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REGISTERED NUMBER: 02101575 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ALLAN WHITE TRADING LIMITED

ALLAN WHITE TRADING LIMITED (REGISTERED NUMBER: 02101575)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALLAN WHITE TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A K White
A J K White





REGISTERED OFFICE: 2nd Floor
Medway Bridge House
1 - 8 Fairmeadow
Maidstone
Kent
ME14 1JP





REGISTERED NUMBER: 02101575 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

ALLAN WHITE TRADING LIMITED (REGISTERED NUMBER: 02101575)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,603 181,136
Investment property 5 9,329,834 9,415,362
9,460,437 9,596,498

CURRENT ASSETS
Debtors 6 297,906 433,002
Cash at bank 1,207,175 936,050
1,505,081 1,369,052
CREDITORS
Amounts falling due within one year 7 300,640 261,047
NET CURRENT ASSETS 1,204,441 1,108,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,664,878

10,704,503

PROVISIONS FOR LIABILITIES 8 1,370,707 1,492,868
NET ASSETS 9,294,171 9,211,635

CAPITAL AND RESERVES
Called up share capital 9 25,000 25,000
Share premium 10 313,121 313,121
Revaluation reserve 10 3,637,141 4,057,669
Retained earnings 10 5,318,909 4,815,845
SHAREHOLDERS' FUNDS 9,294,171 9,211,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 8 January 2025 and were signed on its behalf by:





A K White - Director


ALLAN WHITE TRADING LIMITED (REGISTERED NUMBER: 02101575)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Allan White Trading 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 as modified by the revaluation of certain assets.

Going concern
Accounting standards require the directors to consider the appropriateness of the going concern basis when preparing the financial statements. The directors confirm that they consider that the going concern basis remains appropriate. The directors believe that the company has sufficient resources to continue in operational existence for the foreseeable future. The directors believe this to be the case as the company has positive cash balances and reserves and no significant long term liabilities.

Having regard to the above, the directors believe it is appropriate to adopt the going concern basis of accounting in preparing the financial statements.

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

Income is recognised in the accounting period in which the company obtains the right to consideration in exchange for it's services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 25% on cost and 10% on cost

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

FRS102 - Reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A;
- the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.29;
- the requirements of Section 26 Share-based Payment paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
- the requirements of Section 33 Related Party Disclosures paragraph 33.7.

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.


ALLAN WHITE TRADING LIMITED (REGISTERED NUMBER: 02101575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 May 2023 24,611 342,444 367,055
Additions 23,288 - 23,288
Disposals - (51,854 ) (51,854 )
At 30 April 2024 47,899 290,590 338,489
DEPRECIATION
At 1 May 2023 12,327 173,592 185,919
Charge for year 4,402 33,387 37,789
Eliminated on disposal - (15,822 ) (15,822 )
At 30 April 2024 16,729 191,157 207,886
NET BOOK VALUE
At 30 April 2024 31,170 99,433 130,603
At 30 April 2023 12,284 168,852 181,136

ALLAN WHITE TRADING LIMITED (REGISTERED NUMBER: 02101575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 9,415,362
Additions 335,000
Revaluations (420,528 )
At 30 April 2024 9,329,834
NET BOOK VALUE
At 30 April 2024 9,329,834
At 30 April 2023 9,415,362

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2014 2,503,481
Valuation in 2017 2,915,528
Valuation in 2020 875,000
Valuation in 2024 (420,528 )
Cost 3,456,353
9,329,834

Investment property comprises land and buildings. An independent valuation has not been carried out in the current or previous year but the fair value of the investment properties has been determined by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 360
Other debtors - 303,750
Directors' loan accounts 213,111 102,574
Prepayments and accrued income 84,795 26,318
297,906 433,002

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 785 43,989
Corporation tax 164,683 92,139
Social security and other taxes 502 584
VAT 19,987 8,581
Other creditors 108,083 110,441
Accruals and deferred income 6,600 5,313
300,640 261,047

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,370,707 1,492,868

ALLAN WHITE TRADING LIMITED (REGISTERED NUMBER: 02101575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 1,492,868
Credit to Income Statement during year (122,161 )
Balance at 30 April 2024 1,370,707

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,000 Ordinary £1.00 25,000 25,000

10. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 May 2023 4,815,845 313,121 4,057,669 9,186,635
Profit for the year 82,536 82,536
Transfer to reval. reserve 420,528 - (420,528 ) -
At 30 April 2024 5,318,909 313,121 3,637,141 9,269,171

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
A J K White
Balance outstanding at start of year - 10,000
Amounts advanced 1,931 -
Amounts repaid - (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,931 -

A K White
Balance outstanding at start of year 102,574 -
Amounts advanced 556,768 102,574
Amounts repaid (448,162 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 211,180 102,574

ALLAN WHITE TRADING LIMITED (REGISTERED NUMBER: 02101575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


12. RELATED PARTY DISCLOSURES

Allan White Motors Limited

A company under common control


During the year, the company made sales of £400 (2023: £6,300) to Allan White Motors Limited. At the balance sheet date £nil (2023: £360) was owed from Allan White Motors Limited.

During the year, the company made purchases of £343 (2023: £40,580) from Allan White Motors Limited. At the balance sheet date £nil (2023: £43,320) was owed to Allan White Motors Limited.

At the balance sheet date, £nil (2023: £225,000) was owed to the company from Allan White Motors Limited by way of intercompany loans. During the year, the company earned interest of £3,366 (2023: £15,682) from Allan White Motors Limited in relation to loans outstanding.

A J K White and A K White are also directors of Allan White Motors Limited.

Wellbeloved Investments Limited

A company under common control


At the balance sheet date, £nil (2023: £78,750) was owed from Wellbeloved Investments Limited. Wellbeloved Investments Limited is under the control of the director, A J K White.

A K White
Director


At the balance sheet date, the company was owed £211,180 (2023: £102,574) from A K White, a director of the company. Beneficiary loan interest has been charged on the loan at 2.25%.

During the year the company made purchases of £2,322 (2023: £2,309) from Allan White Properties, an unincorporated business run by A K White. At the balance sheet date, £nil (2023: £nil) was owed to Allan White Properties.

During the year the company made sales of £8,038 (2023: £16,041) to Allan White Properties. At the balance sheet date, £nil (2023: £nil) was owed to the company.

At the balance sheet date, £4,705 (2023: £4,705) was owed from the company to BH Falcon Investments Ltd by way of intercompany loans.

Wellbeloved Trading Limited

A company under common control


At the balance sheet date, £102,500 (2023: £102,500) was owed to Wellbeloved Trading Limited. Wellbeloved Trading Limited is under the control of the director, A K White.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A K White.