REGISTERED NUMBER: 14571730 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

WHITTLE PROPERTY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R J Whittle

REGISTERED OFFICE:

90 Sackville Road

Hove

BN3 3HE

REGISTERED NUMBER:

14571730 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Investment property

4

255,782

255,782

CURRENT ASSETS

Cash at bank and in hand

2,593

2,246

CREDITORS

Amounts falling due within one year

5

(64,802

)

(71,764

)

NET CURRENT LIABILITIES

(62,209

)

(69,518

)

TOTAL ASSETS LESS CURRENT LIABILITIES

193,573

186,264

CREDITORS

Amounts falling due after more than one year

6

(186,253

)

(191,044

)

NET ASSETS/(LIABILITIES)

7,320

(4,780

)

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

7,120

(4,980

)

SHAREHOLDERS' FUNDS

7,320

(4,780

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 11 July 2025 and were signed by:

R J Whittle - Director

1.	STATUTORY INFORMATION

Whittle Property 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.

Turnover

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

Rent is invoiced monthly in arrears, such amounts included within debtors.

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.

Financial instruments

Financial liabilities, financial assets 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 entity after deducting all of its financial liabilities.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

and 5 April 2025

255,782

NET BOOK VALUE

At 5 April 2025

255,782

At 5 April 2024

255,782

At the balance sheet date the director deemed the market value of the investment property equalled the cost.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 7)

10,225

10,225

Taxation and social security

2,838

-

Other creditors

51,739

61,539

64,802

71,764

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 7)

186,253

191,044

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

10,225

10,225

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,225

10,225

Amounts falling due between two and five years:

Bank loans - 2-5 years

176,028

180,819

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

196,478

201,269

Barclays Security Trustee Limited has two fixed and floating charges over the company's property, including the property 90 Sackville Road, Hove, BN3 3HE.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

114

Ordinary

£1

114

114

86

Ordinary 'A'

£1

86

86

200

200