Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-302falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22021-12-01true 12314575 2021-12-01 2022-11-30 12314575 2020-12-01 2021-11-30 12314575 2022-11-30 12314575 2021-11-30 12314575 c:Director2 2021-12-01 2022-11-30 12314575 d:FreeholdInvestmentProperty 2021-12-01 2022-11-30 12314575 d:FreeholdInvestmentProperty 2022-11-30 12314575 d:CurrentFinancialInstruments 2022-11-30 12314575 d:CurrentFinancialInstruments 2021-11-30 12314575 d:Non-currentFinancialInstruments 2022-11-30 12314575 d:Non-currentFinancialInstruments 2021-11-30 12314575 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12314575 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 12314575 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 12314575 d:Non-currentFinancialInstruments d:AfterOneYear 2021-11-30 12314575 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 12314575 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-11-30 12314575 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 12314575 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-11-30 12314575 d:ShareCapital 2022-11-30 12314575 d:ShareCapital 2021-11-30 12314575 d:SharePremium 2022-11-30 12314575 d:SharePremium 2021-11-30 12314575 d:RetainedEarningsAccumulatedLosses 2022-11-30 12314575 d:RetainedEarningsAccumulatedLosses 2021-11-30 12314575 c:FRS102 2021-12-01 2022-11-30 12314575 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 12314575 c:FullAccounts 2021-12-01 2022-11-30 12314575 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Registered number: 12314575










WHITE WHEAT PROPERTIES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
WHITE WHEAT PROPERTIES LTD
REGISTERED NUMBER: 12314575

BALANCE SHEET
AS AT 30 NOVEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Investment property
 4 
3,324,006
-

  
3,324,006
-

Current assets
  

Debtors: amounts falling due within one year
 5 
7,333
-

Cash at bank and in hand
  
2
2

  
7,335
2

Creditors: amounts falling due within one year
 6 
(145,533)
-

Net current (liabilities)/assets
  
 
 
(138,198)
 
 
2

Total assets less current liabilities
  
3,185,808
2

Creditors: amounts falling due after more than one year
  
(1,816,476)
-

  

Net assets
  
1,369,332
2


Capital and reserves
  

Called up share capital 
  
30,000
2

Share premium account
  
1,328,502
-

Profit and loss account
  
10,830
-

  
1,369,332
2


Page 1

 
WHITE WHEAT PROPERTIES LTD
REGISTERED NUMBER: 12314575
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2022

The directors consider 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 directors acknowledge their 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 by: 




Michael Ian Baroth
Director

Date: 26 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WHITE WHEAT PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

White Wheat Properties Ltd is a private company, limited by shares, registered in England and Wales.
The company's registered number is:   12314575
The company's registered office is:   3 New Mill Court
        Swansea Enterprise Park
        Swansea
        SA7 9FG

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.

  
2.2

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.

  
2.3

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.

 
2.4

Going concern

The directors have assessed the principal risks and uncertainties impacting the company and the pressures facing the global economy. The directors are aware that the situation is continually evolving and is prepared to adapt with the latest developments and recommendations.
The directors have assessed the balance sheet and likely future cash flows of the company at the date of approving the financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Page 3

 
WHITE WHEAT PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.5

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.6

Borrowing costs

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

 
2.7

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 in the countries where the Company operates and generates income.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 4

 
WHITE WHEAT PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
3,324,006



At 30 November 2022
3,324,006

The 2022 valuations were made by Lambert Smith Hampton, on an open market value for existing use basis.





5.


Debtors

2022
2021
£
£


Prepayments and accrued income
7,333
-

7,333
-



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
1,785
-

Bank loans
26,681
-

Corporation tax
3,334
-

Other creditors
98,614
-

Accruals and deferred income
15,119
-

145,533
-


Page 5

 
WHITE WHEAT PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

7.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
1,816,476
-

1,816,476
-



8.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
26,681
-

Amounts falling due 1-2 years

Bank loans
671,478
-

Amounts falling due 2-5 years

Bank loans
1,145,000
-


1,843,159
-


The bank loans are secured on the invesment property.

 
Page 6