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REGISTERED NUMBER: 10012022 (England and Wales)










COLIN WHITE (PROPERTY) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






COLIN WHITE (PROPERTY) LIMITED (REGISTERED NUMBER: 10012022)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COLIN WHITE (PROPERTY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: C J White
J M White





REGISTERED OFFICE: 10 Denleigh Gardens
Thames Ditton
Surrey
KT7 0YL





REGISTERED NUMBER: 10012022 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

COLIN WHITE (PROPERTY) LIMITED (REGISTERED NUMBER: 10012022)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,167,000 1,167,000

CURRENT ASSETS
Cash at bank 61,199 18,533

CREDITORS
Amounts falling due within one year 6 697,591 686,837
NET CURRENT LIABILITIES (636,392 ) (668,304 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,608

498,696

CREDITORS
Amounts falling due after more than one
year

7

(212,995

)

(212,995

)

PROVISIONS FOR LIABILITIES (36,957 ) (36,957 )
NET ASSETS 280,656 248,744

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 9 157,554 157,554
Retained earnings 123,002 91,090
280,656 248,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

COLIN WHITE (PROPERTY) LIMITED (REGISTERED NUMBER: 10012022)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 June 2024 and were signed on its behalf by:





J M White - Director


COLIN WHITE (PROPERTY) LIMITED (REGISTERED NUMBER: 10012022)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Colin White (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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at fair value of the consideration received or receivable, net of discounts and value added taxes. Rental income is recognised for the period of use within the accounting year.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

COLIN WHITE (PROPERTY) LIMITED (REGISTERED NUMBER: 10012022)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,167,000
NET BOOK VALUE
At 29 February 2024 1,167,000
At 28 February 2023 1,167,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2018 8,466
Valuation in 2019 (11,500 )
Valuation in 2020 18,294
Valuation in 2021 84,251
Valuation in 2022 95,000
Cost 972,489
1,167,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 7,453 7,798
Other creditors 690,138 679,039
697,591 686,837

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 212,995 212,995

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 212,995 212,995

COLIN WHITE (PROPERTY) LIMITED (REGISTERED NUMBER: 10012022)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 212,995 212,995

The company has a bank loan secured on an investment property with a current fair value £405,000 (2022: £405,000). The loan is repayable in the event of default on payment of interest or principal, and in that case the lender has a claim over the assets specified above, in any order chosen by the lender, to the extent necessary to settle the outstanding value of the debt.

9. RESERVES
Non-distributable
reserve
£   
At 1 March 2023
and 29 February 2024 157,554

10. RELATED PARTY DISCLOSURES

C J White and J M White are Directors of the Company. C J White and J M White are also Directors, and Shareholders of C J White Associates Limited.

The Company maintains an interest free loan accounts, which is repayable on demand, with C J White Associates Limited. During the year, the C J Associate Limited advanced £150,000 (2023: £nil) to the Company for expenses, of which £nil (2023: £nil) was repaid. At the balance sheet date, the Company owes £394,584 (2023: £244,584) to C J White Associates Limited.

The Company maintains an interest free loan accounts, which is repayable on demand, with the Directors of the entity. During the year, the Directors advanced £1,500 (2023: £1,500) to the Company for expenses, of which £150,000 (2023: £50,000) was repaid. At the Balance Sheet date, the Company owes £272,467 (2023: £420,967) to the Directors.