Whitstone House Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01448006 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

WHITSTONE HOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M J Grant

D J Vaughan

SECRETARY:

Mrs M J Grant

REGISTERED OFFICE:

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

01448006 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Tangible assets

4

612,960

627,258

CURRENT ASSETS

Stocks

1,700

Debtors

5

496

Cash at bank and in hand

3,966

8,323

6,162

10,519

CREDITORS

Amounts falling due within one year

6

144,004

137,371

NET CURRENT LIABILITIES

(137,842

)

(126,852

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

475,118

500,406

CREDITORS

Amounts falling due after more than one
year

7

38,076

51,748

NET ASSETS

437,042

448,658

CAPITAL AND RESERVES

Called up share capital

40,000

Revaluation reserve

9

330,758

Capital redemption reserve

20,000

Retained earnings

46,284

57,900

SHAREHOLDERS' FUNDS

437,042

448,658

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2026 and were signed on its behalf by:

D J Vaughan - Director

1.	STATUTORY INFORMATION

Whitstone House 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for bar sales from licenced premises, from farming activities, and furnished holiday lettings, net of applicable value added tax. Bar sales are recognised at the point of sale. Sales from farming activities are also recognised at the point of sale, or in relation to auctioned livestock when auctioned price was agreed and the contract was made. Furnished holiday lettings is recognised when the booking is completed and paid in full.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost and not provided

Fixtures, fittings & equipment

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

Freehold

fittings

Motor

Computer

property

& equipment

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 November 2024

707,347

61,890

32,495

2,095

803,827

Additions

4,900

-

4,900

At 31 October 2025

712,247

61,890

32,495

2,095

808,727

DEPRECIATION

At 1 November 2024

95,977

58,199

20,298

2,095

176,569

Charge for year

12,507

593

6,098

-

19,198

At 31 October 2025

108,484

58,792

26,396

2,095

195,767

NET BOOK VALUE

At 31 October 2025

603,763

3,098

6,099

-

612,960

At 31 October 2024

611,370

3,691

12,197

-

627,258

The freehold property at Eastcott Farm, North Tamerton, Holsworthy, Devon was revalued at open market value at £900,000 on 31 October 2012 by Staggs, Chartered Surveyors. Since this date farmland valued at £250,000 was sold during the year ending 31 October 2013, £108,500 in the year ending 31st October 2017 and a further parcel of land was sold in the year ended 31st October 2020 for £22,000. The directors believe that the current net book value disclosed in the accounts is a fair value and would not be materially different to the actual value and have therefore not carried out a valuation.

Cost or valuation at 31 October 2025 is represented by:

Fixtures,

Freehold

fittings

Motor

Computer

property

& equipment

vehicles

equipment

Totals

£

Valuation in 2008

361,033

-

361,033

Valuation in 2011

(39,858

)

-

(39,858

)

Valuation in 2012

90,992

-

90,992

Valuation in 2013

(81,408

)

-

(81,408

)

Cost

381,488

61,890

32,495

2,095

477,968

712,247

61,890

32,495

2,095

808,727

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST OR VALUATION

At 1 November 2024

and 31 October 2025

24,395

DEPRECIATION

At 1 November 2024

12,198

Charge for year

6,098

At 31 October 2025

18,296

NET BOOK VALUE

At 31 October 2025

6,099

At 31 October 2024

12,197

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

ACT recoverable

496

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

10,020

9,360

Other loans

66,700

62,200

Hire purchase contracts

4,479

3,997

Trade creditors

2,436

2,922

Other creditors

1,210

1,378

Directors' current accounts

56,465

55,065

Accrued expenses

2,694

2,449

144,004

137,371

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.10.25

31.10.24

£

Bank loans - 2-5 years

27,286

30,516

Bank loans over 5 years

2,711

8,674

Hire purchase contracts

8,079

12,558

38,076

51,748

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

2,711

8,674

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

Bank loans

40,017

48,550

Hire purchase contracts

12,558

16,555

52,575

65,105

9.

RESERVES

Revaluation

reserve

£

At 1 November 2024

and 31 October 2025

330,758

10.	RELATED PARTY DISCLOSURES

The directors current accounts represents amounts owing to the directors at the end of the accounting year.

In addition, a loan totalling £66,700 is owed to shareholder D J Whitmill.

11.	ULTIMATE CONTROLLING PARTY

Whitstone House Limited is under the control of D J Whitmill, by virtue of the fact that he owns 85% of the issued voting share capital.