REGISTERED NUMBER: 03489757 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

WHITERING LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I M Lerner

Mrs A Lerner

SECRETARY:

Mrs A Lerner

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

03489757 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

4

2,690,032

2,690,032

CURRENT ASSETS

Debtors

5

432,623

463,516

Cash at bank and in hand

149,155

218,095

581,778

681,611

CREDITORS

Amounts falling due within one year

6

(38,949

)

(44,899

)

NET CURRENT ASSETS

542,829

636,712

TOTAL ASSETS LESS CURRENT LIABILITIES

3,232,861

3,326,744

CREDITORS

Amounts falling due after more than one year

7

(2,136,567

)

(2,164,170

)

NET ASSETS

1,096,294

1,162,574

CAPITAL AND RESERVES

Called up share capital

9

100

100

Revaluation reserve

10

45,369

45,369

Retained earnings

10

1,050,825

1,117,105

SHAREHOLDERS' FUNDS

1,096,294

1,162,574

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 directors acknowledge their 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 Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

Mrs A Lerner - Director

I M Lerner - Director

1.	STATUTORY INFORMATION

Whitering 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.

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.

Depreciation

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 2 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

2,690,032

NET BOOK VALUE

At 31 January 2025

2,690,032

At 31 January 2024

2,690,032

Fair value at 31 January 2025 is represented by:

£

Valuation in 2017

45,369

Cost

2,644,663

2,690,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

54,351

33,244

Other debtors

378,272

430,272

432,623

463,516

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

-

1

Taxation and social security

2,381

4,278

Other creditors

36,568

40,620

38,949

44,899

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

2,136,567

2,164,170

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,136,567

2,164,170

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

2,136,567

2,164,170

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

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 February 2024

1,117,105

45,369

1,162,474

Deficit for the year

(56,680

)

(56,680

)

Dividends

(9,600

)

(9,600

)

At 31 January 2025

1,050,825

45,369

1,096,194