IRIS Accounts Production v23.3.0.418 11844224 director 1.3.22 28.2.23 28.2.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118442242022-02-28118442242023-02-28118442242022-03-012023-02-28118442242021-02-28118442242021-03-012022-02-28118442242022-02-2811844224ns10:Originalns15:EnglandWales2022-03-012023-02-2811844224ns14:PoundSterlingns10:Original2022-03-012023-02-2811844224ns10:Originalns10:Director12022-03-012023-02-2811844224ns10:Original2022-03-012023-02-2811844224ns10:Original2023-02-2811844224ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2811844224ns10:Originalns10:SmallEntities2022-03-012023-02-2811844224ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2811844224ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811844224ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2811844224ns10:Originalns10:FullAccounts2022-03-012023-02-2811844224ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2811844224ns10:Originalns10:RegisteredOffice2022-03-012023-02-2811844224ns10:Original2022-02-2811844224ns10:Originalns5:CurrentFinancialInstruments2023-02-2811844224ns10:Originalns5:CurrentFinancialInstruments2022-02-2811844224ns10:Originalns5:Non-currentFinancialInstruments2023-02-2811844224ns10:Originalns5:Non-currentFinancialInstruments2022-02-2811844224ns5:ShareCapitalns10:Original2023-02-2811844224ns5:ShareCapitalns10:Original2022-02-2811844224ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2811844224ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811844224ns10:Originalns5:ComputerEquipment2022-03-012023-02-2811844224ns10:Original2021-03-012022-02-2811844224ns10:Originalns5:ComputerEquipment2022-02-2811844224ns10:Originalns5:ComputerEquipment2023-02-2811844224ns10:Originalns5:ComputerEquipment2022-02-2811844224ns10:Original2022-02-2811844224ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2811844224ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2811844224ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2811844224ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-02-2811844224ns5:Securedns10:Original2023-02-2811844224ns5:Securedns10:Original2022-02-2811844224ns10:Originalns10:OrdinaryShareClass12023-02-2811844224ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811844224ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-012023-02-28
REGISTERED NUMBER: 11844224 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WESTPATH LTD

WESTPATH LTD (REGISTERED NUMBER: 11844224)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WESTPATH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: M Y Gluck





REGISTERED OFFICE: 85 Fawcett Estate
Clapton Common
London
E5 9AX





REGISTERED NUMBER: 11844224 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

WESTPATH LTD (REGISTERED NUMBER: 11844224)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 207 309
Investment property 5 791,144 465,488
791,351 465,797

CURRENT ASSETS
Debtors 6 75,177 66,558
Investments 7 18,100 18,100
Cash at bank 1,873 13,097
95,150 97,755
CREDITORS
Amounts falling due within one year 8 (339,747 ) (326,509 )
NET CURRENT LIABILITIES (244,597 ) (228,754 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

546,754

237,043

CREDITORS
Amounts falling due after more than one
year

9

(579,545

)

(263,393

)
NET LIABILITIES (32,791 ) (26,350 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 (32,792 ) (26,351 )
SHAREHOLDERS' FUNDS (32,791 ) (26,350 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WESTPATH LTD (REGISTERED NUMBER: 11844224)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 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 director and authorised for issue on 22 November 2023 and were signed by:





M Y Gluck - Director


WESTPATH LTD (REGISTERED NUMBER: 11844224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Westpath Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 635
DEPRECIATION
At 1 March 2022 326
Charge for year 102
At 28 February 2023 428
NET BOOK VALUE
At 28 February 2023 207
At 28 February 2022 309

WESTPATH LTD (REGISTERED NUMBER: 11844224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 465,488
Additions 325,656
At 28 February 2023 791,144
NET BOOK VALUE
At 28 February 2023 791,144
At 28 February 2022 465,488

The director has confirmed that there is no significant increase or decrease in the property market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 5,088 2,469
Other debtors 70,089 64,089
75,177 66,558

7. CURRENT ASSET INVESTMENTS
28.2.23 28.2.22
£    £   
Unlisted investments 18,100 18,100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Social security and other taxes 38 38
Other creditors 338,929 325,751
Accrued expenses 780 720
339,747 326,509

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans more 5 yrs non-inst 579,545 263,393

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 579,545 263,393

WESTPATH LTD (REGISTERED NUMBER: 11844224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 579,545 263,393

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary 1 1 1

12. RESERVES
Retained
earnings
£   

At 1 March 2022 (26,351 )
Deficit for the year (6,441 )
At 28 February 2023 (32,792 )

13. ULTIMATE CONTROLLING PARTY

The controlling party is M Y Gluck.