White Rose Residential Sales Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09179092

WHITE ROSE RESIDENTIAL SALES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 August 2025

WHITE ROSE RESIDENTIAL SALES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

CONTENTS	PAGE

Statement of financial position	1

Notes to the financial statements	3

WHITE ROSE RESIDENTIAL SALES LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Investments	5		16,960,550		18,755,750

CURRENT ASSETS

Cash at bank and in hand	200		162

CREDITORS: amounts falling due within one year	6	8,502,023		7,129,607
		-------------		-------------
NET CURRENT LIABILITIES			8,501,823		7,129,445
			---------------		---------------
TOTAL ASSETS LESS CURRENT LIABILITIES			8,458,727		11,626,305

CREDITORS: amounts falling due after more than one year	7		7,737,763		10,524,705

PROVISIONS

Taxation including deferred tax	8	443,610	485,890
		-------------	---------------
NET ASSETS		277,354	615,710
		-------------	---------------

WHITE ROSE RESIDENTIAL SALES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 August 2025

	2025		2024
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	10	200	200
Revaluation reserve		1,336,720	1,457,640
Profit and loss account		( 1,059,566)	( 842,130)
		-------------	-------------
SHAREHOLDERS FUNDS		277,354	615,710
		-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 24 August 2026 , and are signed on behalf of the board by:

Mr S Brown
Director

Company registration number: 09179092

WHITE ROSE RESIDENTIAL SALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements are prepared on a going concern basis on the assumption that in the director's opinion the market value of the company's investment properties as stated in note 6 to the Accounts will be realised for more than the company's total liabilities. The director has supported the company throughout the financial period and worked with the LPA Receivers and has continued to do so.

Judgements and key sources of estimation uncertainty

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. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is the amount derived from property lettings.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment properties

All of the company's properties are held for long-term investment.

Investment properties are accounted for in accordance with FRS 102, as follows:

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

No depreciation is provided in respect of investment property, which is revalued annually. The surplus or deficit on revaluation is transferred to revaluation reserve unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of the fixed assets. However, these assets are not held for consumption, but for investment and the directors consider that systematic annual deprecation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic 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.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2023:1)

5. INVESTMENTS

	Investment properties
	£
Cost
At 1 September 2024	18,755,750
Disposals	( 1,795,200)
	---------------
At 31 August 2025	16,960,550
	---------------
Impairment
At 1 September 2024 and 31 August 2025	–
	---------------

Carrying amount
At 31 August 2025	16,960,550
	---------------
At 31 August 2024	18,755,750
	---------------

Investments held at valuation

The property portfolio was acquired on 9 January 2015 for £16,800,000. The investment properties were valued by the directors on the 31 August 2025, using the return on investment and the estimated market value to reach a fair value for these properties.

In respect of investments held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment properties
	£
At 31 August 2025
Aggregate cost	15,180,220
Aggregate depreciation	–
	---------------
Carrying value	15,180,220
	---------------

At 31 August 2024
Aggregate cost	16,812,220
Aggregate depreciation	–
	---------------
Carrying value	16,812,220
	---------------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans	8,127,417	6,720,951
Trade creditors	199,326	307,815
Amounts owed to undertakings in which the company has a participating interest	173,253	98,814
Accruals and deferred income	1,500	1,500
Corporation tax	527	527
	-------------	-------------
	8,502,023	7,129,607
	-------------	-------------

The following liabilities disclosed under creditors falling due within year are secured by the company:

	2025	2024
	£	£
Bank loans	8,121,861	6,715,395
	-------------	-------------

7. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans	7,737,763	10,524,705
	-------------	---------------

The following liabilities disclosed under creditors falling due after more than one year are secured by the company:

	2025	2024
	£	£
Bank loans	7,707,676	10,492,690
	-------------	---------------

Included within creditors: amounts falling due after more than one year is an amount of £5,742,639 (2024: £10,148,546) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

8. PROVISIONS

	Deferred tax (note 9)
	£
At 1 September 2024	485,890
Charge against provision	( 42,280)
	----------
At 31 August 2025	443,610
	----------

9. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 8)	443,610	485,890
	----------	----------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Revaluation of tangible assets	443,610	485,890
	----------	----------

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	200	200	200	200
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