1 December 2023 false Taxfiler 2024.6 11095795business:PrivateLimitedCompanyLtd2023-12-012024-11-30 110957952023-11-30 110957952023-12-012024-11-30 11095795business:AuditExemptWithAccountantsReport2023-12-012024-11-30 11095795business:FilletedAccounts2023-12-012024-11-30 110957952024-11-30 11095795business:Director12023-12-012024-11-30 11095795business:RegisteredOffice2023-12-012024-11-30 110957952023-11-30 11095795core:WithinOneYear2024-11-30 11095795core:WithinOneYear2023-11-30 11095795core:AfterOneYear2024-11-30 11095795core:AfterOneYear2023-11-30 11095795core:ShareCapitalcore:PreviouslyStatedAmount2024-11-30 11095795core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11095795core:RevaluationReservecore:PreviouslyStatedAmount2024-11-30 11095795core:RevaluationReservecore:PreviouslyStatedAmount2023-11-30 11095795core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-11-30 11095795core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11095795core:PreviouslyStatedAmount2024-11-30 11095795core:PreviouslyStatedAmount2023-11-30 11095795business:SmallEntities2023-12-012024-11-30 11095795countries:EnglandWales2023-12-012024-11-30 11095795core:FurnitureFittings2023-12-012024-11-30 11095795core:FurnitureFittings2023-11-30 11095795core:FurnitureFittings2024-11-30 11095795core:MoreThanFiveYears2024-11-30 11095795core:MoreThanFiveYears2023-11-30 11095795core:AfterOneYear2023-12-012024-11-30 11095795core:RevaluationInvestmentPropertyDeferredTax2024-11-30 11095795core:RevaluationInvestmentPropertyDeferredTax2023-11-30 11095795core:TaxLossesCarry-forwardsDeferredTax2024-11-30 11095795core:TaxLossesCarry-forwardsDeferredTax2023-11-30 110957952022-12-012023-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11095795 (England and Wales)
Whisson Property Investments Limited Unaudited accounts for the year ended 30 November 2024
Whisson Property Investments Limited Unaudited accounts Contents
Page
- 2 -
Whisson Property Investments Limited Company Information for the year ended 30 November 2024
Director
Robert Ian Whisson
Company Number
11095795 (England and Wales)
Registered Office
First Floor 85 Great Portland Street London W1W 7LT England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
Whisson Property Investments Limited Accountants' report
Accountants' report to the director of Whisson Property Investments Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Whisson Property Investments Limited for the year ended 30 November 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Whisson Property Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Whisson Property Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whisson Property Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Whisson Property Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Whisson Property Investments Limited. You consider that Whisson Property Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Whisson Property Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 6 May 2025
- 4 -
Whisson Property Investments Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,703 
14,250 
Investment property
2,458,527 
1,547,650 
Investments
100 
100 
2,467,330 
1,562,000 
Current assets
Debtors
72,748 
75,098 
Cash at bank and in hand
4,602 
4,831 
77,350 
79,929 
Creditors: amounts falling due within one year
(333,674)
(559,196)
Net current liabilities
(256,324)
(479,267)
Total assets less current liabilities
2,211,006 
1,082,733 
Creditors: amounts falling due after more than one year
(2,138,410)
(1,058,697)
Provisions for liabilities
Deferred tax
(26,672)
- 
Net assets
45,924 
24,036 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
105,761 
99,006 
Profit and loss account
(59,937)
(75,070)
Shareholders' funds
45,924 
24,036 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2025 and were signed on its behalf by
Robert Ian Whisson Director Company Registration No. 11095795
- 5 -
Whisson Property Investments Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Whisson Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 11095795. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
Whisson Property Investments Limited Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 December 2023
25,282 
Additions
2,880 
At 30 November 2024
28,162 
Depreciation
At 1 December 2023
11,032 
Charge for the year
8,427 
At 30 November 2024
19,459 
Net book value
At 30 November 2024
8,703 
At 30 November 2023
14,250 
5
Investment property
2024 
£ 
Fair value at 1 December 2023
1,547,650 
Additions
877,450 
Net gain from fair value adjustments
33,427 
At 30 November 2024
2,458,527 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 December 2023
100 
Valuation at 30 November 2024
100 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
72,723 
6,074 
Other debtors
25 
25 
72,748 
6,099 
Amounts falling due after more than one year
Other debtors
- 
68,999 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
57,500 
241,013 
Loans from directors
270,584 
317,580 
Accruals
5,590 
603 
333,674 
559,196 
- 7 -
Whisson Property Investments Limited Notes to the Accounts for the year ended 30 November 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
912,827 
733,491 
Amounts owed to group undertakings and other participating interests
877,450 
- 
Other creditors
348,133 
325,206 
2,138,410 
1,058,697 
Aggregate of amounts that fall due for payment after five years
912,827 
733,492 
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
10
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
33,108 
- 
Tax losses carried forward
(6,436)
- 
26,672 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
26,672 
- 
Provision at end of year
26,672 
- 
11
Transactions with related parties
Included in current assets is a loan of £66,349 (2023 - £68,992) to IPR Evesham Ltd, a related company. No interest has been charged. Included in non-current liabilities are the following loans: 1) £269,799 (2023 - £253,572) from Whisson Wealth Management Limited, a related company. Interest of 7% p.a. has been charged. 2) £877,450 (2023 - nil) owed to Hat and Cap Works Ltd, a subsidiary. No interest has been charged.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 8 -