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REGISTERED NUMBER: 07553249 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

WHF Properties Limited

WHF Properties Limited (Registered number: 07553249)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WHF Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: W Flatau
Mrs H B Flatau





REGISTERED OFFICE: 4th Floor
167 Fleet Street
London
EC4A 2EA





REGISTERED NUMBER: 07553249 (England and Wales)





ACCOUNTANTS: Elliotts Shah
Chartered Accountants
4th Floor
167 Fleet Street
London
EC4A 2EA

WHF Properties Limited (Registered number: 07553249)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,074 1,818
Investments 5 23 23
Investment property 6 1,575,000 1,634,864
1,665,097 1,636,705

CURRENT ASSETS
Debtors 7 869,812 207,256
Cash at bank 1,030,030 311,815
1,899,842 519,071
CREDITORS
Amounts falling due within one year 8 657,595 390,454
NET CURRENT ASSETS 1,242,247 128,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,907,344

1,765,322

PROVISIONS FOR LIABILITIES 44,000 46,000
NET ASSETS 2,863,344 1,719,322

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,863,244 1,719,222
SHAREHOLDERS' FUNDS 2,863,344 1,719,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

WHF Properties Limited (Registered number: 07553249)

Statement of Financial Position - continued
31 March 2023


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 27 October 2023 and were signed on its behalf by:





W Flatau - Director


WHF Properties Limited (Registered number: 07553249)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

WHF Properties 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.

Going concern
After considering the company's prospects, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents consultancy fees receivable, share of profits from joint property developments, and rents receivable from investment properties, all excluding value added tax.

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 - 15% on reducing balance
Motor vehicles - Straight line over 4 years
Office equipment - Straight line over 3 years

Investments in associates
Investments in associate undertakings are recognised at 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WHF Properties Limited (Registered number: 07553249)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 2,552 - 3,047 5,599
Additions - 94,103 1,056 95,159
At 31 March 2023 2,552 94,103 4,103 100,758
DEPRECIATION
At 1 April 2022 1,956 - 1,825 3,781
Charge for year 89 5,881 933 6,903
At 31 March 2023 2,045 5,881 2,758 10,684
NET BOOK VALUE
At 31 March 2023 507 88,222 1,345 90,074
At 31 March 2022 596 - 1,222 1,818

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2022
and 31 March 2023 23
NET BOOK VALUE
At 31 March 2023 23
At 31 March 2022 23

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,634,864
Revaluations (59,864 )
At 31 March 2023 1,575,000
NET BOOK VALUE
At 31 March 2023 1,575,000
At 31 March 2022 1,634,864

Investment properties are stated at fair value as determined by the directors. The historical cost of the investment properties is £1,269,516 (2022: £1,269,516).

WHF Properties Limited (Registered number: 07553249)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 266,400 -
Other debtors 603,412 207,256
869,812 207,256

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 255,408 3,090
Other creditors 402,187 387,364
657,595 390,454

9. RELATED PARTY DISCLOSURES

(i) Debtors includes £1,162 owed by the director, W Flatau (2022: £3,626).

(ii) Other creditors includes shareholder loans of £385,384 (2022: £385,384) owed to the daughters of the directors, W Flatau and Mrs H B Flatau.

(iii) During the year, W Flatau waived his right in full to any dividends for the year. During the year, a dividend of £2,000 (2022: £2,000) was paid to Mrs H B Flatau.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, W Flatau and Mrs H B Flatau, who are beneficially interested in 35% each of the issued share capital.