Registration number: 13278093

Whitehole Springs Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Whitehole Springs Ltd

Company Information

Directors

J E Patch Y L Patch F Patch

Registered office

Whitehole Springs Whitehole Hill Leigh On Mendip Radstock Somerset BA3 5QE

Accountants

Burton Sweet Limited Chartered Accountants & Business Advisors Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Whitehole Springs Ltd

(Registration number: 13278093)
Balance Sheet
31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	246,100	250,938
Current assets
Stocks	5	71,300	132,622
Debtors	6	124,657	101,495
Cash at bank and in hand		145,352	142,013
		341,309	376,130
Creditors: Amounts falling due within one year	7	(101,362)	(131,454)
Net current assets		239,947	244,676
Total assets less current liabilities		486,047	495,614
Creditors: Amounts falling due after more than one year	7	(419,643)	(441,378)
Provisions for liabilities		(6,905)	-
Net assets		59,499	54,236
Capital and reserves
Called up share capital		100	100
Retained earnings		59,399	54,136
Shareholders' funds		59,499	54,236

Whitehole Springs Ltd

(Registration number: 13278093)
Balance Sheet
31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 December 2025 and signed on its behalf by:
 

......................................... Y L Patch Director

Whitehole Springs Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Whitehole Springs
Whitehole Hill
Leigh On Mendip
Radstock
Somerset
BA3 5QE

These financial statements were authorised for issue by the Board on 11 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 in the ordinary course of the company’s activities. Turnover is shown net of value added tax 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.

Whitehole Springs Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 corporation 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.

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 provided on tangibale fixed assets so as to write off the cost or vaulation, less any estimated residual value, over thier expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	2% straight line
Motor Vehicles	25% reducing balance
Plant and machinery	20% straight Line

Whitehole Springs Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at the transactions price.. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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.

Whitehole Springs Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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 directors) during the year, was 7 (2024 - 7).

Whitehole Springs Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

4	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	210,360	79,521	2,119	292,000
Additions	-	-	20,770	20,770
At 31 March 2025	210,360	79,521	22,889	312,770
Depreciation
At 1 April 2024	8,414	31,721	927	41,062
Charge for the year	4,207	15,909	5,492	25,608
At 31 March 2025	12,621	47,630	6,419	66,670
Carrying amount
At 31 March 2025	197,739	31,891	16,470	246,100
At 31 March 2024	201,946	47,800	1,192	250,938

Included within the net book value of land and buildings above is £197,739 (2024 - £201,946) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	71,300	132,622

6

Debtors

	2025 £	2024 £
Trade debtors	98,304	97,167
Other debtors	26,353	4,328
	124,657	101,495

Whitehole Springs Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	22,601	24,577
Trade creditors		28,466	30,672
Taxation and social security		31,649	55,978
Accruals and deferred income		4,892	3,200
Other creditors		13,754	17,027
		101,362	131,454

Creditors include bank loans which are secured of £13,000 (2024 - £13,000).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	419,643	441,378

Creditors include bank loans which are secured of £415,4512 (2024 - £425,846).

Whitehole Springs Ltd

Notes to the Unaudited Financial Statements
Year Ended 31 March 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	419,643	440,284
Hire purchase contracts	-	1,094
	419,643	441,378

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	21,507	21,507
Hire purchase contracts	1,094	3,070
	22,601	24,577