Whitehouse Apartments Freehold Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04561121

Whitehouse Apartments Freehold Limited

Unaudited financial statements

31 December 2025

Whitehouse Apartments Freehold Limited

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,200,000		1,200,000

Current assets

Debtors	6	1,175	41,007
Cash at bank and in hand		25,359	59,134
		-------	---------
		26,534	100,141

Creditors: Amounts falling due within one year	7	( 97,209)		( 102,793)
		-------		---------
Net current liabilities			( 70,675)		( 2,652)
			-----------		-----------
Total assets less current liabilities			1,129,325		1,197,348

Creditors: Amounts falling due after more than one year	8		( 25,087)		( 80,473)

Provisions

Taxation including deferred tax		( 89,447)		( 89,447)

Accruals and deferred income	( 36,291)	( 70,591)
	-----------	-----------
Net assets	978,500	956,837
	-----------	-----------

Capital and reserves

Called up share capital	9	496	496
Revaluation reserve		81,557	81,557
Capital redemption reserve		2	2
Profit and loss account		896,445	874,782
		---------	---------
Shareholders funds		978,500	956,837
		---------	---------

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 income and retained earnings has not been delivered.

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Whitehouse Apartments Freehold Limited

Statement of financial position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 14 September 2026 , and are signed on behalf of the board by:

D G Howell

Chairman

Whitehouse Apartments Freehold Limited

Notes to the financial statements

Year ended 31 December 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 51 High Street, Leiston, Suffolk, IP16 4EL. The company owns the freehold of Whitehouse Apartments, Belvedere Road, London SE1. Its shares are owned by approximately half of the long leaseholders of the apartments. To the best of the directors' belief, at the date of this report no person has a beneficial interest in more than 2.5% of the shares. The company is principally engaged in the overall management of the commercial units and apartments in the Whitehouse. Under the terms of the leases, the day-to-day management of these properties is the responsibility of South Bank Management Company Limited, a company owned by all the long leaseholders of the apartments.

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.

Revenue recognition

Turnover represents amounts received by the company in respect of non-capital expenditure incurred by the company. Amounts received by the company in respect of capital expenditure are netted off against that expenditure.

Income 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 property

The investment property is shown at the directors' estimate of its fair value. Any changes in fair value are recognised in profit or loss then transferred to the revaluation reserve.

4. Employee numbers

The average number of employees during the year was 4 (2024: 4 ).

5. Tangible assets

	Investment property
	£
Cost
At 1 January 2025 and 31 December 2025	1,200,000
	-----------
Carrying amount
At 31 December 2025	1,200,000
	-----------
At 31 December 2024	1,200,000
	-----------

The investment property was valued at its open market value by the directors.

Tangible assets held at valuation

In respect of tangible assets 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 property
	£
At 31 December 2025
Aggregate cost	1,028,997
Aggregate depreciation	–
	-----------
Carrying value	1,028,997
	-----------

At 31 December 2024
Aggregate cost	1,028,997
Aggregate depreciation	–
	-----------
Carrying value	1,028,997
	-----------

6. Debtors

	2025	2024
	£	£
Prepayments and accrued income	669	41,007
Other debtors	506	–
	------	-------
	1,175	41,007
	------	-------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	54,697	50,684
Trade creditors	4,083	1,773
Social security and other taxes	29,544	44,858
Other creditors	8,885	5,478
	-------	---------
	97,209	102,793
	-------	---------

Included within creditors falling due within one year are secured amounts of £54,697 (2024: £50,684). These debts are secured over the investment property.

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	25,087	80,473
	-------	-------

Included within creditors falling due after more than one year are secured amounts of £25,087 (2024: £80,473). These debts are secured over the investment property.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.01 each	49,621	496	49,621	496
	-------	----	-------	----

10. Operating leases

The company as lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	3,225	7,740
Later than 1 year and not later than 5 years	–	3,225
	------	-------
	3,225	10,965
	------	-------

The company also receives annual ground rents of £61,500 from leaseholders of the Whitehouse Apartments. These leases commenced in 1996 and have a 999 year term.