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REGISTERED NUMBER: 13200228 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Whitegate Commercial Property Limited

Whitegate Commercial Property Limited (Registered number: 13200228)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitegate Commercial Property Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C P Lawton
Miss A Dronsfield
Mrs S Dronsfield
I Dronsfield
M Dronsfield
Mrs E Dronsfield





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 13200228 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Whitegate Commercial Property Limited (Registered number: 13200228)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 403,246

CURRENT ASSETS
Debtors 5 4,396 -
Cash at bank 15,747 34,508
20,143 34,508
CREDITORS
Amounts falling due within one year 6 96,315 405,246
NET CURRENT LIABILITIES (76,172 ) (370,738 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,828

32,508

CREDITORS
Amounts falling due after more than one year 7 308,306 -
NET ASSETS 65,522 32,508

CAPITAL AND RESERVES
Called up share capital 96 96
Fair value reserve 8 51,754 -
Retained earnings 13,672 32,412
SHAREHOLDERS' FUNDS 65,522 32,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Whitegate Commercial Property Limited (Registered number: 13200228)

Balance Sheet - continued
28 February 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 28 November 2023 and were signed on its behalf by:





C P Lawton - Director


Whitegate Commercial Property Limited (Registered number: 13200228)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Whitegate Commercial Property 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.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 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 6 (2022 - 6 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 403,246
Disposals (5,000 )
Revaluations 51,754
At 28 February 2023 450,000
NET BOOK VALUE
At 28 February 2023 450,000

Whitegate Commercial Property Limited (Registered number: 13200228)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 51,754
Cost 398,246
450,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 4,396 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax - 7,615
HGF Investments Ltd 15,972 99,312
Directors' loan accounts 79,863 297,839
Accrued expenses 480 480
96,315 405,246

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 2-5 years 308,306 -

8. RESERVES
Fair
value
reserve
£   
No description 51,754

At 28 February 2023 51,754

9. RELATED PARTY DISCLOSURES

The company is controlled by the company director.