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REGISTERED NUMBER: 05716257 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WHITE STILETTO INVESTMENTS LTD

WHITE STILETTO INVESTMENTS LTD (REGISTERED NUMBER: 05716257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE STILETTO INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mrs C E Hargreaves





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 32 Eastern Avenue
Southend on Sea
Essex
SS2 5NF





REGISTERED NUMBER: 05716257 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

WHITE STILETTO INVESTMENTS LTD (REGISTERED NUMBER: 05716257)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,757 10,757
Investment property 5 2,505,000 2,348,500
2,515,757 2,359,257

CURRENT ASSETS
Debtors 6 12,331 4,169
Cash at bank 17,215 51,009
29,546 55,178
CREDITORS
Amounts falling due within one year 7 7,807 12,503
NET CURRENT ASSETS 21,739 42,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,537,496

2,401,932

CREDITORS
Amounts falling due after more than one year 8 (1,261,974 ) (1,282,858 )

PROVISIONS FOR LIABILITIES (211,035 ) (171,910 )
NET ASSETS 1,064,487 947,164

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 935,946 818,571
Retained earnings 128,441 128,493
SHAREHOLDERS' FUNDS 1,064,487 947,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WHITE STILETTO INVESTMENTS LTD (REGISTERED NUMBER: 05716257)

BALANCE SHEET - continued
29 FEBRUARY 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 14 November 2024 and were signed by:





Mrs C E Hargreaves - Director


WHITE STILETTO INVESTMENTS LTD (REGISTERED NUMBER: 05716257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

White Stiletto Investments 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 rents receivable.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

WHITE STILETTO INVESTMENTS LTD (REGISTERED NUMBER: 05716257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 29 February 2024 10,757
NET BOOK VALUE
At 29 February 2024 10,757
At 28 February 2023 10,757

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 2,348,500
Revaluations 156,500
At 29 February 2024 2,505,000
NET BOOK VALUE
At 29 February 2024 2,505,000
At 28 February 2023 2,348,500

The company's investment properties were revalued to open market value at the period end by the company's director using her best judgement.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 904 1,831
Other debtors 11,427 2,338
12,331 4,169

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 4,344 7,469
Taxation and social security - 1,317
Other creditors 3,463 3,717
7,807 12,503

WHITE STILETTO INVESTMENTS LTD (REGISTERED NUMBER: 05716257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 717,318 728,160
Other creditors 544,656 554,698
1,261,974 1,282,858

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-instalments 717,318 728,160

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 717,318 728,160

The mortgages are secured by legal charges on the respective properties and a company all asset debenture.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Fair
value
reserve
£   
At 1 March 2023 818,571
Fair value gains 117,375

At 29 February 2024 935,946