Company registration number: 12369457
Unaudited financial statements
for the year ended 31 December 2024
for
Whitestone Property Services (Southern)
Pages for filing with the Registrar
Company registration number: 12369457
Whitestone Property Services (Southern)
Balance sheet
as at 31 December 2024
31 Dec 24 31 Dec 23
Note £ £ £ £
Fixed assets
Tangible assets 4 80,824 101,031
80,824 101,031
Current assets
Debtors 31,210 37,670
Cash at bank and in hand 12,741 33,343
43,951 71,013
Creditors: amounts falling due within one
year
(28,467) (26,624)
Net current assets 15,484 44,389
Total assets less current liabilities 96,308 145,420
Creditors: Amounts falling due after more
than one year
(66,565) (100,348)
NET ASSETS 29,743 45,072
Capital and reserves
Called up share capital 4 4
Profit and loss account 29,739 45,068
TOTAL EQUITY 29,743 45,072
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 12369457
Whitestone Property Services (Southern)
Balance sheet - continued
as at 31 December 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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 May 2025 and signed on its behalf by:
Mr S Stone, Director Mr J White, Director
22 May 2025 22 May 2025
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Whitestone Property Services (Southern)
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Whitestone Property Services (Southern) is a private company registered in England and Wales. Its registered number is 12369457. The company is limited by shares. Its registered office is 04 Spur Road, Cosham, Portsmouth, Hampshire, PO6 3EB.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Motor vehicles - 20% reducing balance
Computer equipment - 20% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Whitestone Property Services (Southern)
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 135,702
At 31 December 2024 135,702
Depreciation
At 1 January 2024 34,671
Charge for year 20,207
At 31 December 2024 54,878
Net book value
At 31 December 2024 80,824
At 31 December 2023 101,031
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