Company No: 05747903 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Stocks	3	739		739
Debtors	4	36,005		45,165
Cash at bank and in hand		51,332		21,537
		88,076		67,441
Creditors: amounts falling due within one year	5	( 25,192)		( 21,316)
Net current assets		62,884		46,125
Total assets less current liabilities		62,884		46,125
Net assets		62,884		46,125
Capital and reserves
Called-up share capital		5		5
Profit and loss account		62,879		46,120
Total shareholders' funds		62,884		46,125

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge 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 Profit and Loss Account has not been delivered.

The financial statements of Whitesand Properties Limited (registered number: 05747903) were approved and authorised for issue by the Board of Directors on 19 September 2025. They were signed on its behalf by:

Mrs H C Kearns Director

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 year, unless otherwise stated.

General information and basis of accounting

Whitesand Properties Limited (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 Leanne House, 6 Avon Close, Weymouth, DT4 9UX, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	6		6

3. Stocks

	2025		2024
	£		£
Stocks	739		739

4. Debtors

	2025		2024
	£		£
Amounts owed by directors	11,206		11,206
Prepayments	1,548		2,463
Corporation tax	0		8,496
Other debtors	23,251		23,000
	36,005		45,165

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	531		1,071
Amounts owed to directors	10,357		9,272
Accruals and deferred income	12,923		10,557
Taxation and social security	1,209		416
Other creditors	172		0
	25,192		21,316

6. Related party transactions

Transactions with the entity's directors

The company trades from premises owned by the directors, who charge rent to the company. The total charge for the year included in the profit and loss account was £33,383 (2024: £33,592).

The directors' loan accounts are repayable on demand, and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

Mr R T & Mrs H C Kearns

At 1st April 2024 the balance owed from the directors was £11,206. During the year, the company made advances to directors amounting to £nil and received repayments of £nil, leaving a balance due from the directors of £11,206.

At 1st April 2023 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £12,000 and received repayments of £nil, leaving a balance due from the directors of £11,206.