IRIS Accounts Production v24.3.0.553 08821577 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model Ordinary shares 1.00000 Ordinary A shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088215772023-04-30088215772024-04-30088215772023-05-012024-04-30088215772022-04-30088215772022-05-012023-04-30088215772023-04-3008821577ns15:EnglandWales2023-05-012024-04-3008821577ns14:PoundSterling2023-05-012024-04-3008821577ns10:Director12023-05-012024-04-3008821577ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008821577ns10:SmallEntities2023-05-012024-04-3008821577ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008821577ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008821577ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008821577ns10:FullAccounts2023-05-012024-04-3008821577ns10:OrdinaryShareClass12023-05-012024-04-3008821577ns10:OrdinaryShareClass22023-05-012024-04-3008821577ns10:Director22023-05-012024-04-3008821577ns10:RegisteredOffice2023-05-012024-04-3008821577ns5:CurrentFinancialInstruments2024-04-3008821577ns5:CurrentFinancialInstruments2023-04-3008821577ns5:Non-currentFinancialInstruments2024-04-3008821577ns5:Non-currentFinancialInstruments2023-04-3008821577ns5:ShareCapital2024-04-3008821577ns5:ShareCapital2023-04-3008821577ns5:CapitalRedemptionReserve2024-04-3008821577ns5:CapitalRedemptionReserve2023-04-3008821577ns5:RetainedEarningsAccumulatedLosses2024-04-3008821577ns5:RetainedEarningsAccumulatedLosses2023-04-3008821577ns5:PlantMachinery2023-05-012024-04-3008821577ns5:PlantMachinery2023-04-3008821577ns5:PlantMachinery2024-04-3008821577ns5:PlantMachinery2023-04-3008821577ns5:CostValuation2023-04-3008821577ns5:AdditionsToInvestments2024-04-3008821577ns5:CostValuation2024-04-3008821577ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3008821577ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008821577ns5:CurrentFinancialInstruments2023-05-012024-04-3008821577ns5:Non-currentFinancialInstruments2023-05-012024-04-3008821577ns10:OrdinaryShareClass12024-04-3008821577ns10:OrdinaryShareClass22024-04-30
REGISTERED NUMBER: 08821577 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

WHITEBOX CREATIVE LIMITED

WHITEBOX CREATIVE LIMITED (REGISTERED NUMBER: 08821577)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITEBOX CREATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: R C Gann
Mrs E R M Gann





REGISTERED OFFICE: 25 St Thomas Steet
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 08821577 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

WHITEBOX CREATIVE LIMITED (REGISTERED NUMBER: 08821577)

BALANCE SHEET
30TH APRIL 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 295 639
Investments 5 13,785 11,284
Investment property 6 1,130,917 1,049,191
1,144,997 1,061,114

CURRENT ASSETS
Debtors 7 297,154 239,756
Cash at bank 168,051 232,674
465,205 472,430
CREDITORS
Amounts falling due within one year 8 388,807 385,359
NET CURRENT ASSETS 76,398 87,071
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,221,395

1,148,185

CREDITORS
Amounts falling due after more than one
year

9

683,666

714,399
NET ASSETS 537,729 433,786

CAPITAL AND RESERVES
Called up share capital 10 100 100
Capital redemption reserve 50 50
Retained earnings 537,579 433,636
SHAREHOLDERS' FUNDS 537,729 433,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

WHITEBOX CREATIVE LIMITED (REGISTERED NUMBER: 08821577)

BALANCE SHEET - continued
30TH APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd January 2025 and were signed on its behalf by:





Mrs E R M Gann - Director


WHITEBOX CREATIVE LIMITED (REGISTERED NUMBER: 08821577)

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


1. STATUTORY INFORMATION

Whitebox Creative 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 represents rent receivable net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25.00% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Other investments
Other investments recognised at the year end is art investments.

3. EMPLOYEES AND DIRECTORS

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

WHITEBOX CREATIVE LIMITED (REGISTERED NUMBER: 08821577)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 1,377
DEPRECIATION
At 1st May 2023 738
Charge for year 344
At 30th April 2024 1,082
NET BOOK VALUE
At 30th April 2024 295
At 30th April 2023 639

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1st May 2023 50 11,234 11,284
Additions - 2,501 2,501
At 30th April 2024 50 13,735 13,785
NET BOOK VALUE
At 30th April 2024 50 13,735 13,785
At 30th April 2023 50 11,234 11,284

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 1,049,191
Additions 81,726
At 30th April 2024 1,130,917
NET BOOK VALUE
At 30th April 2024 1,130,917
At 30th April 2023 1,049,191

WHITEBOX CREATIVE LIMITED (REGISTERED NUMBER: 08821577)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 297,154 239,756

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 105,167 105,167
Trade creditors - 213
Amounts owed to group undertakings 267,930 258,454
Taxation and social security 5,478 18,874
Other creditors 10,232 2,651
388,807 385,359

Bank loans are secured against the assets to which they relate.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans 636,666 667,399
Other creditors 47,000 47,000
683,666 714,399

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 241,000 260,900

Bank loans are secured against the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
50 Ordinary shares 1 50 100
50 Ordinary A shares 1 50 -
100 100