Western Blocks Holdings Limited 05247231 false 2022-03-30 2023-03-29 2023-03-29 The principal activity of the company is the rental of its premises and machinery, the sale of concrete products and the provision of management services. Digita Accounts Production Advanced 6.30.9574.0 true 05247231 2022-03-30 2023-03-29 05247231 2023-03-29 05247231 core:RetainedEarningsAccumulatedLosses 2023-03-29 05247231 core:RevaluationReserve 2023-03-29 05247231 core:ShareCapital 2023-03-29 05247231 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-29 05247231 bus:SmallEntities 2022-03-30 2023-03-29 05247231 bus:AuditExemptWithAccountantsReport 2022-03-30 2023-03-29 05247231 bus:FullAccounts 2022-03-30 2023-03-29 05247231 bus:SmallCompaniesRegimeForAccounts 2022-03-30 2023-03-29 05247231 bus:RegisteredOffice 2022-03-30 2023-03-29 05247231 bus:Director1 2022-03-30 2023-03-29 05247231 bus:PrivateLimitedCompanyLtd 2022-03-30 2023-03-29 05247231 countries:England 2022-03-30 2023-03-29 05247231 2022-03-29 05247231 2021-03-30 2022-03-29 05247231 2022-03-29 05247231 core:RetainedEarningsAccumulatedLosses 2022-03-29 05247231 core:RevaluationReserve 2022-03-29 05247231 core:ShareCapital 2022-03-29 05247231 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-29 iso4217:GBP xbrli:pure

Registration number: 05247231

Western Blocks Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 March 2023

 

Western Blocks Holdings Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Western Blocks Holdings Limited

Balance Sheet

as at 29 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

750,000

750,000

Current assets

 

Debtors

5

600

600

Cash at bank and in hand

 

25,575

30,441

 

26,175

31,041

Creditors: Amounts falling due within one year

6

(303,629)

(351,041)

Net current liabilities

 

(277,454)

(320,000)

Net assets

 

472,546

430,000

Capital and reserves

 

Allotted, called up and fully paid share capital

400,000

400,000

Revaluation reserve

361,303

361,303

Profit and loss account

(288,757)

(331,303)

Shareholders' funds

 

472,546

430,000

Registration number: 05247231

 

Western Blocks Holdings Limited

Balance Sheet

as at 29 March 2023 (continued)

For the financial year ending 29 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 September 2023 and signed on its behalf by:
 

.........................................
Mr E B McMullan
Director

 

Western Blocks Holdings Limited

Notes to the Unaudited Financial Statements

for the Year Ended 29 March 2023

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 05247231.

The address of its registered office is:
First Floor
Rosemount House
Huddersfield Road
Elland
West Yorkshire
HX5 0EE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Other income comprises the fair value of the rent received for the investment property.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 

Western Blocks Holdings Limited

Notes to the Unaudited Financial Statements

for the Year Ended 29 March 2023 (continued)

2

Accounting policies (continued)

Investment property

The investment property was revalued in 2017 and the fair value adjustment was made against the revaluation reserve.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investment properties

2017
£

2023
£

At 30 March 2022

750,000

750,000

At 29 March 2023

750,000

750,000


The property was re-valued on 11 October 2017 by Alder King LLP at £750,000 and this value is considered, by the directors, to be the current fair value of the property. The original cost of the property was £388,697 and the revaluation surplus is shown within the revaluation reserve.

5

Debtors

Current

2023
£

2022
£

Other debtors

600

600

 

Western Blocks Holdings Limited

Notes to the Unaudited Financial Statements

for the Year Ended 29 March 2023 (continued)

6

Creditors

2023
£

2022
£

Due within one year

Trade creditors

2,900

-

Amounts owed to connected companies

250,000

300,000

Other creditors

40,249

40,249

Accruals and deferred income

500

-

Corporation tax

9,980

10,792

303,629

351,041