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Company Registration No. 08827597 (England and Wales)
Westbank Properties Ltd Unaudited accounts for the year ended 31 July 2023
Westbank Properties Ltd Unaudited accounts Contents
Page
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Westbank Properties Ltd Company Information for the year ended 31 July 2023
Directors
Vincent Spierings Mark Russel Gale
Company Number
08827597 (England and Wales)
Registered Office
112 Broadway Peterborough PE1 4DG England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Westbank Properties Ltd Accountants' report
Accountants' report to the board of directors of Westbank Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Westbank Properties Ltd for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Westbank Properties Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Westbank Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westbank Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Westbank Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Westbank Properties Ltd. You consider that Westbank Properties Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Westbank Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 5 February 2023
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Westbank Properties Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
28,597 
- 
Current assets
Debtors
84 
84 
Creditors: amounts falling due within one year
(45,387)
(16,250)
Net current liabilities
(45,303)
(16,166)
Net liabilities
(16,706)
(16,166)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(16,710)
(16,170)
Shareholders' funds
(16,706)
(16,166)
For the year ending 31 July 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 8 February 2024 and were signed on its behalf by
Vincent Spierings Director Company Registration No. 08827597
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Westbank Properties Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Westbank Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 08827597. The registered office is 112 Broadway, Peterborough, PE1 4DG, England.
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.
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 certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2022
- 
Additions
28,597 
At 31 July 2023
28,597 
Amortisation
At 1 August 2022
- 
At 31 July 2023
- 
Net book value
At 31 July 2023
28,597 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
84 
84 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
28,597 
- 
Loans from directors
16,250 
16,250 
Accruals
540 
- 
45,387 
16,250 
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Westbank Properties Ltd Notes to the Accounts for the year ended 31 July 2023
7
Transactions with related parties
Included in current liabilities is a loan of £28,597 from Joint Property Ltd, a related company. The loan is interest-free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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