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REGISTERED NUMBER: 11939855 (England and Wales)










Financial Statements

for the Year Ended 31 March 2023

for

Whitemark Developments Limited

Whitemark Developments Limited (Registered number: 11939855)






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


Whitemark Developments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R J Joyner
K Joyner





REGISTERED OFFICE: 72 Hill Road
Watlington
OX49 5AF





REGISTERED NUMBER: 11939855 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Whitemark Developments Limited (Registered number: 11939855)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 837,821 753,965

CURRENT ASSETS
Cash at bank and in hand 130 2,499

CREDITORS
Amounts falling due within one year 5 (386,843 ) (322,168 )
NET CURRENT LIABILITIES (386,713 ) (319,669 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,108

434,296

CREDITORS
Amounts falling due after more than one
year

6

(440,458

)

(438,837

)

PROVISIONS FOR LIABILITIES (9,077 ) -
NET ASSETS/(LIABILITIES) 1,573 (4,541 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 8 1,569 (4,545 )
1,573 (4,541 )

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.

Whitemark Developments Limited (Registered number: 11939855)

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 21 March 2024 and were signed on its behalf by:





R J Joyner - Director


Whitemark Developments Limited (Registered number: 11939855)

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

1. STATUTORY INFORMATION

Whitemark Developments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 NIL (2022 - NIL).

Whitemark Developments Limited (Registered number: 11939855)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 753,965
Additions 63,856
Revaluations 20,000
At 31 March 2023 837,821
NET BOOK VALUE
At 31 March 2023 837,821
At 31 March 2022 753,965

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2022 27,773
Valuation in 2023 20,000
Cost 790,048
837,821

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 232,753 227,130
Directors' current accounts 151,989 93,087
Accrued expenses 2,101 1,951
386,843 322,168

The amount in other creditors of £232,753 is due to Whitemark Group LLP of which the director is a member. The loan is interest free and fully repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgages 440,458 438,837

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 440,458 438,837

Whitemark Developments Limited (Registered number: 11939855)

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

8. RESERVES
Retained
earnings
£   

At 1 April 2022 (4,545 )
Profit for the year 6,114
At 31 March 2023 1,569