Registered number
05799377
Westhorpe (2-24) Limited
Filleted Accounts
30 April 2023
Westhorpe (2-24) Limited
Registered number: 05799377
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 27,993 27,993
Current assets
Debtors 4 6,352 644
Cash at bank and in hand 36,068 22,341
42,420 22,985
Creditors: amounts falling due within one year 5 (13,828) (11,482)
Net current assets 28,592 11,503
Net assets 56,585 39,496
Capital and reserves
Profit and loss account 56,585 39,496
Members' funds 56,585 39,496
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Srinivasa Rao Anne
Director
Approved by the board on 29 December 2023
Westhorpe (2-24) Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Contribution income represents the value of the contributions made by members towards the cost of purchasing the freehold interest of the flats. Service charges represents the income derived from service charges collected.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 May 2022 27,993
At 30 April 2023 27,993
4 Debtors 2023 2022
£ £
Trade debtors 5,681 -
Other debtors 671 644
6,352 644
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 2,536 259
Other creditors 11,292 11,223
13,828 11,482
6 Other information
Westhorpe (2-24) Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Sapphire Heights Courtyard
31 Tenby Street North
Birmingham
West Midlands
B1 3ES
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