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Company No: 06651635 (England and Wales)

WHITE OAK PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

WHITE OAK PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

WHITE OAK PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
WHITE OAK PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTORS A J F Buxton
M D M Buxton
SECRETARY M D M Buxton
REGISTERED OFFICE Hill House Brinkley Road
Carlton
Newmarket
CB8 9JY
United Kingdom
COMPANY NUMBER 06651635 (England and Wales)
CHARTERED ACCOUNTANTS Peters Elworthy & Moore
Salisbury House
Station Road
Cambridge
CB1 2LA
WHITE OAK PROPERTIES LIMITED

BALANCE SHEET

As at 31 July 2024
WHITE OAK PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 70 208
Investments 4 100 0
170 208
Current assets
Debtors 5 978,445 1,134,298
Cash at bank and in hand 127,946 32,971
1,106,391 1,167,269
Creditors: amounts falling due within one year 6 ( 33,637) ( 70,965)
Net current assets 1,072,754 1,096,304
Total assets less current liabilities 1,072,924 1,096,512
Net assets 1,072,924 1,096,512
Capital and reserves
Called-up share capital 7 10 10
Profit and loss account 1,072,914 1,096,502
Total shareholders' funds 1,072,924 1,096,512

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of White Oak Properties Limited (registered number: 06651635) were approved and authorised for issue by the Board of Directors on 03 March 2025. They were signed on its behalf by:

A J F Buxton
Director
WHITE OAK PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
WHITE OAK PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

White Oak Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hill House Brinkley Road, Carlton, Newmarket, CB8 9JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises revenue recognised by the Company in respect of property consultancy services supplied during the year, exclusive of Value Added Tax.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax
Deferred tax balances are recognised in respect of all timing difference that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that is it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted of substantively enacted by the balance sheet date.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:

Computer equipment 3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Fixed asset investments

Investments in subsidiaries are measured at cost less impairment.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 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 amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
The average monthly number of paid employees, including directors, during the year was 1 1

3. Tangible assets

Computer equipment Total
£ £
Cost
At 01 August 2023 415 415
At 31 July 2024 415 415
Accumulated depreciation
At 01 August 2023 207 207
Charge for the financial year 138 138
At 31 July 2024 345 345
Net book value
At 31 July 2024 70 70
At 31 July 2023 208 208

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 August 2023 0
Additions 100
At 31 July 2024 100
Carrying value at 31 July 2024 100
Carrying value at 31 July 2023 0

5. Debtors

2024 2023
£ £
Trade debtors 104 104
Other debtors 978,341 1,134,194
978,445 1,134,298

Included within other debtors is a loan due to the directors, amounting to £288,579 (2023 - £480,181). The loan is interest free and repayable on demand.

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 29,442 66,375
Other creditors 4,195 4,590
33,637 70,965

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
5 Ordinary shares of £ 1.00 each 5 5
5 Ordinary A shares of £ 1.00 each 5 5
10 10