WHITESTILE 1 LIMITED - Filleted accounts

Registered number

10844113

WHITESTILE 1 LIMITED

Filleted Accounts

30 June 2024

WHITESTILE 1 LIMITED
Registered number:		10844113
Balance Sheet
as at 30 June 2024

Notes			2024			2023
£				£
Current assets
Stocks		785,501			785,501
Debtors	4	5,499			8,592
Cash at bank and in hand		33			209
		791,033			794,302

Creditors: amounts falling due within one year	5	(480,505)			(472,078)

Net current assets			310,528			322,224

Total assets less current liabilities			310,528			322,224

Creditors: amounts falling due after more than one year	6		(596,101)			(596,798)



Net liabilities			(285,573)			(274,574)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(285,673)			(274,674)

Shareholders' funds			(285,573)			(274,574)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




F. S. AHMED
Director
Approved by the board on 12 September 2025

WHITESTILE 1 LIMITED
Notes to the Accounts
for the year ended 30 June 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern

	The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the director of the company is funding the company in the form of a director’s loan. The director is planning to continue this financial support for the company for the foreseeable future.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


3	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		1


4	Debtors	2024		2023
£			£

	Other debtors	5,499		8,592


5	Creditors: amounts falling due within one year	2024		2023
£			£

	Bank loans and overdrafts	6,010		6,010
	Trade creditors	3,434		3,434
	Other creditors	471,061		462,634
		480,505		472,078


6	Creditors: amounts falling due after one year	2024		2023
£			£

	Bank loans	596,101		594,898


6	Loans	2,024		2,023
£			£

	Creditors include:	552,800		552,800

	The loan from Al Rayan Bank PLC hasa fixed chargeover theland between 54 and 60 Whitestile Road and floating charge over all property or undertaking of the company.


7	Related party transactions	2,024		2,023
£			£

	105 Water Gardens Ltd	(1,450)		5,000
	Company in which Fahad Ahmed is a director and 100% shareholder

	Amount due from (to) the related party

	Open Sky Construction Ltd	(126,487)		(126,487)
	Company in which Fahad Ahmed is a director and 100% shareholder

	225 Quadrangle Towers Ltd	(1,224)		(1,224)
	Company in which Fahad Ahmed is a director and 100% shareholder

	106 Park Street Ltd	(7,280)		(7,400)
	Company in which Fahad Ahmed is a director and 100% shareholder

	Herford Ltd	(3,590)		(1,900)
	Company in which Fahad Ahmed is a director and 100% shareholder


8	Other information

	WHITESTILE 1 LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	5 Brayford Square
	London
	England
	E1 0SG