ACCOUNTS - Final Accounts preparation

Company Registration No. 10981721 (England and Wales)

J WHYTE PROPERTIES LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025


J WHYTE PROPERTIES LTD REGISTERED NUMBER:10981721

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		258,965		258,965
			258,965		258,965
Current assets
Cash at bank		7,504		17,851
		7,504		17,851
Creditors: amounts falling due within one year		(116,738)		(126,796)
Net current liabilities			(109,234)		(108,945)
Total assets less current liabilities			149,731		150,020
Creditors: amounts falling due after more than one year			(145,863)		(145,863)

Net assets			3,868		4,157

Capital and reserves
Called up share capital	1	1
Profit and loss account	3,867	4,156
	3,868	4,157

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J WHYTE PROPERTIES LTD REGISTERED NUMBER:10981721

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 November 2025.

___________________________

John Whyte

Director

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J WHYTE PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

J Whyte Properties Ltd is a private company limited by shares incorporated in England and Wales. the registered office is 167 Garth Road, Morden, England SM4 4LF.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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J WHYTE PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of any impairment losses.
The directors are of the opinion that fair value cannot be achieved without undue cost or effort, therefore, investment properties are accounted for as property, plant and equipment.
Freehold land and buildings are maintained to ensure that their values do not diminish over time. The maintenance cost are charged to the statement of income as incurred. In the director's opinion, depreciation would be immaterial and has not been charged.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

4.	Property, plant and equipment

		Land and buildings
		£
	Cost or valuation
	At 1 April 2024	258,965
	At 31 March 2025	258,965

	Net book value
	At 31 March 2025	258,965
	At 31 March 2024	258,965

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