White Rose Corporation Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07279347 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

WHITE ROSE CORPORATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs Clare Mercer

Mr Christopher Williams

SECRETARY:

REGISTERED OFFICE:

Holly Barn

Carlton Miniott

Thirsk

North Yorkshire

YO7 4NJ

REGISTERED NUMBER:

07279347 (England and Wales)

ACCOUNTANTS:

White Rose Corporation Ltd

Holly Barn

Carlton Miniott

Thirsk

North Yorkshire

YO7 4NJ

FIXED ASSETS

Intangible assets

4

37,000

38,000

CURRENT ASSETS

Debtors

5

51,134

16,376

Cash at bank and in hand

42,075

24,078

93,209

40,454

CREDITORS

Amounts falling due within one year

6

31,032

40,954

NET CURRENT ASSETS/(LIABILITIES)

62,177

(500

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99,177

37,500

CREDITORS

Amounts falling due after more than one year

7

43,750

-

NET ASSETS

55,427

37,500

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

55,327

37,400

SHAREHOLDERS' FUNDS

55,427

37,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 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 6th April 2021 and were signed on its behalf by:

Mr Christopher Williams - Director

1.	STATUTORY INFORMATION

White Rose Corporation Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty 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.

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.

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 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2020

and 31st March 2021

38,000

AMORTISATION

Charge for year

1,000

At 31st March 2021

1,000

NET BOOK VALUE

At 31st March 2021

37,000

At 31st March 2020

38,000

5.

DEBTORS

2021

2020

£

£

Amounts falling due within one year:

Trade debtors

-

9,540

Other debtors

7,384

6,836

7,384

16,376

Amounts falling due after more than one year:

Other debtors

43,750

-

Aggregate amounts

51,134

16,376

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

(1

)

1

Taxation and social security

31,033

29,872

Other creditors

-

11,081

31,032

40,954

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other creditors

43,750

-