1 January 2022 false No description of principal activity Taxfiler 2023.9 04929042business:PrivateLimitedCompanyLtd2022-01-012022-12-31 049290422021-12-31 049290422022-01-012022-12-31 04929042business:AuditExemptWithAccountantsReport2022-01-012022-12-31 04929042business:FilletedAccounts2022-01-012022-12-31 049290422022-12-31 04929042business:Director12022-01-012022-12-31 04929042business:RegisteredOffice2022-01-012022-12-31 049290422021-12-31 04929042core:WithinOneYear2022-12-31 04929042core:WithinOneYear2021-12-31 04929042core:AfterOneYear2022-12-31 04929042core:AfterOneYear2021-12-31 04929042core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 04929042core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 04929042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 04929042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 04929042core:PreviouslyStatedAmount2022-12-31 04929042core:PreviouslyStatedAmount2021-12-31 04929042business:SmallEntities2022-01-012022-12-31 04929042countries:EnglandWales2022-01-012022-12-31 04929042core:PlantMachinery2021-12-31 04929042core:FurnitureFittings2021-12-31 04929042core:PlantMachinery2022-12-31 04929042core:FurnitureFittings2022-12-31 04929042core:PlantMachinery2022-01-012022-12-31 04929042core:FurnitureFittings2022-01-012022-12-31 049290422021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 04929042 (England and Wales)
West Gates Limited Unaudited accounts for the year ended 31 December 2022
West Gates Limited Unaudited accounts Contents
Page
- 2 -
West Gates Limited Company Information for the year ended 31 December 2022
Director
Parvaiz Khan
Company Number
04929042 (England and Wales)
Registered Office
C/O AMS Accountants 4 Raleigh House Admirals Way, Canary Wharf London E14 9SN England
Accountants
AMS Accountants 4 Raleigh House Admirals Way Canary Wharf London E14 9SN
- 3 -
West Gates Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,768 
76,435 
Investment property
4,075,276 
3,435,078 
4,143,044 
3,511,513 
Current assets
Debtors
3,037,885 
3,203,325 
Cash at bank and in hand
125,048 
509,424 
3,162,933 
3,712,749 
Creditors: amounts falling due within one year
(1,084,384)
(956,940)
Net current assets
2,078,549 
2,755,809 
Total assets less current liabilities
6,221,593 
6,267,322 
Creditors: amounts falling due after more than one year
(4,711,010)
(4,764,916)
Net assets
1,510,583 
1,502,406 
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
1,410,583 
1,402,406 
Shareholders' funds
1,510,583 
1,502,406 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2023 and were signed on its behalf by
Parvaiz Khan Director Company Registration No. 04929042
- 4 -
West Gates Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
West Gates Limited is a private company, limited by shares, registered in England and Wales, registration number 04929042. The registered office is C/O AMS Accountants 4 Raleigh House , Admirals Way, Canary Wharf, London, E14 9SN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
88,605 
10,083 
98,688 
At 31 December 2022
88,605 
10,083 
98,688 
Depreciation
At 1 January 2022
12,740 
9,513 
22,253 
Charge for the year
8,540 
127 
8,667 
At 31 December 2022
21,280 
9,640 
30,920 
Net book value
At 31 December 2022
67,325 
443 
67,768 
At 31 December 2021
75,865 
570 
76,435 
5
Investment property
2022 
£ 
Fair value at 1 January 2022
3,435,078 
Additions
640,198 
At 31 December 2022
4,075,276 
- 5 -
West Gates Limited Notes to the Accounts for the year ended 31 December 2022
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
3,037,885 
3,203,325 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
70,408 
84,820 
Taxes and social security
7,083 
32,971 
Loans from directors
1,006,280 
835,535 
Accruals
613 
3,614 
1,084,384 
956,940 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
4,711,010 
4,764,916 
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
- 6 -