G. Holmes White (Properties) Limited
Unaudited Financial Statements
For the year ended 31 March 2026
Pages for Filing with Registrar
Company Registration No. 00374696 (England and Wales)
G. Holmes White (Properties) Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
G. Holmes White (Properties) Limited
Balance Sheet
As at 31 March 2026
Page 1
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
249,120
250,149
Investments
4
11,224,835
9,178,830
11,473,955
9,428,979
Current assets
Stock
3,136,584
3,398,129
Debtors
5
3,838,088
2,815,113
Cash at bank and in hand
639,105
468,826
7,613,777
6,682,068
Creditors: amounts falling due within one year
6
(15,125,888)
(12,183,759)
Net current liabilities
(7,512,111)
(5,501,691)
Net assets
3,961,844
3,927,288
Capital and reserves
Called up share capital
7
1,465
1,465
Share premium account
101,769
101,769
Capital redemption reserve
364,535
364,535
Profit and loss reserves
3,494,075
3,459,519
Total equity
3,961,844
3,927,288
G. Holmes White (Properties) Limited
Balance Sheet (Continued)
As at 31 March 2026
Page 2

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 July 2026 and are signed on its behalf by:
R.G. Baldwin
R.N. Albrow
Director
Director
Company Registration No. 00374696
G. Holmes White (Properties) Limited
Notes to the Financial Statements
For the year ended 31 March 2026
Page 3
1
Accounting policies
Company information

G. Holmes White (Properties) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Victoria Square, St Albans, Hertfordshire, AL1 3TF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors have assessed whether the use of going concern is appropriate and have considered financial information for the current year to date, projections or conditions that might cast significant doubt on the ability of the company to continue as a going concern and concluded that going concern is an appropriate basis on which to draw up the accounts.true

1.3
Turnover

Turnover represents the gross proceeds from property sales arising in the year.

Rental income from properties held in stock is included in other operating income. Turnover from property sales is recognised at the date of completion. Rental income is recognised on the accruals basis.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freehold
Land - nil, buildings 2% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investments

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Fixed assets investments are stated at cost less provsion for dimunition in value.
G. Holmes White (Properties) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
Page 4
1.6
Stock

Stock comprises properties held for re-sale.

Stocks are stated at the lower of cost, which includes the cost of improvements, and net realisable value.

Net realisable value is based on estimated selling price less further costs expected to be incurred on disposal.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments at fair value.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

G. Holmes White (Properties) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
Page 5
1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Leases

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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2025: 5).

3
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2025
324,874
Additions
2,265
At 31 March 2026
327,139
Depreciation and impairment
At 1 April 2025
74,725
Depreciation charged in the year
3,294
At 31 March 2026
78,019
Carrying amount
At 31 March 2026
249,120
At 31 March 2025
250,149

At 31 March 2026, the directors believed the market value of the land and buildings was £650,000 (2025: £650,000)

G. Holmes White (Properties) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
Page 6
4
Fixed asset investments
2026
2025
£
£
Other investments other than loans
11,224,835
9,178,830
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2025
9,178,830
Movement in capital invested
2,046,005
At 31 March 2026
11,224,835
Carrying amount
At 31 March 2026
11,224,835
At 31 March 2025
9,178,830
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
10
431
Other debtors
3,838,078
2,814,682
3,838,088
2,815,113

Included in other debtors are various amounts due from other entities. The details of these amounts are included in note 9.

6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
-
0
1,171
Corporation tax
11,129
22,164
Other taxation and social security
1,967
7,931
Other creditors
15,102,382
12,142,293
Accruals and deferred income
10,410
10,200
15,125,888
12,183,759
G. Holmes White (Properties) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
Page 7
7
Called up share capital
2026
2025
£
£
Alloted, called up and fully paid
1,465 Ordinary shares of £1 each
1,465
1,465
8
Control
In the opinion of the directors the Company has no one controlling party.
G. Holmes White (Properties) Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2026
Page 8
9
Related party transactions
2026
2025
Debtors
Creditors
Debtors
Creditors
£
£
£
£
Amounts due to and from directors of the company:
R.G. Baldwin
-
304,258
-
422,672
-
304,258
-
422,672
2026
2025
Debtors
Creditors
Debtors
Creditors
£
£
£
£
Amounts due to and from shareholders of the company (where not included above):
G. Turner
-
1,325
-
1,325
-
1,325
-
1,325
2026
2025
Debtors
Creditors
Debtors
Creditors
£
£
£
£
Amounts due to and from companies and partnerships affiliated by virtue of common control:
Albrow Partnership
27,560
-
-
-
Bordcrest Properties Limited
-
771,958
-
601,958
Chestram Property Co.Limited
-
2,642,428
-
1,835,000
Dutton Partnership
2,160,845
-
1,818,530
-
E.E. & A. Tee Limited
-
9,979,072
-
7,136,523
Kim & Co
-
195,000
-
877,028
RARB Properties Limited
150,000
-
-
40,000
S Clark Properties
549,082
-
474,964
-
Turner Partnership
703,522
-
-
-
Trio Partnership
298,963
-
-
-
3,889,972
13,588,458
2,293,494
10,490,509
Management charges of £Nil (2025: £40,000) were accrued between the company and RARB Properties Limited. Overheads of £25,000 (2025: £Nil) were reallocated between G. Holmes White (Properties) Limited and Chestram Property Co. Overheads of £95,000 (2025: £Nil) were reallocated between G. Holmes White (Properties) Limited and E E & A Tee Limited.
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