REGISTERED NUMBER: 13283294 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

BPSWHITE PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B White

Mrs S White

REGISTERED OFFICE:

60 Monastery Drive

Solihull

West Midlands

B91 1DW

REGISTERED NUMBER:

13283294 (England and Wales)

ACCOUNTANTS:

Michael Heaven & Associates Limited

Chartered Certified Accountants

47 Calthorpe Road

Edgbaston

BIRMINGHAM

B15 1TH

BANKERS:

Metro Bank PLC

1 Southampton Row

London

WC1B 5HA

INCORPORATION:

22nd March 2021

FIXED ASSETS

Tangible assets

4

4,746

6,328

Investment property

5

160,000

160,000

164,746

166,328

CURRENT ASSETS

Debtors

1,223

2,855

Cash at bank

3,006

48,984

4,229

51,839

CREDITORS

Amounts falling due within one year

76,002

113,631

NET CURRENT LIABILITIES

(71,773

)

(61,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,973

104,536

CREDITORS

Amounts falling due after more than one year

6

112,013

112,013

NET LIABILITIES

(19,040

)

(7,477

)

CAPITAL AND RESERVES

Called up share capital

9

2

2

Undistributable revenue

reserve

12,362

12,362

Retained earnings

(31,404

)

(19,841

)

SHAREHOLDERS' FUNDS

(19,040

)

(7,477

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

Mr B White - Director

Mrs S White - Director

1.	STATUTORY INFORMATION

BPSWhite 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.

Going concern

At the year end the company shows an insolvent balance sheet. The company meets it day to day working capital requirements through the support of its directors who has undertaken that this support will not be withdrawn within twelve months from the date of signature of these financial statements. On this basis the directors consider it appropriate to prepare these accounts on a going concern basis.

Turnover

Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Investment property

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans from related parties.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st April 2024

and 31st March 2025

15,000

DEPRECIATION

At 1st April 2024

8,672

Charge for year

1,582

At 31st March 2025

10,254

NET BOOK VALUE

At 31st March 2025

4,746

At 31st March 2024

6,328

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2024

and 31st March 2025

160,000

NET BOOK VALUE

At 31st March 2025

160,000

At 31st March 2024

160,000

Fair value at 31st March 2025 is represented by:

£

Valuation in 2024

12,362

Cost

147,638

160,000

In the director's opinion the current carrying value of the investment property is reflective of it's current market value.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable otherwise than by instalments

Mortgages

112,013

112,013

7.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgages

112,013

112,013

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgages

112,013

112,013

There is a fixed charge over the company in relation to the mortgage including a charge against the investment property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

10.	RELATED PARTY DISCLOSURES

At the year end the amount due to the directors totalled £71,908 (2024 £111,122 ). The loan is interest free and repayable upon demand.