Registered number
03541300
Whitehall Developments Limited
Report and Accounts
31 March 2025
Accountants and Business Advisors
Accountancy 4 Success Limited
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Whitehall Developments Limited
Registered number: 03541300
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,223 4,297
Current assets
Stocks 1,944,263 2,049,263
Debtors 4 42,944 106,196
Cash at bank and in hand 127,343 57,114
2,114,550 2,212,573
Creditors: amounts falling due within one year 5 (1,763,176) (1,627,821)
Net current assets 351,374 584,752
Total assets less current liabilities 354,597 589,049
Creditors: amounts falling due after more than one year 6 (240,000) (465,000)
Net assets 114,597 124,049
Capital and reserves
Called up share capital 18,000 18,000
Profit and loss account 96,597 106,049
Shareholders' funds 114,597 124,049
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr E L Home
Director
Approved by the board on 19 June 2025
Whitehall Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 9,123
At 31 March 2025 9,123
Depreciation
At 1 April 2024 4,826
Charge for the year 1,074
At 31 March 2025 5,900
Net book value
At 31 March 2025 3,223
At 31 March 2024 4,297
4 Debtors 2025 2024
£ £
Trade debtors 35,045 45,510
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,317 53,632
Other debtors 6,582 7,054
42,944 106,196
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts (note 9) 50,000 50,000
Trade creditors 865 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,552,849 1,416,840
Corporation tax 66,764 68,813
Other taxes and social security costs 20,019 22,930
Other creditors 72,679 69,238
1,763,176 1,627,821
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans (note 9) 240,000 465,000
7 Related party transactions
There are no related party transactions.
8 Controlling party
The companies ultimate parent company is Home Group Holdings Limited, a company incorporated in Great Britain and registered in England & Wales and controlled by E L & C Home.
9 Security
Handelsbanken plc hold a first charge over industrial Units 1-12 Boscomoor Industrial Estate, Commerce Drive, Penkridge, Staffordshire held in stock.
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