REGISTERED NUMBER: 00315838 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WALTER PICKERING LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A L Toshach

M L Toshach

SECRETARY:

A L Toshach

REGISTERED OFFICE:

123/124 Westborough

Scarborough

YO11 1LP

REGISTERED NUMBER:

00315838 (England and Wales)

ACCOUNTANTS:

CP Waites

Chartered Accountants

24 St Cuthberts Way

Darlington

DL1 1GB

FIXED ASSETS

Tangible assets

4

129,812

133,842

CURRENT ASSETS

Stocks

5

147,999

152,007

Debtors

6

51,828

58,572

Cash at bank and in hand

61,741

75,085

261,568

285,664

CREDITORS

Amounts falling due within one year

7

62,919

55,794

NET CURRENT ASSETS

198,649

229,870

TOTAL ASSETS LESS CURRENT LIABILITIES

328,461

363,712

CREDITORS

Amounts falling due after more than one year

8

79,779

99,353

NET ASSETS

248,682

264,359

CAPITAL AND RESERVES

Called up share capital

11

600

600

Capital redemption reserve

400

400

Retained earnings

247,682

263,359

SHAREHOLDERS' FUNDS

248,682

264,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 30 September 2025 and were signed on its behalf by:

A L Toshach - Director

1.	STATUTORY INFORMATION

Walter Pickering 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Leasehold improvements

-

10% - 20% on cost

Fixtures, fittings and equipment

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are depreciated from the month of acquisition.

Stocks

Stock is valued at the lower of cost and net realisable value after making provision for any slow moving stock.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company contributes to an auto enrolment pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

Leasehold

and

Computer

property

improvements

equipment

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

137,359

9,666

24,895

4,000

175,920

Disposals

-

-

(1,200

)

-

(1,200

)

At 31 December 2024

137,359

9,666

23,695

4,000

174,720

DEPRECIATION

At 1 January 2024

5,265

9,661

23,605

3,547

42,078

Charge for year

2,747

-

445

178

3,370

Eliminated on disposal

-

-

(540

)

-

(540

)

At 31 December 2024

8,012

9,661

23,510

3,725

44,908

NET BOOK VALUE

At 31 December 2024

129,347

5

185

275

129,812

At 31 December 2023

132,094

5

1,290

453

133,842

5.

STOCKS

2024

2023

£

£

Goods for resale

147,999

152,007

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Director's current account

43,246

46,214

Prepayments and accrued income

2,914

3,858

Amounts due from related party

5,668

8,500

51,828

58,572

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loan

19,628

17,862

Trade creditors

18,872

19,988

Social security and other taxes

8,375

9,954

Director's current account

6,275

1,761

Accruals and deferred income

9,769

6,229

62,919

55,794

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans falling due in two to five years repayable by instalments

51,191

54,678

Bank loans falling due in more than five years repayable by instalments

28,588

44,675

79,779

99,353

9.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

-

8,750

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loan

84,595

92,264

A bank loan is secured by way of a fixed charge on the freehold property .

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

'A' ordinary

£1

200

200

400

'B' ordinary

£1

400

400

600

600

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

A L Toshach

Balance outstanding at start of year

(1,761

)

1,294

Amounts advanced

13,060

2,745

Amounts repaid

(17,574

)

(5,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,275

)

(1,761

)

M L Toshach

Balance outstanding at start of year

46,214

62,750

Amounts advanced

44,285

47,064

Amounts repaid

(47,791

)

(63,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,708

46,214

The amount due to the company is repayable on demand with interest charged at the rate of 2.25% per annum.

13.	RELATED PARTY DISCLOSURES

During the year dividends of £10,000 (2023 - £4,800) and £37,600 (2023 - £37,600) were paid to A L Toshach and M L Toshach respectively.

A L Toshach waived his entitlement to dividends of £56,400 (2023 - £56,400) and M L Toshach waived his entitlement to dividends of £6,667 (2023 - £3,200).

After the year end, £5,668 (2023 - £8,500) was due from Michaels Jewellers Limited, a company controlled by the wife of A L Toshach and during the year £44,099 (2023 - £48,367) was recharged to Michaels Jewellers Limited.

£972 (2023 - £1,068) of interest was charged to M L Toshach in respect of his overdrawn director's loan account in the year.

14.	CONTROLLING PARTY

The controlling party is A L Toshach.