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REGISTERED NUMBER: 12156860 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

WHITEHART GROUP LTD

WHITEHART GROUP LTD (REGISTERED NUMBER: 12156860)

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 3


WHITEHART GROUP LTD

COMPANY INFORMATION
for the year ended 31 January 2024







DIRECTORS: D P White
Mrs S E White
Mrs S Jansen van Rensburg
Mrs B L Hilton





REGISTERED OFFICE: 4 Prospect Street
Bridlington
East Yorkshire
YO15 2AJ





REGISTERED NUMBER: 12156860 (England and Wales)

WHITEHART GROUP LTD (REGISTERED NUMBER: 12156860)

STATEMENT OF FINANCIAL POSITION
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200 200
Investment property 5 657,000 301,583
657,200 301,783

CREDITORS
Amounts falling due within one year 6 266,600 78,121
NET CURRENT LIABILITIES (266,600 ) (78,121 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,600

223,662

CREDITORS
Amounts falling due after more than one year 7 (185,705 ) (199,104 )

PROVISIONS FOR LIABILITIES (45,219 ) -
NET ASSETS 159,676 24,558

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 159,476 24,358
159,676 24,558

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 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.

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 31 October 2024 and were signed on its behalf by:





D P White - Director


WHITEHART GROUP LTD (REGISTERED NUMBER: 12156860)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2024


1. STATUTORY INFORMATION

Whitehart Group 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.

Revenue
Revenue represents amounts receivable for rents, net of value added tax where applicable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property
Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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.

Going concern
The accounts have been prepared on a going concern basis on the strength of confirmation from the directors that they will continue to provide financial support by not seeking repayment of loan accounts due until other creditors have been paid in full.

WHITEHART GROUP LTD (REGISTERED NUMBER: 12156860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 200
NET BOOK VALUE
At 31 January 2024 200
At 31 January 2023 200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 301,583
Additions 168,102
Revaluations 187,315
At 31 January 2024 657,000
NET BOOK VALUE
At 31 January 2024 657,000
At 31 January 2023 301,583

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 657,000

Investment property was valued on an open market basis on 31 January 2024 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,399 12,864
Amounts owed to group undertakings 125,883 59,164
Taxation and social security 616 1,840
Other creditors 126,702 4,253
266,600 78,121

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 185,705 199,104

WHITEHART GROUP LTD (REGISTERED NUMBER: 12156860)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 126,302 142,072

8. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 125,000

9. SECURED DEBTS

Bank loans outstanding at the date of these financial statements totalling £199,104 (2023 - £211,968) are secured by a charge over the investment properties held by the company.

10. RELATED PARTY DISCLOSURES

2024 2023
£ £
Interest-free loan owing from/(to) group undertakings (125,883 ) (50,094 )