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REGISTERED NUMBER: 08636057 (England and Wales)















Financial Statements

for the Year Ended 31 August 2023

for

WHITE ROSE HOMES LTD.

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE ROSE HOMES LTD.

Company Information
for the Year Ended 31 August 2023







DIRECTORS: D Wigglesworth
M Trueman





REGISTERED OFFICE: Matrix@Dinnington Business Centre
Nobel Way
Dinnington
Sheffield
S25 3QB





REGISTERED NUMBER: 08636057 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,759 -
Investment property 5 344,396 344,396
357,155 344,396

CURRENT ASSETS
Stock 6 215,521 215,521
Debtors 7 35,148 47,628
250,669 263,149
CREDITORS
Amounts falling due within one year 8 276,806 280,236
NET CURRENT LIABILITIES (26,137 ) (17,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,018

327,309

CREDITORS
Amounts falling due after more than one
year

9

393,603

386,584
NET LIABILITIES (62,585 ) (59,275 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (62,685 ) (59,375 )
SHAREHOLDERS' FUNDS (62,585 ) (59,275 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Balance Sheet - continued
31 August 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 August 2024 and were signed on its behalf by:





D Wigglesworth - Director


WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

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


1. STATUTORY INFORMATION

White Rose Homes 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sales value of properties sold in the year and rents receivable.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the cost less estimated residual value of the assets over their expected useful lives at the following annual rates:

Motor vehicles - 20% of 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.

Stock and work in progress
Stock and work in progress is stated at the lower of cost and estimated net realisable value. Cost includes all property development costs including interest on development funding incurred during the period of construction.

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).

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

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


4. TANGIBLE FIXED ASSETS
Plant,
equipment
and
vehicles
£   
COST
Additions 15,948
At 31 August 2023 15,948
DEPRECIATION
Charge for year 3,189
At 31 August 2023 3,189
NET BOOK VALUE
At 31 August 2023 12,759

Fixed assets are held wholly under hire purchase and similar contracts.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 344,396
NET BOOK VALUE
At 31 August 2023 344,396
At 31 August 2022 344,396

6. STOCK

Stock represents completed properties held for sale.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on
contracts 7,339 -
Other debtors 27,809 47,628
35,148 47,628

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,277 12,800
Hire purchase contracts 3,036 -
Trade creditors 3,673 -
Taxation and social security 4,189 7,612
Other creditors 260,631 259,824
276,806 280,236

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 381,190 386,584
Hire purchase contracts 12,413 -
393,603 386,584

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 366,190 366,584

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 386,190 391,584

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director, D Wigglesworth, operates a current account with the company which was overdrawn by a maximum amount of £19,517 for a period of 302 days during the year. The current account is interest free and was in credit at both the beginning and end of the year.