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REGISTERED NUMBER: 00428515 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

WEST BROTHERS (FROME) LTD

WEST BROTHERS (FROME) LTD (REGISTERED NUMBER: 00428515)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


WEST BROTHERS (FROME) LTD

Company Information
for the year ended 30 June 2023







DIRECTORS: M J West
J M G Pengelley





SECRETARY: H J C West





REGISTERED OFFICE: Hardings Ground
Lyes Green
Corsley
Wiltshire
BA12 7PA





REGISTERED NUMBER: 00428515 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
West Brothers (Frome) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Brothers (Frome) Ltd for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of West Brothers (Frome) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of West Brothers (Frome) Ltd and state those matters that we have agreed to state to the Board of Directors of West Brothers (Frome) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Brothers (Frome) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that West Brothers (Frome) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of West Brothers (Frome) Ltd. You consider that West Brothers (Frome) 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 financial statements of West Brothers (Frome) 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 financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


12 March 2024

WEST BROTHERS (FROME) LTD (REGISTERED NUMBER: 00428515)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,171 4,907
Investments 5 3,522,400 3,336,761
Investment property 6 950,000 950,000
4,476,571 4,291,668

CURRENT ASSETS
Cash at bank 343,062 337,303

CREDITORS
Amounts falling due within one year 7 2,284 3,370
NET CURRENT ASSETS 340,778 333,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,817,349

4,625,601

PROVISIONS FOR LIABILITIES 8 621,168 578,738
NET ASSETS 4,196,181 4,046,863

CAPITAL AND RESERVES
Called up share capital 9 34,600 34,600
Capital redemption reserve 3,344 3,344
Retained earnings 4,158,237 4,008,919
SHAREHOLDERS' FUNDS 4,196,181 4,046,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

WEST BROTHERS (FROME) LTD (REGISTERED NUMBER: 00428515)

Balance Sheet - continued
30 June 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 5 March 2024 and were signed on its behalf by:





M J West - Director


WEST BROTHERS (FROME) LTD (REGISTERED NUMBER: 00428515)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

West Brothers (Frome) 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.

Critical accounting judgements and key sources of estimation uncertainty
The directors have used their judgement based on current property values and recent property sales in the area to estimate the value of the investment property at the year end.

No other significant judgements or key assumptions have had to be made by the directors in preparing the financial statements.

Fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are initially recorded at cost. No depreciation has been provided on freehold property as depreciation to the residual value would be immaterial.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


WEST BROTHERS (FROME) LTD (REGISTERED NUMBER: 00428515)

Notes to the Financial Statements - continued
for the year ended 30 June 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.

Fixed asset investments
Fixed asset investments are shown at the valuation at the year end. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

Income arising from fixed asset investments is recognised in the profit and loss account when received.

Hire purchase and leasing agreements
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

WEST BROTHERS (FROME) LTD (REGISTERED NUMBER: 00428515)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2022
and 30 June 2023 20,390
DEPRECIATION
At 1 July 2022 15,483
Charge for year 736
At 30 June 2023 16,219
NET BOOK VALUE
At 30 June 2023 4,171
At 30 June 2022 4,907

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2022 3,336,761
Revaluations 185,639
At 30 June 2023 3,522,400
NET BOOK VALUE
At 30 June 2023 3,522,400
At 30 June 2022 3,336,761


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 950,000
NET BOOK VALUE
At 30 June 2023 950,000
At 30 June 2022 950,000


WEST BROTHERS (FROME) LTD (REGISTERED NUMBER: 00428515)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 480 -
Taxation and social security 505 799
Other creditors 1,299 2,571
2,284 3,370

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 621,168 578,738

Deferred
tax
£   
Balance at 1 July 2022 578,738
Reval - listed investments 42,697
Accelerated capital allowances (267 )
Reval - investment property
Balance at 30 June 2023 621,168

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
34,600 Ordinary £1 34,600 34,600