REGISTERED NUMBER: 02871500 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WHITE PROPERTIES (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A G Dibbo

SECRETARY:

D Woodstock

REGISTERED OFFICE:

St James House

46 High Street

Amersham

Buckinghamshire

HP7 ODJ

REGISTERED NUMBER:

02871500 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

4

1,425,000

1,425,000

CURRENT ASSETS

Debtors

5

65,000

-

Cash at bank

30,439

101,738

95,439

101,738

CREDITORS

Amounts falling due within one year

6

856,609

868,336

NET CURRENT LIABILITIES

(761,170

)

(766,598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

663,830

658,402

PROVISIONS FOR LIABILITIES

7

68,085

68,085

NET ASSETS

595,745

590,317

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

59,000

59,000

Retained earnings

535,745

530,317

SHAREHOLDERS' FUNDS

595,745

590,317

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 20 October 2025 and were signed by:

A G Dibbo - Director

1.	STATUTORY INFORMATION

White Properties (UK) 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.

The accounts have been prepared on a going concern basis due to the ongoing financial support of the director.

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.

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.

Tangible fixed assets

The Company's only fixed assets are domestic dwellings which are rented. These properties are maintained to a high standard and accordingly the Director considers depreciating them inappropriate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,425,000

NET BOOK VALUE

At 31 March 2025

1,425,000

At 31 March 2024

1,425,000

Land and buildings were revalued by the director in 2021 and any surplus on revaluation has been posted to the Income Statement for the year. The director considers that the 2021 valuation is still appropriate at 2025. The cost of the Land and buildings is £1,152,661.

Revaluation of property has created a surplus, after deferred taxation, of £204,254 (2024: £204,254). This surplus is included in Retained earnings but is not distributable.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by group undertakings

65,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Owed to related parties

819,835

671,336

Taxation and social security

1,274

-

Other creditors & accruals

35,500

197,000

856,609

868,336

7.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

68,085

68,085

Deferred

tax

£

Balance at 1 April 2024

68,085

Balance at 31 March 2025

68,085

Deferred tax provision relates to the revaluation of Land and buildings.

8.	RELATED PARTY DISCLOSURES

Baron Estates Limited is the parent company by virtue of its ownership of 100% of the issued share capital. The company are owed £65,000 by Baron Estates Limited in 2025. This balance is included within amounts owed by group companies.

A G Dibbo Settlement is the controlling party of the company by virtue of its 100% ownership of Baron Estates Limited. At the year end the balance due to A G Dibbo Settlement was £38,890 (2024: £59,890). This balance is included within amounts owed to related parties.

A G Dibbo, the director of the company, has lent the company £248,458 (2024: £355,260). There is no fixed repayment date, the loan is interest free and is included in amounts owed to related parties.

Dibbo Limited, a company under common control, has lent the company £532,487 (2024: £256,185). This balance is included within amounts owed to related parties.