Silverfin false false 30/06/2023 01/07/2022 30/06/2023 Mr C Cornell 16/06/2022 Mr L Cornell 16/06/2022 Mr R Westhead 16/06/2022 15 April 2024 The principal activity of the Company during the financial year was property development. 14177982 2023-06-30 14177982 bus:Director1 2023-06-30 14177982 bus:Director2 2023-06-30 14177982 bus:Director3 2023-06-30 14177982 core:CurrentFinancialInstruments 2023-06-30 14177982 core:Non-currentFinancialInstruments 2023-06-30 14177982 core:ShareCapital 2023-06-30 14177982 core:RetainedEarningsAccumulatedLosses 2023-06-30 14177982 core:CurrentFinancialInstruments 1 2023-06-30 14177982 2022-07-01 2023-06-30 14177982 bus:FilletedAccounts 2022-07-01 2023-06-30 14177982 bus:SmallEntities 2022-07-01 2023-06-30 14177982 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 14177982 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 14177982 bus:Director1 2022-07-01 2023-06-30 14177982 bus:Director2 2022-07-01 2023-06-30 14177982 bus:Director3 2022-07-01 2023-06-30 14177982 core:Non-currentFinancialInstruments 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Company No: 14177982 (England and Wales)

WESTELL DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

WESTELL DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

WESTELL DEVELOPMENTS LIMITED

BALANCE SHEET

As at 30 June 2023
WESTELL DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023
£
Current assets
Stocks 3 1,884,671
Debtors 4 100
Cash at bank and in hand 612
1,885,383
Creditors: amounts falling due within one year 5 ( 11,461)
Net current assets 1,873,922
Total assets less current liabilities 1,873,922
Creditors: amounts falling due after more than one year 6 ( 2,117,732)
Net liabilities ( 243,810)
Capital and reserves
Called-up share capital 150
Profit and loss account ( 243,960 )
Total shareholders' deficit ( 243,810)

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Westell Developments Limited (registered number: 14177982) were approved and authorised for issue by the Board of Directors on 15 April 2024. They were signed on its behalf by:

Mr L Cornell
Director
WESTELL DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
WESTELL DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year, unless otherwise stated.

General information and basis of accounting

Westell Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023
Number
Monthly average number of persons employed by the Company during the year, including directors 3

3. Stocks

2023
£
Stocks 1,884,671

4. Debtors

2023
£
Other debtors 100

5. Creditors: amounts falling due within one year

2023
£
Trade creditors 723
CIS withheld 1,286
Other creditors 9,452
11,461

6. Creditors: amounts falling due after more than one year

2023
£
Other creditors 2,117,732

There are no amounts included above in respect of which any security has been given by the small entity.