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Company Registration No. 10783286 (England and Wales)
WHITE INTENT PROPERTIES LTD
Financial Statements
for the Period from 01 November 2023 to 31 October 2024

WHITE INTENT PROPERTIES LTD

Financial Statements for the period ending 31 October 2024

WHITE INTENT PROPERTIES LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

1. Statutory Information
WHITE INTENT PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10783286.
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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.Going concernThe directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £171,212. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Rental income from investment property leased out under operating leases is recognised in the statement of income and retained earnings on a straight-line basis over the term of the lease.

WHITE INTENT PROPERTIES LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

Tangible Fixed Asset Policy
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line/reducing balance] basis over its expected useful life, as follows:Office equipment 5 years straight lineResidual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

WHITE INTENT PROPERTIES LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

Intangible Asset Policy
Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:Development costs 5 years straight line

WHITE INTENT PROPERTIES LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 2
2023 2
4. Principal Activity
The principal activity of the Company during the financial year was the development and letting of owned investment properties.

WHITE INTENT PROPERTIES LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

5. Intangible Assets
Other Total
Cost £ £
At 01/11/2023 6,000 6,000
Additions - -
Disposals - -
Revaluations - -
At 31/10/2024 6,000 6,000
Amortisation
At 01/11/2023 4,165 4,165
Charge for the Year 1,200 1,200
On Disposals - -
Other increases/(decreases) - -
At end of period 5,365 5,365
Net book value
At 31/10/2024 635 635
At 31/10/2023 1,835 1,835

WHITE INTENT PROPERTIES LTD

Financial Statements for the period ending 31 October 2024

Notes to the Accounts

6. Investment Properties
2024 2023
£ £
Valuation at 01/11/2023 90,000 90,000
Additions - -
Disposals - -
Transfered (to)/from tangible fixed assets - -
Fair Value adjustments - -
Valuation at 31/10/2024 90,000 90,000