Whitechapel Enterprises Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02965547 (England and Wales)

Whitechapel Enterprises Limited

Unaudited Financial Statements for the Year Ended 30 November 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D A Sewell

REGISTERED OFFICE:

71/73 Hoghton Street

Southport

Merseyside

PR9 0PR

REGISTERED NUMBER:

02965547 (England and Wales)

ACCOUNTANTS:

Advance Chartered Accountants

71/73 Hoghton Street

Southport

Merseyside

PR9 0PR

FIXED ASSETS

Tangible assets

4

1,803,011

1,803,016

Investments

5

2

2

1,803,013

1,803,018

CURRENT ASSETS

Debtors

326,588

441,526

Cash at bank

39,412

67,881

366,000

509,407

CREDITORS

Amounts falling due within one year

209,393

303,404

NET CURRENT ASSETS

156,607

206,003

TOTAL ASSETS LESS CURRENT LIABILITIES

1,959,620

2,009,021

CREDITORS

Amounts falling due after more than one year

438,158

487,741

NET ASSETS

1,521,462

1,521,280

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,521,460

1,521,278

SHAREHOLDERS' FUNDS

1,521,462

1,521,280

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 23 July 2019 and were signed by:

Mr D A Sewell - Director

1.	STATUTORY INFORMATION

Whitechapel Enterprises 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.

Turnover

Turnover represents rents and service charges receivable during the year.

Fixed assets

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

Freehold Property

-

NIL

Fixture & Fittings

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Depreciation

No depreciation has been charged on freehold and long leasehold land in the current year.

Where zero depreciation of freehold buildings is appropriate

Freehold buildings are depreciated to write down the cost less estimated residual value over their remaining

useful life bye equal annual instalments. Where buildings are maintained to such a standard that their residual

value is not less than their cost or valuation, no depreciation is charged as it is not material.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Consolidation

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The

company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006

not to prepare group accounts.

Investment properties

Investment properties are included at original cost and not market value, the Directors consider that the

additional cost of providing the necessary valuations would outweigh the benefit achieved.

No amortisation or depreciation is provided in respect of freehold investment properties and leasehold

investment properties with over 20 years to expiry, in accordance with Statement of Standard Accounting

Practice 19: "Accounting for investment properties". This treatment is contrary to the requirements of the

Companies Act 2006 to provide for depreciation but is considered necessary to ensure the financial statements

give a true and fair view. Depreciation is only one of the factors reflected at the balance sheet date valuation

and the amount that might otherwise have been shown cannot be separately identified or quantified.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2017

and 30 November 2018

1,804,525

DEPRECIATION

At 1 December 2017

1,509

Eliminated on disposal

5

At 30 November 2018

1,514

NET BOOK VALUE

At 30 November 2018

1,803,011

At 30 November 2017

1,803,016

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 December 2017

and 30 November 2018

2

NET BOOK VALUE

At 30 November 2018

2

At 30 November 2017

2

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

490,011

604,930

The bank loans are secured.