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REGISTERED NUMBER: 07037030 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

Aliwhite Limited

Aliwhite Limited (Registered number: 07037030)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aliwhite Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C A Whitehead
H E Whitehead





REGISTERED OFFICE: 12 Churchill Road
St. Albans
Hertfordshire
AL1 4HQ





REGISTERED NUMBER: 07037030 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Aliwhite Limited (Registered number: 07037030)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 900,000 820,000

CURRENT ASSETS
Debtors 6 4,745 4,929
Cash at bank 18,240 26,025
22,985 30,954
CREDITORS
Amounts falling due within one year 7 (29,986 ) (32,894 )
NET CURRENT LIABILITIES (7,001 ) (1,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

892,999

818,060

CREDITORS
Amounts falling due after more than one
year

8

(266,436

)

(278,173

)

PROVISIONS FOR LIABILITIES 9 (83,730 ) (83,730 )
NET ASSETS 542,833 456,157

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 436,969 356,969
Retained earnings 11 105,862 99,186
SHAREHOLDERS' FUNDS 542,833 456,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Aliwhite Limited (Registered number: 07037030)

Statement of Financial Position - continued
31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





C A Whitehead - Director


Aliwhite Limited (Registered number: 07037030)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Aliwhite 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 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 cost
Computer equipment - 33% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

Aliwhite Limited (Registered number: 07037030)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023 230,000 590,000 616 627 821,243
Revaluations 35,000 45,000 - - 80,000
At 31 March 2024 265,000 635,000 616 627 901,243
DEPRECIATION
At 1 April 2023
and 31 March 2024 - - 616 627 1,243
NET BOOK VALUE
At 31 March 2024 265,000 635,000 - - 900,000
At 31 March 2023 230,000 590,000 - - 820,000

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Long and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
Valuation in 2022 40,000 140,000 - - 180,000
Valuation in 2020 10,000 30,000 - - 40,000
Valuation in 2016 38,494 71,100 - - 109,594
Valuation in 2011 - 111,105 - - 111,105
Valuation in 2024 35,000 45,000 - - 80,000
Cost 141,506 237,795 616 627 380,544
265,000 635,000 616 627 901,243

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,987 4,245
Prepayments 758 684
4,745 4,929

Aliwhite Limited (Registered number: 07037030)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,506 13,506
Payments on account 3,987 4,245
Corporation tax 1,515 4,456
Other creditors 7,197 7,197
Directors' current accounts 2,090 1,882
Accrued expenses 1,691 1,608
29,986 32,894

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 266,436 278,173

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 83,730 83,730

Deferred
tax
£   
Balance at 1 April 2023 83,730
Balance at 31 March 2024 83,730

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Shares £1 2 2

11. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.