REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
WHITEHURST PROPERTIES LTD. |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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. |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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: | £ | £ |
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 |
Profit for the year |
At 31 January 2024 |
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. |