REGISTERED NUMBER: 01531390 (England and Wales)

John H Whitaker (Management) Limited

Financial Statements for the Year Ended 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J M Whitaker

D McGahey

J J Hills

D Morrison

M J Oaks

SECRETARY:

D McGahey

REGISTERED OFFICE:

Crown Dry Dock

Tower Street

Hull

HU9 1TY

REGISTERED NUMBER:

01531390 (England and Wales)

AUDITORS:

Smailes Goldie

Chartered Accountants

Statutory Auditor

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

75,641

69,773

CURRENT ASSETS

Debtors

5

95,020

206,331

Cash at bank

93,275

452,527

188,295

658,858

CREDITORS

Amounts falling due within one year

6

181,479

338,387

NET CURRENT ASSETS

6,816

320,471

TOTAL ASSETS LESS CURRENT LIABILITIES

82,457

390,244

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

82,357

390,144

82,457

390,244

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 10th September 2025 and were signed on its behalf by:

J J Hills - Director

1.	STATUTORY INFORMATION

John H Whitaker (Management) 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 on a going concern basis under the historical cost convention.

Turnover

Turnover represents income received from fellow members of the John H Whitaker (Holdings) Limited group of companies and connected parties and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocated the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Office equipment

- 20% straight line

Motor vehicles

- 25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is any indication of significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st January 2024

112,302

83,603

195,905

Additions

26,850

-

26,850

At 31st December 2024

139,152

83,603

222,755

DEPRECIATION

At 1st January 2024

86,663

39,469

126,132

Charge for year

10,884

10,098

20,982

At 31st December 2024

97,547

49,567

147,114

NET BOOK VALUE

At 31st December 2024

41,605

34,036

75,641

At 31st December 2023

25,639

44,134

69,773

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,565

2,984

Amounts owed by group undertakings

33,711

130,432

Other debtors

58,744

72,915

95,020

206,331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

32,356

24,953

Amounts owed to group undertakings

-

153,639

Taxation and social security

3,652

26,442

Other creditors

145,471

133,353

181,479

338,387

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

41,783

27,684

Between one and five years

86,517

13,197

In more than five years

3,036

-

131,336

40,881

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

The Report of the Auditors was unqualified.

Stephen Bramall BSc, FCA (Senior Statutory Auditor)

for and on behalf of Smailes Goldie

9.	CONTINGENT LIABILITIES

The company has entered into a guarantee arrangement with Clydesdale Bank plc, guaranteeing the bank borrowings of its parent company Lindsay Blee Limited. As part of the arrangement Clydesdale Bank plc holds fixed and floating charges over all of the the company's assets and a separate floating charge covering all property and undertakings of the company. At 31 December 2024 the guaranteed borrowings totalled £8,035,713. This figure represents the maximum potential liability under this arrangement.

10.	PARENT AND ULTIMATE PARENT UNDERTAKING

The company's parent company up to 12 March 2024, was John H. Whitaker (Holdings) Limited. From this date, Cantii Aestuarium Holdings Limited became the immediate parent company and Lindsay Blee Limited became the ultimate parent company. Lindsay Blee Limited heads the smallest and largest group in which the company's accounts are consolidated. The consolidated financial statements of the group are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.