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Registered Number: 14684767
England and Wales

 

 

 

WHYTE PROPERTIES INVESTMENT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 23 February 2023

End date: 29 February 2024
Directors Mrs D L Whyte
Mr C L Whyte
Registered Number 14684767
Registered Office 12 Tansley Lane
Hornsea
HU18 1TS
Accountants LH Accountants Ltd
5 King Street
Hornsea
HU18 1RD
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 4 150,788 
150,788 
Current assets    
Debtors 5 1,551 
Cash at bank and in hand 2,117 
3,668 
Creditors: amount falling due within one year 6 (155,355)
Net current assets (151,687)
 
Total assets less current liabilities (899)
Creditors: amount falling due after more than one year 7 (2,853)
Net assets (3,752)
 

Capital and reserves
   
Called up share capital 2 
Profit and loss account (3,754)
Shareholders' funds (3,752)
 


For the period ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 20 November 2024 and were signed on its behalf by:


-------------------------------
Mr C L Whyte
Director
-------------------------------
Mrs D L Whyte
Director
2
  Equity share capital   Revaluation reserve   Capital redemption reserve   Retained Earnings   Total
£ £ £ £ £
At 23 February 2023
Profit for the period (3,754) (3,754)
Total comprehensive income for the period (3,754) (3,754)
Shares issued 2 
Total investments by and distributions to owners 2 
At 29 February 2024 2  (3,754) (3,752)
3
General Information
Whyte Properties Investment Ltd is a private company, limited by shares, registered in England and Wales, registration number 14684767, registration address 12 Tansley Lane, Hornsea, HU18 1TS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings 0%
Plant and machinery etc 15%
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Hire purchase contracts

The hire purchase contracts are secured on the assets concerned.  The amounts outstanding under hire purchase contracts are shown within Creditors: amounts falling due within one year and Creditors: amounts falling due after one year.

4.

Tangible fixed assets

Cost or valuation Land and buildings   Plant and machinery etc   Total
  £   £   £
At 23 February 2023    
Additions 130,456    20,853    151,309 
Disposals    
At 29 February 2024 130,456    20,853    151,309 
Depreciation
At 23 February 2023    
Charge for period   521    521 
On disposals    
At 29 February 2024   521    521 
Net book values
Closing balance as at 29 February 2024 130,456    20,332    150,788 
Opening balance as at 23 February 2023    


5.

Debtors: amounts falling due within one year

2024
£
Trade Debtors 1,373 
Other Debtors 178 
1,551 

6.

Creditors: amount falling due within one year

2024
£
Obligations under HP/Financial Leases 1,902 
Other Creditors 153,453 
155,355 

7.

Creditors: amount falling due after more than one year

2024
£
Obligations under HP/Financial Leases 2,853 
2,853 

8.

Related party transactions

Included in other creditors is £149,303 owed to the directors of the company.
4