IRIS Accounts Production v23.3.1.45 12065255 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120652552022-06-30120652552023-06-30120652552022-07-012023-06-30120652552021-06-30120652552021-07-012022-06-30120652552022-06-3012065255ns10:Originalns15:EnglandWales2022-07-012023-06-3012065255ns14:PoundSterlingns10:Original2022-07-012023-06-3012065255ns10:Originalns10:Director12022-07-012023-06-3012065255ns10:Original2022-07-012023-06-3012065255ns10:Original2023-06-3012065255ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3012065255ns10:Originalns10:SmallEntities2022-07-012023-06-3012065255ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3012065255ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3012065255ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3012065255ns10:Originalns10:FullAccounts2022-07-012023-06-3012065255ns10:Original2022-06-3012065255ns10:Originalns5:CurrentFinancialInstruments2023-06-3012065255ns10:Originalns5:CurrentFinancialInstruments2022-06-3012065255ns10:Originalns5:Non-currentFinancialInstruments2023-06-3012065255ns10:Originalns5:Non-currentFinancialInstruments2022-06-3012065255ns5:ShareCapitalns10:Original2023-06-3012065255ns5:ShareCapitalns10:Original2022-06-3012065255ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3012065255ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-06-3012065255ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-3012065255ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-3012065255ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3012065255ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3012065255ns10:Originalns10:RegisteredOffice2022-07-012023-06-3012065255ns10:Original2021-07-012022-06-3012065255ns10:Original2022-06-3012065255ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3012065255ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3012065255ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3012065255ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3012065255ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3012065255ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3012065255ns5:Securedns10:Original2023-06-3012065255ns5:Securedns10:Original2022-06-3012065255ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-06-30
REGISTERED NUMBER: 12065255 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2023

for

Whiteoaks Properties Limited

Whiteoaks Properties Limited (Registered number: 12065255)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Whiteoaks Properties Limited (Registered number: 12065255)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,200,000 1,200,000

CURRENT ASSETS
Debtors 5 17,497 -
Cash at bank 27,185 108,660
44,682 108,660
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

52,313

130,410
NET CURRENT LIABILITIES (7,631 ) (21,750 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,192,369

1,178,250

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR

7

(483,479

)

(513,745

)

PROVISIONS FOR LIABILITIES (22,811 ) (22,811 )
NET ASSETS 686,079 641,694

CAPITAL AND RESERVES
Called up share capital 2 2
Shares to be issued 402,342 402,342
Fair value reserve 10 97,246 97,246
Retained earnings 186,489 142,104
686,079 641,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

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

Whiteoaks Properties Limited (Registered number: 12065255)

Balance Sheet - continued
30th June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th November 2023 and were signed on its behalf by:





R D Hackman - Director


Whiteoaks Properties Limited (Registered number: 12065255)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Whiteoaks Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12065255

Registered office: Unit 7
Curo Park
Frogmore
St. Albans
AL2 2DD

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total invoice value of rent receivable during the period excluding value added tax.

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 Profit and Loss Account, 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 4 (2022 - 4 ) .

Whiteoaks Properties Limited (Registered number: 12065255)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022
and 30th June 2023 1,200,000
NET BOOK VALUE
At 30th June 2023 1,200,000
At 30th June 2022 1,200,000

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2020 105,957
Valuation in 2021 14,100
Cost 1,079,943
1,200,000

Investment property was valued on a fair value basis on 30th June 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related parties 17,497 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 34,226 34,226
Trade creditors 265 -
Amounts owed to related parties - 76,947
Taxation and social security 15,831 17,396
Other creditors 1,991 1,841
52,313 130,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 483,479 513,745

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 346,574 376,840

Whiteoaks Properties Limited (Registered number: 12065255)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 34,226 34,226

Amounts falling due between one and two years:
Bank loans - 1-2 years 34,226 34,226

Amounts falling due between two and five years:
Bank loans - 2-5 years 102,679 102,679

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 346,574 376,840

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 517,705 547,971

Bank loans are secured on the investment property.

10. RESERVES
Fair
value
reserve
£   
At 1st July 2022
and 30th June 2023 97,246

11. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Park Street Holdings Limited a private company, limited by shares,
registered in England and Wales. Registered number is 12063797 and registered office is Unit 7 Curo Park, Frogmore, St Albans, Hertfordshire, United Kingdom, AL2 2D.