Silverfin false false 31/12/2024 01/01/2024 31/12/2024 H J Frankham 16/02/2016 MP PD1 UK Ltd 22/07/2022 29 July 2025 The principal activity of the Company during the year was that of the ownership and rental of investment property. 10007800 2024-12-31 10007800 bus:Director1 2024-12-31 10007800 bus:Director2 2024-12-31 10007800 2023-12-31 10007800 core:CurrentFinancialInstruments 2024-12-31 10007800 core:CurrentFinancialInstruments 2023-12-31 10007800 core:Non-currentFinancialInstruments 2024-12-31 10007800 core:Non-currentFinancialInstruments 2023-12-31 10007800 core:ShareCapital 2024-12-31 10007800 core:ShareCapital 2023-12-31 10007800 core:RetainedEarningsAccumulatedLosses 2024-12-31 10007800 core:RetainedEarningsAccumulatedLosses 2023-12-31 10007800 core:FurnitureFittings 2023-12-31 10007800 core:FurnitureFittings 2024-12-31 10007800 bus:OrdinaryShareClass1 2024-12-31 10007800 2024-01-01 2024-12-31 10007800 bus:FilletedAccounts 2024-01-01 2024-12-31 10007800 bus:SmallEntities 2024-01-01 2024-12-31 10007800 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10007800 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10007800 bus:Director1 2024-01-01 2024-12-31 10007800 bus:Director2 2024-01-01 2024-12-31 10007800 core:FurnitureFittings core:BottomRangeValue 2024-01-01 2024-12-31 10007800 core:FurnitureFittings core:TopRangeValue 2024-01-01 2024-12-31 10007800 2023-01-01 2023-12-31 10007800 core:FurnitureFittings 2024-01-01 2024-12-31 10007800 core:FurnitureFittings 1 2024-01-01 2024-12-31 10007800 1 2024-01-01 2024-12-31 10007800 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 10007800 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10007800 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10007800 (England and Wales)

WHITEOAKS CAPITAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

WHITEOAKS CAPITAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

WHITEOAKS CAPITAL LIMITED

BALANCE SHEET

As at 31 December 2024
WHITEOAKS CAPITAL LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 49,572 97,375
Investment property 4 9,700,000 13,450,000
9,749,572 13,547,375
Current assets
Debtors 5 83,291 154,477
Cash at bank and in hand 168,628 386,267
251,919 540,744
Creditors: amounts falling due within one year 6 ( 52,656) ( 70,195)
Net current assets 199,263 470,549
Total assets less current liabilities 9,948,835 14,017,924
Creditors: amounts falling due after more than one year 7 ( 7,498,229) ( 7,914,105)
Net assets 2,450,606 6,103,819
Capital and reserves
Called-up share capital 8 9,000,000 9,000,000
Profit and loss account ( 6,549,394 ) ( 2,896,181 )
Total shareholder's funds 2,450,606 6,103,819

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Whiteoaks Capital Limited (registered number: 10007800) were approved and authorised for issue by the Board of Directors on 29 July 2025. They were signed on its behalf by:

MP PD1 UK Ltd
Director
WHITEOAKS CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
WHITEOAKS CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Whiteoaks Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40 Berkeley Square, Bristol, BS8 1HP, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services and rent are recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases


The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 January 2024 278,930 278,930
Additions 2,483 2,483
Disposals ( 40,300) ( 40,300)
At 31 December 2024 241,113 241,113
Accumulated depreciation
At 01 January 2024 181,555 181,555
Charge for the financial year 50,286 50,286
Disposals ( 40,300) ( 40,300)
Transfers 0 0
At 31 December 2024 191,541 191,541
Net book value
At 31 December 2024 49,572 49,572
At 31 December 2023 97,375 97,375

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 13,450,000
Fair value movement (3,708,406)
Disposals (41,594)
As at 31 December 2024 9,700,000

Valuation

The property was independently valued by an external valuer on 3 February 2025. The directors do not consider the valuation of the investment property on this date to be materially different from the valuation at 31 December 2024.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 16,108,730 16,165,696

5. Debtors

2024 2023
£ £
Trade debtors 0 30,000
Prepayments and accrued income 3,911 28,393
Deferred tax asset 53,167 71,971
Other debtors 26,213 24,113
83,291 154,477

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 195 124
Accruals 4,000 22,532
Other taxation and social security 48,460 47,311
Other creditors 1 228
52,656 70,195

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 5,336,015 5,341,891
Other creditors 2,162,214 2,572,214
7,498,229 7,914,105

The balances above are unsecured.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
9,000,000 Ordinary A shares of £ 1.00 each 9,000,000 9,000,000

9. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £825,000 (2023 - £1,650,000) in respect of rent receivable under non-cancellable operating leases.

10. Related party transactions

At the year end the company owed £2,152,614 (2023 - £2,562,614) in respect of a loan from an entity under common control. Interest on the loan is charged at 6% per annum.

During the year the company charged £825,000 (2023 - £825,000) of rent through a signed lease agreement to another entity under common control.