Caseware UK (AP4) 2025.0.111 2025.0.111 2025-04-27 2025-04-27 false true true 61 2024-05-01 false Licensed restaurants 52 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08038369 2024-05-01 2025-04-27 08038369 2025-04-27 08038369 2023-05-01 2024-04-30 08038369 2024-04-30 08038369 c:Director1 2024-05-01 2025-04-27 08038369 d:Buildings d:LongLeaseholdAssets 2024-05-01 2025-04-27 08038369 d:Buildings d:ShortLeaseholdAssets 2024-05-01 2025-04-27 08038369 d:Buildings d:ShortLeaseholdAssets 2025-04-27 08038369 d:Buildings d:ShortLeaseholdAssets 2024-04-30 08038369 d:PlantMachinery 2024-05-01 2025-04-27 08038369 d:PlantMachinery 2025-04-27 08038369 d:PlantMachinery 2024-04-30 08038369 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-05-01 2025-04-27 08038369 d:FurnitureFittings 2024-05-01 2025-04-27 08038369 d:OwnedOrFreeholdAssets 2024-05-01 2025-04-27 08038369 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-04-27 08038369 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-30 08038369 d:CurrentFinancialInstruments 2025-04-27 08038369 d:CurrentFinancialInstruments 2024-04-30 08038369 d:Non-currentFinancialInstruments 2025-04-27 08038369 d:Non-currentFinancialInstruments 2024-04-30 08038369 d:CurrentFinancialInstruments d:WithinOneYear 2025-04-27 08038369 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 08038369 d:Non-currentFinancialInstruments d:AfterOneYear 2025-04-27 08038369 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 08038369 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-04-27 08038369 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 08038369 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-04-27 08038369 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 08038369 d:ShareCapital 2025-04-27 08038369 d:ShareCapital 2024-04-30 08038369 d:SharePremium 2025-04-27 08038369 d:SharePremium 2024-04-30 08038369 d:RetainedEarningsAccumulatedLosses 2025-04-27 08038369 d:RetainedEarningsAccumulatedLosses 2024-04-30 08038369 c:FRS102 2024-05-01 2025-04-27 08038369 c:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-27 08038369 c:FullAccounts 2024-05-01 2025-04-27 08038369 c:PrivateLimitedCompanyLtd 2024-05-01 2025-04-27 08038369 4 2024-05-01 2025-04-27 08038369 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2024-05-01 2025-04-27 08038369 e:PoundSterling 2024-05-01 2025-04-27 iso4217:GBP xbrli:pure

Registered number: 08038369 WHYTE & BROWN LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025
WHYTE & BROWN LIMITED REGISTERED NUMBER: 08038369 BALANCE SHEET AS AT 27 APRIL 2025
|  | 27 April |  | 30 April
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 2,178 |  | 4,218
Tangible assets | 6 |  | 449,870 |  | 549,662
|  |  | 452,048 |  | 553,880
Current assets |  |  |  |  |
Stocks | 7 | 29,447 |  | 29,509 |
Debtors: amounts falling due within one year | 8 | 94,286 |  | 2,335,147 |
Cash at bank and in hand | 9 | 74,316 |  | 96,110 |
|  | 198,049 |  | 2,460,766 |
Creditors: amounts falling due within one year | 10 | (3,103,601) |  | (1,909,918) |
Net current (liabilities)/assets |  |  | 2,905,552 |  | (550,848)
Total assets less current liabilities |  |  | (2,453,504) |  | 1,104,728
Creditors: amounts falling due after more than one year | 11 |  | (256,672) |  | (507,791)
Net (liabilities)/assets |  |  | (2,710,176) |  | 596,937
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 3,564 |  | 3,564
Share premium account |  |  | 1,423,915 |  | 1,423,915
Profit and loss account |  |  | (4,137,655) |  | (830,542)
|  |  | (2,710,176) |  | 596,937
Page 1
WHYTE & BROWN LIMITED REGISTERED NUMBER: 08038369 BALANCE SHEET (CONTINUED) AS AT 27 APRIL 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ Mr S Wheeler
Director
Date: 19 February 2026
The notes on pages 3 to 11 form part of these financial statements. Page 2
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025
1. | General information
Whyte & Brown Limited is a limited liability company. The Company is incorporated in England and Wales with registration number 08038369. The address of its registered office is 4th Floor, 95 Chancery Lane, London, WC2A 1DT. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future. In assessing the appropriateness of this basis, the directors have considered the Company's current financial position, future cash flow forecasts, historical trading performance, and other relevant information. The Company has incurred cumulative losses in prior periods and continues to experience cash flow pressures. In addition, the back office accounts team has recently changed, which increases the inherent risk associated with financial forecasting. Nevertheless, after making appropriate enquiries and considering the available information, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they have adopted the going concern basis in preparing these financial statements. However, the directors acknowledge that there are material uncertainties related to future cash flows, the reliability of financial data, and the Company's ability to achieve forecasted trading results, which may cast significant doubt on the Company's ability to continue as a going concern. These financial statements do not include the adjustments that would be required if the Company were unable to continue as a going concern. Page 3
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue 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. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
| 2.7 | Pensions
Defined contribution pension plan The Company contributes into a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 4
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025 2.Accounting policies (continued)
| 2.8 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
| 2.9 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.10 | 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 allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Leasehold land and buildings | - | Over the lease term
|  |  |  | Plant and machinery | - | 5 years straight line
|  |  |  | Fixtures and fittings | - | 20% Reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is 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.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. Page 5
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025 2.Accounting policies (continued)
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the Statement of Financial Position 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. On this background, the directors consider there to be judgments applied only on the depreciation policy of the fixed assets and that the depreciation rates are based upon the expected useful life of the assets.
