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Company No: 10007800 (England and Wales)

# WHITEOAKS CAPITAL LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

WHITEOAKS CAPITAL LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

WHITEOAKS CAPITAL LIMITED

## BALANCE SHEET

As at 31 December 2025
WHITEOAKS CAPITAL LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 11,376 |  | 49,572
Investment property | 4 | 9,700,000 |  | 9,700,000
|  | 9,711,376 |  | 9,749,572
Current assets |  |  |  |
Debtors | 5 | 26,896 |  | 83,291
Cash at bank and in hand |  | 220,863 |  | 168,628
|  | 247,759 |  | 251,919
Creditors: amounts falling due within one year | 6 | ( 233,464) |  | ( 52,656)
Net current assets |  | 14,295 |  | 199,263
Total assets less current liabilities |  | 9,725,671 |  | 9,948,835
Creditors: amounts falling due after more than one year | 7 | ( 7,050,676) |  | ( 7,498,229)
Provision for liabilities |  | ( 18,561) |  | 0
Net assets |  | 2,656,434 |  | 2,450,606
Capital and reserves |  |  |  |
Called-up share capital | 8 | 9,000,000 |  | 9,000,000
Profit and loss account |  | ( 6,343,566 ) |  | ( 6,549,394 )
Total shareholder's funds |  | 2,656,434 |  | 2,450,606

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Whiteoaks Capital Limited (registered number: 10007800) were approved and authorised for issue by the Board of Directors on 26 May 2026. They were signed on its behalf by:

MP PD1 UK Ltd Director |

WHITEOAKS CAPITAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
WHITEOAKS CAPITAL LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Whiteoaks Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 40 Berkeley Square, Bristol, BS8 1HP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings | 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 0 |  | 1

#### 3. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 241,113 |  | 241,113
Additions | 608 |  | 608
At 31 December 2025 | 241,721 |  | 241,721
Accumulated depreciation |  |  |
At 01 January 2025 | 191,541 |  | 191,541
Charge for the financial year | 38,804 |  | 38,804
At 31 December 2025 | 230,345 |  | 230,345
Net book value |  |  |
At 31 December 2025 | 11,376 |  | 11,376
At 31 December 2024 | 49,572 |  | 49,572

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 9,700,000
As at 31 December 2025 | 9,700,000

Valuation

The property was independently valued by an external valuer on 3 February 2025. The directors do not consider the valuation of the investment property on this date to be materially different from the valuation at 31 December 2024.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 16,108,730 |  | 16,108,730

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Prepayments | 2,783 |  | 3,911
Deferred tax asset | 0 |  | 53,167
Other debtors | 24,113 |  | 26,213
| 26,896 |  | 83,291

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 184,615 |  | 0
Trade creditors | 15,421 |  | 195
Accruals | 3,738 |  | 4,000
Other taxation and social security | 29,690 |  | 48,460
Other creditors | 0 |  | 1
| 233,464 |  | 52,656

Bank loans are secured by way of fixed and floating charges in favour of Handelsbanken plc.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 4,888,462 |  | 5,336,015
Amounts owed to directors | 9,600 |  | 9,600
Other loans | 2,152,614 |  | 2,152,614
| 7,050,676 |  | 7,498,229

Bank loans are secured by way of fixed and floating charges in favour of Handelsbanken plc.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
7,200,000 Ordinary A shares of £ 1.00 each (2024: 9,000,000 shares of £ 1.00 each) | 7,200,000 |  | 9,000,000
1,800,000 Ordinary B shares of £ 1.00 each (2024: nil shares) | 1,800,000 |  | 0
| 9,000,000 |  | 9,000,000

#### 9. Related party transactions

At the year end the company owed £2,152,614 (2024 - £2,152,614) in respect of a loan from an entity under common control. Interest on the loan is charged at 6% per annum.
During the year the company charged £825,000 (2024 - £825,000) of rent through a signed lease agreement to another entity under common control.
At the year end the company was owed £9,600 by an associated company (2024 - £9,600). The loan is interest free and repayable on demand.