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REGISTERED NUMBER: 11082280 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

43 West Park Limited

43 West Park Limited (Registered number: 11082280)






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


43 West Park Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J S Lee
D W Osborne





REGISTERED OFFICE: 43 West Park
London
SE9 4RZ





REGISTERED NUMBER: 11082280 (England and Wales)





ACCOUNTANTS: Sawin & Edwards LLP Chartered Accountants
Studio 16
Cloisters House
8 Battersea Park Road
London
SW8 4BG

43 West Park Limited (Registered number: 11082280)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 141,386 141,386

CURRENT ASSETS
Debtors 5 4,579 2,139
Cash at bank 3,784 7,006
8,363 9,145
CREDITORS
Amounts falling due within one year 6 (145,877 ) (146,789 )
NET CURRENT LIABILITIES (137,514 ) (137,644 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,872

3,742

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 872 742
3,872 3,742

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.

43 West Park Limited (Registered number: 11082280)

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 11 April 2024 and were signed on its behalf by:





D W Osborne - Director


43 West Park Limited (Registered number: 11082280)

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

1. STATUTORY INFORMATION

43 West Park Limited 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.

The presentation currency of the financial statements is Pound Sterling (£).

The financial statements present information about the company as a single entity.

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
Income from fixed assets investments is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

43 West Park Limited (Registered number: 11082280)

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

2. ACCOUNTING POLICIES - continued

Exceptional items
Items of income and expenditure which are material, non-recurring and not related to the company's core business are reported on the income statement below the profit or loss on ordinary activities.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, such as other debtors and creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments.

Debtors and creditors
Basic financial assets and liabilities, including other debtors and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts, discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 141,386
NET BOOK VALUE
At 31 December 2023 141,386
At 31 December 2022 141,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,579 2,139

43 West Park Limited (Registered number: 11082280)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 145,067 145,026
Accruals and deferred income 780 1,281
Taxation and social security 30 482
145,877 146,789

7. RELATED PARTY DISCLOSURES

During the year, shareholders loaned the company £3,000 (2022: £Nil), loans amounting to £2,960 (2022: £19,000) were repaid by the shareholders to the company. At the year end, the balance owed by the company to the shareholders amounted to £145,066 (2022: £145,026). The loans are unsecured, interest free and without fixed repayment terms.

The company collects service charges and pays expenses on behalf of the the leaseholders of the property owned by the company. During the year, service charges collected from the leaseholders amounted to £5,064 (2022: £1,806) and expenses incurred on behalf of leaseholders amounted to £7,504 (2022: £2,104). Included in other debtors at the year end is a balance owed by the leaseholders amounting to £4,544 (2022: £2,104).