REGISTERED NUMBER: 07880638 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WHITES PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A White

REGISTERED OFFICE:

Unit D

Shilton Industrial Estate

Coventry

CV7 9QL

REGISTERED NUMBER:

07880638 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Tangible assets

4

4,549,191

4,549,191

CURRENT ASSETS

Debtors

5

(8,520

)

38,333

Cash at bank

13,930

15,891

5,410

54,224

CREDITORS

Amounts falling due within one year

6

1,201,562

1,174,963

NET CURRENT LIABILITIES

(1,196,152

)

(1,120,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,353,039

3,428,452

CREDITORS

Amounts falling due after more than one year

7

2,434,879

2,439,420

NET ASSETS

918,160

989,032

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

884,497

884,497

Retained earnings

33,463

104,335

918,160

989,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 23 September 2025 and were signed by:

J A White - Director

1.	STATUTORY INFORMATION

Whites Properties Limited 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 January 2024

and 31 December 2024

4,549,191

NET BOOK VALUE

At 31 December 2024

4,549,191

At 31 December 2023

4,549,191

Included in cost of land and buildings is freehold land of £ 4,549,191 (2023 - £ 4,549,191 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

(21,516

)

38,328

Other debtors

12,996

5

(8,520

)

38,333

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

61,143

118,101

Trade creditors

2,016

27,805

Taxation and social security

849

3,267

Other creditors

1,137,554

1,025,790

1,201,562

1,174,963

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,434,879

2,439,420