Whitfield Finance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09484477 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Whitfield Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D K Whitfield

REGISTERED OFFICE:

Suite 5, The Old Granary

Oakington Road

Westwick

Cambridge

Cambridgeshire

CB24 3AR

REGISTERED NUMBER:

09484477 (England and Wales)

CURRENT ASSETS

Debtors

4

16,204,018

16,990,623

Cash at bank

6,210

718,885

16,210,228

17,709,508

CREDITORS

Amounts falling due within one year

5

5,378,848

7,161,303

NET CURRENT ASSETS

10,831,380

10,548,205

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,831,380

10,548,205

CAPITAL AND RESERVES

Called up share capital

1,002

Share premium

6

4,952,998

Retained earnings

6

5,877,380

5,594,205

SHAREHOLDERS' FUNDS

10,831,380

10,548,205

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 17 December 2025 and were signed by:

D K Whitfield - Director

1.	STATUTORY INFORMATION

Whitfield Finance 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents money lending business income receivable

Financial instruments

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 2 (2024 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

671

-

Other debtors

16,203,347

16,990,623

16,204,018

16,990,623

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

2,306

-

Taxation and social security

230,763

151,524

Other creditors

5,145,779

7,009,779

5,378,848

7,161,303

6.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 April 2024

5,594,205

4,952,998

10,547,203

Profit for the year

283,175

At 31 March 2025

5,877,380

4,952,998

10,830,378

7.	RELATED PARTY DISCLOSURES

Other debtors includes balance amounting to £5,725,829 (2024- £5,406,855) is related to Openarch Properties Limited, balance of £4,664,334 (2024- £4,885,458) related to The Whitfield Group Limited, balance of-£2,973,425 ( 2024 -£2,237,820) related to Whitfield Portfolio limited and £7,754,293 related to Westwick Portfolio Ltd where Dennis Whitfield the director is also director of those companies.

Included in creditors is a balance amounting to £5,262,409 (2024- £5,262,409 ) due to Whitfield Property Investment Limited.The director D K Whitfield is also a directors in above mentioned companies.

Interest was charged on loans made by Whitfield Finance Ltd to Openarch Properties Limited (formerly Whitfield Holdings Limited) and The Whitfield Group Limited during the year. The rate of interest was on a commercial and arms length basis.

Whitfield Finance Limited's registered office address is 30a High Street, Over, Cambridgeshire, CB24 5ND.