IRIS Accounts Production v24.1.0.578 SC315692 director 1.2.23 31.1.24 31.1.24 0 0 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3156922023-01-31SC3156922024-01-31SC3156922023-02-012024-01-31SC3156922022-01-31SC3156922022-02-012023-01-31SC3156922023-01-31SC315692ns15:Scotland2023-02-012024-01-31SC315692ns14:PoundSterling2023-02-012024-01-31SC315692ns10:Director12023-02-012024-01-31SC315692ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC315692ns10:SmallEntities2023-02-012024-01-31SC315692ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC315692ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC315692ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC315692ns10:AbridgedAccounts2023-02-012024-01-31SC315692ns10:OrdinaryShareClass22023-02-012024-01-31SC315692ns10:CompanySecretary12023-02-012024-01-31SC315692ns10:RegisteredOffice2023-02-012024-01-31SC315692ns5:CurrentFinancialInstruments2024-01-31SC315692ns5:CurrentFinancialInstruments2023-01-31SC315692ns5:Non-currentFinancialInstruments2024-01-31SC315692ns5:Non-currentFinancialInstruments2023-01-31SC315692ns5:ShareCapital2024-01-31SC315692ns5:ShareCapital2023-01-31SC315692ns5:RetainedEarningsAccumulatedLosses2024-01-31SC315692ns5:RetainedEarningsAccumulatedLosses2023-01-31SC315692ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-31SC315692ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-31SC315692ns10:OrdinaryShareClass22024-01-31SC315692ns5:RetainedEarningsAccumulatedLosses2023-01-31SC315692ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: SC315692 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

WHITEHURST PROPERTIES LTD.

WHITEHURST PROPERTIES LTD. (REGISTERED NUMBER: SC315692)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


WHITEHURST PROPERTIES LTD.

Company Information
for the Year Ended 31 January 2024







DIRECTOR: D Donnelly





SECRETARY: Mrs M Donnelly





REGISTERED OFFICE: 13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS





REGISTERED NUMBER: SC315692 (Scotland)





ACCOUNTANTS: Profit Counts Limited
13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS

WHITEHURST PROPERTIES LTD. (REGISTERED NUMBER: SC315692)

Abridged Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 630,140 483,140

CURRENT ASSETS
Cash at bank 76,493 66,018

CREDITORS
Amounts falling due within one year (34,899 ) (38,654 )
NET CURRENT ASSETS 41,594 27,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,734

510,504

CREDITORS
Amounts falling due after more than one
year

5

(270,661

)

(270,642

)

PROVISIONS FOR LIABILITIES (17,521 ) (1,834 )
NET ASSETS 383,552 238,028

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 383,550 238,026
SHAREHOLDERS' FUNDS 383,552 238,028

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2024 and were signed by:





D Donnelly - Director


WHITEHURST PROPERTIES LTD. (REGISTERED NUMBER: SC315692)

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

1. STATUTORY INFORMATION

Whitehurst Properties Ltd. is a private company, limited by shares , registered in Scotland. 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 is represented by the rental income receivable from a portfolio of investment properties.

Investment property
Investment property is shown at fair value therefore no depreciation is charged. Any aggregate surplus or deficit arising from changes in fair value is transferred to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY

The assets included are used for the purpose of generating rental income.

True and fair value at 31 January 2024 is represented by:

The valuation at the year end Is £630,140 (2023: £483,140)

If the investment properties were included at cost the valuation at the year end would be £431,383.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans 270,661 270,642

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 270,661 270,642

A floating charge over the assets of the company has been granted to Northern Rock plc for all sums due or becoming due.

Standard securities have been granted over freehold property of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary 1p 2 2

WHITEHURST PROPERTIES LTD. (REGISTERED NUMBER: SC315692)

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

8. RESERVES
Retained
earnings
£   

At 1 February 2023 238,026
Profit for the year 145,524
At 31 January 2024 383,550

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, there was an interest-free loan from the director, D Donnelly, to the company of £26,788 (2023: £26,107). There are no fixed repayment terms for this loan.