Company registration number 00990945 (England and Wales)
THE WHITEHOUSE CENTRE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THE WHITEHOUSE CENTRE LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
THE WHITEHOUSE CENTRE LTD
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,862,569
1,820,169
Current assets
Stocks
129,915
135,143
Debtors
5
204,517
201,785
Cash at bank and in hand
1,139,681
798,557
1,474,113
1,135,485
Creditors: amounts falling due within one year
6
(878,994)
(836,210)
Net current assets
595,119
299,275
Total assets less current liabilities
2,457,688
2,119,444
Creditors: amounts falling due after more than one year
7
(9,619)
(16,871)
Provisions for liabilities
(174,987)
(188,280)
Net assets
2,273,082
1,914,293
Capital and reserves
Called up share capital
194,000
194,000
Revaluation reserve
8
114,326
119,523
Capital redemption reserve
7,307
7,307
Profit and loss reserves
1,957,449
1,593,463
Total equity
2,273,082
1,914,293
THE WHITEHOUSE CENTRE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 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 21 July 2026 and are signed on its behalf by:
Mr D Hogarty
Director
Company registration number 00990945 (England and Wales)
THE WHITEHOUSE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

The Whitehouse Centre Ltd is a private company limited by shares incorporated in England and Wales. The registered office is North Whitehouse Farm, Stannington, Morpeth, Northumberland, NE61 6AW.

1.1
Basis of preparation

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, as modified by the revaluation of certain fixed assets. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding value added tax. Income is recognised at the point of sale.

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:

Freehold property
2% on cost
Plant and equipment
15% on reducing balance and 10% on cost
Fixtures and fittings
15% on reducing balance and 33% on cost

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
Stocks

Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
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.

THE WHITEHOUSE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.8
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

1.10
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

THE WHITEHOUSE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
45
45
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 January 2025
1,486,390
2,370,842
3,857,232
Additions
126,645
84,644
211,289
Disposals
-
0
(3,000)
(3,000)
At 31 December 2025
1,613,035
2,452,486
4,065,521
Depreciation and impairment
At 1 January 2025
426,777
1,610,286
2,037,063
Depreciation charged in the year
26,528
140,518
167,046
Eliminated in respect of disposals
-
0
(1,157)
(1,157)
At 31 December 2025
453,305
1,749,647
2,202,952
Carrying amount
At 31 December 2025
1,159,730
702,839
1,862,569
At 31 December 2024
1,059,613
760,556
1,820,169

Included in cost or valuation of land and buildings is freehold land of £285,765 (202 4 - £285,765) which is not depreciated.

As at 31 December 202 5 Freehold property is represented by an historic cost amount of £1,299,695 and the 1997 revaluation of £313,339.

THE WHITEHOUSE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
4
Tangible fixed assets
(Continued)
- 6 -

If freehold buildings had not been revalued they would have been included at the following historical cost:

Freehold property
2025
2024
£
£
Cost
1,299,695
1,173,051
Accumulated depreciation
(284,101)
(263,841)
Carrying value
1,015,594
909,210
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,887
7,715
Other debtors
202,630
194,070
204,517
201,785
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
47,976
58,621
Taxation and social security
249,728
195,401
Other creditors
581,290
582,188
878,994
836,210

Liabilities arising under Hire Purchase contracts of £7,252 (2024 - £7,252) are secured against the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
9,619
16,871

Liabilities arising under Hire Purchase contracts of £9,619 (2024 - £16,871) are secured against the assets to which they relate.

THE WHITEHOUSE CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
8
Revaluation reserve
2025
2024
£
£
At the beginning of the year
119,523
124,720
Other movements
(5,197)
(5,197)
At the end of the year
114,326
119,523
9
Related party transactions
Transactions with related parties

Included in Other creditors is an amount of £561,643 (2024 - £561,643) owing to DPH Construction (North East) Limited, a company in which the directors of The Whitehouse Centre Ltd are also the directors.

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