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Company Registration No. 7655980 (England and Wales)
West 11 Design Limited Unaudited accounts for the year ended 31 March 2023
West 11 Design Limited Unaudited accounts Contents
Page
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West 11 Design Limited Company Information for the year ended 31 March 2023
Directors
A Atkinson C Cox
Company Number
7655980 (England and Wales)
Registered Office
45A HIGH STREET ETON WINDSOR SL4 6BL UNITED KINGDOM
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West 11 Design Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
238,854 
217,953 
Investment property
3,165,505 
2,798,063 
3,404,359 
3,016,016 
Current assets
Debtors
46,378 
193,927 
Investments
71,250 
- 
Cash at bank and in hand
615,299 
895,395 
732,927 
1,089,322 
Creditors: amounts falling due within one year
(1,318,163)
(1,639,464)
Net current liabilities
(585,236)
(550,142)
Total assets less current liabilities
2,819,123 
2,465,874 
Creditors: amounts falling due after more than one year
(1,537,877)
(1,532,283)
Provisions for liabilities
Deferred tax
(8,396)
(19,605)
Net assets
1,272,850 
913,986 
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
44,792 
83,583 
Profit and loss account
1,228,056 
830,401 
Shareholders' funds
1,272,850 
913,986 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by
C Cox Director Company Registration No. 7655980
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West 11 Design Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
West 11 Design Limited is a private company, limited by shares, registered in England and Wales, registration number 7655980. The registered office is 45A HIGH STREET, ETON, WINDSOR, SL4 6BL, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard with the exception of long-term leasehold property which is not depreciated. In the opinion of the Directors the property is maintained in a good state for commercial use and as such any depreciation charge would not give a true and fair view of the company's position.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of Investment properties.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: • the Company has transferred the significant risks and rewards of ownership to the buyer; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the transaction; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the year in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: • the amount of revenue can be measured reliably; • it is probable that the Company will receive the consideration due under the contract; • the stage of completion of the contract at the reporting date can be measured reliably; and • the costs incurred and the costs to complete the contract can be measured reliably.
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West 11 Design Limited Notes to the Accounts for the year ended 31 March 2023
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following bases: Motor vehicles - 25% Straight line basis Office equipment - 33% Straight line basis The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income. Long-term leasehold property is not depreciated. The treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated. In the opinion of the directors the property is maintained in a good state for commercial use and as such any depreciation charge would not give a true and fair view of the company's position.
Investment property
Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.
Investments
Investments are valued at the lower of cost and net realisable value. Any income received from these investments is accounted for on the date it is received and recorded as Income from Investments in the profit and loss account.
Deferred taxation
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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West 11 Design Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
212,411 
7,052 
19,000 
238,463 
Additions
22,099 
- 
- 
22,099 
At 31 March 2023
234,510 
7,052 
19,000 
260,562 
Depreciation
At 1 April 2022
- 
1,510 
19,000 
20,510 
Charge for the year
- 
1,198 
- 
1,198 
At 31 March 2023
- 
2,708 
19,000 
21,708 
Net book value
At 31 March 2023
234,510 
4,344 
- 
238,854 
At 31 March 2022
212,411 
5,542 
- 
217,953 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
2,798,063 
Additions
417,442 
Net loss from fair value adjustments
(50,000)
At 31 March 2023
3,165,505 
Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,207 
186,063 
Other debtors
44,171 
7,864 
46,378 
193,927 
7
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
71,250 
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West 11 Design Limited Notes to the Accounts for the year ended 31 March 2023
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,952 
7,952 
Taxes and social security
116,418 
112,801 
Other creditors
265,423 
678,811 
Loans from directors
926,170 
837,700 
Accruals
2,200 
2,200 
1,318,163 
1,639,464 
Bank loans are secured over the property to which they relate.
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,537,877 
1,532,283 
Bank loans are secured over the property to which they relate.
10
Transactions with related parties
Included within other debtors amounts falling due within 1 year is an amount of £41,046 (2022: £7,864) due from companies under common control. Included within other creditors amounts falling due within 1 year is an amount of £58,462 ( 2022: £66,469) due to companies under common control. During the year the company made purchases from companies under common control amounting to £nil (2022: £nil) and made sales to companies under common control of £nil (2021: £4,143).
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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