Whiterock Limited 02900944 Property owners false 1 January 2024 02900944 2024-01-01 2024-12-31 02900944 2023-12-31 02900944 2024-12-31 02900944 2023-01-01 2023-12-31 02900944 2022-12-31 02900944 2023-12-31 02900944 frs102-bus:FRS102 2024-01-01 2024-12-31 02900944 frs102-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02900944 frs102-bus:FullAccounts 2024-01-01 2024-12-31 02900944 frs102-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02900944 frs102-core:CurrentFinancialInstruments 2024-12-31 02900944 frs102-core:CurrentFinancialInstruments 2023-12-31 02900944 frs102-core:ShareCapital 2024-12-31 02900944 frs102-core:ShareCapital 2023-12-31 02900944 frs102-core:RetainedEarningsAccumulatedLosses 2024-12-31 02900944 frs102-core:RetainedEarningsAccumulatedLosses 2023-12-31 02900944 frs102-bus:Director1 2024-01-01 2024-12-31 02900944 frs102-core:LandBuildings 2024-01-01 2024-12-31 02900944 frs102-core:OfficeEquipment 2024-01-01 2024-12-31 02900944 frs102-core:Vehicles 2024-01-01 2024-12-31 02900944 frs102-core:LandBuildings 2023-12-31 02900944 frs102-core:OfficeEquipment 2023-12-31 02900944 frs102-core:Vehicles 2023-12-31 02900944 frs102-core:LandBuildings 2024-12-31 02900944 frs102-core:OfficeEquipment 2024-12-31 02900944 frs102-core:Vehicles 2024-12-31 02900944 frs102-core:LandBuildings 2023-12-31 02900944 frs102-core:OfficeEquipment 2023-12-31 02900944 frs102-core:Vehicles 2023-12-31 02900944 frs102-bus:OrdinaryShareClass1 2024-12-31 02900944 frs102-bus:OrdinaryShareClass1 2023-12-31 02900944 frs102-bus:OrdinaryShareClass1 2024-01-01 2024-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
02900944
Whiterock Limited
Unaudited Accounts
for the year ended
31 December 2024
Whiterock Limited
Balance Sheet
as at 31 December 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 973,305 985,489
973,305 985,489
Current assets
Debtors 37,488 31,327
Cash at bank and in hand 959,148 934,635
996,636 965,962
Creditors: amounts falling due within one year (40,786) (41,386)
Net current assets / (liabilities) 955,850 924,576
Total assets less current liabilities 1,929,155 1,910,065
Provisions for liabilities (0) (0)
Total net assets (liabilities) 1,929,155 1,910,065
Capital and reserves
Called up share capital 4 25,066 25,066
Profit and loss account 1,904,089 1,884,999
Shareholders' funds 1,929,155 1,910,065

Whiterock Limited
Balance Sheet
as at 31 December 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mrs F White

Director


Approved by the board on 6 June 2025

Company Number: 02900944 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Well Cottage Cucumber Lane
Essendon
Hatfield
AL9 6JB
England

Whiterock Limited
Notes to the Accounts
for the year ended 31 December 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Revenue recognition
Revenue being from rental income and interest is recognised on a receivable basis.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Land & buildings 1.2% Straight Line
Office equipment 20% Straight Line
Vehicles 25% Reducing Balance
Investment property
The long leasehold property held at 31 December 2024 is measured at fair value with changes in fair value recognised in profit or loss. The long leasehold property is depreciated over the life of the lease on the straight line basis at an annual rate of 1.2%.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Pensions
Contributions in respect of the company's defined contribution pension schemes are charged to the profit and loss account for the year in which they are payable to the pension schemes.
Other accounting policies
Consolidation
The company became a wholly owned subsidiary company of Whiterock Rental Group Limited on 30 September 2015. The company and its parent comprise a small group. The company is therefore not required to, and has not chosen to, prepare group accounts. Whiterock Rental Group Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Well Cottage, Cucumber Lane, Essendon, Herts AL9 6JB.
2. Employees
2024 2023
Average number of employees during the period 2 2

3. Tangible fixed assets
Land & buildings Office equipment Vehicles Total
Cost or valuation £ £ £ £
At 1 January 2024 1,100,650 4,016 3,675 1,108,341
Additions 0 982 0 982
Disposals (0) (3,333) (0) (3,333)
At 31 December 2024 1,100,650 1,665 3,675 1,105,990
Depreciation
At 1 January 2024 115,756 3,911 3,185 122,852
Charge for the period 12,744 300 122 13,166
On disposals (0) (3,333) (0) (3,333)
At 31 December 2024 128,500 878 3,307 132,685
Net book value
At 31 December 2024 972,150 787 368 973,305
At 31 December 2023 984,894 105 490 985,489

The land and buildings is a long leasehold £1100650 (76 years 3 months unexpired at the 31 December 2024). The long leasehold acquired in 2014 is shown at cost less straight line depreciation over the life of the lease. No liability to taxation would arise if the property was sold at
cost as a result of unused reliefs.


4. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
20,566 (2023: 20,566) Ordinary shares of £1.00 each 20,566 20,566
Allotted, called up and fully paid:
4,500 (2023: 4,500) A Ordinary shares of £1.00 each 4,500 4,500
25,066 25,066

Commitments, guarantees and contingencies

Notes

Lease commitment At 31 December 2024 the company had an annual commitment of £13,700 (2023 - £13,700) and a total commitment of £1,044,625 (2023 - £1,058,325) at current rates under a non-cancellable operating lease over the remaining life of 76 years three months of the property lease to 14 April 2101. Pension Commitments The company operates a defined contribution pension scheme on behalf of the director and a defined contribution Automatic enrolment pension scheme on behalf of an employee. There is no annual commitment under the directors scheme, there is commitment of 3% of pensionable earnings for the employee enrolled in the Automatic enrolment scheme. Capital and other financial commitments, guarantees and contingencies The company had no capital or other financial commitments, guarantees and contingencies at 31 December 2024 (2023 - None).

6. Other information

Whiterock Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Well Cottage, Cucumber Lane, Essendon, Hertfordshire AL9 6JB.

The financial statements are presented in Sterling, which is the functional currency of the company.

The principal activity of the company in the year under review was that of property owners.