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REGISTERED NUMBER: 02827560 (England and Wales)












Drew White Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Drew White Limited (Registered number: 02827560)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Drew White Limited

Company Information
for the Year Ended 31 March 2024







Directors: R P White
J White
A J White





Secretary: A J White





Registered office: 8 Water Lane
Ramsbottom
Bury
Lancashire
BL0 0LU





Registered number: 02827560 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Drew White Limited (Registered number: 02827560)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 18,593 24,116
Investment property 5 440,000 440,000
458,593 464,116

Current assets
Debtors 6 - 144
Cash at bank 50,698 50,631
50,698 50,775
Creditors
Amounts falling due within one year 7 28,232 26,073
Net current assets 22,466 24,702
Total assets less current liabilities 481,059 488,818

Provisions for liabilities 65,800 65,800
Net assets 415,259 423,018

Capital and reserves
Called up share capital 3,507 3,507
Capital redemption reserve 1,493 1,493
Fair value reserve 8 263,208 263,208
Retained earnings 147,051 154,810
Shareholders' funds 415,259 423,018

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.

Drew White Limited (Registered number: 02827560)

Balance Sheet - 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





R P White - Director


Drew White Limited (Registered number: 02827560)

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

1. Statutory information

Drew White 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 under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income due from investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% SL
Motor Vehicles - 20% SL

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.

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.

Drew White Limited (Registered number: 02827560)

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

3. Employees and directors

The average number of employees during the year was 4 (2023 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 29,614
Additions 688
At 31 March 2024 30,302
Depreciation
At 1 April 2023 5,498
Charge for year 6,211
At 31 March 2024 11,709
Net book value
At 31 March 2024 18,593
At 31 March 2023 24,116

5. Investment property
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 440,000
Net book value
At 31 March 2024 440,000
At 31 March 2023 440,000

Investment properties were valued at fair value by the director at the year end..

6. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Other debtors - 144

Drew White Limited (Registered number: 02827560)

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

7. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Taxation and social security 338 -
Other creditors 27,894 26,073
28,232 26,073

8. Reserves
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 263,208

The fair value reserve shown after accounting for deferred tax