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REGISTERED NUMBER: 02443308 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Whitebridge Properties Limited

Whitebridge Properties Limited (Registered number: 02443308)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitebridge Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs A.B. Baines
C J Baines





SECRETARY: Miss M E Darby





REGISTERED OFFICE: Whitebridge Industrial Estate
Whitebridge Lane
Stone
Staffordshire
ST15 8LQ





REGISTERED NUMBER: 02443308 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

Whitebridge Properties Limited (Registered number: 02443308)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,314 242,236
Investment property 5 97,389 97,389
327,703 339,625

CURRENT ASSETS
Debtors 6 348,356 273,078
Cash at bank and in hand 121,828 101,287
470,184 374,365
CREDITORS
Amounts falling due within one year 7 309,413 237,227
NET CURRENT ASSETS 160,771 137,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,474

476,763

CREDITORS
Amounts falling due after more than one
year

8

(23,333

)

(33,333

)

PROVISIONS FOR LIABILITIES 9 (9,169 ) (7,429 )
NET ASSETS 455,972 436,001

CAPITAL AND RESERVES
Called up share capital 10 750 750
Capital redemption reserve 11 250 250
Retained earnings 11 454,972 435,001
SHAREHOLDERS' FUNDS 455,972 436,001

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.

Whitebridge Properties Limited (Registered number: 02443308)

Balance Sheet - 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 6 November 2023 and were signed on its behalf by:





C J Baines - Director


Whitebridge Properties Limited (Registered number: 02443308)

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

1. STATUTORY INFORMATION

Whitebridge 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.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.

Where services are only partially provided for at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of Creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - at varying rates on cost
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Office equipment - 20% on reducing balance

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.

Whitebridge Properties Limited (Registered number: 02443308)

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

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and Office
leasehold property machinery equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 474,887 45,900 107,369 15,252 643,408
Additions - - 2,175 842 3,017
At 31 March 2023 474,887 45,900 109,544 16,094 646,425
DEPRECIATION
At 1 April 2022 272,904 28,595 86,517 13,156 401,172
Charge for year 8,347 2,550 3,454 588 14,939
At 31 March 2023 281,251 31,145 89,971 13,744 416,111
NET BOOK VALUE
At 31 March 2023 193,636 14,755 19,573 2,350 230,314
At 31 March 2022 201,983 17,305 20,852 2,096 242,236

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2022
and 31 March 2023 97,389
NET BOOK VALUE
At 31 March 2023 97,389
At 31 March 2022 97,389

The investment property is stated in the accounts at cost price. The directors consider that this is a fair approximation of the property's current market value.

Whitebridge Properties Limited (Registered number: 02443308)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Sundry debtors and prepayments 301,690 216,195
Amounts owed by group undertakings 35,976 3,387
Directors' current accounts - 16,000
Tax - 28,170
Prepayments 10,690 9,326
348,356 273,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 40,127 62,096
Tax 20,223 19,980
Social security and other taxes 3,023 3,163
VAT 35,094 14,496
Other creditors 22,777 20,189
Accruals and deferred income 38,583 29,512
Accrued expenses 139,586 77,791
309,413 237,227

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,333 23,333
23,333 33,333

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 9,169 7,429

Deferred
tax
£   
Balance at 1 April 2022 7,429
Provided during year 1,740
Balance at 31 March 2023 9,169

Whitebridge Properties Limited (Registered number: 02443308)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
750 Ordinary £1 750 750

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 435,001 250 435,251
Profit for the year 64,971 64,971
Dividends (45,000 ) (45,000 )
At 31 March 2023 454,972 250 455,222

12. RELATED PARTY DISCLOSURES

The company manages the Whitebridge Estate. Whitebridge Estates LLP, which owns the Whitebridge Estate, is jointly owned by Mr C J Baines and members of his close family.

The company charged rent to Whitebridge Estates LLP of £5,000. (2022 - £5,000) for the use of a car park during the year, as well as recharging utilities etc of £3,434 (2022 - £3,699). The company also charged Whitebridge Estates LLP a management charge of £1,757 (2022 - £3,869).
The company was charged £26,000 (2022 - £26,000) during the year for the rent of a unit from Whitebridge Estates LLP.

The outstanding balance due from Whitebridge Estates LLP to the company at the year end was £nil (2022 - £40,000). The outstanding balance due from the company to Whitebridge Estates LLP at the year end was £nil (2022 - £nil). In addition, the company was owed £35,976 (2022 - £3,387) from Whitebridge Estates LLP on a loan account which is included within debtors on the balance sheet.