REGISTERED NUMBER: 07391717 (England and Wales)

Audited Financial Statements for the Year Ended 31st March 2025

for

White Leaf Care Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E Bland

W R Whymark

REGISTERED OFFICE:

Unit1, Lancaster Court

Coronation Road

Cressex Business Park

High Wycombe

Buckinghamshire

HP12 3TD

REGISTERED NUMBER:

07391717 (England and Wales)

SENIOR STATUTORY AUDITOR:

S, Paramaguru (FCCA)

INDEPENDENT AUDITORS:

Param & Company Limited

1st Floor

44-50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Tangible assets

4

254,714

283,576

Investments

5

102

102

Investment property

6

4,906,424

4,911,966

5,161,240

5,195,644

CURRENT ASSETS

Debtors

7

365,398

1,269,095

Cash at bank

1,348

14,685

366,746

1,283,780

CREDITORS

Amounts falling due within one year

8

688,684

1,674,740

NET CURRENT LIABILITIES

(321,938

)

(390,960

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,839,302

4,804,684

CREDITORS

Amounts falling due after more than one year

9

(2,238,927

)

(2,286,140

)

PROVISIONS FOR LIABILITIES

(134,402

)

(491,573

)

NET ASSETS

2,465,973

2,026,971

CAPITAL AND RESERVES

Called up share capital

1

1

Revaluation reserve

-

600,000

Retained earnings

2,465,972

1,426,970

SHAREHOLDERS' FUNDS

2,465,973

2,026,971

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2025 and were signed on its behalf by:

W R Whymark - Director

1.	STATUTORY INFORMATION

White Leaf Care 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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Rental income from operating leases is recognised on a straight-line basis over the lease term. Income from services provided to tenants is recognised in the period in which the services are rendered. Revenue from the sale of investment property is recognised when the risks and rewards of ownership have transferred to the buyer.

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

-

20% Straight line on cost and 10% Straight line on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

and 31st March 2025

287,543

DEPRECIATION

At 1st April 2024

3,967

Charge for year

28,862

At 31st March 2025

32,829

NET BOOK VALUE

At 31st March 2025

254,714

At 31st March 2024

283,576

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2024

and 31st March 2025

102

NET BOOK VALUE

At 31st March 2025

102

At 31st March 2024

102

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

4,911,966

Revaluations

(5,542

)

At 31st March 2025

4,906,424

NET BOOK VALUE

At 31st March 2025

4,906,424

At 31st March 2024

4,911,966

Fair value at 31st March 2025 is represented by:

£

Valuation in 2022

620,000

Valuation in 2023

180,000

Valuation in 2025

(5,542

)

Cost

4,111,966

4,906,424

Investment property was valued on an open market basis on 6th October 2023 by Knight Frank LLP .

A further valuation of a single investment property was carried out on an open market basis on 10th March 2025 by Appraisers UK.

The directors have considered the valuation at 1st March 2025 and consider that there is no material difference to the carrying value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

14,981

16,724

Amounts owed by group undertakings

350,417

1,252,371

365,398

1,269,095

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans and overdrafts

212,761

209,560

Trade creditors

129,055

65,689

Amounts owed to group undertakings

248,944

1,338,503

Taxation and social security

66,162

46,650

Other creditors

31,762

14,338

688,684

1,674,740

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loans

2,238,927

2,286,140

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,661,519

1,664,580

10.	SECURED DEBTS

Included within bank loans are loans totalling £ 2,451,688 (2023: £ 2,495,700) which are secured by a legal charge over the investment properties of the company.

A loan of £ 2,282,938 (2023: £2,326,950) is subject to an annual interest rate of 2.20% above base rate.

A loan of £ 168,750 (2023: £168,750) is subject to a monthly interest charge of 0.95% per month and is repayable in full within the next twelve months.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S, Paramaguru (FCCA) (Senior Statutory Auditor)

for and on behalf of Param & Company Limited

12.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is The Coin Group Limited, which prepares group financial statements. The registered office of The Coin Group Limited is Unit 1 Lancaster Court, Coronation Road, Cressex Business Park. High Wycombe. Buckinghamshire. HP12 3TD.