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REGISTERED NUMBER: 12237718 (England and Wales)










Financial Statements

for the Year Ended 31 October 2022

for

Westwinds Property Services Limited

Westwinds Property Services Limited (Registered number: 12237718)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westwinds Property Services Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: M Donohue
P Donohue





REGISTERED OFFICE: 304a Toft Hill
Bishop Auckland
DL14 0PY





REGISTERED NUMBER: 12237718 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Westwinds Property Services Limited (Registered number: 12237718)

Balance Sheet
31 October 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 3 7,153 11,037

CURRENT ASSETS
Stocks 53,825 -
Debtors 4 19,972 50,818
Cash at bank 9,796 36,145
83,593 86,963
CREDITORS
Amounts falling due within one year 5 (60,723 ) (39,118 )
NET CURRENT ASSETS 22,870 47,845
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,023

58,882

CREDITORS
Amounts falling due after more than one year 6 (32,512 ) (35,007 )
NET (LIABILITIES)/ASSETS (2,489 ) 23,875

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (2,499 ) 23,865
(2,489 ) 23,875

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

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

Westwinds Property Services Limited (Registered number: 12237718)

Balance Sheet - continued
31 October 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 27 October 2023 and were signed on its behalf by:





P Donohue - Director


Westwinds Property Services Limited (Registered number: 12237718)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. 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.

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.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Westwinds Property Services Limited (Registered number: 12237718)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021 17,767
Disposals (3,000 )
At 31 October 2022 14,767
DEPRECIATION
At 1 November 2021 6,730
Charge for year 2,384
Eliminated on disposal (1,500 )
At 31 October 2022 7,614
NET BOOK VALUE
At 31 October 2022 7,153
At 31 October 2021 11,037

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,857 21,993
Other debtors 12,115 28,825
19,972 50,818

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,442 8,592
Trade creditors 36,512 -
Taxation and social security 13,363 16,588
Other creditors 6,406 13,938
60,723 39,118

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 32,512 35,007

Westwinds Property Services Limited (Registered number: 12237718)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

2022 2021
£    £   
M Donohue
Balance outstanding at start of year (7,750 ) (156 )
Amounts advanced 39,625 3,406
Amounts repaid (19,760 ) (11,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,115 (7,750 )