REGISTERED NUMBER: 00558783 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

WHITE ROSE FINANCE COMPANY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R Guthrie

P J Guthrie

J Guthrie

M Robson

SECRETARY:

D Beeforth

REGISTERED OFFICE:

Broadland Properties Ltd

137 Scalby Road

Scarborough

YO12 6TB

REGISTERED NUMBER:

00558783 (England and Wales)

FIXED ASSETS

Investments

4

1

1

Investment property

5

5,840,000

2,655,000

5,840,001

2,655,001

CURRENT ASSETS

Debtors

6

228,634

62,370

Investments

7

1,614,090

926,070

Cash at bank

176,089

1,853,958

2,018,813

2,842,398

CREDITORS

Amounts falling due within one year

8

854,316

303,663

NET CURRENT ASSETS

1,164,497

2,538,735

TOTAL ASSETS LESS CURRENT LIABILITIES

7,004,498

5,193,736

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

7,003,898

5,193,136

7,004,498

5,193,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2026 and were signed on its behalf by:

R Guthrie - Director

1.	STATUTORY INFORMATION

White Rose Finance Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going concern

The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 September 2025 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 October 2023.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment properties are initially measured at cost, including transaction costs. After initial recognition investment properties whose fair value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Current asset investments

Current asset investments consists of listed investments. Listed investments are initially measured at cost, including transaction costs. After initial recognition listed investments whose fair value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of listed investments are included in profit or loss in the period in which they arise.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

1

NET BOOK VALUE

At 30 September 2025

1

At 30 September 2024

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

2,655,000

Additions

2,401,129

Revaluations

783,871

At 30 September 2025

5,840,000

NET BOOK VALUE

At 30 September 2025

5,840,000

At 30 September 2024

2,655,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2025

1,122,963

Cost

4,717,037

5,840,000

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

158,369

58,855

Amounts owed by group undertakings

1,800

1,800

Other debtors

26,571

1,715

186,740

62,370

Amounts falling due after more than one year:

Other debtors

41,894

-

Aggregate amounts

228,634

62,370

7.	CURRENT ASSET INVESTMENTS

Total

£

FAIR VALUE

At 1 October 2024

926,070

Additions

127,936

Disposals

(16,188

)

Revaluations

576,272

1,614,090

NET BOOK VALUE

At 30 September 2025

1,614,090

At 30 September 2024

926,070

Fair value at 30 September 2025 is represented by:

£

Valuation in 2025

809,607

Cost

804,483

1,614,090

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

3,619

Taxation and social security

56,627

214,732

Other creditors

797,689

85,312

854,316

303,663

9.	RELATED PARTY DISCLOSURES

Included in debtors are amounts owed by a wholly owned subsidiary. The loan is interest-free and repayable on demand. At the date of these financial statements the balance outstanding, after provision for impairment, is £1,800 (2024 - £1,800).

Included in creditors are loans owing to directors. The loans are interest-free and repayable on demand. At the date of these financial statements the total balances outstanding are £15,639 (2024 - £15,639).