Company registration number 11061923 (England and Wales)
WHATELY (PROP) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
WHATELY (PROP) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WHATELY (PROP) LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
5,500,000
5,500,000
Current assets
Debtors
4
917,768
365,806
Cash at bank and in hand
2,956
2,956
920,724
368,762
Creditors: amounts falling due within one year
5
(4,842,865)
(4,395,095)
Net current liabilities
(3,922,141)
(4,026,333)
Total assets less current liabilities
1,577,859
1,473,667
Provisions for liabilities
(104,500)
(104,500)
Net assets
1,473,359
1,369,167
Capital and reserves
Called up share capital
100
100
Revaluation reserve
313,500
313,500
Other reserves
2,341,287
2,341,287
Profit and loss reserves
(1,181,528)
(1,285,720)
Total equity
1,473,359
1,369,167

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 31 December 2025
Miss N M Shah
Director
Company registration number 11061923 (England and Wales)
WHATELY (PROP) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Whately (Prop) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Tulip House Amory Towers 205 Marsh Wall, Canary Wharf, London, United Kingdom, E14 9TW and it changed its year end from 30 November 2023 to 31 March 2024.

1.1
Reporting period

The accounts cover the period from 1st April 2024 to 31st March 2025.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

These financial statements for the year ended 31 March 2025 are financial statements of Whately (Prop) Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.3
Turnover

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

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments
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.

WHATELY (PROP) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
5,500,000

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
917,768
365,806
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
4,671,785
4,355,977
Taxation and social security
171,080
13,918
Other creditors
-
0
25,200
4,842,865
4,395,095
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