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The Whitefield Centre Ltd

Unaudited Financial Statements for the Year Ended 30 June 2023






The Whitefield Centre Ltd (Registered number: 03526986)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Whitefield Centre Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mrs M Aljawadi





SECRETARY: M Aljawadi





REGISTERED OFFICE: 22 Severs Street
Liverpool
Merseyside
L6 5HJ





REGISTERED NUMBER: 03526986 (England and Wales)





ACCOUNTANTS: MATTHEWS SUTTON & CO LTD
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
L18 1DG

The Whitefield Centre Ltd (Registered number: 03526986)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,866 26,943
Investment property 5 1,450,000 1,450,000
1,476,866 1,476,943

CURRENT ASSETS
Debtors 6 12,291 11,402
Cash at bank 18,371 13,001
30,662 24,403
CREDITORS
Amounts falling due within one year 7 754,454 736,709
NET CURRENT LIABILITIES (723,792 ) (712,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

753,074

764,637

CREDITORS
Amounts falling due after more than one
year

8

(70,000

)

(70,000

)

PROVISIONS FOR LIABILITIES (150,557 ) (150,371 )
NET ASSETS 532,517 544,266

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 460,952 460,952
Retained earnings 71,365 83,114
SHAREHOLDERS' FUNDS 532,517 544,266

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The Whitefield Centre Ltd (Registered number: 03526986)

Balance Sheet - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2024 and were signed by:





M Aljawadi - Director


The Whitefield Centre Ltd (Registered number: 03526986)

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

1. STATUTORY INFORMATION

The Whitefield Centre Ltd 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 rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 27,931
DEPRECIATION
At 1 July 2022 988
Charge for year 77
At 30 June 2023 1,065
NET BOOK VALUE
At 30 June 2023 26,866
At 30 June 2022 26,943

The Whitefield Centre Ltd (Registered number: 03526986)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,450,000
NET BOOK VALUE
At 30 June 2023 1,450,000
At 30 June 2022 1,450,000

Investment properties were valued using market data by the director on 30 June 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,291 11,402

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 754,454 736,709

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 70,000 70,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 70,000 70,000

9. RESERVES
Fair
value
reserve
£   
At 1 July 2022
and 30 June 2023 460,952

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M Aljawadi.