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REGISTERED NUMBER: 13773462 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WHARTON PROPERTIES SCARBOROUGH LIMITED

WHARTON PROPERTIES SCARBOROUGH LIMITED (REGISTERED NUMBER: 13773462)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHARTON PROPERTIES SCARBOROUGH LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2025







DIRECTORS: Mr Robert Wharton
Mrs Bilyana Kirilova Wharton





REGISTERED OFFICE: Long Lane Gatehouse
Meads Lane
Seamer
Scarborough
North Yorkshire
YO12 4QE





REGISTERED NUMBER: 13773462 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU

WHARTON PROPERTIES SCARBOROUGH LIMITED (REGISTERED NUMBER: 13773462)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,009 7,401
Investment property 5 995,000 995,000
1,002,009 1,002,401

CURRENT ASSETS
Debtors 6 405,201 380,691
Cash at bank and in hand 9,720 12,562
414,921 393,253
CREDITORS
Amounts falling due within one year 7 23,296 23,624
NET CURRENT ASSETS 391,625 369,629
TOTAL ASSETS LESS CURRENT LIABILITIES 1,393,634 1,372,030

CREDITORS
Amounts falling due after more than
one year

8

(669,425

)

(669,425

)

PROVISIONS FOR LIABILITIES (1,700 ) (1,655 )
NET ASSETS 722,509 700,950

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 701,500 701,500
Fair value reserve 5,100 5,100
Retained earnings 14,909 (6,650 )
SHAREHOLDERS' FUNDS 722,509 700,950

WHARTON PROPERTIES SCARBOROUGH LIMITED (REGISTERED NUMBER: 13773462)

BALANCE SHEET - continued
31 March 2025


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 July 2025 and were signed on its behalf by:





Mr Robert Wharton - Director


WHARTON PROPERTIES SCARBOROUGH LIMITED (REGISTERED NUMBER: 13773462)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2025


1. STATUTORY INFORMATION

Wharton Properties Scarborough 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income arising from investment properties and is recognised on a straight line basis over the lease term, net of VAT if applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment properties are properties held to earn rentals or for capital appreciation or both.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss in the period in which they arise. Deferred taxation is provided on these gains.

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.

WHARTON PROPERTIES SCARBOROUGH LIMITED (REGISTERED NUMBER: 13773462)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Going concern - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the directors have
considered the uncertainties around the general economic environment, the current and future
trading performance of the company and available cash. The directors have a reasonable
expectation that the company has adequate resources to continue in operational existence for the
foreseeable future, accordingly they continue to adopt the going concern basis in preparing the
financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024 9,536
Additions 1,269
At 31 March 2025 10,805
DEPRECIATION
At 1 April 2024 2,135
Charge for year 1,661
At 31 March 2025 3,796
NET BOOK VALUE
At 31 March 2025 7,009
At 31 March 2024 7,401

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 995,000
NET BOOK VALUE
At 31 March 2025 995,000
At 31 March 2024 995,000

WHARTON PROPERTIES SCARBOROUGH LIMITED (REGISTERED NUMBER: 13773462)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025


5. INVESTMENT PROPERTY - continued

Investment properties included at fair value would have been included on a historical cost basis at:

2025 2024
£ £

Cost 988,200 988,200

The completed investment properties are stated at fair value in accordance with the requirements of Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland''.

The investment properties are valued by the directors at fair value, taking into account existing tenancy arrangements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by associates 383,614 356,850
Other debtors 21,587 23,841
405,201 380,691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 3,466 4,306
Taxation and social security 9,484 6,780
Other creditors 10,346 12,538
23,296 23,624

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 669,425 669,425

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 669,425 669,425

WHARTON PROPERTIES SCARBOROUGH LIMITED (REGISTERED NUMBER: 13773462)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2025


9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 669,425 669,425

The bank borrowings are secured by a first legal mortgage over freehold property owned by the
company and a debenture comprising a fixed and floating charge over all assets and undertakings
of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr Robert Wharton and Mrs Bilyana Kirilova Wharton
Balance outstanding at start of year (439 ) 37,193
Amounts advanced 2,000 42
Amounts repaid (1,541 ) (37,674 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20 (439 )

The loan is unsecured and repayable on demand.

11. RELATED PARTY DISCLOSURES

The directors provide a personal guarantee in relation to the bank borrowings of the company.

Other related party transactions

Included in debtors due within one year is £383,614 (2024 £356,850) owed from R & B Wharton Limited, a connected company. The loan is deemed to be repayable on demand and interest has been charged at 7.5% on the amount outstanding.