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REGISTERED NUMBER: 07391717 (England and Wales)















Audited Financial Statements for the Year Ended 31st March 2024

for

White Leaf Care Properties Limited

White Leaf Care Properties Limited (Registered number: 07391717)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


White Leaf Care Properties Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: E Bland
W R Whymark



REGISTERED OFFICE: Unit1, Lancaster Court
Coronation Road
Cressex Business Park
High Wycombe
Buckinghamshire
HP12 3TD



REGISTERED NUMBER: 07391717 (England and Wales)



SENIOR STATUTORY AUDITOR: S, Paramaguru (FCCA)



INDEPENDENT AUDITORS: Param & Company Limited
1st Floor
44-50 The Broadway
Southall
Middlesex
UB1 1QB

White Leaf Care Properties Limited (Registered number: 07391717)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 597
Investments 5 102 103
Investment property 6 5,195,542 5,015,542
5,195,644 5,016,242

CURRENT ASSETS
Debtors 7 1,269,095 1,303,335
Cash at bank 14,685 16,574
1,283,780 1,319,909
CREDITORS
Amounts falling due within one year 8 1,686,889 4,072,597
NET CURRENT LIABILITIES (403,109 ) (2,752,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,792,535

2,263,554

CREDITORS
Amounts falling due after more than one
year

9

(2,286,140

)

-

PROVISIONS FOR LIABILITIES (200,000 ) (155,149 )
NET ASSETS 2,306,395 2,108,405

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 600,000 465,000
Retained earnings 1,706,394 1,643,404
SHAREHOLDERS' FUNDS 2,306,395 2,108,405

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:





E Bland - Director


White Leaf Care Properties Limited (Registered number: 07391717)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

White Leaf Care Properties 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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).

White Leaf Care Properties Limited (Registered number: 07391717)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 3,967
DEPRECIATION
At 1st April 2023 3,370
Charge for year 597
At 31st March 2024 3,967
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 597

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2023 103
Disposals (1 )
At 31st March 2024 102
NET BOOK VALUE
At 31st March 2024 102
At 31st March 2023 103

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 5,015,542
Revaluations 180,000
At 31st March 2024 5,195,542
NET BOOK VALUE
At 31st March 2024 5,195,542
At 31st March 2023 5,015,542

White Leaf Care Properties Limited (Registered number: 07391717)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


6. INVESTMENT PROPERTY - continued

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2022 620,000
Valuation in 2023 180,000
Cost 4,395,542
5,195,542

Investment property was valued on an open market basis on 6th October 2023 by Knight Frank LLP .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 16,724 18,786
Amounts owed by group undertakings 1,252,371 1,284,549
1,269,095 1,303,335

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 209,560 2,288,022
Trade creditors 65,689 62,644
Amounts owed to group undertakings 1,338,503 1,615,159
Taxation and social security 58,799 80,761
Other creditors 14,338 26,011
1,686,889 4,072,597

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 2,286,140 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,664,580 -

White Leaf Care Properties Limited (Registered number: 07391717)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


10. SECURED DEBTS

Included within bank loans are loans totalling £ 2,495,700 (2023: £ 2,288,022) which are secured by a legal charge over the investment properties of the company.

A loan of £ 2,326,950 (2023: Nil) is subject to an annual interest rate of 2.20% above base rate and benefits from a capital repayment holiday for the first twelve months of the facility. This benefit will expire in October 2024 and the loan will then be subject to repayment by installments over the term of the facility.

A loan of £ 168,750 (2023: Nil) is subject to a monthly interest charge of 0.95% per month and is repayable in full within the next twelve months.

The previous bank loan facility of £ 2,288,022 was repaid in full during the financial year.

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S, Paramaguru (FCCA) (Senior Statutory Auditor)
for and on behalf of Param & Company Limited

12. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is The Coin Group Limited, which prepares group financial statements. The registered office of The Coin Group Limited is Unit 1 Lancaster Court, Coronation Road, Cressex Business Park. High Wycombe. Buckinghamshire. HP12 3TD.