4. | Employees
| The average monthly number of employees, including directors, during the period was 61 (2024 - 52).
Page 6
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025
5. | Intangible assets
|  | Development expenditure
|  | £
| Cost |
| At 1 May 2024 | 10,200
| At 27 April 2025 | 10,200
| Amortisation |
| At 1 May 2024 | 5,982
| Charge for the period on owned assets | 2,040
| At 27 April 2025 | 8,022
| Net book value |
| At 27 April 2025 | 2,178
| At 30 April 2024 | 4,218
Page 7
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025
6. | Tangible fixed assets
|  | Land and buildings | Plant and machinery & fixtures and fittings etc | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 May 2024 | 930,777 | 768,674 | 1,699,451
| Additions | - | 75,245 | 75,245
| At 27 April 2025 | 930,777 | 843,919 | 1,774,696
| Depreciation |  |  |
| At 1 May 2024 | 566,635 | 583,154 | 1,149,789
| Charge for the period on owned assets | 91,496 | 83,541 | 175,037
| At 27 April 2025 | 658,131 | 666,695 | 1,324,826
| Net book value |  |  |
| At 27 April 2025 | 272,646 | 177,224 | 449,870
| At 30 April 2024 | 364,142 | 185,520 | 549,662
7. | Stocks
|  |  |  |  | 27 April | 30 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Goods held for resale | 29,447 | 29,509
|  | 29,447 | 29,509
Page 8
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025
8. | Debtors
|  |  |  |  | 27 April | 30 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 989 | 35,381
| Amounts owed by group undertakings | - | 2,186,364
| Other debtors | 85,958 | 42,089
| Prepayments and accrued income | 7,339 | 71,313
|  | 94,286 | 2,335,147
9. | Cash and cash equivalents
|  |  |  |  | 27 April | 30 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 74,316 | 96,110
|  | 74,316 | 96,110
10. | Creditors: Amounts falling due within one year
|  |  |  |  | 27 April | 30 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 167,632 | 88,366
| Other loans | 77,620 | 40,755
| Trade creditors | 87,176 | 158,884
| Amounts owed to group undertakings | 2,591,915 | 1,234,887
| Other taxation and social security | 117,209 | 103,203
| Other creditors | 3,205 | 117,243
| Accruals and deferred income | 58,844 | 166,580
|  | 3,103,601 | 1,909,918
| On 22 July 2020 Tc Loans (Cbils) Limited placed a fixed charge and negative pledge over the leasehold property known as or being unit G2 and 1.4 to 1.6 Kingly Court, London, W1B 5PW. On that date Tc Loans (Cbils) Limited also placed a fixed and floating charge over all the properties and undertaking of the company. On 14 May 2021 Tc Security Trustee Limited placed a fixed charge and negative pledge over the leasehold property known as or being Riverside Restaurant, 56 Upper Ground, London, SE1 9PP.
Page 9
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025
11. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 27 April | 30 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 166,440 | 334,072
| Other loans | 77,010 | 154,777
| Other creditors | 13,222 | 18,942
|  | 256,672 | 507,791
12. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 27 April | 30 April
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 167,632 | 88,366
| Other loans | 77,620 | 40,755
|  | 245,252 | 129,121
| Amounts falling due 1-2 years |  |
| Bank loans | 166,440 | 160,776
| Other loans | 77,010 | 73,954
|  | 243,450 | 234,730
| Amounts falling due 2-5 years |  |
| Bank loans | - | 173,296
| Other loans | - | 80,823
|  | - | 254,119
|  | 488,702 | 617,970
Page 10
WHYTE & BROWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 27 APRIL 2025
13. | Contingent liabilities
A contingent liability with regards to the lease dilapidation provisions have been considered in detail, however a reliable estimate has not been arrived at nor adjusted in the accounts. Due to the nature of the lease the directors do not expect these to represent significant costs to the company.
14. | Controlling party
During the period the immediate parent undertaking was Wellfound Limited, a company incorporated in England and Wales. The registered office of Wellfound Limited is 4th Floor, 95 Chancery Lane, London, WC2A 1DT. There is no ultimate controlling party.
Page 11