White Leaf Care Properties Limited - Accounts to registrar (filleted) - small 23.2.5

White Leaf Care Properties Limited - Accounts to registrar (filleted) - small 23.2.5

WHITE LEAF CARE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 07391717 (England and Wales)















Audited Financial Statements for the Year Ended 31st March 2023

for

White Leaf Care Properties Limited
White Leaf Care Properties Limited (Registered number: 07391717)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


White Leaf Care Properties Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: E Bland
W R Whymark



REGISTERED OFFICE: Unit1, Lancaster Court
Coronation Road
Cressex Business Park
High Wycombe
Buckinghamshire
HP12 3TD



REGISTERED NUMBER: 07391717 (England and Wales)



SENIOR STATUTORY AUDITOR: M Howard (FCA)



INDEPENDENT AUDITORS: Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT
Page 1
White Leaf Care Properties Limited (Registered number: 07391717)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 597 1,390
Investments 5 103 103
Investment property 6 5,015,542 5,015,542
5,016,242 5,017,035

CURRENT ASSETS
Debtors 7 1,303,335 1,261,279
Cash at bank 16,574 934
1,319,909 1,262,213
CREDITORS
Amounts falling due within one year 8 4,072,597 4,138,577
NET CURRENT LIABILITIES (2,752,688 ) (2,876,364 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,263,554
2,140,671

PROVISIONS FOR LIABILITIES 155,149 155,347
NET ASSETS 2,108,405 1,985,324

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 465,000 465,000
Retained earnings 1,643,404 1,520,323
SHAREHOLDERS' FUNDS 2,108,405 1,985,324

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st December 2023 and were signed on its behalf by:





E Bland - Director


The notes form part of these financial statements

Page 2
White Leaf Care Properties Limited (Registered number: 07391717)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

White Leaf Care Properties 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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 (2022 - NIL).

Page 3 continued...
White Leaf Care Properties Limited (Registered number: 07391717)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 3,967
DEPRECIATION
At 1st April 2022 2,577
Charge for year 793
At 31st March 2023 3,370
NET BOOK VALUE
At 31st March 2023 597
At 31st March 2022 1,390

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 103
NET BOOK VALUE
At 31st March 2023 103
At 31st March 2022 103

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 5,015,542
NET BOOK VALUE
At 31st March 2023 5,015,542
At 31st March 2022 5,015,542

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2022 620,000
Cost 4,395,542
5,015,542

Page 4 continued...
White Leaf Care Properties Limited (Registered number: 07391717)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


6. INVESTMENT PROPERTY - continued

Investment property was valued on an open market basis on 24th April 2022 by Christe & Co .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 18,786 15,416
Amounts owed by group undertakings 1,284,549 1,245,203
Other debtors - 660
1,303,335 1,261,279

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 2,288,022 2,744,649
Trade creditors 62,644 425
Amounts owed to group undertakings 1,615,159 1,325,394
Taxation and social security 80,761 68,108
Other creditors 26,011 1
4,072,597 4,138,577

9. SECURED DEBTS

Included within bank loans are loans totalling £ 2,288,022 (2022: £ 2,744,649) which are secured by a legal charge over the investment properties of the company. These loans are subject to an annual interest rate of 2.99% above base rate the facility is due to be repaid within the next 12 months.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

M Howard (FCA) (Senior Statutory Auditor)
for and on behalf of Hazlewoods LLP

11. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is The Coin Group Limited, which prepares group financial statements. The registered office of The Coin Group Limited is Unit 1 Lancaster Court, Coronation Road, Cressex Business Park. High Wycombe. Buckinghamshire. HP12 3TD.

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