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REGISTERED NUMBER: 08636057 (England and Wales)















Financial Statements

for the Year Ended 31 August 2024

for

WHITE ROSE HOMES LTD.

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITE ROSE HOMES LTD.

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D Wigglesworth
M Trueman





REGISTERED OFFICE: Matrix@Dinnington Business Centre
Nobel Way
Dinnington
Sheffield
S25 3QB





REGISTERED NUMBER: 08636057 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,570 12,759
Investment property 5 511,250 344,396
520,820 357,155

CURRENT ASSETS
Stock and work in progress 6 215,521 215,521
Debtors 7 4,876 35,148
220,397 250,669
CREDITORS
Amounts falling due within one year 8 252,863 276,806
NET CURRENT LIABILITIES (32,466 ) (26,137 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,354

331,018

CREDITORS
Amounts falling due after more than one
year

9

(385,151

)

(393,603

)

PROVISIONS FOR LIABILITIES (33,031 ) -
NET ASSETS/(LIABILITIES) 70,172 (62,585 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11 70,072 (62,685 )
SHAREHOLDERS' FUNDS 70,172 (62,585 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:





D Wigglesworth - Director


WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

White Rose Homes 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for the modification to a fair value basis for investment property as explained below.

Turnover
Turnover represents the sales value of properties sold, construction and other services provided and rents receivable.for the year. Turnover is stated exclusive of any related VAT.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the cost less estimated residual value of the assets over their expected useful lives at the following annual rates:

Motor vehicles - 20% of cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stock and work in progress
Stock and work in progress is stated at the lower of cost and estimated net realisable value. Cost includes all property development costs including interest on development funding incurred during the period of construction.

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.

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.

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Equipment,
fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 15,948
DEPRECIATION
At 1 September 2023 3,189
Charge for year 3,189
At 31 August 2024 6,378
NET BOOK VALUE
At 31 August 2024 9,570
At 31 August 2023 12,759

Fixed assets are held wholly under hire purchase and similar contracts.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 344,396
Revaluations 166,854
At 31 August 2024 511,250
NET BOOK VALUE
At 31 August 2024 511,250
At 31 August 2023 344,396

Investment property is stated at directors' valuation as at 31 August 2024. If properties had not been revalued, they would have been stated at cost of £344,396.

6. STOCK AND WORK IN PROGRESS

Stock represents completed properties held for sale.

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contracts - 7,339
Other debtors 4,876 27,809
4,876 35,148

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,095 5,277
Hire purchase contracts 3,586 3,036
Trade creditors 5,368 3,673
Taxation and social security 1,206 4,189
Other creditors 232,608 260,631
252,863 276,806

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 376,324 381,190
Hire purchase contracts 8,827 12,413
385,151 393,603

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 356,324 366,190

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 381,324 386,190

11. RESERVES

Retained earnings at 31 August 2024 arise from the revaluation of investment property, net of related deferred taxation, and are therefore unrealised and not distributable.

12. DIRECTOR'S CURRENT ACCOUNT

The director, D Wigglesworth, operates a current account with the company which was overdrawn by a maximum amount of £4,065 for a period of 134 days during the year. The current account is interest free, repayable on demand and was in credit at the beginning of the year, but overdrawn by £2,948 at the end of the year.

WHITE ROSE HOMES LTD. (REGISTERED NUMBER: 08636057)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


13. RELATED PARTY DISCLOSURES

Other creditors include £222,546 (2023 - £248,697) owed to a company in which the director, D Wigglesworth, has a controlling interest. The balance is interest free and repayable on demand.