ACCOUNTS - Final Accounts

Registered number: 03817497

WHITE STAR PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2025

WHITE STAR PROPERTIES LIMITED

REGISTERED NUMBER: 03817497

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,006		1,349
			1,006		1,349
Current assets
Stocks		18,657		-
Debtors: amounts falling due within one year	5	13,601		434
Cash at bank and in hand		41,395		59,735
		73,653		60,169
Creditors: amounts falling due within one year	6	(74,480)		(60,893)
Net current liabilities			(827)		(724)
Total assets less current liabilities			179		625

Net assets			179		625

Capital and reserves
Called up share capital	7	3	3
Profit and loss account		176	622
		179	625

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WHITE STAR PROPERTIES LIMITED

REGISTERED NUMBER: 03817497

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 April 2026.

................................................

M Lee-Dickson

Director

The notes on pages 3 to 6 form part of these financial statements.

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WHITE STAR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.Accounting policies

1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

1.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

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WHITE STAR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.Accounting policies (continued)

1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below.

Depreciation is provided on the following basis:

				Fixtures & fittings	-	20%	Reducing balance
				Office equipment	-	33%	Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

1.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.9

Creditors

Short-term 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.

1.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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WHITE STAR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.	General information

White Star Properties Limited is a private company, limited by shares and incorporated in England.

Its registered number is: 03817497

The address of its registered office is:
Summerfield House
86 Ledborough Lane
Beaconsfield
Buckinghamshire
HP9 2DG

Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2024 - £NIL).

4.	Tangible fixed assets

	Fixtures & fittings	Office equipment	Total
	£	£	£
Cost or valuation
At 1 August 2024	2,805	3,421	6,226
Disposals	-	(2,505)	(2,505)
At 31 July 2025	2,805	916	3,721
Depreciation
At 1 August 2024	1,548	3,329	4,877
Charge for the year on owned assets	251	92	343
Disposals	-	(2,505)	(2,505)
At 31 July 2025	1,799	916	2,715
Net book value
At 31 July 2025	1,006	-	1,006
At 31 July 2024	1,257	92	1,349

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WHITE STAR PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Debtors

					2025	2024
					£	£


Other debtors	13,290	-
Prepayments and accrued income	311	434
	13,601	434

Included within other debtors due within one year is a loan to M Lee-Dickson, a Director, amounting to £13,290 (2024 - £0).

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	414
Corporation tax	53,190	49,458
Other taxation and social security	19,690	9,421
Accruals and deferred income	1,600	1,600
	74,480	60,893

7.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

3 (2024 - 3) Ordinary shares of £1.00 each	3	3

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