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REGISTERED NUMBER: 09054254 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

WEST PARK INVESTMENT PARTNERSHIP LIMITED

WEST PARK INVESTMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 09054254)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST PARK INVESTMENT PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: James Roper
Michelle Strong
Ian Strong
Robert Treweek





REGISTERED OFFICE: 3 Clayton Wood Court
West Park Ring Road
Leeds
LS16 6QW





REGISTERED NUMBER: 09054254 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
1 Valley Court
Canal Road
Bradford
West Yorkshire
BD1 4SP

WEST PARK INVESTMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 09054254)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 239,731 246,786
Investments 5 235,629 211,629
475,360 458,415

CURRENT ASSETS
Debtors 6 202,403 140,865
Cash at bank 916,195 738,320
1,118,598 879,185
CREDITORS
Amounts falling due within one year 7 218,660 320,650
NET CURRENT ASSETS 899,938 558,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,375,298

1,016,950

PROVISIONS FOR LIABILITIES 1,287 1,390
NET ASSETS 1,374,011 1,015,560

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Profit and loss account 1,354,011 995,560
1,374,011 1,015,560

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 PARK INVESTMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 09054254)

BALANCE SHEET - continued
31 MAY 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





Michelle Strong - Director


WEST PARK INVESTMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 09054254)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

West Park Investment Partnership 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.
Freehold property - 2% on cost
Computer equipment - 33% on cost
Fixtures and fittings - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

WEST PARK INVESTMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 09054254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INVESTMENTS
Investments comprise investments in quoted and unquoted equity instruments. The unquoted equity instruments are measured at cost.The quoted equity investments are measured at fair value. Changes in fair value are recognised in the profit and loss account.

INCOME RECOGNITION
Income recognised when goods and services have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Computer and
property equipment fittings Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 244,360 27,294 12,519 284,173
DEPRECIATION
At 1 June 2022 4,888 23,223 9,276 37,387
Charge for year 4,888 1,356 811 7,055
At 31 May 2023 9,776 24,579 10,087 44,442
NET BOOK VALUE
At 31 May 2023 234,584 2,715 2,432 239,731
At 31 May 2022 239,472 4,071 3,243 246,786

WEST PARK INVESTMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 09054254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2022 211,629
Additions 24,000
At 31 May 2023 235,629
NET BOOK VALUE
At 31 May 2023 235,629
At 31 May 2022 211,629

Cost or valuation at 31 May 2023 is represented by:

Other
investments
£   
Cost 235,629

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 147,805 136,660
Other debtors 54,598 4,205
202,403 140,865

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 203,902 215,107
Other creditors 14,758 105,543
218,660 320,650

WEST PARK INVESTMENT PARTNERSHIP LIMITED (REGISTERED NUMBER: 09054254)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. RELATED PARTY DISCLOSURES

Creditors falling due within one year includes the following directors' loans:

2023 2022

£    £   

Michelle Strong 1,891 31,899
James Roper 10,813 11,855
Ian Strong (72,189 ) 41,017
Robert Treweek 7,144 3,545
(52,341 ) 88,316

Any three of the four shareholders have control over the majority of shares in the company, and together with their involvement in it's day to day management , are deemed to be the controlling parties for the purpose of the Financial Reporting Standard No.102.

9. PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £ (2022:£215,913).Contributions totalling £ (2022: £1,644) were payable to the fund at the year end and are included in creditors.