-£7,299) was outstanding payable to the company by Alta Asset Management Limited, a company under common control. This loan is unsecured, interest free and is repayable on demand.

At 31st January 2025 a loan of £51,000 (2024- £Nil) was outstanding payable to the company by The Potted Lobster (Abersoch) Limited, a company under common control. This loan is unsecured, interest free and is repayable on demand.

9. Post balance sheet events

On 23rd May 2025 an interim dividend of £100 per share was declared in respect of the year ended 31st January 2026.