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REGISTERED NUMBER: 10178448 (England and Wales)



















WHITEROCK CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






WHITEROCK CAPITAL LIMITED (REGISTERED NUMBER: 10178448)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

WHITEROCK CAPITAL LIMITED (REGISTERED NUMBER: 10178448)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,526,600 1,526,600

CURRENT ASSETS
Debtors 5 36,080 7,212
Cash at bank 11,383 47,478
47,463 54,690
CREDITORS
Amounts falling due within one year 6 98,026 91,832
NET CURRENT LIABILITIES (50,563 ) (37,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,476,037

1,489,458

CREDITORS
Amounts falling due after more than one
year

7

1,521,214

1,543,962
NET LIABILITIES (45,177 ) (54,504 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (45,277 ) (54,604 )
(45,177 ) (54,504 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

WHITEROCK CAPITAL LIMITED (REGISTERED NUMBER: 10178448)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2025 and were signed by:





M S Basra - Director


WHITEROCK CAPITAL LIMITED (REGISTERED NUMBER: 10178448)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Whiterock Capital Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10178448

Registered office: 10 Station Road
Letchworth Garden City
Herts
SG6 3AU

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover represents rent receivable, excluding value added tax.

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.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


WHITEROCK CAPITAL LIMITED (REGISTERED NUMBER: 10178448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern
The directors are of the opinion it is appropriate to prepare accounts on a going concern basis, because they have confirmed it will continue to support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,526,600
NET BOOK VALUE
At 31 May 2024 1,526,600
At 31 May 2023 1,526,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,080 7,212
Other debtors 35,000 -
36,080 7,212

WHITEROCK CAPITAL LIMITED (REGISTERED NUMBER: 10178448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,479 1,409
Taxation and social security 7,547 9,997
Other creditors 80,000 80,426
98,026 91,832

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 734,792 735,665
Amounts owed to group undertakings 231,000 255,000
Other creditors 555,422 553,297
1,521,214 1,543,962

Bank loan due in more than 5 years amount to £ 734,792 (2023: £735,665).

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 734,792 735,665

9. RELATED PARTY DISCLOSURES

Oakmont Estates Limited
A company Mr M S Basra is a director and shareholder

Amounts due to the related party at the balance sheet date is £100,000 (2023: £100,000).

This loan is unsecured, and there is no interest payable and there are no agreed repayment terms.

Abinaas Basra
A close family member of the director

Amounts due to the related party at the balance sheet date is £274,675 (2023: £274,675).

Interest has been charged on this loan at 10% per annum totalling £30,000 for the year (2023: £30,000).

WHITEROCK CAPITAL LIMITED (REGISTERED NUMBER: 10178448)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. ULTIMATE CONTROLLING PARTY

Parent & Ultimate Parent Company
Basra Group Limited is regarded by the director as being the immediate and ultimate parent company.

Ultimate Controlling Party
Mr M S Basra controls the parent company and is therefore the ultimate controlling company.

Basra Group Limited prepares financial statements and they can be obtained from the following address:

10 Station Road
Letchworth Garden City
Herts
SG6 3AU

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WHITEROCK CAPITAL LIMITED (REGISTERED NUMBER: 10178448)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whiterock Capital Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Whiterock Capital Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Whiterock Capital Limited and state those matters that we have agreed to state to the director of Whiterock Capital Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Whiterock Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whiterock Capital Limited. You consider that Whiterock Capital Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Whiterock Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


22 March 2025