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REGISTERED NUMBER: 10408167 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2024

for

The White & Pilkington Property Company
Limited

The White & Pilkington Property Company
Limited (Registered number: 10408167)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The White & Pilkington Property Company
Limited

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Mrs H M White
M L White





REGISTERED OFFICE: Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ





REGISTERED NUMBER: 10408167 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

The White & Pilkington Property Company
Limited (Registered number: 10408167)

Statement of Financial Position
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,350 3,134
Investment property 5 311,198 311,198
313,548 314,332

CURRENT ASSETS
Prepayments and accrued income 876 912
Cash at bank 44,533 36,125
45,409 37,037
CREDITORS
Amounts falling due within one year 6 2,704 1,903
NET CURRENT ASSETS 42,705 35,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,253

349,466

CREDITORS
Amounts falling due after more than one
year

7

320,808

320,671
NET ASSETS 35,445 28,795

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 35,443 28,793
SHAREHOLDERS' FUNDS 35,445 28,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 White & Pilkington Property Company
Limited (Registered number: 10408167)

Statement of Financial Position - continued
28 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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:




Mrs H M White - Director



M L White - Director


The White & Pilkington Property Company
Limited (Registered number: 10408167)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

The White & Pilkington Property Company Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 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.

Implications of covid-19 on our operations
Management has considered the consequences of COVID-19 and other events and conditions, and it has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

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

The White & Pilkington Property Company
Limited (Registered number: 10408167)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023
and 28 February 2024 1,449 2,935 4,384
DEPRECIATION
At 1 March 2023 1,117 133 1,250
Charge for year 83 701 784
At 28 February 2024 1,200 834 2,034
NET BOOK VALUE
At 28 February 2024 249 2,101 2,350
At 28 February 2023 332 2,802 3,134

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 28 February 2024 311,198
NET BOOK VALUE
At 28 February 2024 311,198
At 28 February 2023 311,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Taxation and social security 1,744 943
Other creditors 960 960
2,704 1,903

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Other creditors 320,808 320,671