Company No: 06888070 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,170,199		1,115,320
Investments	4	202,674		202,574
		1,372,873		1,317,894
Current assets
Stocks	5	3,960		7,435
Debtors	6	944,494		214,479
Cash at bank and in hand		222,838		277,554
		1,171,292		499,468
Creditors: amounts falling due within one year	7	( 521,216)		( 309,286)
Net current assets		650,076		190,182
Total assets less current liabilities		2,022,949		1,508,076
Creditors: amounts falling due after more than one year	8	( 840,682)		( 485,748)
Provision for liabilities		( 70,695)		( 52,912)
Net assets		1,111,572		969,416
Capital and reserves
Called-up share capital	9	1,000		1,000
Profit and loss account		1,110,572		968,416
Total shareholder's funds		1,111,572		969,416

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of White Cloud Laundry and Linen Services Ltd (registered number: 06888070) were approved and authorised for issue by the Director on 16 September 2025. They were signed on its behalf by:

R M Hitchins 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

White Cloud Laundry and Linen Services Ltd (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:
The Laundry
Little Treviscoe
St Austell
PL26 7QN
United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	20 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	26		26

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 May 2024	964,393		417,443		87,136		175,869		1,644,841
Additions	5,000		106,832		22,500		20,036		154,368
At 30 April 2025	969,393		524,275		109,636		195,905		1,799,209
Accumulated depreciation
At 01 May 2024	58,351		290,125		67,219		113,826		529,521
Charge for the financial year	16,387		31,478		4,979		46,645		99,489
At 30 April 2025	74,738		321,603		72,198		160,471		629,010
Net book value
At 30 April 2025	894,655		202,672		37,438		35,434		1,170,199
At 30 April 2024	906,042		127,318		19,917		62,043		1,115,320

Leased assets
Included within the net book value of tangible fixed assets is £118,083 (2024 - £34,813 ) in respect of assets held under finance leases and similar hire purchase contracts. Depreciation for the year on these assets was £12,821 (2024 - £8,875).

4. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 May 2024	202,574
Additions	100
At 30 April 2025	202,674
Carrying value at 30 April 2025	202,674
Carrying value at 30 April 2024	202,574

Padstow Laundry Limited.

The principal activity of Padstow Laundry Limited is the provision of laundry services.

Atlantic Laundry & Linen Services Limited.

The principal activity of Atlantic Laundry & Linen Services Limited is the provision of laundry services.

5. Stocks

	2025		2024
	£		£
Stocks	3,960		7,435

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

6. Debtors

	2025		2024
	£		£
Trade debtors	153,789		186,502
Amounts owed by Parent undertakings	518,387		0
Amounts owed by connected companies	229,830		0
Other debtors	42,488		27,977
	944,494		214,479

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	93,791		19,728
Trade creditors	46,642		28,425
Amounts owed to related parties	207,707		16,376
Taxation and social security	18,350		93,619
Obligations under finance leases and hire purchase contracts	48,931		13,635
Other creditors	105,795		137,503
	521,216		309,286

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	789,177		468,796
Obligations under finance leases and hire purchase contracts	51,505		16,952
	840,682		485,748

The borrowings are secured by charges over the company assets held by the company bankers.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

10. Ultimate controlling party

Parent Company:

White Cloud Holdings Limited

The Laundry Little Treviscoe St Austell Cornwall United Kingdom PL26 7QN

White Cloud Holdings Limited owns 100% of the share capital. The ultimate controlling party is Mr R M Hitchins the director who owns 66% of the ordinary share capital of White Cloud Holdings Limited.