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REGISTERED NUMBER: 01090422 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WEST LONDON PLASTICS LIMITED

WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 4


WEST LONDON PLASTICS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







Directors: Mrs K Lipsos
Ms H Varkaris





Registered office: Unit 2
32-34 Station Close
Potters Bar
Hertfordshire
EN6 ITL





Business address: 10 Gregoriou Scholariou Str
Strovolos 2045
Nicosia
Cyprus





Registered number: 01090422 (England and Wales)





Accountants: JOHN ALEXANDER LIMITED
Chartered Certified Accountants &
Statutory Auditor
Unit 2, 32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL

WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 902,816 902,816

Current assets
Debtors 5 49,980 79,230
Investments 6 1,575 1,575
Cash at bank 335,175 224,193
386,730 304,998
Creditors
Amounts falling due within one year 7 34,719 25,234
Net current assets 352,011 279,764
Total assets less current liabilities 1,254,827 1,182,580

Creditors
Amounts falling due after more than one
year

8

30,000

26,000
Net assets 1,224,827 1,156,580

Capital and reserves
Called up share capital 9 20,000 20,000
Retained earnings 1,204,827 1,136,580
Shareholders' funds 1,224,827 1,156,580

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422)

STATEMENT OF FINANCIAL POSITION - continued
31 March 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by:





Ms H Varkaris - Director


WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. Statutory information

West London Plastics 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - no depreciation provided

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

2. Accounting policies - continued

Turnover
a) Turnover consists of rents receivable. The receipts are derived from the rental of industrial investment properties.

b) Investment properties: Individual freehold and leasehold properties are revalued every three years with the surplus or deficit on book value being transferred to the revaluation reserve, unless a deficit (or its reversal) is expected to be permanent, in which case it is charged (or credited) to the profit and loss account. Where depreciation charges are increased following a revaluation, an amount equal to the increase is transferred annually from the revaluation reserve to the profit and loss account as a movement on reserves. On the disposal of a revalued fixed asset, any related balance in the revaluation reserve is also transferred to the profit and loss account as a movement on reserves.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

4. Tangible fixed assets
Freehold
property
£   
Cost
At 1 April 2022
and 31 March 2023 902,816
Net book value
At 31 March 2023 902,816
At 31 March 2022 902,816

5. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 29,250

Amounts falling due after more than one year:
Amounts owed by participating interests 49,980 49,980

Aggregate amounts 49,980 79,230

6. Current asset investments
2023 2022
£    £   
Listed investments 1,575 1,575

WEST LONDON PLASTICS LIMITED (REGISTERED NUMBER: 01090422)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 76
Taxation and social security 31,959 23,058
Other creditors 2,760 2,100
34,719 25,234

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 30,000 26,000

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £1 20,000 20,000