Whitfield Portfolio Limited - Accounts to registrar (filleted) - small 18.2

Whitfield Portfolio Limited - Accounts to registrar (filleted) - small 18.2

WHITFIELD PORTFOLIO LIMITED - Company Information

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REGISTERED NUMBER: 11100009 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2019

for

Whitfield Portfolio Limited
Whitfield Portfolio Limited (Registered number: 11100009)






Contents of the Financial Statements
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Whitfield Portfolio Limited

Company Information
for the Year Ended 31 March 2019







DIRECTORS: D K Whitfield
Mrs S E Whitfield





REGISTERED OFFICE: 30a High Street
Over
Cambridgeshire
CB24 5ND





REGISTERED NUMBER: 11100009 (England and Wales)





Page 1
Whitfield Portfolio Limited (Registered number: 11100009)

Balance Sheet
31 March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 628,608 -
Investment property 5 34,873,274 -
35,501,882 -

CURRENT ASSETS
Debtors 6 13,678,881 100
Cash at bank 859,291 -
14,538,172 100
CREDITORS
Amounts falling due within one year 7 900,709 -
NET CURRENT ASSETS 13,637,463 100
TOTAL ASSETS LESS CURRENT
LIABILITIES
49,139,345
100

CREDITORS
Amounts falling due after more than one
year
8
18,639,912
-
NET ASSETS 30,499,433 100

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 30,737,618 -
Retained earnings (238,285 ) -
30,499,433 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 notes form part of these financial statements

Page 2 continued...
Whitfield Portfolio Limited (Registered number: 11100009)

Balance Sheet - continued
31 March 2019


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 on 11 December 2019 and were signed on its behalf
by:





D K Whitfield - Director


The notes form part of these financial statements

Page 3
Whitfield Portfolio Limited (Registered number: 11100009)

Notes to the Financial Statements
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

Whitfield Portfolio 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
Revenue 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.

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation is initially recognised at
cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at
fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss
account.

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 15 (2018 - NIL ) .

Page 4 continued...
Whitfield Portfolio Limited (Registered number: 11100009)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
Additions 630,070
At 31 March 2019 630,070
DEPRECIATION
Eliminated on disposal 1,462
At 31 March 2019 1,462
NET BOOK VALUE
At 31 March 2019 628,608

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 42,056,444
Disposals (7,183,170 )
At 31 March 2019 34,873,274
NET BOOK VALUE
At 31 March 2019 34,873,274

6. DEBTORS
2019 2018
£    £   
Amounts falling due within one year:
Trade debtors 54,007 -
Other debtors 75,235 100
129,242 100

Amounts falling due after more than one year:
Other debtors 13,549,639 -

Aggregate amounts 13,678,881 100

Page 5 continued...
Whitfield Portfolio Limited (Registered number: 11100009)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 129,923 -
Trade creditors 203,891 -
Taxation and social security 29,789 -
Other creditors 537,106 -
900,709 -

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 18,620,077 -
Hire purchase contracts 19,835 -
18,639,912 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,620,077 -

9. RELATED PARTY DISCLOSURES

Included in creditors is a balance amounting to £63,743 due to Hallmark Residential Limited, £65,270 due to
Over Property Management Limited.

Included in debtors is balance amounting to £1,487,093 is related to The Whitfield Group Limited, £12,031,757
related to Whitfield Property Investment Limited, £11,002 related to Golden Curry Limited.

The director D K Whitfield is also a directors in above mentioned companies.

Page 6