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REGISTERED NUMBER: 09649791 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Whiteacres Property Ltd

Whiteacres Property Ltd (Registered number: 09649791)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whiteacres Property Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J L Wolstencroft





REGISTERED OFFICE: Church House 10 Church Street
Padiham
Burnley
BB12 8HG





REGISTERED NUMBER: 09649791 (England and Wales)





ACCOUNTANTS: Flourish Finance Limited
A6, Arundel House
Ackhurst Business Park
Foxhole Road
Chorley
Lancashire
PR7 1NY

Whiteacres Property Ltd (Registered number: 09649791)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,542 27,876
Investment property 5 244,397 70,765
270,939 98,641

CURRENT ASSETS
Debtors 6 67,397 74,770
Cash in hand 152,889 305,428
220,286 380,198
CREDITORS
Amounts falling due within one year 7 106,782 114,309
NET CURRENT ASSETS 113,504 265,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,443

364,530

PROVISIONS FOR LIABILITIES 6,088 6,586
NET ASSETS 378,355 357,944

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 378,255 357,844
378,355 357,944

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Whiteacres Property Ltd (Registered number: 09649791)

Balance Sheet - continued
30 June 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 director and authorised for issue on 29 January 2025 and were signed by:





J L Wolstencroft - Director


Whiteacres Property Ltd (Registered number: 09649791)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Whiteacres Property Ltd 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements - 20% straight line
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 balance sheet date.


Whiteacres Property Ltd (Registered number: 09649791)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 18,075 19,564 37,639
Additions - 4,983 4,983
At 30 June 2024 18,075 24,547 42,622
DEPRECIATION
At 1 July 2023 757 9,006 9,763
Charge for year 3,460 2,857 6,317
At 30 June 2024 4,217 11,863 16,080
NET BOOK VALUE
At 30 June 2024 13,858 12,684 26,542
At 30 June 2023 17,318 10,558 27,876

Whiteacres Property Ltd (Registered number: 09649791)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 70,765
Additions 244,397
Disposals (70,765 )
At 30 June 2024 244,397
NET BOOK VALUE
At 30 June 2024 244,397
At 30 June 2023 70,765

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 19,854 27,227
Other debtors 47,543 47,543
67,397 74,770

Included within other debtors is an amount due from a connected company under the directors control of £47,543 (2023 - £47,543).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 13,010 6,795
Taxation and social security 23,340 51,780
Other creditors 70,432 55,734
106,782 114,309