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REGISTERED NUMBER: 07680391 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WHITE ROSE VISAS LTD

WHITE ROSE VISAS LTD (REGISTERED NUMBER: 07680391)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE ROSE VISAS LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mrs K Day
Dr M Day





REGISTERED OFFICE: 101 Wilkinson Street
Sheffield
South Yorkshire
S10 2GJ





REGISTERED NUMBER: 07680391 (England and Wales)

WHITE ROSE VISAS LTD (REGISTERED NUMBER: 07680391)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 43,729 57,600

CURRENT ASSETS
Debtors 6 635,131 410,085
Cash at bank and in hand 78,208 123,997
713,339 534,082
CREDITORS
Amounts falling due within one year 7 305,454 217,651
NET CURRENT ASSETS 407,885 316,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,614

374,031

CREDITORS
Amounts falling due after more than one
year

8

(76,033

)

(152,950

)

PROVISIONS FOR LIABILITIES (10,932 ) (14,400 )
NET ASSETS 364,649 206,681

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 364,647 206,679
SHAREHOLDERS' FUNDS 364,649 206,681

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 VISAS LTD (REGISTERED NUMBER: 07680391)

BALANCE SHEET - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





Dr M Day - Director


WHITE ROSE VISAS LTD (REGISTERED NUMBER: 07680391)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

White Rose Visas 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.

The presentation currency of the financial statements is the Pound Sterling (£).


All monetary values stated within these financial statements are rounded to the nearest £.

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 on a going concern basis under the historical cost convention.

The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

Turnover
Turnover represents invoiced sales of professional services, excluding value added tax.

Revenue is recognised when the company has been judged to have achieved the right to consideration resulting from a level of completed performance under individual contracts but only to the extent that the outcome of such contracts can be assessed with reasonable certainty.

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 - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


WHITE ROSE VISAS LTD (REGISTERED NUMBER: 07680391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 2,782 6,300 56,090 6,515 71,687
Additions - 584 - 2,180 2,764
At 31 December 2023 2,782 6,884 56,090 8,695 74,451
DEPRECIATION
At 1 January 2023 2,161 4,368 4,674 2,884 14,087
Charge for year 194 1,550 12,854 2,037 16,635
At 31 December 2023 2,355 5,918 17,528 4,921 30,722
NET BOOK VALUE
At 31 December 2023 427 966 38,562 3,774 43,729
At 31 December 2022 621 1,932 51,416 3,631 57,600

WHITE ROSE VISAS LTD (REGISTERED NUMBER: 07680391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 84,818 100,398
Amounts owed by group undertakings 507,818 262,644
Other debtors 42,495 47,043
635,131 410,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 82,697 75,393
Taxation and social security 178,010 101,445
Other creditors 44,747 40,813
305,454 217,651

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 76,033 152,950

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 153,531 228,343

The company's borrowings from HSBC Bank Plc are secured by way of a fixed and floating charge over the assets of the company as well as by way of a legal mortgage against its parent company's land & buildings at 101 Wilkinson Street, Sheffield.

At the balance sheet date, borrowings from HSBC amounted to £153,531 (2022 - £228,343).

10. CALLED UP SHARE CAPITAL

The share capital of £2, (2022, £2) has been allotted, called up and fully paid.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, Kim Day & Mark Day by virtue of their 100% interest in the issued share capital of the parent company, WRV Services Ltd, company number 11994197.

WRV Services Ltd is a company registered in England & Wales.