IRIS Accounts Production v24.1.0.578 12113149 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh121131492022-12-31121131492023-12-31121131492023-01-012023-12-31121131492021-12-31121131492022-01-012022-12-31121131492022-12-3112113149ns15:EnglandWales2023-01-012023-12-3112113149ns14:PoundSterling2023-01-012023-12-3112113149ns10:Director12023-01-012023-12-3112113149ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112113149ns10:SmallEntities2023-01-012023-12-3112113149ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112113149ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112113149ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112113149ns10:FullAccounts2023-01-012023-12-3112113149ns10:Director22023-01-012023-12-3112113149ns10:RegisteredOffice2023-01-012023-12-3112113149ns5:CurrentFinancialInstruments2022-12-3112113149ns5:CurrentFinancialInstruments2023-12-3112113149ns5:ShareCapital2022-12-3112113149ns5:ShareCapital2023-12-3112113149ns5:RetainedEarningsAccumulatedLosses2022-12-3112113149ns5:RetainedEarningsAccumulatedLosses2023-12-3112113149ns5:FurnitureFittings2023-01-012023-12-3112113149ns5:FurnitureFittings2022-12-3112113149ns5:FurnitureFittings2023-12-3112113149ns5:FurnitureFittings2022-12-3112113149ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112113149ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 12113149 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WESTWARD LOOK LTD

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTWARD LOOK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J G M Strover
Mrs I M E Strover





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 12113149 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

BALANCE SHEET
31 DECEMBER 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
9,518 Tangible assets 4 7,753
510,000 Investment property 5 992,237
519,518 999,990

CURRENT ASSETS
120,883 Debtors 6 56,842
86,746 Investments 7 -
375,792 Cash at bank 12,963
583,421 69,805
CREDITORS
3,854 Amounts falling due within one year 8 7,525
579,567 NET CURRENT ASSETS 62,280
1,099,085 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,062,270

CAPITAL AND RESERVES
1,158,800 Called up share capital 1,158,800
(59,715 ) Retained earnings (96,530 )
1,099,085 SHAREHOLDERS' FUNDS 1,062,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





Mrs I M E Strover - Director


WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Westward Look 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 dividends received from current asset investments and rental income from property lettings.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

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.

In accordance with FRS 102 section 1A, investment property is revalued annually at fair value.

Where the fair value of a property is below its original cost, any surplus or deficit on revaluation is transferred to the profit and loss account.

Where the current fair value of a property is in excess of its original cost, any surplus or deficit on revaluation is transferred to the revaluation reserve.

No depreciation is provided in respect of investment property.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans, hire purchase and lease contracts.


WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Current asset investments
Investments consist of a managed investment portfolio.

The investments are stated at the lower of cost or net realisable value.

Any surplus or deficit on revaluation is transferred to the profit and loss account.

Any surplus or deficit on the disposal of investment holdings is transferred to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 11,897
Additions 768
At 31 December 2023 12,665
DEPRECIATION
At 1 January 2023 2,379
Charge for year 2,533
At 31 December 2023 4,912
NET BOOK VALUE
At 31 December 2023 7,753
At 31 December 2022 9,518

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 510,000
Additions 482,237
At 31 December 2023 992,237
NET BOOK VALUE
At 31 December 2023 992,237
At 31 December 2022 510,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 (33,108 )
Cost 1,025,345
992,237

Investment property was valued on an open market basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,035 -
Amounts owed by group undertakings 2,715 2,715
Other debtors 53,092 118,168
56,842 120,883

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Listed investments and cash on deposit - 86,746

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security - 609
Other creditors 7,525 3,245
7,525 3,854