Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-302020-12-01falseParent Holding Company43falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03108671 2020-12-01 2021-11-30 03108671 2019-12-01 2020-11-30 03108671 2021-11-30 03108671 2020-11-30 03108671 c:Director4 2020-12-01 2021-11-30 03108671 d:ComputerSoftware 2021-11-30 03108671 d:ComputerSoftware 2020-11-30 03108671 d:CurrentFinancialInstruments 2021-11-30 03108671 d:CurrentFinancialInstruments 2020-11-30 03108671 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 03108671 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 03108671 d:ShareCapital 2021-11-30 03108671 d:ShareCapital 2020-11-30 03108671 d:RetainedEarningsAccumulatedLosses 2021-11-30 03108671 d:RetainedEarningsAccumulatedLosses 2020-11-30 03108671 c:FRS102 2020-12-01 2021-11-30 03108671 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 03108671 c:FullAccounts 2020-12-01 2021-11-30 03108671 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 03108671 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2020-12-01 2021-11-30 03108671 2 2020-12-01 2021-11-30 03108671 6 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 03108671









WEST END & CITY PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
WEST END & CITY PROPERTIES LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
WEST END & CITY PROPERTIES LIMITED
REGISTERED NUMBER: 03108671

BALANCE SHEET
AS AT 30 NOVEMBER 2021

2021
2021
2020
2020
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
1,010,250
-

Investments
 5 
433,572
433,572

  
1,443,822
433,572

Current assets
  

Debtors: amounts falling due within one year
 6 
14,151,317
12,720,190

Cash at bank and in hand
 7 
7,451,380
5,764,218

  
21,602,697
18,484,408

Creditors: amounts falling due within one year
 8 
(303,468)
(1,054,992)

Net current assets
  
 
 
21,299,229
 
 
17,429,416

Total assets less current liabilities
  
22,743,051
17,862,988

  

Net assets
  
22,743,051
17,862,988


Capital and reserves
  

Called up share capital 
  
176
176

Profit and loss account
  
22,742,875
17,862,812

  
22,743,051
17,862,988


Page 1

 
WEST END & CITY PROPERTIES LIMITED
REGISTERED NUMBER: 03108671
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2022.




D G Mattey
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

West End & City Properties Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 03108671. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity is that of a parent holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 3).


4.


Intangible assets




Crypto-currencies

£



Cost


Additions
1,010,250



At 30 November 2021

1,010,250






Net book value



At 30 November 2021
1,010,250



At 30 November 2020
-



Page 4

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

5.


Fixed asset investments





Investments in Subsidiary Companies
Investments in Associates
Total

£
£
£



Cost or valuation


At 1 December 2020
376,118
57,454
433,572



At 30 November 2021
376,118
57,454
433,572






Net book value



At 30 November 2021
376,118
57,454
433,572



At 30 November 2020
376,118
57,454
433,572


6.


Debtors

2021
2020
£
£


Amounts owed by group undertakings
7,251,127
6,220,000

Amounts owed by joint ventures and associated undertakings
6,900,190
6,500,190

14,151,317
12,720,190



7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
7,451,380
5,764,218

7,451,380
5,764,218


Page 5

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Amounts owed to group undertakings
50,000
800,000

Corporation tax
-
1,524

Other creditors
251,068
251,068

Accruals and deferred income
2,400
2,400

303,468
1,054,992



9.


Related party transactions

At the year end, the following balances were due from/(to) related parties:


Loans due (to)/from at 30/11/2021
Loans due (to)/from at 30/11/2020
£
£

Entities over which the entity has control, joint control or significant influence
13,905,540
11,670,000


10.


Controlling party

The ultimate controlling party is The Alan Mattey Will Trust by virtue of its majority shareholding.

 
Page 6