Registered number
01355003
P.B. White (Investments) Ltd
Accounts
For the Year ended
31 March 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
P.B. White (Investments) Ltd
Registered number: 01355003
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 745,340 736,240
Current assets
Debtors 4 1,499 1,183
Cash at bank and in hand 177,159 161,528
178,658 162,711
Creditors: amounts falling due within one year 5 (19,656) (21,702)
Net current assets 159,002 141,009
Total assets less current liabilities 904,342 877,249
Creditors: amounts falling due after more than one year 6 (6,921) (25,334)
Provisions for liabilities (42,667) (40,938)
Net assets 854,754 810,977
Capital and reserves
Called up share capital 1,000 1,000
Non-distributable revenue reserve 7 400,085 392,714
Profit and loss account 453,669 417,263
Shareholder's funds 854,754 810,977
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S T White
Director
Approved by the board on 4 December 2024
P.B. White (Investments) Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors based on information from external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investment properties
Other
investments
£
Cost
At 1 April 2023 736,240
Revaluation 9,100
At 31 March 2024 745,340
4 Debtors 2024 2023
£ £
Other debtors 1,499 1,183
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 8,774 9,487
Other creditors 10,882 12,215
19,656 21,702
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 6,921 25,334
7 Non-distributable revenue reserve 2024 2023
£ £
At 1 April 2023 392,714 291,745
Gain on revaluation of land and buildings 9,100 118,240
Deferred taxation arising on the revaluation of land and buildings (1,729) (17,271)
At 31 March 2024 400,085 392,714
8 Related party transactions
Included in creditors due after one year is an amount of £6,921 (2023: £25,334) which is due to the director.
9 Other information
P.B. White (Investments) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Aynsford
30 Bratton Road, West Ashton
Trowbridge
Wiltshire
BA14 6AZ
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