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REGISTERED NUMBER: 11684255 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

WHITEMUD HOMES LTD

WHITEMUD HOMES LTD (REGISTERED NUMBER: 11684255)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITEMUD HOMES LTD

COMPANY INFORMATION
for the year ended 30 November 2021







DIRECTORS: Mrs T Ahmed
D B Ahmed





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 11684255 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

WHITEMUD HOMES LTD (REGISTERED NUMBER: 11684255)

BALANCE SHEET
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 752 310
Investment property 5 200,000 200,000
200,752 200,310

CURRENT ASSETS
Debtors 6 129,058 156,687
Cash at bank 425 240
129,483 156,927
CREDITORS
Amounts falling due within one year 7 176,748 164,089
NET CURRENT LIABILITIES (47,265 ) (7,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,487

193,148

CREDITORS
Amounts falling due after more than one
year

8

(141,751

)

(164,100

)

PROVISIONS FOR LIABILITIES (10,017 ) (9,933 )
NET ASSETS 1,719 19,115

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves 42,095 42,095
Retained earnings (40,378 ) (22,982 )
1,719 19,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

WHITEMUD HOMES LTD (REGISTERED NUMBER: 11684255)

BALANCE SHEET - continued
30 November 2021


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





Mrs T Ahmed - Director


WHITEMUD HOMES LTD (REGISTERED NUMBER: 11684255)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2021

1. STATUTORY INFORMATION

Whitemud Homes 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2020 - NIL).

WHITEMUD HOMES LTD (REGISTERED NUMBER: 11684255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2020 - 463 463
Additions 794 - 794
At 30 November 2021 794 463 1,257
DEPRECIATION
At 1 December 2020 - 153 153
Charge for year 199 153 352
At 30 November 2021 199 306 505
NET BOOK VALUE
At 30 November 2021 595 157 752
At 30 November 2020 - 310 310

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020
and 30 November 2021 200,000
NET BOOK VALUE
At 30 November 2021 200,000
At 30 November 2020 200,000

Fair value at 30 November 2021 is represented by:
£   
Valuation in 2020 51,969
Cost 148,031
200,000

The property is valued using the revaluation model.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 129,058 156,687

WHITEMUD HOMES LTD (REGISTERED NUMBER: 11684255)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other creditors 171,556 159,851
Directors' current accounts 3,932 3,038
Accrued expenses 1,260 1,200
176,748 164,089

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Loan 6,500 6,500
Bank loans more 5 yr by instal 135,251 157,600
141,751 164,100

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 135,251 157,600