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REGISTERED NUMBER: 09811017 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

WHITE DRAGON PROPERTY LIMITED

WHITE DRAGON PROPERTY LIMITED (REGISTERED NUMBER: 09811017)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE DRAGON PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2025







DIRECTORS: Mr R J Griffiths
Mrs L Griffiths





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: 24 Rowan Drive
Godalming
Surrey
GU7 1UB





REGISTERED NUMBER: 09811017 (England and Wales)






WHITE DRAGON PROPERTY LIMITED (REGISTERED NUMBER: 09811017)

BALANCE SHEET
28TH FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 702 1,848
Investment property 6 380,000 380,000
380,702 381,848

CURRENT ASSETS
Debtors 7 240 648
Cash at bank 4,446 1,627
4,686 2,275
CREDITORS
Amounts falling due within one year 8 97,013 96,361
NET CURRENT LIABILITIES (92,327 ) (94,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,375

287,762

CREDITORS
Amounts falling due after more than one
year

9

(242,001

)

(242,001

)

PROVISIONS FOR LIABILITIES (4,674 ) (4,558 )
NET ASSETS 41,700 41,203

CAPITAL AND RESERVES
Called up share capital 11 50 50
Fair value reserve 46,392 46,508
Retained earnings (4,742 ) (5,355 )
SHAREHOLDERS' FUNDS 41,700 41,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 DRAGON PROPERTY LIMITED (REGISTERED NUMBER: 09811017)

BALANCE SHEET - continued
28TH FEBRUARY 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st April 2025 and were signed on its behalf by:





Mr R J Griffiths - Director


WHITE DRAGON PROPERTY LIMITED (REGISTERED NUMBER: 09811017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025


1. STATUTORY INFORMATION

White Dragon Property 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents the fair value of rental income received or receivable during the year, adjusted for income received in advance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line

All fixed assets are initially recorded 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

WHITE DRAGON PROPERTY LIMITED (REGISTERED NUMBER: 09811017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025


3. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st March 2024
and 28th February 2025 5,627
DEPRECIATION
At 1st March 2024 3,779
Charge for year 1,146
At 28th February 2025 4,925
NET BOOK VALUE
At 28th February 2025 702
At 29th February 2024 1,848

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2024
and 28th February 2025 380,000
NET BOOK VALUE
At 28th February 2025 380,000
At 29th February 2024 380,000

Fair value at 28th February 2025 is represented by:
£   
Valuation in 2017 17,591
Valuation in 2018 10,000
Valuation in 2022 3,475
Valuation in 2023 20,000
Cost 328,934
380,000

The valuation model used to establish the fair value for the revaluation of the investment property assumes that there are no factors which would cause the property to achieve less than full open market value were it to be made available for sale. The directors are not aware of any such factors that would need to be taken into account for establishing the fair value and as a result the valuation has been based on an open market value.

WHITE DRAGON PROPERTY LIMITED (REGISTERED NUMBER: 09811017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 240 648

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 408
Other creditors 97,013 95,953
97,013 96,361

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Other creditors 242,001 242,001

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 242,001 242,001

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Other loans 242,001 242,001

Other loans represents a mortgage on the investment property which is secured by way of a fixed charge over the investment property and ancillary assets together with a floating charge over the business and all other assets.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
50 Ordinary £1 50 50