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Westminster Investments & Holdings Ltd

Unaudited Financial Statements for the Year Ended 31 May 2023






Westminster Investments & Holdings Ltd (Registered number: 12023176)






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


Westminster Investments & Holdings Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: L A Connolly





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 12023176 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Westminster Investments & Holdings Ltd (Registered number: 12023176)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 766 654
Investment property 5 354,091 249,000
354,857 249,654

CURRENT ASSETS
Cash at bank 738 48,878

CREDITORS
Amounts falling due within one year 6 57,875 71,215
NET CURRENT LIABILITIES (57,137 ) (22,337 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,720

227,317

CREDITORS
Amounts falling due after more than one
year

7

(259,951

)

(195,833

)

PROVISIONS FOR LIABILITIES (13,396 ) (13,374 )
NET ASSETS 24,373 18,110

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 39,749 39,749
Retained earnings (15,476 ) (21,739 )
24,373 18,110

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 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.

Westminster Investments & Holdings Ltd (Registered number: 12023176)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2024 and were signed by:





L A Connolly - Director


Westminster Investments & Holdings Ltd (Registered number: 12023176)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Westminster Investments & Holdings 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.

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 represents net rent recieved in the year.

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 etc - 20% 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.

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 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.

3. EMPLOYEES AND DIRECTORS

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

Westminster Investments & Holdings Ltd (Registered number: 12023176)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 818
Additions 958
Disposals (818 )
At 31 May 2023 958
DEPRECIATION
At 1 June 2022 164
Charge for year 192
Eliminated on disposal (164 )
At 31 May 2023 192
NET BOOK VALUE
At 31 May 2023 766
At 31 May 2022 654

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 249,000
Additions 105,091
At 31 May 2023 354,091
NET BOOK VALUE
At 31 May 2023 354,091
At 31 May 2022 249,000

Investment properties were valued using market data by the director on the 31st May 2023.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,213 10,466
Other creditors 51,662 60,749
57,875 71,215

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 259,951 195,833

Westminster Investments & Holdings Ltd (Registered number: 12023176)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 222,674 156,615

8. RESERVES
Fair
value
reserve
£   
At 1 June 2022
and 31 May 2023 39,749