REGISTERED NUMBER: 07370702 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

WHITE KITE FINANCIAL LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Kerley

L M Burt

REGISTERED OFFICE:

18 Minster Way

Bath

BA2 6RH

REGISTERED NUMBER:

07370702 (England and Wales)

ACCOUNTANTS:

Graham Barber Accountancy Limited

18 Minster Way

Bath

BA2 6RH

BANKERS:

Barclays Bank plc

128 High Street

Cheltenham

GL50 1EG

FIXED ASSETS

Tangible assets

4

616

1,333

CURRENT ASSETS

Debtors

23,478

34,149

Cash at bank

21,836

14,628

45,314

48,777

CREDITORS

Amounts falling due within one year

(43,207

)

(40,441

)

NET CURRENT ASSETS

2,107

8,336

TOTAL ASSETS LESS CURRENT LIABILITIES

2,723

9,669

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

2,720

9,666

SHAREHOLDERS' FUNDS

2,723

9,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 June 2025 and were signed on its behalf by:

T Kerley - Director

L M Burt - Director

1.	STATUTORY INFORMATION

White Kite Financial 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover comprises the value of work carried out as mortgage and insurance advisors, credited to the profit and loss account in the year in which income is received. Additionally, in accordance with the principles of revenue recognition, income is recognised as the right to consideration obtained through th performance of contractual obligations. Consequently a proportion of income relates to work carried out by the year end but not received by the balance sheet date.

Where commission has been paid on the termination of policies written on an indemnity basis, these amounts are deducted from commission received. Furthermore, there is a contingent liability in respect of commissions received on an indemnity basis which would be payable in the event of the policies being terminated. Provision is made for the repayment of a proportion of such commission based on market experience..

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

and 30 September 2024

5,414

DEPRECIATION

At 1 October 2023

4,081

Charge for year

717

At 30 September 2024

4,798

NET BOOK VALUE

At 30 September 2024

616

At 30 September 2023

1,333

5.	OTHER FINANCIAL COMMITMENTS

Outstanding pension contributions payable included in current liabilities were £nil

(2023 £147).

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

£

T Kerley

Balance outstanding at start of year

(1,840

)

(2,129

)

Amounts advanced

-

289

Amounts repaid

(4,162

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(6,002

)

(1,840

)

L M Burt

Balance outstanding at start of year

10,889

(114

)

Amounts advanced

8,111

11,003

Amounts repaid

(19,102

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(102

)

10,889