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REGISTERED NUMBER: SC254760 (Scotland)




















West Park House Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






West Park House Limited (Registered number: SC254760)






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


West Park House Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: I H Bright



SECRETARY: Whitelaw Wells



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT



REGISTERED NUMBER: SC254760 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
Reform Street
PO BOX 17235
Dundee
EH11 1YH

West Park House Limited (Registered number: SC254760)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,664
Tangible assets 5 219,787 73,812
219,787 75,476

CURRENT ASSETS
Stocks 77,000 78,500
Debtors 6 130,871 46,617
Cash at bank and in hand 89,555 315,913
297,426 441,030
CREDITORS
Amounts falling due within one year 7 205,879 106,425
NET CURRENT ASSETS 91,547 334,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,334

410,081

CREDITORS
Amounts falling due after more than
one year

8

(121,943

)

(243,448

)

PROVISIONS FOR LIABILITIES (5,993 ) -
NET ASSETS 183,398 166,633

West Park House Limited (Registered number: SC254760)

Balance Sheet - continued
31 May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 182,398 165,633
SHAREHOLDERS' FUNDS 183,398 166,633

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 her 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.

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 22 February 2024 and were signed by:





I H Bright - Director


West Park House Limited (Registered number: SC254760)

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

1. STATUTORY INFORMATION

West Park House Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover and revenue recognition
Turnover represents fees invoiced for the provision of nursing care services (all fees are exempt from value added tax).

Revenue is recognised when the nursing care service has been delivered to the individual.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company become a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using the effective interest method.The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Financial assets at cost compromise bank, trade debtors and other debtors. Financial liabilities compromise trade creditors, accruals and other creditors.

West Park House Limited (Registered number: SC254760)

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

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

West Park House Limited (Registered number: SC254760)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2022 100,000 2,080 102,080
Disposals - (2,080 ) (2,080 )
At 31 May 2023 100,000 - 100,000
AMORTISATION
At 1 June 2022 100,000 416 100,416
Eliminated on disposal - (416 ) (416 )
At 31 May 2023 100,000 - 100,000
NET BOOK VALUE
At 31 May 2023 - - -
At 31 May 2022 - 1,664 1,664

West Park House Limited (Registered number: SC254760)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 404,760
Additions 200,141
Disposals (68,342 )
At 31 May 2023 536,559
DEPRECIATION
At 1 June 2022 330,948
Charge for year 54,166
Eliminated on disposal (68,342 )
At 31 May 2023 316,772
NET BOOK VALUE
At 31 May 2023 219,787
At 31 May 2022 73,812

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 45,474
Additions 117,213
Disposals (45,474 )
At 31 May 2023 117,213
DEPRECIATION
At 1 June 2022 45,474
Charge for year 29,303
Eliminated on disposal (45,474 )
At 31 May 2023 29,303
NET BOOK VALUE
At 31 May 2023 87,910
At 31 May 2022 -

West Park House Limited (Registered number: SC254760)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 105,215 27,500
Other debtors 25,656 19,117
130,871 46,617

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 19,696 1,338
Trade creditors 3,424 1,019
Taxation and social security 61,099 56,825
Other creditors 121,660 47,243
205,879 106,425

Included in other creditors is the portion of a £250,000 bounce back loan of £83,333 (2022: £18,269) repayable within one year.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 38,610 -
Other creditors 83,333 243,448
121,943 243,448

Included in other creditors is the portion of a £250,000 bounce back loan of £83,333 (2022: £237,731) repayable in more than one year.

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 19,696 1,338
Between one and five years 38,610 -
58,306 1,338

West Park House Limited (Registered number: SC254760)

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

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 93,210 97,075

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 178,384 277,340

Other loans are secured by the director who has given a personal guarantee to another lender.

The company's bank hold a bond and floating charge over the company's assets. The director has also given a personal guarantee over her personal property.