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REGISTERED NUMBER: 06993635 (England and Wales)















WEST MIDLAND PROPERTY & PLANT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






WEST MIDLAND PROPERTY & PLANT LIMITED (REGISTERED NUMBER: 06993635)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST MIDLAND PROPERTY & PLANT LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2022







DIRECTORS: Mr K B Brown
Mrs S L Brown





REGISTERED OFFICE: 55 Springvale Street
Willenhall
West Midlands
WV13 1EJ





REGISTERED NUMBER: 06993635 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

WEST MIDLAND PROPERTY & PLANT LIMITED (REGISTERED NUMBER: 06993635)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 431,386 274,410

CURRENT ASSETS
Debtors 5 25,331 28,747
Cash at bank 256 42
25,587 28,789
CREDITORS
Amounts falling due within one year 6 163,146 5,096
NET CURRENT (LIABILITIES)/ASSETS (137,559 ) 23,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,827

298,103

CREDITORS
Amounts falling due after more than one
year

7

(8,018

)

(11,201

)

PROVISIONS FOR LIABILITIES 8 (11,998 ) (12,451 )
NET ASSETS 273,811 274,451

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 273,711 274,351
SHAREHOLDERS' FUNDS 273,811 274,451

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

WEST MIDLAND PROPERTY & PLANT LIMITED (REGISTERED NUMBER: 06993635)

BALANCE SHEET - continued
31 DECEMBER 2022


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 and authorised for issue on 25 September 2023 and were signed on its behalf by:





Mr K B Brown - Director


WEST MIDLAND PROPERTY & PLANT LIMITED (REGISTERED NUMBER: 06993635)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2022

1. STATUTORY INFORMATION

West Midland Property & Plant 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% reducing balance

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.

WEST MIDLAND PROPERTY & PLANT LIMITED (REGISTERED NUMBER: 06993635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2022 171,750 32,398 199,296
Additions 164,736 - -
At 31 December 2022 336,486 32,398 199,296
DEPRECIATION
At 1 January 2022 - 648 133,106
Charge for year - - 6,619
At 31 December 2022 - 648 139,725
NET BOOK VALUE
At 31 December 2022 336,486 31,750 59,571
At 31 December 2021 171,750 31,750 66,190

WEST MIDLAND PROPERTY & PLANT LIMITED (REGISTERED NUMBER: 06993635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2022 1,220 22,132 426,796
Additions - - 164,736
At 31 December 2022 1,220 22,132 591,532
DEPRECIATION
At 1 January 2022 439 18,193 152,386
Charge for year 156 985 7,760
At 31 December 2022 595 19,178 160,146
NET BOOK VALUE
At 31 December 2022 625 2,954 431,386
At 31 December 2021 781 3,939 274,410

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 90,000 22,132 112,132
DEPRECIATION
At 1 January 2022 63,756 18,193 81,949
Charge for year 2,624 985 3,609
At 31 December 2022 66,380 19,178 85,558
NET BOOK VALUE
At 31 December 2022 23,620 2,954 26,574
At 31 December 2021 26,244 3,939 30,183

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 120
Amounts owed by participating interests 25,000 28,302
Other debtors 331 325
25,331 28,747

WEST MIDLAND PROPERTY & PLANT LIMITED (REGISTERED NUMBER: 06993635)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 3,305 3,258
Trade creditors 879 1,125
Amounts owed to participating interests 150,061 -
Taxation and social security 2,512 (951 )
Other creditors 6,389 1,664
163,146 5,096

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 8,018 11,201

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 11,998 12,451

Deferred
tax
£   
Balance at 1 January 2022 12,451
Provided during year (453 )
Balance at 31 December 2022 11,998

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

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.