Whiteluck Estates Ltd - Filleted accounts

Registered number

11924280

Whiteluck Estates Ltd

Filleted Accounts

30 April 2025

Whiteluck Estates Ltd
Registered number:		11924280
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,103,678			1,103,924

Current assets
Cash at bank and in hand		1,016			7,711

Creditors: amounts falling due within one year	4	(214,924)			(184,107)

Net current liabilities			(213,908)			(176,396)

Total assets less current liabilities			889,770			927,528

Creditors: amounts falling due after more than one year	5		(610,519)			(616,099)

Provisions for liabilities			(58,568)			(58,568)


Net assets			220,683			252,861

Capital and reserves
Called up share capital			1			1
Revaluation reserve	6		249,685			249,685
Profit and loss account			(29,003)			3,175

Shareholder's funds			220,683			252,861

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Jacob Gluck
Director
Approved by the board on 20 July 2026

Whiteluck Estates Ltd
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	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).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 May 2024	1,103,000		1,230		1,104,230
	Additions	-		-		-
	At 30 April 2025	1,103,000		1,230		1,104,230

	Depreciation
	At 1 May 2024	-		306		306
	Charge for the year	-		246		246
	At 30 April 2025	-		552		552

	Net book value
	At 30 April 2025	1,103,000		678		1,103,678
	At 30 April 2024	1,103,000		924		1,103,924


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			-		(31)
	Other creditors			214,924		184,138
				214,924		184,107


5	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			610,519		616,099


6	Revaluation reserve			2025		2024
£					£

	At 1 May 2024			249,685		-
	Gain on revaluation of land and buildings			-		249,685

	At 30 April 2025			249,685		249,685


7	Other information

	Whiteluck Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	158 Cromwell Road
	Salford
	M6 6DE


24	Prior-period adjustment

	During the year, the company identified understatements in the balances previously reported at 30 April 2024, principally relating to the recording of investment properties, debtors, loans, other creditors, deferred taxation, income and expenditure. The comparative figures have therefore been restated, resulting in an increase in fixed assets of £296,281, an increase in current assets of £155,436 and an overall increase in total assets of £451,716. Total liabilities increased by £161,032, resulting in an increase in net assets and total shareholders’ funds of £290,684. The revaluation reserve increased by £249,685 and the profit and loss account increased by £40,999. The adjustments had no effect on the company’s cash balances.