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The Whitefield Centre Ltd

Unaudited Financial Statements for the Year Ended 30 June 2024






The Whitefield Centre Ltd (Registered number: 03526986)






Contents of the Financial Statements
for the Year Ended 30 June 2024




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 2024







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 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,808 26,866
Investment property 5 1,450,000 1,450,000
1,476,808 1,476,866

CURRENT ASSETS
Debtors 6 2,184 12,291
Cash at bank 72,465 18,371
74,649 30,662
CREDITORS
Amounts falling due within one year 7 857,496 754,454
NET CURRENT LIABILITIES (782,847 ) (723,792 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

693,961

753,074

CREDITORS
Amounts falling due after more than one
year

8

-

(70,000

)

PROVISIONS FOR LIABILITIES (151,297 ) (150,557 )
NET ASSETS 542,664 532,517

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 460,952 460,952
Retained earnings 81,512 71,365
SHAREHOLDERS' FUNDS 542,664 532,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 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 director and authorised for issue on 19 August 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 2024

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 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 27,931
DEPRECIATION
At 1 July 2023 1,065
Charge for year 58
At 30 June 2024 1,123
NET BOOK VALUE
At 30 June 2024 26,808
At 30 June 2023 26,866

The Whitefield Centre Ltd (Registered number: 03526986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 1,450,000
NET BOOK VALUE
At 30 June 2024 1,450,000
At 30 June 2023 1,450,000

Investment properties were valued using market data by the director on 30 June 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,184 12,291

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 446 -
Other creditors 857,050 754,454
857,496 754,454

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 70,000

Amounts falling due in more than five years:

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

9. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 460,952

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M Aljawadi.