Company registration number 00949975 (England and Wales)
WHITE OAK TRANSPORT SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
WHITE OAK TRANSPORT SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
WHITE OAK TRANSPORT SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,718
2,291
Investment properties
5
6,283,659
6,283,659
6,285,377
6,285,950
Current assets
Debtors
6
146,623
143,991
Cash at bank and in hand
86,189
151,877
232,812
295,868
Creditors: amounts falling due within one year
7
(548,610)
(515,460)
Net current liabilities
(315,798)
(219,592)
Total assets less current liabilities
5,969,579
6,066,358
Creditors: amounts falling due after more than one year
8
(1,801,700)
(1,823,301)
Provisions for liabilities
(812,425)
(812,425)
Net assets
3,355,454
3,430,632
Capital and reserves
Called up share capital
8,830
9,306
Revaluation reserve
2,929,846
2,929,846
Capital redemption reserve
1,170
694
Profit and loss reserves
415,608
490,786
Total equity
3,355,454
3,430,632
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
WHITE OAK TRANSPORT SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 22 July 2025 and are signed on its behalf by:
M Williams
Director
Company Registration No. 00949975
WHITE OAK TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
White Oak Transport Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wellesley House, Duke of Wellington Avenue, Royal Arsenal, London, SE18 6SS.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents rental income from investment properties, which is recognised on an accruals basis, with any outstanding rental income at the year end included within trade debtors. Any rent received which relates to future periods is included as deferred income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
WHITE OAK TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
0
0
4
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2024 and 31 March 2025
9,655
Depreciation and impairment
At 1 April 2024
7,364
Depreciation charged in the year
573
At 31 March 2025
7,937
Carrying amount
At 31 March 2025
1,718
At 31 March 2024
2,291
5
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
6,283,659
Investment property comprises of commercial properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 15 March 2022 by Eddisons Commercial Limited, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
WHITE OAK TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
66,563
65,767
Other debtors
80,060
78,224
146,623
143,991
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
194,839
202,233
Trade creditors
2,626
594
Taxation and social security
30,582
49,069
Other creditors
320,563
263,564
548,610
515,460
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,801,700
1,823,301
The long-terms loans are secured by fixed charge and negative pledge over the assets of the company and bears varying interest rate of 3.50% over the bank's base rate.