REGISTERED NUMBER: 05687053 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WHITEWAY PROPERTIES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J Schreiber

SECRETARY:

Mrs S Reisner

REGISTERED OFFICE:

20 Ashtead Road

Stamford Hill

London

E5 9BH

REGISTERED NUMBER:

05687053 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

129

152

Investment property

5

1,100,000

950,000

1,100,129

950,152

CURRENT ASSETS

Debtors

6

174,433

167,000

Investments

7

33,866

33,866

Cash at bank

4,990

582

213,289

201,448

CREDITORS

Amounts falling due within one year

8

(795,399

)

(692,434

)

NET CURRENT LIABILITIES

(582,110

)

(490,986

)

TOTAL ASSETS LESS CURRENT LIABILITIES

518,019

459,166

CREDITORS

Amounts falling due after more than one year

9

(5,627

)

(48,134

)

PROVISIONS FOR LIABILITIES

(14,286

)

-

NET ASSETS

498,106

411,032

CAPITAL AND RESERVES

Called up share capital

11

1

1

Revaluation reserve

12

323,242

266,099

Retained earnings

12

174,863

144,932

SHAREHOLDERS' FUNDS

498,106

411,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 28 October 2025 and were signed by:

J Schreiber - Director

1.	STATUTORY INFORMATION

Whiteway Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2024

and 31 January 2025

2,802

DEPRECIATION

At 1 February 2024

2,650

Charge for year

23

At 31 January 2025

2,673

NET BOOK VALUE

At 31 January 2025

129

At 31 January 2024

152

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

950,000

Additions

78,571

Revaluations

71,429

At 31 January 2025

1,100,000

NET BOOK VALUE

At 31 January 2025

1,100,000

At 31 January 2024

950,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2015

266,099

Valuation in 2025

71,429

Cost

762,472

1,100,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

174,433

167,000

7.	CURRENT ASSET INVESTMENTS

31.1.25

31.1.24

£

£

Unlisted investments

33,866

33,866

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

19,500

-

Taxation and social security

8,272

1,886

Other creditors

767,627

690,548

795,399

692,434

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

5,627

48,134

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Building society mortgage

5,627

48,134

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

5,627

48,134

The mortgage is secured by a first charge over the company's investment properties and bear interest at variable rates.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

1

Ordinary

1

1

1

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2024

144,932

266,099

411,031

Profit for the year

87,074

87,074

Revaluation reserve

(57,143

)

57,143

-

At 31 January 2025

174,863

323,242

498,105

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Schreiber.