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REGISTERED NUMBER: 04810981 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

WESTONHOUSE PROPERTY LIMITED

WESTONHOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04810981)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WESTONHOUSE PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: Mrs V I Banthorpe





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 04810981 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

WESTONHOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04810981)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 285 335
Investment property 5 95,000 100,000
95,285 100,335

CURRENT ASSETS
Cash at bank 15,600 10,357

CREDITORS
Amounts falling due within one year 6 34,873 30,904
NET CURRENT LIABILITIES (19,273 ) (20,547 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,012

79,788

PROVISIONS FOR LIABILITIES 7 2,059 3,019
NET ASSETS 73,953 76,769

CAPITAL AND RESERVES
Called up share capital 8 1 1
Special reserve 9 8,549 12,599
Retained earnings 9 65,403 64,169
SHAREHOLDERS' FUNDS 73,953 76,769

WESTONHOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04810981)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 1 November 2023 and were signed by:





Mrs V I Banthorpe - Director


WESTONHOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04810981)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Westonhouse Property 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

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.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 1 (2022 - 1 ) .

WESTONHOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04810981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 July 2022
and 30 June 2023 3,125 933 4,058
Depreciation
At 1 July 2022 2,790 933 3,723
Charge for year 50 - 50
At 30 June 2023 2,840 933 3,773
Net book value
At 30 June 2023 285 - 285
At 30 June 2022 335 - 335

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 July 2022 100,000
Revaluations (5,000 )
At 30 June 2023 95,000
Net book value
At 30 June 2023 95,000
At 30 June 2022 100,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2016 8,637
Valuation in 2017 10,000
Valuation in 2020 11,917
Valuation in 2022 (15,000 )
Valuation in 2023 (5,000 )
Cost 84,446
95,000

investment property was valued on an open market basis on 23 January 2023 by the director .

WESTONHOUSE PROPERTY LIMITED (REGISTERED NUMBER: 04810981)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 299 649
Other creditors 34,574 30,255
34,873 30,904

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,059 3,019

Deferred
tax
£   
Balance at 1 July 2022 3,019
Credit to Income Statement during year (960 )
Balance at 30 June 2023 2,059

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

9. RESERVES

Special reserve
The special reserve comprise the balance of fair values relating to the freehold property net of deferred tax on the gain. This reserve is non-distributable.

Retained earnings
The retained earnings comprise the balance of profits accumulated over the life of the company. This reserve is distributable.