WHITE HOLDINGS LIMITED


Directors	B J White
	H White


Company Secretary	H White


Registered Address	C/O Ratpak Engineering Limited
	Moor Lane Thorpe On The Hill
	Lincoln
	LN6 9BW


Registered Number	04426640 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		935,142		941,388
Investments	4		200		200
			935,342		941,588
Current assets
Debtors	5	207,276		67,389
Cash at bank and on hand		5,062		1,142
		212,338		68,531
Creditors amounts falling due within one year	6	(123,161)		(502,697)
Net current assets (liabilities)			89,177		(434,166)
Total assets less current liabilities			1,024,519		507,422
Creditors amounts falling due after one year	7		(494,905)		-
Provisions for liabilities	8		(92,902)		(93,909)
Net assets			436,712		413,513
Capital and reserves
Called up share capital			100		100
Revaluation reserve			409,273		409,273
Profit and loss account			27,339		4,140
Shareholders' funds			436,712		413,513

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 4 January 2026, and are signed on its behalf by:

H White
Director
Registered Company No. 04426640

WHITE HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Fixtures and fittings	15
	Vehicles	25

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 August 24	900,000	194,882	6,469	16,670	1,118,021
At 31 July 25	900,000	194,882	6,469	16,670	1,118,021
Depreciation and impairment
At 01 August 24	-	156,471	6,099	14,063	176,633
Charge for year	-	5,762	93	391	6,246
At 31 July 25	-	162,233	6,192	14,454	182,879
Net book value
At 31 July 25	900,000	32,649	277	2,216	935,142
At 31 July 24	900,000	38,411	370	2,607	941,388

4.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 August 24	200	200
At 31 July 25	200	200
Net book value
At 31 July 25	200	200
At 31 July 24	200	200

	Notes
	¹Investments in group undertakings and participating interests

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	113,022	-
Other debtors	94,254	67,389
Total	207,276	67,389

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	18,831	-
Amounts owed to related parties	8,531	393,682
Taxation and social security	29,199	4,552
Other creditors	65,209	103,072
Accrued liabilities and deferred income	1,391	1,391
Total	123,161	502,697


	The bank borrowings are a secured creditor

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	494,905	-
Total	494,905	-


	The bank borrowings are a secured creditor

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	92,902	93,909
Total	92,902	93,909

9.	Related party transactions
	Rat Pak Engineering Limited A loan account exists between the company and its subsidiary, Rat Pak Engineering Limited. At the balance sheet date £113,022 was owed by Rat Pak Engineering Limited (2024 - £385,151 credit). County Coatings Limited A loan account exists between the company and its subsidiary, County Coatings Limited. At the balance sheet date £8,531 was owed to County Coatings Limited (2024 - £8,531). H White - Director There was a loan to the director, on which interest at the HMRC official rate was charged. During the year, interest totalled £1,755 (2024 - £750). At the balance sheet date, the amount due from H White was £70,470 (2024 - £67,389)

Related party transactions

Rat Pak Engineering Limited
A loan account exists between the company and its subsidiary, Rat Pak Engineering Limited. At the balance sheet date £113,022 was owed by Rat Pak Engineering Limited (2024 - £385,151 credit).

County Coatings Limited
A loan account exists between the company and its subsidiary, County Coatings Limited. At the balance sheet date £8,531 was owed to County Coatings Limited (2024 - £8,531).

H White - Director
There was a loan to the director, on which interest at the HMRC official rate was charged. During the year, interest totalled £1,755 (2024 - £750). At the balance sheet date, the amount due from H White was £70,470 (2024 - £67,389)