WHITEDITCH DEVELOPMENTS LIMITED


Director	Mr I D Jack


Registered Address	42 Lytton Road
	Barnet
	EN5 5BY


Registered Number	10800179 (England and Wales)

Statement of Financial Position
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		13,496		4,010
			13,496		4,010
Current assets
Stocks	4	784,319		413,255
Debtors	5	25,900		214,923
Cash at bank and on hand		5,268		10,116
		815,487		638,294
Creditors amounts falling due within one year	6	(1,011,213)		(754,357)
Net current assets (liabilities)			(195,726)		(116,063)
Total assets less current liabilities			(182,230)		(112,053)
Creditors amounts falling due after one year	7		(11,688)		(18,417)
Net assets			(193,918)		(130,470)
Capital and reserves
Called up share capital			101		101
Profit and loss account			(194,019)		(130,571)
Shareholders' funds			(193,918)		(130,470)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 3 June 2026, and are signed on its behalf by:

Mr I D Jack
Director
Registered Company No. 10800179

WHITEDITCH DEVELOPMENTS LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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 services.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4
	Vehicles	4

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 July 24	17,500	12,650	30,150
Additions	-	17,994	17,994
At 30 June 25	17,500	30,644	48,144
Depreciation and impairment
At 01 July 24	13,490	12,650	26,140
Charge for year	4,010	4,498	8,508
At 30 June 25	17,500	17,148	34,648
Net book value
At 30 June 25	-	13,496	13,496
At 30 June 24	4,010	-	4,010

4.	Stocks

	2025	2024
	£	£
Work in progress	784,319	413,255
Total	784,319	413,255

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	25,800	8,000
Other debtors	100	206,923
Total	25,900	214,923

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	26,732	11,521
Bank borrowings and overdrafts	10,000	10,000
Amounts owed to related parties	27,504	70,300
Taxation and social security	8,909	2,721
Finance lease and HP contracts	5,586	2,250
Other creditors	927,145	653,914
Accrued liabilities and deferred income	5,337	3,651
Total	1,011,213	754,357

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,203	11,667
Other creditors	9,485	6,750
Total	11,688	18,417

8.	Secured creditors
	Included within creditors falling due within one year is a loan which is secured by way of a legal charge over development property. The loan is repayable in accordance with the terms of the loan agreement.

9.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	15,071		9,000

10.	Related party transactions
	At the balance sheet date, the company owed £27,504 (2024: £70,300) to Contract Scaffold. As at the balance sheet date, included in creditors due within one year is an amount of £505,233 (2024:£653,914), due and payable to the director. The amount is interest-free and repayable on demand.