REGISTERED NUMBER: 12346289 (England and Wales)

WHITE LION 1967 LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

65,999

74,999

Tangible assets

5

10,413

25,187

76,412

100,186

CURRENT ASSETS

Debtors

6

55,990

27,628

Cash at bank and in hand

27,659

64,745

83,649

92,373

CREDITORS

Amounts falling due within one year

7

302,620

257,540

NET CURRENT LIABILITIES

(218,971

)

(165,167

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(142,559

)

(64,981

)

CREDITORS

Amounts falling due after more than one year

8

(45,218

)

(12,487

)

PROVISIONS FOR LIABILITIES

(1,978

)

(4,785

)

NET LIABILITIES

(189,755

)

(82,253

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(189,756

)

(82,254

)

SHAREHOLDERS' FUNDS

(189,755

)

(82,253

)

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 Profit and Loss Account 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:

Mr A Mirza - Director

1.	STATUTORY INFORMATION

White Lion 1967 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12346289

Registered office:

71 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

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.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is derived from the sale of food and drink and is recognised upon consumption. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

25% on reducing balance

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and 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 Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

89,999

AMORTISATION

At 1 January 2024

15,000

Amortisation for year

9,000

At 31 December 2024

24,000

NET BOOK VALUE

At 31 December 2024

65,999

At 31 December 2023

74,999

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1

59,977

2,500

62,478

Additions

-

2,548

-

2,548

At 31 December 2024

1

62,525

2,500

65,026

DEPRECIATION

At 1 January 2024

-

35,560

1,731

37,291

Charge for year

-

17,130

192

17,322

At 31 December 2024

-

52,690

1,923

54,613

NET BOOK VALUE

At 31 December 2024

1

9,835

577

10,413

At 31 December 2023

1

24,417

769

25,187

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

47

-

Other debtors

55,943

27,628

55,990

27,628

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

23,925

8,805

Trade creditors

26,260

5,073

Taxation and social security

63,314

224,848

Other creditors

189,121

18,814

302,620

257,540

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

30,247

12,487

Other creditors

14,971

-

45,218

12,487

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,000 (2023 - £6,000) were paid to the directors .

At the balance sheet date, the director was owed £42,453 (2023: £369).