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REGISTERED NUMBER: 13449282 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Whitsun Management Ltd

Whitsun Management Ltd (Registered number: 13449282)






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


Whitsun Management Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: K L White





REGISTERED OFFICE: c/o Ency Associates
Printware Court
Cumberland Business Centre
Portsmouth
Hampshire
PO5 1DS





REGISTERED NUMBER: 13449282 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Whitsun Management Ltd (Registered number: 13449282)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 519,480 519,480

CURRENT ASSETS
Debtors 5 3,990 -
Cash at bank 17,442 5,915
21,432 5,915
CREDITORS
Amounts falling due within one year 6 216,378 214,095
NET CURRENT LIABILITIES (194,946 ) (208,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

324,534

311,300

CREDITORS
Amounts falling due after more than
one year

7

321,300

321,300
NET ASSETS/(LIABILITIES) 3,234 (10,000 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,134 (10,100 )
SHAREHOLDERS' FUNDS 3,234 (10,000 )

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.

Whitsun Management Ltd (Registered number: 13449282)

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 13 January 2025 and were signed by:





K L White - Director


Whitsun Management Ltd (Registered number: 13449282)

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

1. STATUTORY INFORMATION

Whitsun Management 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 represents amounts receivable in respect of rental income from the investment properties owned, net of VAT where applicable.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Whitsun Management Ltd (Registered number: 13449282)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 519,480
NET BOOK VALUE
At 30 June 2024 519,480
At 30 June 2023 519,480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 3,990 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 735 -
Other creditors 215,643 214,095
216,378 214,095

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 321,300 321,300

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 321,300 321,300

Whitsun Management Ltd (Registered number: 13449282)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 321,300 321,300

Allica Bank Limited created a charge on 9 December 2022 over the following properties:

- the freehold known as 45 Stoke Road, Gosport, PO12 1LS, title number HP189816, and;
- the leasehold property known as 1 Whitsun Court, Jamaica Place, Gosport; and;
- the leasehold property known as 12 Whitsun Court, Jamaica Place, Gosport; and;
- the leasehold property known as 14 Whitsun Court, Jamaica Place, Gosport.

9. ULTIMATE CONTROLLING PARTY

The controlling party is K L White.