Silverfin false false 05/04/2024 06/04/2023 05/04/2024 D. Edelstein 29/08/2012 K. Edelstein 08/10/2015 F. Steiner 19/04/2024 28 April 2025 The principal activity of the Company during the financial year was that of developing of property for resale. 00409094 2024-04-05 00409094 bus:Director1 2024-04-05 00409094 bus:Director2 2024-04-05 00409094 bus:Director3 2024-04-05 00409094 2023-04-05 00409094 core:CurrentFinancialInstruments 2024-04-05 00409094 core:CurrentFinancialInstruments 2023-04-05 00409094 core:ShareCapital 2024-04-05 00409094 core:ShareCapital 2023-04-05 00409094 core:SharePremium 2024-04-05 00409094 core:SharePremium 2023-04-05 00409094 core:RetainedEarningsAccumulatedLosses 2024-04-05 00409094 core:RetainedEarningsAccumulatedLosses 2023-04-05 00409094 bus:OrdinaryShareClass1 2024-04-05 00409094 2023-04-06 2024-04-05 00409094 bus:FilletedAccounts 2023-04-06 2024-04-05 00409094 bus:SmallEntities 2023-04-06 2024-04-05 00409094 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 00409094 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 00409094 bus:Director1 2023-04-06 2024-04-05 00409094 bus:Director2 2023-04-06 2024-04-05 00409094 bus:Director3 2023-04-06 2024-04-05 00409094 2022-04-06 2023-04-05 00409094 bus:OrdinaryShareClass1 2023-04-06 2024-04-05 00409094 bus:OrdinaryShareClass1 2022-04-06 2023-04-05 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00409094 (England and Wales)

WHITESTONE PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 05 April 2024
Pages for filing with the registrar

WHITESTONE PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 05 April 2024

Contents

WHITESTONE PROPERTIES LIMITED

BALANCE SHEET

As at 05 April 2024
WHITESTONE PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 05 April 2024
Note 2024 2023
£ £
Current assets
Stocks 4 9,153 9,153
Debtors 5 661,866 642,057
Cash at bank and in hand 29,333 30,963
700,352 682,173
Creditors: amounts falling due within one year 6 ( 88,657) ( 82,153)
Net current assets 611,695 600,020
Total assets less current liabilities 611,695 600,020
Net assets 611,695 600,020
Capital and reserves
Called-up share capital 7 1,483 1,483
Share premium account 349,517 349,517
Profit and loss account 260,695 249,020
Total shareholder's funds 611,695 600,020

For the financial year ending 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Whitestone Properties Limited (registered number: 00409094) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D. Edelstein
Director

28 April 2025

WHITESTONE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
WHITESTONE PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Whitestone Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 34-36 Maddox Street, London, W1S 1PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 3

4. Stocks

2024 2023
£ £
Stocks 9,153 9,153

5. Debtors

2024 2023
£ £
Trade debtors 2,792 13,864
Other debtors 659,074 628,193
661,866 642,057

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 9,224 8,006
Taxation and social security 3,559 1,398
Other creditors 75,874 72,749
88,657 82,153

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,483 Ordinary shares of £ 1.00 each 1,483 1,483

8. Related party transactions

Other related party transactions

2024 2023
£ £
Amount owed by related parties at the year end 655,300 626,764
Amount owed to related parties at the year end (32,920) (23,320)