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REGISTERED NUMBER: 04326535 (England and Wales)















DIRECTORS' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WHITECLIFF DOVER LIMITED

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Directors' Report 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


WHITECLIFF DOVER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P Waddell
J Ferguson





REGISTERED OFFICE: The Showroom
Lakeside Services
Sturry Road
Canterbury
Kent
CT11DS





REGISTERED NUMBER: 04326535 (England and Wales)





ACCOUNTANT: KPMG LLP
Global House
High Street
Crawley
RH10 1DQ

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property rental and investment.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

P Waddell
J Ferguson

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:





P Waddell - Director


26 September 2024

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   

TURNOVER 817,192 439,840

Cost of sales (337,370 ) (90,476 )
GROSS PROFIT 479,822 349,364

Administrative expenses (194,598 ) (167,026 )
OPERATING PROFIT 5 285,224 182,338

Interest receivable and similar income 1 -
285,225 182,338

Interest payable and similar expenses (5,584 ) (12,503 )
PROFIT BEFORE TAXATION 279,641 169,835

Tax on profit 6 45,380 (42,781 )
PROFIT FOR THE FINANCIAL YEAR 325,021 127,054

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 7 19,918 31,501
Investment property 8 3,766,774 3,766,774
3,786,692 3,798,275

CURRENT ASSETS
Debtors 9 81,593 86,706
Cash at bank 99,536 44,824
181,129 131,530
CREDITORS
Amounts falling due within one year 10 (562,719 ) (849,724 )
NET CURRENT LIABILITIES (381,590 ) (718,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,405,102

3,080,081

PROVISIONS FOR LIABILITIES 12 (207,537 ) (207,537 )
NET ASSETS 3,197,565 2,872,544

CAPITAL AND RESERVES
Called up share capital 13 1,000 1,000
Retained earnings 3,196,565 2,871,544
SHAREHOLDERS' FUNDS 3,197,565 2,872,544

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.

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





P Waddell - Director


WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 January 2022 1,000 2,744,490 2,745,490

Changes in equity
Total comprehensive income - 127,054 127,054
Balance at 31 December 2022 1,000 2,871,544 2,872,544

Changes in equity
Total comprehensive income - 325,021 325,021
Balance at 31 December 2023 1,000 3,196,565 3,197,565

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Whitecliff Dover 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, apart from where land and buildings have been revalued and measured at fair value.

Going Concern
These accounts have been prepared on a going concern basis. The director has reviewed the financial statements along with the current trading position and considers the use of the going concern basis as appropriate due to the current market conditions.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

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.

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.


WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

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 2 (2022 - 2 ) .

5. OPERATING PROFIT

The operating profit is stated after charging:

31/12/23 31/12/22
£    £   
Depreciation - owned assets 11,583 11,684

6. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the profit for the year was as follows:
31/12/23 31/12/22
£    £   
Current tax:
UK corporation tax (45,380 ) 42,781
Tax on profit (45,380 ) 42,781

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 57,270 921 58,191
DEPRECIATION
At 1 January 2023 25,916 774 26,690
Charge for year 11,454 129 11,583
At 31 December 2023 37,370 903 38,273
NET BOOK VALUE
At 31 December 2023 19,900 18 19,918
At 31 December 2022 31,354 147 31,501

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 3,766,774
NET BOOK VALUE
At 31 December 2023 3,766,774
At 31 December 2022 3,766,774

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2015 1,646,714
Valuation in 2017 1,353,286
Valuation in 2018 (395,000 )
Valuation in 2019 780,000
Valuation in 2020 365,000
Valuation in 2021 16,774
3,766,774

If investment property had not been revalued it would have been included at the following historical cost:

31/12/23 31/12/22
£    £   
Cost 1,367,146 1,367,146
Aggregate depreciation (291,080 ) (291,080 )

Investment property was valued on an open market basis on 3 May 2019 by CBRE .

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 31,830 69,305
Amounts owed by group undertakings - 9,347
Other debtors 49,763 8,054
81,593 86,706

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts - 156,758
Trade creditors 155,306 72,193
Amounts owed to group undertakings 345,086 535,886
Taxation and social security 3,883 61,822
Other creditors 58,444 23,065
562,719 849,724

11. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   
Bank loans - 156,758

A legal charge has been given by Whitecliff Dover Ltd to Principality Building Society. This provides fixed and floating charges over the property and assets for all monies due or to become due from the company to Principality Building Society.

12. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax 207,537 207,537

Deferred
tax
£   
Balance at 1 January 2023 207,537
Balance at 31 December 2023 207,537

WHITECLIFF DOVER LIMITED (REGISTERED NUMBER: 04326535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

13. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
350 Ordinary A £1 300 300
350 Ordinary B £1 350 350
350 Ordinary C £1 350 350
1,000 1,000

14. ULTIMATE CONTROLLING PARTY

Mr P Waddell, a company director, is the ultimate controlling party by virtue of his shareholding in the parent company.

The company is a subsidiary undertaking of Peter Waddell Holdco Limited.

The largest group in which the results of the company are consolidated is that headed by Peter Waddell Holdco Limited, The Showroom, Lakeside Service Station, Sturry Road, Canterbury, Kent, United Kingdom, CT1 1DS. No other group financial statements include the results of the Company. The consolidated financial statements of the group is available to the public and may be obtained from the registered office.