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REGISTERED NUMBER: 09922142 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

White Kite Holdings Limited

White Kite Holdings Limited (Registered number: 09922142)






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


White Kite Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: N J Humphreys





REGISTERED OFFICE: 39 Ashby Road
Loughborough
Leicestershire
LE11 3AA





REGISTERED NUMBER: 09922142 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

White Kite Holdings Limited (Registered number: 09922142)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 197,241 -
Tangible assets 5 301,674 301,314
Investment property 6 245,000 245,000
743,915 546,314

CURRENT ASSETS
Debtors 7 1,162,407 1,257,484
Cash at bank and in hand 67,175 43,689
1,229,582 1,301,173
CREDITORS
Amounts falling due within one year 8 1,140,281 897,269
NET CURRENT ASSETS 89,301 403,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

833,216

950,218

CREDITORS
Amounts falling due after more than one
year

9

348,699

348,699
NET ASSETS 484,517 601,519

CAPITAL AND RESERVES
Called up share capital 55 55
Fair value reserve 11 100,668 100,668
Capital redemption reserve 11 118,649 118,649
Retained earnings 11 265,145 382,147
484,517 601,519

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.

White Kite Holdings Limited (Registered number: 09922142)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





N J Humphreys - Director


White Kite Holdings Limited (Registered number: 09922142)

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

1. STATUTORY INFORMATION

White Kite Holdings 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Professional lettings database is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land & buildings- No depreciation charged
Motor vehicles- 25% on reducing balance
Fixtures & fittings- 15% on reducing balance

Freehold property is not depreciated but is but is revalued annually at its market value. Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve.

Investment property
Investment property is not depreciated but is revalued annually at its fair value. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

White Kite Holdings Limited (Registered number: 09922142)

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

4. INTANGIBLE FIXED ASSETS
Professional
lettings
database
£   
COST
Additions 202,298
At 30 June 2024 202,298
AMORTISATION
Amortisation for year 5,057
At 30 June 2024 5,057
NET BOOK VALUE
At 30 June 2024 197,241

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 290,000 4,746 14,187 308,933
Additions - 3,011 - 3,011
At 30 June 2024 290,000 7,757 14,187 311,944
DEPRECIATION
At 1 July 2023 - 712 6,907 7,619
Charge for year - 831 1,820 2,651
At 30 June 2024 - 1,543 8,727 10,270
NET BOOK VALUE
At 30 June 2024 290,000 6,214 5,460 301,674
At 30 June 2023 290,000 4,034 7,280 301,314

Cost or valuation at 30 June 2024 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 2024 290,000 - - 290,000
Cost - 7,757 14,187 21,944
290,000 7,757 14,187 311,944

White Kite Holdings Limited (Registered number: 09922142)

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

5. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 273,692 273,692
Aggregate depreciation 88,950 83,476

Freehold property was valued on a fair value basis on 30 June 2024 by the director .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 245,000
NET BOOK VALUE
At 30 June 2024 245,000
At 30 June 2023 245,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 245,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 160,640 160,640
Aggregate depreciation (71,485 ) (68,272 )

Investment property was valued on a fair value basis on 30 June 2024 by the director .

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 10,081 20,903
Amounts owed by group undertakings 1,061,196 1,075,101
Other debtors 5,880 4,620
Directors' current accounts - 86,095
Prepayments 57,270 50,917
1,134,427 1,237,636

White Kite Holdings Limited (Registered number: 09922142)

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

7. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Tax 27,980 19,848

Aggregate amounts 1,162,407 1,257,484

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 64,418 68,142
Social security and other taxes 24,652 15,916
Other creditors 1,046,723 803,563
Accrued expenses 4,488 9,648
1,140,281 897,269

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans 348,699 348,699

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 348,699 348,699

Loans are secured on properties owned by the company.

11. RESERVES
Fair Capital
Retained value redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 July 2023 382,147 100,668 118,649 601,464
Deficit for the year (17,002 ) (17,002 )
Dividends (100,000 ) (100,000 )
At 30 June 2024 265,145 100,668 118,649 484,462