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
West Gates Limited
Company Information
for the year ended 31 December 2022
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
West Gates Limited
Statement of financial position
as at 31 December 2022
Tangible assets
67,768
76,435
Investment property
4,075,276
3,435,078
Debtors
3,037,885
3,203,325
Cash at bank and in hand
125,048
509,424
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
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
West Gates Limited
Notes to the Accounts
for the year ended 31 December 2022
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 December 2022
67,325
443
67,768
At 31 December 2021
75,865
570
76,435
Fair value at 1 January 2022
3,435,078
At 31 December 2022
4,075,276
West Gates Limited
Notes to the Accounts
for the year ended 31 December 2022
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
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).