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Financial Statements

for the Year Ended 31 August 2024

for

39 Whitehouse Street Limited

39 Whitehouse Street Limited (Registered number: 12801152)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


39 Whitehouse Street Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: G Nock
R K Hyett
R Norstrom





SECRETARY: Mrs R Massoudi





REGISTERED OFFICE: 2nd Floor
17 Grosvenor Street
London
W1K 4QG





REGISTERED NUMBER: 12801152 (England and Wales)





AUDITORS: Williams & Co Epsom LLP
Statutory Auditors
8-10 South Street
Epsom
Surrey
KT18 7PF

39 Whitehouse Street Limited (Registered number: 12801152)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 779,833 511,303
Debtors 5 30,891 12,898
Cash at bank and in hand 7,770 84,161
818,494 608,362
CREDITORS
Amounts falling due within one year 6 940,874 606,015
NET CURRENT (LIABILITIES)/ASSETS (122,380 ) 2,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

(122,380

)

2,347

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (122,381 ) 2,346
SHAREHOLDERS' FUNDS (122,380 ) 2,347

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





G Nock - Director


39 Whitehouse Street Limited (Registered number: 12801152)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

39 Whitehouse Street 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.

Stocks
Stocks represent property acquired for development together with work in progress on those properties. These assets are included at the lower of cost and net realisable value. Cost for this purpose comprises the purchase cost of land and buildings and subsequent development expenditure.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The company accounts have been drawn up on the basis of a going concern. Funding of the stock and WIP is from the holding company and will be repaid when the property is sold.

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
2024 2023
£    £   
Work-in-progress 779,833 511,303

39 Whitehouse Street Limited (Registered number: 12801152)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,912 -
VAT 502 -
Prepayments 18,477 12,898
30,891 12,898

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,856 9,632
Amounts owed to group undertakings 903,883 590,883
VAT - 1,500
Deferred income 7,635 2,500
Accrued expenses 4,500 1,500
940,874 606,015

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

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

The Report of the Auditors was unqualified.

Mark Williams (Senior Statutory Auditor)
for and on behalf of Williams & Co Epsom LLP

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr G Nock, Mr R Hyett and ACG Limited, a company registered in Guernsey.