REGISTERED NUMBER: 02443308 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Whitebridge Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C J Baines

SECRETARY:

Miss M E Darby

REGISTERED OFFICE:

Whitebridge Industrial Estate

Whitebridge Lane

Stone

Staffordshire

ST15 8LQ

REGISTERED NUMBER:

02443308 (England and Wales)

ACCOUNTANTS:

Paterson Brodie Limited

Chartered Certified Accountants

Cliveden Chambers

Cliveden Place

Longton

Stoke-on-Trent

Staffordshire

ST3 4JB

FIXED ASSETS

Tangible assets

4

205,775

219,124

Investment property

5

97,389

97,389

303,164

316,513

CURRENT ASSETS

Debtors

6

210,744

230,191

Cash at bank and in hand

372,393

466,293

583,137

696,484

CREDITORS

Amounts falling due within one year

7

275,884

472,946

NET CURRENT ASSETS

307,253

223,538

TOTAL ASSETS LESS CURRENT LIABILITIES

610,417

540,051

PROVISIONS FOR LIABILITIES

8

7,208

8,458

NET ASSETS

603,209

531,593

CAPITAL AND RESERVES

Called up share capital

9

750

750

Capital redemption reserve

10

250

250

Retained earnings

10

602,209

530,593

SHAREHOLDERS' FUNDS

603,209

531,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 7 October 2025 and were signed by:

C J Baines - Director

1.	STATUTORY INFORMATION

Whitebridge 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.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.

Where services are only partially provided for at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

at varying rates on cost

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Office equipment

-

20% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

Office

leasehold

property

machinery

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

474,887

45,900

110,414

18,765

649,966

Additions

-

-

565

304

869

At 31 March 2025

474,887

45,900

110,979

19,069

650,835

DEPRECIATION

At 1 April 2024

289,598

33,459

93,037

14,748

430,842

Charge for year

8,347

2,314

2,692

865

14,218

At 31 March 2025

297,945

35,773

95,729

15,613

445,060

NET BOOK VALUE

At 31 March 2025

176,942

10,127

15,250

3,456

205,775

At 31 March 2024

185,289

12,441

17,377

4,017

219,124

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

and 31 March 2025

97,389

NET BOOK VALUE

At 31 March 2025

97,389

At 31 March 2024

97,389

The investment property is stated in the accounts at cost price. The directors consider that this is a fair approximation of the property's current market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Sundry debtors and prepayments

196,501

214,454

Amounts owed by group undertakings

2,679

5,061

Prepayments

11,564

10,676

210,744

230,191

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

112,824

188,645

Tax

45,905

47,867

Social security and other taxes

3,793

3,217

VAT

14,690

8,055

Other creditors

27,491

24,407

Accruals and deferred income

37,451

34,185

Accrued expenses

33,730

166,570

275,884

472,946

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

7,208

8,458

Deferred

tax

£

Balance at 1 April 2024

8,458

Provided during year

(1,250

)

Balance at 31 March 2025

7,208

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

750

Ordinary

£1

750

750

10.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 April 2024

530,593

250

530,843

Profit for the year

125,616

125,616

Dividends

(54,000

)

(54,000

)

At 31 March 2025

602,209

250

602,459

11.	RELATED PARTY DISCLOSURES

The company manages the Whitebridge Estate. Whitebridge Estates LLP, which owns the Whitebridge Estate, is jointly owned by Mr C J Baines and members of his close family.

The company charged rent to Whitebridge Estates LLP of £5,000. (2024 - £5,000) for the use of a car park during the year, as well as recharging utilities etc of £779 (2024 - £861). The company also charged Whitebridge Estates LLP a management charge of £1,315 (2024 - £995).

The company was charged £32,875 (2024 - £28,744) during the year for the rent of a unit from Whitebridge Estates LLP.

The outstanding balance due from Whitebridge Estates LLP to the company at the year end was £6,192 (2024 - £6,080). The outstanding balance due from the company to Whitebridge Estates LLP at the year end was £2,740 (2024 - £12,238). In addition, the company owed £3,020 (2024 - £638 owed to the company) to Whitebridge Estates LLP on a loan account which is included within creditors on the balance sheet.