Whyte Properties Investment Ltd

Registered Number: 14684767 Whyte Properties Investment Ltd
Balance Sheet
As at 28 February 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	282,843	150,788
		282,843	150,788
Current assets
Debtors	5	763	1,551
Cash at bank and in hand		1,184	2,117
		1,947	3,668
Creditors: amount falling due within one year	6	(129,573)	(155,355)
Net current assets		(127,626)	(151,687)

Total assets less current liabilities		155,217	(899)
Creditors: amount falling due after more than one year	7	(153,473)	(2,853)
Net assets		1,744	(3,752)

Capital and reserves
Called up share capital		2	2
Profit and loss account		1,742	(3,754)
Shareholders' funds		1,744	(3,752)

For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 28 November 2025 and were signed on its behalf by:

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Mr C L Whyte
Director

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Mrs D L Whyte
Director

Whyte Properties Investment Ltd
Notes to the Financial Statements
For the year ended 28 February 2025

General Information

Whyte Properties Investment Ltd is a private company, limited by shares, registered in England and Wales, registration number 14684767, registration address 12 Tansley Lane, Hornsea, HU18 1TS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises of the rents receivable from properties.

Finance lease and hire purchase charges

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and buildings	0%
Plant and machinery etc	15%

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

3.	Hire purchase contracts The hire purchase contracts are secured on the assets concerned. The amounts outstanding under hire purchase contracts are shown within Creditors: amounts falling due within one year and Creditors: amounts falling due after one year.

Tangible fixed assets

Cost or valuation	Land and buildings	Plant and machinery etc	Total
	£	£	£
At 01 March 2024	130,456	20,853	151,309
Additions	134,935	200	135,135
Disposals	-	-	-
At 28 February 2025	265,391	21,053	286,444
Depreciation
At 01 March 2024	-	521	521
Charge for year	-	3,080	3,080
On disposals	-	-	-
At 28 February 2025	-	3,601	3,601
Net book values
Closing balance as at 28 February 2025	265,391	17,452	282,843
Opening balance as at 01 March 2024	130,456	20,332	150,788

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	654	1,373
Other Debtors	109	178
	763	1,551

Creditors: amount falling due within one year

	2025 £	2024 £
Obligations under HP/Financial Leases	1,902	1,902
Other Creditors	127,671	153,453
	129,573	155,355

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	152,522	-
Obligations under HP/Financial Leases	951	2,853
	153,473	2,853

8.	Related party transactions Included in other creditors is £125,535 (2024 £149,303) owed to the directors of the company.

9.	Security The bank loans are secured by legal charges over the land and buildings of the company.

Registered Number: 14684767
England and Wales
WHYTE PROPERTIES INVESTMENT LTD

Unaudited Financial Statements

Period of accounts Start date: 01 March 2024 End date: 28 February 2025