Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-08-01falseNo description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12436718 2022-08-01 2023-07-31 12436718 2021-08-01 2022-07-31 12436718 2023-07-31 12436718 2022-07-31 12436718 c:Director1 2022-08-01 2023-07-31 12436718 d:Buildings 2022-08-01 2023-07-31 12436718 d:Buildings 2023-07-31 12436718 d:Buildings 2022-07-31 12436718 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12436718 d:OfficeEquipment 2022-08-01 2023-07-31 12436718 d:OfficeEquipment 2023-07-31 12436718 d:OfficeEquipment 2022-07-31 12436718 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12436718 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12436718 d:CurrentFinancialInstruments 2023-07-31 12436718 d:CurrentFinancialInstruments 2022-07-31 12436718 d:Non-currentFinancialInstruments 2023-07-31 12436718 d:Non-currentFinancialInstruments 2022-07-31 12436718 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12436718 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12436718 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 12436718 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 12436718 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 12436718 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 12436718 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 12436718 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 12436718 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 12436718 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 12436718 d:ShareCapital 2023-07-31 12436718 d:ShareCapital 2022-07-31 12436718 d:RetainedEarningsAccumulatedLosses 2023-07-31 12436718 d:RetainedEarningsAccumulatedLosses 2022-07-31 12436718 c:OrdinaryShareClass1 2022-08-01 2023-07-31 12436718 c:OrdinaryShareClass1 2023-07-31 12436718 c:OrdinaryShareClass1 2022-07-31 12436718 c:FRS102 2022-08-01 2023-07-31 12436718 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12436718 c:FullAccounts 2022-08-01 2023-07-31 12436718 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 12436718









WESTMINSTER PROPERTY GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
WESTMINSTER PROPERTY GROUP LIMITED
REGISTERED NUMBER: 12436718

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
372,549
319,334

  
372,549
319,334

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2
-

Debtors: amounts falling due within one year
 5 
82,880
52,981

Cash at bank and in hand
 6 
3,161
77,147

  
86,043
130,128

Creditors: amounts falling due within one year
 7 
(261,172)
(495,753)

Net current liabilities
  
 
 
(175,129)
 
 
(365,625)

Total assets less current liabilities
  
197,420
(46,291)

Creditors: amounts falling due after more than one year
 8 
(316,756)
(41,377)

  

Net liabilities
  
(119,336)
(87,668)


Capital and reserves
  

Called up share capital 
 10 
1
1

Profit and loss account
  
(119,337)
(87,669)

  
(119,336)
(87,668)

Page 1

 
WESTMINSTER PROPERTY GROUP LIMITED
REGISTERED NUMBER: 12436718
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 April 2024.




................................................
Sam Hesami
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
WESTMINSTER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Westminster Property Group Limited is a private company limited by shares, registered in the United Kingdom number 12436718. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP.
 During the year, the principal activity of the company was that of buying and selling of own real estate. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
WESTMINSTER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
WESTMINSTER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Investment property
Office equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
318,113
1,560
319,673


Additions
52,566
1,117
53,683



At 31 July 2023

370,679
2,677
373,356



Depreciation


At 1 August 2022
-
339
339


Charge for the year on owned assets
-
468
468



At 31 July 2023

-
807
807



Net book value



At 31 July 2023
370,679
1,870
372,549



At 31 July 2022
318,113
1,221
319,334


5.


Debtors

2023
2022
£
£


Other debtors
82,880
52,981

82,880
52,981


Page 5

 
WESTMINSTER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,161
77,147

3,161
77,147



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
23,569
313,606

Trade creditors
1,560
-

Other creditors
234,482
180,708

Accruals and deferred income
1,561
1,439

261,172
495,753



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
316,756
41,377

316,756
41,377


Page 6

 
WESTMINSTER PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
23,569
313,606


23,569
313,606

Amounts falling due 1-2 years

Bank loans
23,569
6,772


23,569
6,772

Amounts falling due 2-5 years

Bank loans
85,522
34,604


85,522
34,604

Amounts falling due after more than 5 years

Bank loans
207,663
-

207,663
-

340,323
354,982



10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 7