REGISTERED NUMBER: 05716257 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

WHITE STILETTO INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C E Hargreaves

REGISTERED OFFICE:

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

BUSINESS ADDRESS:

32 Eastern Avenue

Southend on Sea

Essex

SS2 5NF

REGISTERED NUMBER:

05716257 (England and Wales)

ACCOUNTANTS:

A.R. Lee & Co.

Chartered Accountants

Clarence Street Chambers

32 Clarence Street

Southend-on-Sea

Essex

SS1 1BD

FIXED ASSETS

Tangible assets

4

10,757

10,757

Investment property

5

2,524,000

2,505,000

2,534,757

2,515,757

CURRENT ASSETS

Debtors

6

6,371

12,331

Cash at bank

11,808

17,215

18,179

29,546

CREDITORS

Amounts falling due within one year

7

6,258

7,807

NET CURRENT ASSETS

11,921

21,739

TOTAL ASSETS LESS CURRENT LIABILITIES

2,546,678

2,537,496

CREDITORS

Amounts falling due after more than one year

8

(1,301,250

)

(1,261,974

)

PROVISIONS FOR LIABILITIES

(189,446

)

(211,035

)

NET ASSETS

1,055,982

1,064,487

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

912,402

935,946

Retained earnings

143,480

128,441

SHAREHOLDERS' FUNDS

1,055,982

1,064,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 25 November 2025 and were signed by:

Mrs C E Hargreaves - Director

1.	STATUTORY INFORMATION

White Stiletto Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net rents receivable.

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.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 March 2024

and 28 February 2025

10,757

NET BOOK VALUE

At 28 February 2025

10,757

At 29 February 2024

10,757

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

2,505,000

Additions

27,333

Revaluations

(8,333

)

At 28 February 2025

2,524,000

NET BOOK VALUE

At 28 February 2025

2,524,000

At 29 February 2024

2,505,000

The company's investment properties were revalued to open market value at the period end by the company's director using her best judgement.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

471

904

Other debtors

5,900

11,427

6,371

12,331

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

-

4,344

Taxation and social security

3,516

-

Other creditors

2,742

3,463

6,258

7,807

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

705,612

717,318

Other creditors

595,638

544,656

1,301,250

1,261,974

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-instalments

705,612

717,318

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

705,612

717,318

The mortgages are secured by legal charges on the respective properties and a company all asset debenture.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Fair

value

reserve

£

At 1 March 2024

935,946

Fair value gains

(23,544

)

At 28 February 2025

912,402