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REGISTERED NUMBER: 11051041 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

WHITECHURCH INVESTMENTS LTD

WHITECHURCH INVESTMENTS LTD (REGISTERED NUMBER: 11051041)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WHITECHURCH INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: J Aytan





REGISTERED OFFICE: 113 Whitechapel Road
London
E1 1DT





REGISTERED NUMBER: 11051041 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

WHITECHURCH INVESTMENTS LTD (REGISTERED NUMBER: 11051041)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,465,000 2,321,238

CURRENT ASSETS
Debtors 5 139,403 127,468
Cash at bank 224 528
139,627 127,996
CREDITORS
Amounts falling due within one year 6 2,391,811 2,377,890
NET CURRENT LIABILITIES (2,252,184 ) (2,249,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,816

71,344

CREDITORS
Amounts falling due after more than one
year

7

(5,563

)

(15,809

)

PROVISIONS FOR LIABILITIES 8 (35,941 ) -
NET ASSETS 171,312 55,535

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 107,822 -
Retained earnings 63,390 55,435
171,312 55,535

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

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

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





J Aytan - Director


WHITECHURCH INVESTMENTS LTD (REGISTERED NUMBER: 11051041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Whitechurch Investments Ltd 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the director is 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. There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The company's investment property is measured at fair value at each reporting date, with changes in fair value recognised directly in profit or loss for the period in which they arise, in accordance with FRS 102 Section 1A. Fair value is established using observable market data, reflecting recent transaction prices for comparable properties in similar locations and conditions. Where applicable, external independent valuations are obtained to support the fair value assessment. No depreciation is applied to investment properties measured at fair value. Any significant restrictions on the disposal or income realization from the property are disclosed separately, where material, to ensure transparency in reporting.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


WHITECHURCH INVESTMENTS LTD (REGISTERED NUMBER: 11051041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 2,321,238
Revaluations 143,762
At 30 November 2024 2,465,000
NET BOOK VALUE
At 30 November 2024 2,465,000
At 30 November 2023 2,321,238

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 143,762
Cost 2,321,238
2,465,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,321,238 2,321,238

Investment property was valued on an open market basis on 30 November 2024 by directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,250 8,250
Amounts owed by connected companies 115,705 117,705
Other debtors 12,448 1,513
139,403 127,468

WHITECHURCH INVESTMENTS LTD (REGISTERED NUMBER: 11051041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,824
Trade creditors 5,705 2,600
Amounts owed to connected companies 2,171,802 2,164,002
Taxation and social security 15,866 12,526
Other creditors 188,438 188,938
2,391,811 2,377,890

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,563 15,809

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 35,941 -

Deferred
tax
£   
Provided during year 35,941
Balance at 30 November 2024 35,941

9. RESERVES
Revaluation
reserve
£   
Revaluation reserve 107,822

At 30 November 2024 107,822

10. RELATED PARTY DISCLOSURES

Included in debtors, amount falling due within one year, is an amount of £115,705 (2023: £117,705) owed by the connected companies. This amount is interest free and repayable on demand.

Included in creditors, amount falling due within one year, is an amount of £2,171,802 (2023: £2,164,002) owed to the connected companies. This amount is interest free and repayable on demand.

Included in creditors, amount falling due within one year, is an amount of £10,055 (2023: £12,055) owed to the director. This amount is interest free and repayable on demand.