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Company Registration No. 13247817 (England and Wales)
Whitewood Property Solutions Ltd Unaudited accounts for the year ended 31 March 2026
Whitewood Property Solutions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Whitewood Property Solutions Ltd Company Information for the year ended 31 March 2026
Directors
SHERWOOD, Christopher Antony SHERWOOD, Rachel Elizabeth
Company Number
13247817 (England and Wales)
Registered Office
32 Main Street Fleckney Leicester England LE8 8AN United Kingdom
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Whitewood Property Solutions Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Investment property
4
197,122
197,122
Current assets
Debtors
5
61,930
62,536
Cash at bank and in hand
5,051
16,194
66,981
78,730
Creditors: amounts falling due within one year
6
(109,050)
(121,777)
Net current liabilities
(42,069)
(43,047)
Total assets less current liabilities
155,053
154,075
Creditors: amounts falling due after more than one year
7
(156,672)
(156,672)
Net liabilities
(1,619)
(2,597)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(1,621)
(2,599)
Shareholders' funds
(1,619)
(2,597)
For the year ending 31 March 2026 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by
SHERWOOD, Rachel Elizabeth Director Company Registration No. 13247817
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Whitewood Property Solutions Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Whitewood Property Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 13247817. The registered office is 32 Main Street, Fleckney, Leicester, England, LE8 8AN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investment property
The open market value of the investment properties has been determined by the directors, based on their experience of the market. Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Revenue recognition
Turnover represents rental income which is recognised in the relevant rental period.
Deferred taxation
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.
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Whitewood Property Solutions Ltd Notes to the Accounts for the year ended 31 March 2026
Going concern
The accounts have been prepared on the going concern basis. The directors believe this to be appropriate as they have expressed their willingness to support the business financially for the forseable future.
4
Investment property
2026
£
Fair value at 1 April 2025
197,122
At 31 March 2026
197,122
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Accrued income and prepayments
95
417
Other debtors
61,835
62,119
61,930
62,536
6
Creditors: amounts falling due within one year
2026
2025
£
£
Loans from directors
108,450
120,061
Accruals
600
1,716
109,050
121,777
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
156,672
156,672
8
Capital commitments
2026
2025
£
£
A charge over the company's assets has been registered in favour of Onesavings Bank PLC and Aldermore Bank PLC in connection with the company's borrowing arrangements.
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
SHERWOOD, Christopher Antony
Directors Loan
(60,031)
6,101
295
(54,225)
SHERWOOD, Rachel Elizabeth
Directors Loan
(60,030)
6,100
295
(54,225)
(120,061)
12,201
590
(108,450)
10
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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