Whitehouse Leaseholds Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08236397 (England and Wales)

Financial Statements for the Period 1 May 2021 to 30 September 2022

for

Whitehouse Leaseholds Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Carmichael

REGISTERED OFFICE:

Ashbury House

PO Box 58

Liverpool

L19 9WX

REGISTERED NUMBER:

08236397 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Investment property

4

1,651,120

1,651,120

CURRENT ASSETS

Debtors

5

2,321

15,723

Cash at bank

8

33

2,329

15,756

CREDITORS

Amounts falling due within one year

6

1,589,591

1,608,349

NET CURRENT LIABILITIES

(1,587,262

)

(1,592,593

)

TOTAL ASSETS LESS CURRENT LIABILITIES

63,858

58,527

CREDITORS

Amounts falling due after more than one year

7

15,804

15,804

NET ASSETS

48,054

42,723

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

47,954

42,623

48,054

42,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2022 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 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 29 June 2023 and were signed by:

K Carmichael - Director

1.	STATUTORY INFORMATION

Whitehouse Leaseholds 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.

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.

The financial statements for the period ended 30th September 2022 represent an accounting period of 17 months and as a result the comparative amounts presented in the financial statements are not entirely comparable. The year end has been extended to bring the accounting period into line with that of other companies within the group.

Despite the company's net current liability position at the year end the financial statements have been prepared on a going concern basis as the company has the continued support of its parent undertaking and fellow subsidiary undertakings.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the consideration of rents received excluding value added tax. Turnover is recognised in the period to which it relates.

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

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation

Taxation for the period 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 period 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 period was NIL (2021 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2021

and 30 September 2022

1,651,120

NET BOOK VALUE

At 30 September 2022

1,651,120

At 30 April 2021

1,651,120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.4.21

£

£

Trade debtors

-

10,000

Amounts owed by group undertakings

1,508

-

Other debtors

813

5,723

2,321

15,723

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.4.21

£

£

Bank loans and overdrafts

1,233,518

1,232,734

Trade creditors

-

287

Amounts owed to group undertakings

279,176

279,176

Other creditors

76,897

96,152

1,589,591

1,608,349

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.22

30.4.21

£

£

Bank loans

15,804

15,804

30.9.22

30.4.21

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after 5 years

3,161

3,161

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.22

30.4.21

£

£

Bank loans

1,230,358

1,229,574

9.	RELATED PARTY DISCLOSURES