Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-310falsefalse2022-04-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Letting of property0 10981721 2022-04-01 2023-03-31 10981721 2021-04-01 2022-03-31 10981721 2023-03-31 10981721 2022-03-31 10981721 c:Director1 2022-04-01 2023-03-31 10981721 d:Buildings 2023-03-31 10981721 d:Buildings 2022-03-31 10981721 d:Non-currentFinancialInstruments 2023-03-31 10981721 d:Non-currentFinancialInstruments 2022-03-31 10981721 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10981721 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10981721 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10981721 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 10981721 d:ShareCapital 2023-03-31 10981721 d:ShareCapital 2022-03-31 10981721 d:RetainedEarningsAccumulatedLosses 2023-03-31 10981721 d:RetainedEarningsAccumulatedLosses 2022-03-31 10981721 c:FRS102 2022-04-01 2023-03-31 10981721 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10981721 c:FullAccounts 2022-04-01 2023-03-31 10981721 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure



Company Registration No. 10981721 (England and Wales)





J WHYTE PROPERTIES LTD

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
J WHYTE PROPERTIES LTD
REGISTERED NUMBER:10981721

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
258,965
258,965

  
258,965
258,965

Current assets
  

Cash at bank and in hand
  
26,352
31,160

  
26,352
31,160

Creditors: amounts falling due within one year
  
(134,795)
(142,796)

Net current liabilities
  
 
 
(108,443)
 
 
(111,636)

Total assets less current liabilities
  
150,522
147,329

Creditors: amounts falling due after more than one year
 5 
(145,863)
(145,863)

  

Net assets
  
4,659
1,466


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
4,658
1,465

  
4,659
1,466


The director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 profit and loss account 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 on 31 October 2023.

................................................
John Whyte
Director

Page 1

 
J WHYTE PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

J Whyte Properties Ltd is a private company limited by shares incorporated in England and Wales. the registered office is 167 Garth Road, Morden, England SM4 4LF.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

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:

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

  
2.6

Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of any impairment losses.
The directors are of the opinion that fair value cannot be achieved without undue cost or effort, therefore, investment properties are accounted for as property, plant and equipment.
Freehold land and buildings are maintained to ensure that their values do not diminish over time. The maintenance cost are charged to the statement of income as incurred. In the director's opinion, depreciation would be immaterial and has not been charged.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Page 2

 
J WHYTE PROPERTIES LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - NIL).


4.


Property, plant and equipment





Land and buildings

£



Cost or valuation


At 1 April 2022
258,965



At 31 March 2023

258,965






Net book value



At 31 March 2023
258,965



At 31 March 2022
258,965


5.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
145,863
145,863

145,863
145,863


The bank loan is secured on investment property owned by the company.

 
Page 3