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REGISTERED NUMBER: 06721987 (England and Wales)











Financial Statements

for the Year Ended 31 October 2023

for

WHITE & WHITE PROPERTY LTD

WHITE & WHITE PROPERTY LTD (REGISTERED NUMBER: 06721987)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE & WHITE PROPERTY LTD

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr S White
Mrs L White





REGISTERED OFFICE: 20 Wroxton Road
London
SE15 2BN





REGISTERED NUMBER: 06721987 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

WHITE & WHITE PROPERTY LTD (REGISTERED NUMBER: 06721987)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,079 1,581
Investment property 5 970,000 970,000
971,079 971,581

CURRENT ASSETS
Debtors 6 - 1,847
Cash at bank 130,598 120,685
130,598 122,532
CREDITORS
Amounts falling due within one year 7 423,147 424,545
NET CURRENT LIABILITIES (292,549 ) (302,013 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,530

669,568

CREDITORS
Amounts falling due after more than one
year

8

(605,942

)

(605,942

)

PROVISIONS FOR LIABILITIES (11,250 ) (11,250 )
NET ASSETS 61,338 52,376

CAPITAL AND RESERVES
Called up share capital 9 32,502 32,502
Fair value reserve 33,750 33,750
Retained earnings (4,914 ) (13,876 )
SHAREHOLDERS' FUNDS 61,338 52,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

WHITE & WHITE PROPERTY LTD (REGISTERED NUMBER: 06721987)

Balance Sheet - continued
31 October 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 30 July 2024 and were signed on its behalf by:





Mr S White - Director


WHITE & WHITE PROPERTY LTD (REGISTERED NUMBER: 06721987)

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

1. STATUTORY INFORMATION

White & White Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

WHITE & WHITE PROPERTY LTD (REGISTERED NUMBER: 06721987)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 549 3,220 3,769
Additions - 781 781
At 31 October 2023 549 4,001 4,550
DEPRECIATION
At 1 November 2022 137 2,051 2,188
Charge for year 138 1,145 1,283
At 31 October 2023 275 3,196 3,471
NET BOOK VALUE
At 31 October 2023 274 805 1,079
At 31 October 2022 412 1,169 1,581

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 970,000
NET BOOK VALUE
At 31 October 2023 970,000
At 31 October 2022 970,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 970,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors - 1,847

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 4,236 -
Directors' current accounts 416,072 416,072
Accruals and deferred income 2,839 8,473
423,147 424,545

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans more 5 yrs non-inst 605,942 605,942

WHITE & WHITE PROPERTY LTD (REGISTERED NUMBER: 06721987)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 605,942 605,942

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
325,002 Ordinary £1 32,502 32,502

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director an amount of £416,072 (2022: £416,072). The amount is interest free and repayable on demand.