Company registration number SC463111 (Scotland)
Whitehills Estates Limited
unaudited financial statements
for the year ended 30 November 2025
Pages for filing with registrar
Whitehills Estates Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Whitehills Estates Limited
Balance sheet
as at 30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,231,499
2,259,244
Current assets
Stocks
67,000
56,860
Debtors
4
48,816
48,851
Cash at bank and in hand
45,144
29,737
160,960
135,448
Creditors: amounts falling due within one year
5
(23,702)
(28,009)
Net current assets
137,258
107,439
Total assets less current liabilities
2,368,757
2,366,683
Creditors: amounts falling due after more than one year
6
(530,116)
(507,919)
Net assets
1,838,641
1,858,764
Capital and reserves
Called up share capital
1,895,000
1,895,000
Profit and loss reserves
(56,359)
(36,236)
Total equity
1,838,641
1,858,764
Whitehills Estates Limited
Balance sheet (continued)
as at 30 November 2025
- 2 -

For the financial year ended 30 November 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 directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 March 2026 and are signed on its behalf by:
Jonathan Weir
Director
Company registration number SC463111 (Scotland)
Whitehills Estates Limited
Notes to the Financial Statements
for the year ended 30 November 2025
- 3 -
1
Accounting policies
Company information

Whitehills Estates Limited is a private company limited by shares incorporated in Scotland. The registered office is Suite 5.3 Kirkstane House, 139 St Vincent Street, Glasgow, Scotland, G2 5JF.

1.1
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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Nil
Plant and equipment
20% Straight line
Computers
20% Straight line
Motor vehicles
20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Whitehills Estates Limited
Notes to the Financial Statements (continued)
for the year ended 30 November 2025
1
Accounting policies (continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
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.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Whitehills Estates Limited
Notes to the Financial Statements (continued)
for the year ended 30 November 2025
1
Accounting policies (continued)
- 5 -
1.11
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

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

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 December 2024
2,140,571
197,442
2,741
4,297
2,345,051
Additions
-
0
4,027
-
0
-
0
4,027
Disposals
-
0
(8,500)
-
0
-
0
(8,500)
At 30 November 2025
2,140,571
192,969
2,741
4,297
2,340,578
Depreciation and impairment
At 1 December 2024
-
0
83,398
548
1,861
85,807
Depreciation charged in the year
-
0
30,365
548
859
31,772
Eliminated in respect of disposals
-
0
(8,500)
-
0
-
0
(8,500)
At 30 November 2025
-
0
105,263
1,096
2,720
109,079
Carrying amount
At 30 November 2025
2,140,571
87,706
1,645
1,577
2,231,499
At 30 November 2024
2,140,571
114,044
2,193
2,436
2,259,244
Whitehills Estates Limited
Notes to the Financial Statements (continued)
for the year ended 30 November 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,200
Other debtors
48,816
47,651
48,816
48,851
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
770
1,540
Trade creditors
412
3,759
Taxation and social security
-
0
135
Other creditors
22,520
22,575
23,702
28,009

Held in other creditors is a hire purchase liability of £17,833 (202 4 - £17,908). Hire purchase liabilities are secured against the assets to which they relate.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
770
Other creditors
530,116
507,149
530,116
507,919

Held in other creditors is a hire purchase liability of £12,510 (202 4 - £30,343). Hire purchase liabilities are secured against the assets to which they relate.

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