Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false02023-07-01No description of principal activityfalse0falsetrue 14200839 2023-07-01 2024-06-30 14200839 2022-06-28 2023-06-30 14200839 2024-06-30 14200839 2023-06-30 14200839 c:Director2 2023-07-01 2024-06-30 14200839 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 14200839 d:FreeholdInvestmentProperty 2024-06-30 14200839 d:FreeholdInvestmentProperty 2023-06-30 14200839 d:CurrentFinancialInstruments 2024-06-30 14200839 d:CurrentFinancialInstruments 2023-06-30 14200839 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14200839 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 14200839 d:ShareCapital 2024-06-30 14200839 d:ShareCapital 2023-06-30 14200839 d:RetainedEarningsAccumulatedLosses 2024-06-30 14200839 d:RetainedEarningsAccumulatedLosses 2023-06-30 14200839 c:FRS102 2023-07-01 2024-06-30 14200839 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 14200839 c:FullAccounts 2023-07-01 2024-06-30 14200839 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14200839 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 14200839










WHITELIFE PROPERTIES LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 June 2024

 
WHITELIFE PROPERTIES LTD
Registered number: 14200839

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
318,125
316,057

  
318,125
316,057

Current assets
  

Debtors: amounts falling due within one year
 5 
1,500
-

Cash at bank and in hand
 6 
6,138
606

  
7,638
606

Creditors: amounts falling due within one year
 7 
(378,082)
(338,010)

Net current liabilities
  
 
 
(370,444)
 
 
(337,404)

Total assets less current liabilities
  
(52,319)
(21,347)

  

Net liabilities
  
(52,319)
(21,347)


Capital and reserves
  

Called up share capital 
  
5
5

Profit and loss account
  
(52,324)
(21,352)

  
(52,319)
(21,347)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 March 2025.



Page 1

 
WHITELIFE PROPERTIES LTD
Registered number: 14200839
    
Balance sheet (continued)
As at 30 June 2024


A E Wider
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
WHITELIFE PROPERTIES LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

1.


General information

Whitelife Properties Ltd is a private company limited by shares and registered in England and Wales.
The registered address is at Unit 9 Ravensdale Industrial Estate, Timberwharf Road, London, N16 6DB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2023 - 0).

Page 3

 
WHITELIFE PROPERTIES LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
316,057


Additions at cost
2,068



At 30 June 2024
318,125

The 2024 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
318,125
316,057

318,125
316,057


5.


Debtors

2024
2023
£
£


Other debtors
1,500
-

1,500
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,138
606

6,138
606


Page 4

 
WHITELIFE PROPERTIES LTD
 
 
 
Notes to the financial statements
For the Year Ended 30 June 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
188,800
188,800

Other creditors
188,562
148,490

Accruals and deferred income
720
720

378,082
338,010


The following liabilities were secured:

2024
2023
£
£



Bank loans
188,800
188,800

188,800
188,800

Details of security provided:

Bank loans are secured by way of a fixed charge over the company's properties.

 
Page 5