COMPANY REGISTRATION NUMBER:
09336413
|
White's Property Services Ltd |
|
|
Filleted Unaudited Financial Statements |
|
|
White's Property Services Ltd |
|
Year ended 31 December 2024
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
White's Property Services Ltd |
|
|
Statement of Financial Position |
|
31 December 2024
Current assets
|
Stocks |
243,196 |
|
494,678 |
|
|
Cash at bank and in hand |
201,380 |
|
8,383 |
|
|
---------- |
|
---------- |
|
|
444,576 |
|
503,061 |
|
|
|
|
|
|
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Creditors: amounts falling due within one year |
5 |
500,374 |
|
499,474 |
|
|
---------- |
|
---------- |
|
|
Net current (liabilities)/assets |
|
(
55,798) |
|
3,587 |
|
|
-------- |
|
------- |
|
Total assets less current liabilities |
|
(
55,798) |
|
3,587 |
|
|
-------- |
|
------- |
|
Net (liabilities)/assets |
|
(
55,798) |
|
3,587 |
|
|
-------- |
|
------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
|
1 |
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Profit and loss account |
|
(
55,799) |
|
3,586 |
|
|
-------- |
|
------- |
|
Shareholders funds |
|
(
55,798) |
|
3,587 |
|
|
-------- |
|
------- |
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
White's Property Services Ltd |
|
|
Statement of Financial Position (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
22 September 2025
, and are signed on behalf of the board by:
Company registration number:
09336413
|
White's Property Services Ltd |
|
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6-8 Carlisle Street, Goole, East Yorkshire, DN14 5DX.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it, and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. The Statement of Financial Position at 31 December 2024 shows net liabilities of £55,798. The director has provided loan finance to the company in the sum of £498,974. The director has confirmed this support will continue for the foreseeable future and will, where necessary, be increased to enable the company to continue normal trading operations. The accounts are therefore prepared on a going concern basis.
Revenue recognition
Income from rents receivable is recognised in accordance with the agreed terms of the relevant lease agreements.
Current tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Stocks
Stock of properties for resale is valued at the lower of cost and net realisable value. Cost includes all direct expenditure incurred on acquiring and placing properties in an appropriate condition for sale.
Financial instruments
Financial liabilities 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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Accruals |
1,400 |
500 |
|
Director loan accounts |
498,974 |
498,974 |
|
---------- |
---------- |
|
500,374 |
499,474 |
|
---------- |
---------- |
|
|
|
6.
Related party transactions
During the year a
director
made a loan
to the company. The balance due to the director at 31 December 2024 was £ 498,974
(2023: £498,974). No interest was charged on the loan in the year and the balance is repayable on demand.