1 May 2023 false Taxfiler 2024.5 03548559business:PrivateLimitedCompanyLtd2023-05-012024-04-30 035485592023-04-30 035485592023-05-012024-04-30 03548559business:AuditExemptWithAccountantsReport2023-05-012024-04-30 03548559business:FilletedAccounts2023-05-012024-04-30 035485592024-04-30 03548559business:Director12023-05-012024-04-30 03548559business:Director22023-05-012024-04-30 03548559business:CompanySecretary12023-05-012024-04-30 03548559business:RegisteredOffice2023-05-012024-04-30 035485592023-04-30 03548559core:WithinOneYear2024-04-30 03548559core:WithinOneYear2023-04-30 03548559core:AfterOneYear2024-04-30 03548559core:AfterOneYear2023-04-30 03548559core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 03548559core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 03548559core:RevaluationReservecore:PreviouslyStatedAmount2024-04-30 03548559core:RevaluationReservecore:PreviouslyStatedAmount2023-04-30 03548559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 03548559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 03548559core:PreviouslyStatedAmount2024-04-30 03548559core:PreviouslyStatedAmount2023-04-30 03548559business:SmallEntities2023-05-012024-04-30 03548559countries:EnglandWales2023-05-012024-04-30 03548559business:OrdinaryShareClass12023-05-012024-04-30 03548559business:OrdinaryShareClass12022-05-012023-04-30 035485592022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 03548559 (England and Wales)
Whitehill Properties Limited Unaudited accounts for the year ended 30 April 2024
Whitehill Properties Limited Unaudited accounts Contents
Page
- 2 -
Whitehill Properties Limited Company Information for the year ended 30 April 2024
Directors
Mr J C Owen Mrs J M Owen
Secretary
Mr J C Owen
Company Number
03548559 (England and Wales)
Registered Office
2 Meeting House Lane Brighton East Sussex BN1 1HB United Kingdom
Accountants
D M Pettitt Accountancy Services 33 Bowmans Close Steyning West Sussex BN44 3SR
- 3 -
Whitehill Properties Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
3,434,482 
3,434,482 
Investments
200 
200 
3,434,682 
3,434,682 
Current assets
Debtors
107,907 
95,756 
Cash at bank and in hand
28,437 
36,949 
136,344 
132,705 
Creditors: amounts falling due within one year
(2,708,449)
(2,802,845)
Net current liabilities
(2,572,105)
(2,670,140)
Total assets less current liabilities
862,577 
764,542 
Creditors: amounts falling due after more than one year
(22,898)
(91,588)
Provisions for liabilities
Deferred tax
(47,712)
(47,712)
Net assets
791,967 
625,242 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
71,273 
71,273 
Profit and loss account
720,594 
553,869 
Shareholders' funds
791,967 
625,242 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr J C Owen Director Company Registration No. 03548559
- 4 -
Whitehill Properties Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Whitehill Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 03548559. The registered office is 2 Meeting House Lane, Brighton, East Sussex, BN1 1HB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 May 2023
3,434,482 
At 30 April 2024
3,434,482 
Book cost of investment property £3,315,496
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 May 2023
200 
Valuation at 30 April 2024
200 
- 5 -
Whitehill Properties Limited Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
678 
Other debtors
107,907 
95,078 
107,907 
95,756 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
68,690 
68,690 
Taxes and social security
56,721 
52,273 
Other creditors
2,765 
2,765 
Loans from directors
2,532,009 
2,635,633 
Accruals
48,264 
43,484 
2,708,449 
2,802,845 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,898 
91,588 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
At 30 April 2024 the company owed its director £2,532,009 (2023 £2,635,636) and this is included in creditors.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -