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Company No: 12985250 (England and Wales)

# 84 WHR LTD

### Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

84 WHR LTD

## Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

84 WHR LTD

## STATEMENT OF FINANCIAL POSITION

As at 28 February 2025
84 WHR LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 28 February 2025

| Note | 28.02.2025 |  | 29.02.2024
|  | £ |  | £
Current assets |  |  |  |
Stocks | 3 | 18,000,000 |  | 20,005,371
Debtors | 4 | 650 |  | 16,900
|  | 18,000,650 |  | 20,022,271
Creditors: amounts falling due within one year | 5 | ( 21,415,314) |  | ( 20,039,151)
Net current liabilities |  | (3,414,664) |  | (16,880)
Total assets less current liabilities |  | (3,414,664) |  | (16,880)
Net liabilities |  | ( 3,414,664) |  | ( 16,880)
Capital and reserves |  |  |  |
Called-up share capital | 6 | 100 |  | 100
Profit and loss account |  | ( 3,414,764 ) |  | ( 16,980 )
Total shareholder's deficit |  | ( 3,414,664) |  | ( 16,880)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of 84 WHR Ltd (registered number: 12985250) were approved and authorised for issue by the Director. They were signed on its behalf by:

A K Varma Director |

29 August 2025

84 WHR LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
84 WHR LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025

##### 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 period, unless otherwise stated.

##### General information and basis of accounting

84 WHR Ltd (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 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Stocks

Stock of trading property is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each year and date, the properties are assessed for impairment. If there is an impairment, the carrying amount is reduced to its selling price less cost to complete and sell. The impairment loss is recognised immediately in the income and expenditure statement.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| Year ended 28.02.2025 |  | Period from 01.07.2023 to 29.02.2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 1 |  | 1

#### 3. Stocks

| 28.02.2025 |  | 29.02.2024
| £ |  | £
Stocks | 18,000,000 |  | 20,005,371

#### 4. Debtors

| 28.02.2025 |  | 29.02.2024
| £ |  | £
Other debtors | 650 |  | 16,900

#### 5. Creditors: amounts falling due within one year

| 28.02.2025 |  | 29.02.2024
| £ |  | £
Bank loans | 6,400,000 |  | 9,120,000
Amounts owed to connected companies | 15,012,714 |  | 10,467,891
Other creditors | 2,600 |  | 451,260
| 21,415,314 |  | 20,039,151

The bank loan is secured by way of a fixed and floating charge over the development property, any other assets held by the company and any future rents arising from the property.

#### 6. Called-up share capital

| 28.02.2025 |  | 29.02.2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 7. Related party transactions

Other related party transactions

| 28.02.2025 |  | 29.02.2024
| £ |  | £
Amounts owed to entities with control, joint control, or significant influence over the company | (15,012,714) |  | (10,467,891)

#### 8. Ultimate controlling party

The company is controlled by the director.