IRIS Accounts Production v24.2.0.383 01432171 director 1.1.23 31.12.23 31.12.23 property company false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014321712022-12-31014321712023-12-31014321712023-01-012023-12-31014321712021-09-30014321712021-10-012022-12-31014321712022-12-3101432171ns15:EnglandWales2023-01-012023-12-3101432171ns14:PoundSterling2023-01-012023-12-3101432171ns10:Director12023-01-012023-12-3101432171ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101432171ns10:SmallEntities2023-01-012023-12-3101432171ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3101432171ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101432171ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101432171ns10:FullAccounts2023-01-012023-12-3101432171ns10:CompanySecretary12023-01-012023-12-3101432171ns10:RegisteredOffice2023-01-012023-12-3101432171ns5:RetainedEarningsAccumulatedLosses2022-12-3101432171ns5:RetainedEarningsAccumulatedLosses2021-09-3001432171ns5:RetainedEarningsAccumulatedLosses2023-12-3101432171ns5:RetainedEarningsAccumulatedLosses2022-12-3101432171ns5:CurrentFinancialInstruments2023-12-3101432171ns5:CurrentFinancialInstruments2022-12-3101432171ns5:ShareCapital2023-12-3101432171ns5:ShareCapital2022-12-3101432171ns5:LandBuildings2022-12-3101432171ns5:PlantMachinery2022-12-3101432171ns5:LandBuildings2023-12-3101432171ns5:PlantMachinery2023-12-3101432171ns5:LandBuildings2022-12-3101432171ns5:PlantMachinery2022-12-3101432171ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101432171ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 01432171 (England and Wales)






















John H Whitaker (Properties) Limited

Report of the Director and

Unaudited Financial Statements for the Year Ended 31st December 2023






John H Whitaker (Properties) Limited (Registered number: 01432171)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Report of the Director 2

Statement of Income and Retained Earnings 3

Balance Sheet 4

Notes to the Financial Statements 5


John H Whitaker (Properties) Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: J M Whitaker





SECRETARY: D McGahey





REGISTERED OFFICE: Crown Dry Dock
Tower Street
Hull
HU9 1TY





REGISTERED NUMBER: 01432171 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

John H Whitaker (Properties) Limited (Registered number: 01432171)

Report of the Director
for the year ended 31st December 2023

The director presents his report with the financial statements of the company for the year ended 31st December 2023.

DIRECTOR
J M Whitaker held office during the whole of the period from 1st January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J M Whitaker - Director


2nd September 2024

John H Whitaker (Properties) Limited (Registered number: 01432171)

Statement of Income and Retained Earnings
for the year ended 31st December 2023

Period
1/10/21
Year Ended to
31/12/23 31/12/22
£    £   

TURNOVER 133,340 120,895

Administrative expenses 56,518 114,430
OPERATING PROFIT and
PROFIT BEFORE TAXATION 76,822 6,465

Tax on profit 16,156 1,266
PROFIT FOR THE FINANCIAL YEAR 60,666 5,199

Retained earnings at beginning of year 5,199 -

RETAINED EARNINGS AT END OF
YEAR

65,865

5,199

John H Whitaker (Properties) Limited (Registered number: 01432171)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,486 12,486
Investment property 5 1,735,000 1,735,000
1,747,486 1,747,486

CURRENT ASSETS
Debtors 6 25,589 10,088
Cash at bank 86,840 54,475
112,429 64,563
CREDITORS
Amounts falling due within one year 7 1,794,048 1,806,848
NET CURRENT LIABILITIES (1,681,619 ) (1,742,285 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,867

5,201

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 65,865 5,199
65,867 5,201

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 2nd September 2024 and were signed by:





J M Whitaker - Director


John H Whitaker (Properties) Limited (Registered number: 01432171)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

John H Whitaker (Properties) 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. 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 on a going concern basis under the historical cost convention.

Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable. The policy adopted for the recognition of turnover is as follows:

Rental income
Income received from the rental of premises are recognised as they become due.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocated the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Land and buildings freehold- no depreciation charged
Fixture and fittings- 20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is any indication of significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by director's internal valuations. The values use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


John H Whitaker (Properties) Limited (Registered number: 01432171)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 41,186 23,755 64,941
DEPRECIATION
At 1st January 2023
and 31st December 2023 28,700 23,755 52,455
NET BOOK VALUE
At 31st December 2023 12,486 - 12,486
At 31st December 2022 12,486 - 12,486

Included in cost of land and buildings is freehold land of £ 12,486 (2022 - £ 12,486 ) which is not depreciated.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 1,735,000
NET BOOK VALUE
At 31st December 2023 1,735,000
At 31st December 2022 1,735,000

John H Whitaker (Properties) Limited (Registered number: 01432171)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,350 8,058
Other debtors 1,239 2,030
25,589 10,088

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,819 2,884
Amounts owed to group undertakings 1,745,837 1,745,837
Taxation and social security 16,156 1,266
Other creditors 28,236 56,861
1,794,048 1,806,848

8. ULTIMATE PARENT UNDERTAKING

The company's parent company and ultimate parent company is Twinpeak (IOM) Limited.