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REGISTERED NUMBER: 05687053 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WHITEWAY PROPERTIES LTD

WHITEWAY PROPERTIES LTD (REGISTERED NUMBER: 05687053)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WHITEWAY PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: J Schreiber





SECRETARY: Mrs S Reisner





REGISTERED OFFICE: 20 Ashtead Road
Stamford Hill
London
E5 9BH





REGISTERED NUMBER: 05687053 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

WHITEWAY PROPERTIES LTD (REGISTERED NUMBER: 05687053)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 152 178
Investment property 5 950,000 950,000
950,152 950,178

CURRENT ASSETS
Debtors 6 167,000 160,000
Investments 7 33,866 33,866
Cash at bank 582 727
201,448 194,593
CREDITORS
Amounts falling due within one year 8 (692,434 ) (665,694 )
NET CURRENT LIABILITIES (490,986 ) (471,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,166

479,077

CREDITORS
Amounts falling due after more than one
year

9

(48,134

)

(83,043

)
NET ASSETS 411,032 396,034

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 266,099 266,099
Retained earnings 12 144,932 129,934
SHAREHOLDERS' FUNDS 411,032 396,034

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

WHITEWAY PROPERTIES LTD (REGISTERED NUMBER: 05687053)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 director and authorised for issue on 15 October 2024 and were signed by:





J Schreiber - Director


WHITEWAY PROPERTIES LTD (REGISTERED NUMBER: 05687053)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Whiteway Properties 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 (£).


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 net rent receivable, excluding value added tax.

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 - 15% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

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

WHITEWAY PROPERTIES LTD (REGISTERED NUMBER: 05687053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 2,802
DEPRECIATION
At 1 February 2023 2,624
Charge for year 26
At 31 January 2024 2,650
NET BOOK VALUE
At 31 January 2024 152
At 31 January 2023 178

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 950,000
NET BOOK VALUE
At 31 January 2024 950,000
At 31 January 2023 950,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2015 266,099
Cost 683,901
950,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 167,000 160,000

7. CURRENT ASSET INVESTMENTS
31.1.24 31.1.23
£    £   
Unlisted investments 33,866 33,866

WHITEWAY PROPERTIES LTD (REGISTERED NUMBER: 05687053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 1,886 3,513
Other creditors 690,548 662,181
692,434 665,694

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 48,134 -
Other creditors - 83,043
48,134 83,043

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Building society mortgage 48,134 -
Other loans more 5yrs non-inst - 83,043
48,134 83,043

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 48,134 -
Building society mortgage - 83,043
48,134 83,043

The mortgage is secured by a first charge over the company's investment properties and bear interest at variable rates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary 1 1 1

WHITEWAY PROPERTIES LTD (REGISTERED NUMBER: 05687053)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 129,934 266,099 396,033
Profit for the year 14,998 14,998
At 31 January 2024 144,932 266,099 411,031

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Schreiber.