REGISTERED NUMBER: 10459100 (England and Wales)

WHITESAND PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C A Hedgecox

Mr M W Hedgecox

REGISTERED OFFICE:

Lake House

2 Port Way

Port Solent

Portsmouth

Hants

PO6 4TY

REGISTERED NUMBER:

10459100 (England and Wales)

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Lake House

2 Port Way

Port Solent

Portsmouth

Hampshire

PO6 4TY

FIXED ASSETS

Tangible assets

4

1,645

6,180

Investment property

5

1

1,200,000

1,646

1,206,180

CURRENT ASSETS

Debtors

6

214,999

-

Cash at bank

4,489

10,034

219,488

10,034

CREDITORS

Amounts falling due within one year

7

6,331

339,360

NET CURRENT ASSETS/(LIABILITIES)

213,157

(329,326

)

TOTAL ASSETS LESS CURRENT LIABILITIES

214,803

876,854

CREDITORS

Amounts falling due after more than one year

8

(123,379

)

(740,831

)

PROVISIONS FOR LIABILITIES

-

(45,072

)

NET ASSETS

91,424

90,951

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

-

135,217

Retained earnings

91,324

(44,366

)

91,424

90,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2026 and were signed on its behalf by:

Mr M W Hedgecox - Director

1.	STATUTORY INFORMATION

Whitesand Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Going concern

The company has the continued financial support of its director, who has agreed not to request repayment of the loan until the company has the funds available. On this basis the directors of Whitesand Property Limited consider it appropriate to prepare accounts on the going concern basis. The financial statements do not include any adjustments that would result in the company suffering further trading losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 March 2025

and 28 February 2026

13,233

4,902

18,135

DEPRECIATION

At 1 March 2025

9,504

2,451

11,955

Charge for year

3,309

1,226

4,535

At 28 February 2026

12,813

3,677

16,490

NET BOOK VALUE

At 28 February 2026

420

1,225

1,645

At 28 February 2025

3,729

2,451

6,180

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2025

1,200,000

Disposals

(1,019,709

)

Revaluations

(180,290

)

At 28 February 2026

1

NET BOOK VALUE

At 28 February 2026

1

At 28 February 2025

1,200,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2025

180,290

Valuation in 0

(1,199,999

)

Cost

1,019,710

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

214,999

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other creditors

6,331

339,360

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

607,202

Other creditors

123,379

133,629

123,379

740,831

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

-

607,202