| Whitebirk Finance Limited |
| Registered number: |
01614321 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
9,365 |
|
|
14,354 |
| Investment Properties |
4 |
|
|
2,800,000 |
|
|
2,800,000 |
|
|
|
|
2,809,365 |
|
|
2,814,354 |
|
| Current assets |
| Debtors |
5 |
|
798,948 |
|
|
506,842 |
| Cash at bank and in hand |
|
|
300,559 |
|
|
529,933 |
|
|
|
1,099,507 |
|
|
1,036,775 |
|
| Creditors: amounts falling due within one year |
6 |
|
(82,467) |
|
|
(730,810) |
|
| Net current assets |
|
|
|
1,017,040 |
|
|
305,965 |
|
| Total assets less current liabilities |
|
|
|
3,826,405 |
|
|
3,120,319 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(2,611,068) |
|
|
(2,075,984) |
|
| Provisions for liabilities |
|
|
|
(270,000) |
|
|
(270,000) |
|
|
| Net assets |
|
|
|
945,337 |
|
|
774,335 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
5,000 |
|
|
5,000 |
| Profit and loss account |
|
|
|
940,337 |
|
|
769,335 |
|
| Shareholders' funds |
|
|
|
945,337 |
|
|
774,335 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| HA Cann |
| Director |
| Approved by the board on 19 May 2026 |
|
| Whitebirk Finance Limited |
| Notes to the Accounts |
| for the year ended 31 August 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of head office management services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings and office equipment |
over 10 years |
|
|
Investment properties |
|
Investment property is carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields from comparable real estate adjusted as necessary. No depreciation is provided. Changes in fair value are recognised in profit or loss. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
4 |
|
4 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office fixtures & equipment |
| £ |
|
Cost |
|
At 1 September 2024 |
278,674 |
|
Additions |
378 |
|
At 31 August 2025 |
279,052 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2024 |
264,320 |
|
Charge for the year |
5,367 |
|
At 31 August 2025 |
269,687 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2025 |
9,365 |
|
At 31 August 2024 |
14,354 |
|
|
| 4 |
Investments |
| Investment |
| properties |
| £ |
|
Cost |
|
At 1 September 2024 |
2,800,000 |
|
|
At 31 August 2025 |
2,800,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 September 2024 |
1,602,165 |
|
At 31 August 2025 |
1,602,165 |
|
|
|
|
|
|
|
|
|
|
The properties were valued in November 2022 by an independent commercial property consultant on the basis of market value subject to any existing tenancies. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
56,560 |
|
89,663 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
450,083 |
|
255,083 |
|
Other debtors |
292,305 |
|
162,096 |
|
|
|
|
|
|
798,948 |
|
506,842 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
255,083 |
|
255,083 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
22,388 |
|
19,050 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
655,083 |
|
Taxation and social security costs |
(302) |
|
(2,389) |
|
Other creditors |
60,381 |
|
59,066 |
|
|
|
|
|
|
82,467 |
|
730,810 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
2,611,068 |
|
2,075,984 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Profit and loss |
|
|
The profit and loss account includes the cumulative retained earnings of the company comprising both distributable and non-distributable reserves. |
|
Included within the profit and loss reserve are cumulative unrealised gains on revaluation of investment properties, net of associated deferred tax provision, amounting to £2,306,468 (2024: £2,306,468.). |
|
| 9 |
Other information |
|
|
Whitebirk Finance Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Bowland House |
|
Philips Road |
|
Blackburn |
|
Lancashire |
|
BB1 5NA |