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REGISTERED NUMBER: 05911224 (England and Wales)










Financial Statements

for the Year Ended 28 March 2024

for

Whitemark Estates Limited

Whitemark Estates Limited (Registered number: 05911224)






Contents of the Financial Statements
for the Year Ended 28 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitemark Estates Limited

Company Information
for the Year Ended 28 March 2024







DIRECTOR: N Joyner





SECRETARY: Mrs J R Joyner





REGISTERED OFFICE: 46 Coatham Road
Redcar
United Kingdom
TS10 1RS





REGISTERED NUMBER: 05911224 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Whitemark Estates Limited (Registered number: 05911224)

Balance Sheet
28 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,500,000 1,400,000

CURRENT ASSETS
Debtors 5 604,951 505,175
Cash at bank 8,247 46,468
613,198 551,643
CREDITORS
Amounts falling due within one year 6 (636,889 ) (640,809 )
NET CURRENT LIABILITIES (23,691 ) (89,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,476,309

1,310,834

RESERVES
Share premium 8 2 2
Revaluation reserve 8 1,015,109 1,015,109
Retained earnings 8 461,198 295,723
1,476,309 1,310,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 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.

Whitemark Estates Limited (Registered number: 05911224)

Balance Sheet - continued
28 March 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 director and authorised for issue on 24 March 2025 and were signed by:





N Joyner - Director


Whitemark Estates Limited (Registered number: 05911224)

Notes to the Financial Statements
for the Year Ended 28 March 2024

1. STATUTORY INFORMATION

Whitemark Estates 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

Whitemark Estates Limited (Registered number: 05911224)

Notes to the Financial Statements - continued
for the Year Ended 28 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 March 2023 1,400,000
Revaluations 100,000
At 28 March 2024 1,500,000
NET BOOK VALUE
At 28 March 2024 1,500,000
At 28 March 2023 1,400,000

Fair value at 28 March 2024 is represented by:
£   
Valuation in 2020 225,000
Valuation in 2022 200,000
Valuation in 2024 100,000
Cost 975,000
1,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 604,951 505,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 593,225 593,177
Trade creditors 1,583 -
Corporation tax 11,857 22,298
Other creditors 25,000 22,560
Directors' current accounts 3,647 -
Accrued expenses 1,577 2,774
636,889 640,809

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 593,225 593,177

Whitemark Estates Limited (Registered number: 05911224)

Notes to the Financial Statements - continued
for the Year Ended 28 March 2024

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

At 29 March 2023 295,723 2 1,015,109 1,310,834
Profit for the year 165,475 165,475
At 28 March 2024 461,198 2 1,015,109 1,476,309