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Registration number: 12973796

White Rose Canal Holidays Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

White Rose Canal Holidays Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

White Rose Canal Holidays Limited

(Registration number: 12973796)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

8,583

14,915

Tangible assets

6

183,041

207,121

 

191,624

222,036

Current assets

 

Debtors

7

115,852

116,471

Cash at bank and in hand

 

9,495

8,935

 

125,347

125,406

Creditors: Amounts falling due within one year

8

(349,957)

(359,497)

Net current liabilities

 

(224,610)

(234,091)

Total assets less current liabilities

 

(32,986)

(12,055)

Creditors: Amounts falling due after more than one year

8

(50,000)

(50,000)

Provisions for liabilities

(34,778)

(39,353)

Net liabilities

 

(117,764)

(101,408)

Capital and reserves

 

Called up share capital

9

2

2

Retained earnings

(117,766)

(101,410)

Shareholders' deficit

 

(117,764)

(101,408)

For the financial year ending 31 October 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 21 July 2025
 

 

White Rose Canal Holidays Limited

(Registration number: 12973796)
Balance Sheet as at 31 October 2024

Ms P Hale
Director

   
     
 

White Rose Canal Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 14 Castleton Close
Leeds
LS12 2DS

These financial statements were authorised for issue by the director on 21 July 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

White Rose Canal Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Boats & refurbishments

Reducing balance 15%

Plant & machinery

Straight line 33.33%

Fixtures & fittings

Straight line 33.33%

Office & computer equipment

Straight line 33.33%

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

Straight line 20%

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

White Rose Canal Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

White Rose Canal Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

34,181

37,756

Amortisation expense

6,331

6,050

 

White Rose Canal Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

5

Intangible assets

Website Development cost
 £

Total
£

Cost or valuation

At 1 November 2023

25,326

25,326

At 31 October 2024

25,326

25,326

Amortisation

At 1 November 2023

10,411

10,411

Amortisation charge

6,332

6,332

At 31 October 2024

16,743

16,743

Carrying amount

At 31 October 2024

8,583

8,583

At 31 October 2023

14,915

14,915

6

Tangible assets

Furniture, fittings and equipment
 £

Boats
£

Plant & machinery
£

Total
£

Cost or valuation

At 1 November 2023

4,131

301,739

8,045

313,915

Additions

-

10,100

-

10,100

At 31 October 2024

4,131

311,839

8,045

324,015

Depreciation

At 1 November 2023

2,644

97,401

6,749

106,794

Charge for the year

971

31,913

1,296

34,180

At 31 October 2024

3,615

129,314

8,045

140,974

Carrying amount

At 31 October 2024

516

182,525

-

183,041

At 31 October 2023

1,487

204,338

1,296

207,121

 

White Rose Canal Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

44,653

42,783

Prepayments

4,269

3,794

Other debtors

66,930

69,894

 

115,852

116,471

 

White Rose Canal Holidays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

703

351

Trade creditors

 

4,816

5,982

Taxation and social security

 

10,117

9,908

Accruals and deferred income

 

37,002

37,835

Other creditors

 

297,319

305,421

 

349,957

359,497

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

50,000

50,000

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.01 each

200

2.00

200

2.00

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

50,000

50,000

Current loans and borrowings

2024
£

2023
£

Other borrowings

703

351