REGISTERED NUMBER: 07975459 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

PAUL WHITE HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P White

REGISTERED OFFICE:

85 Great Portland Street

First Floor

London

W1W 7LT

REGISTERED NUMBER:

07975459 (England and Wales)

ACCOUNTANTS:

Cox & Co. (Accountancy) Limited

Chartered Accountants

The Granary

High Street

Turvey

Bedford

Bedfordshire

MK43 8DB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

20,921

27,895

Investments

6

200

1,094,976

21,121

1,122,871

CURRENT ASSETS

Stocks

33,333

33,333

Debtors

7

1,102,077

1,212,503

Cash at bank

45,356

250,036

1,180,766

1,495,872

CREDITORS

Amounts falling due within one year

8

2,143,199

2,801,209

NET CURRENT LIABILITIES

(962,433

)

(1,305,337

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(941,312

)

(182,466

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(941,412

)

(182,566

)

SHAREHOLDERS' FUNDS

(941,312

)

(182,466

)

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 10 July 2025 and were signed by:

P White - Director

1.	STATUTORY INFORMATION

Paul White Holdings 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

The Director, Mr P White has confirmed that he will continue to support the company, for a period of at least 12 months, from the date the Financial Statements are signed. The Director therefore considers the company is a going concern and the Financial Statements are prepared on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Paul White Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

The purchase goodwill from the year 2014 of £37,000 has been fully written off over the first 5 years from acquisition. The net book value of goodwill in the accounts at 31 March 2024 is £Nil (2023: £Nil).

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

37,000

AMORTISATION

At 1 April 2024

and 31 March 2025

37,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

81,570

DEPRECIATION

At 1 April 2024

53,675

Charge for year

6,974

At 31 March 2025

60,649

NET BOOK VALUE

At 31 March 2025

20,921

At 31 March 2024

27,895

6.	FIXED ASSET INVESTMENTS

Paul White Holdings Ltd acquired a 100% shareholding in Pip Bayleys Ltd in 2022 for the sum of £2,294,406.The Director considered an impairment of £600,000, per annum, was required to represent fair value of the Investment value at the balance sheet date.The investment was disposed of during the year to 31 March 2025, for an amount of £320,000.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

42,707

Other debtors

1,102,077

1,169,796

1,102,077

1,212,503

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

52,121

81,261

Amounts owed to group undertakings

971,000

932,500

Taxation and social security

62,053

80,242

Other creditors

1,058,025

1,707,206

2,143,199

2,801,209

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P White

Balance outstanding at start of year

812,719

681,169

Amounts advanced

-

131,550

Amounts repaid

(812,719

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

812,719

There was a balance outstanding to Director, Mr P White, at 31 March 2024, which Mr White repaid in full, during the year ended 31 March 2025.

10.	RELATED PARTY DISCLOSURES

There was an amount owing to Strata Logistics Ltd (which is a company controlled by Director Mr P White), of £886,000, at the year end 31 March 2024, which was repaid in full during the year ended 31 March 2025. There is no balance owing to Strata Logistics Ltd at the year end 31 March 2025.

The investment in Strata Commercials Ltd, was sold to Harry Investments Ltd, a company wholly owned by Mrs A White, the Spouse of Mr P White, during the year ended 31 March 2025, on an arms length basis, for the amount of £320,000.