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REGISTERED NUMBER: SC533059 (Scotland)










Unaudited Financial Statements

for the Year Ended 30 April 2023

for

WESTBURN INVESTMENTS LTD

WESTBURN INVESTMENTS LTD (REGISTERED NUMBER: SC533059)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTBURN INVESTMENTS LTD

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Ms C J Fletcher
Mr S C Pottinger





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC533059 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

WESTBURN INVESTMENTS LTD (REGISTERED NUMBER: SC533059)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 8,254,461 6,272,081
Investment property 5 211,382 211,382
8,465,843 6,483,463

CURRENT ASSETS
Debtors 6 1,213,000 497,083
Cash at bank and in hand 623,343 383,890
1,836,343 880,973
CREDITORS
Amounts falling due within one year 7 6,301,134 4,965,571
NET CURRENT LIABILITIES (4,464,791 ) (4,084,598 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,001,052

2,398,865

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 4,001,043 2,398,856
4,001,052 2,398,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

WESTBURN INVESTMENTS LTD (REGISTERED NUMBER: SC533059)

Balance Sheet - continued
30 April 2023


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 3 October 2023 and were signed on its behalf by:




Ms C J Fletcher - Director



Mr S C Pottinger - Director


WESTBURN INVESTMENTS LTD (REGISTERED NUMBER: SC533059)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Westburn Investments Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

WESTBURN INVESTMENTS LTD (REGISTERED NUMBER: SC533059)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2022 6,272,081
Additions 2,087,474
Revaluations (105,094 )
At 30 April 2023 8,254,461
NET BOOK VALUE
At 30 April 2023 8,254,461
At 30 April 2022 6,272,081

Cost or valuation at 30 April 2023 is represented by:

Other
investments
£   
Valuation in 2020 (140,942 )
Valuation in 2021 511,592
Valuation in 2022 (497,557 )
Valuation in 2023 (105,193 )
Cost 8,486,461
8,254,361

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
UNLISTED INVESTMENTS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 6,272,081
Additions 2,087,474
Revaluations (105,094 )
8,254,461

CLIENT SCREEN TOTAL = 8,254,361


WESTBURN INVESTMENTS LTD (REGISTERED NUMBER: SC533059)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 211,382
NET BOOK VALUE
At 30 April 2023 211,382
At 30 April 2022 211,382

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,213,000 497,083

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 4,901,251 4,901,251
Tax - 56,474
Directors' current accounts 1,357,039 7,013
Accrued expenses 42,844 833
6,301,134 4,965,571