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REGISTERED NUMBER: 04708498 (England and Wales)






















Westfield Residential Home Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Westfield Residential Home Limited (Registered number: 04708498)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westfield Residential Home Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: P Donnelly
Mrs H Donnelly





REGISTERED OFFICE: 16 Carr Lane
Willerby
East Yorkshire
HU10 6JW





REGISTERED NUMBER: 04708498 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Westfield Residential Home Limited (Registered number: 04708498)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 894,819 891,180
894,819 891,180

CURRENT ASSETS
Debtors 6 32,987 20,269
Cash at bank and in hand 28,256 73,092
61,243 93,361
CREDITORS
Amounts falling due within one year 7 92,740 103,832
NET CURRENT LIABILITIES (31,497 ) (10,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,322

880,709

CREDITORS
Amounts falling due after more than one
year

8

-

(5,310

)

PROVISIONS FOR LIABILITIES (43,530 ) (40,098 )

ACCRUALS AND DEFERRED INCOME (9,388 ) (18,562 )
NET ASSETS 810,404 816,739

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 325,871 325,871
Retained earnings 11 484,433 490,768
SHAREHOLDERS' FUNDS 810,404 816,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Westfield Residential Home Limited (Registered number: 04708498)

Balance Sheet - continued
31st March 2024


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 19th July 2024 and were signed on its behalf by:





P Donnelly - Director


Westfield Residential Home Limited (Registered number: 04708498)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Westfield Residential Home 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Depreciation is not provided on the company's land and buildings as any provision (annual or cumulative) would not be material due to the very long expected remaining useful economic life of the asset, and because its expected residual value is not considered to be less than its carrying value. The directors perform an annual impairment review to ensure that the carrying value is not more than the recoverable amount.The cost represents the deemed cost on transition to FRS102.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Grants related to the purchase of assets are recognised on a systematic basis over the useful economic life of the underlying asset that was acquired with the grant with a release to profit or loss over the life of the asset to which it relates.

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.


Westfield Residential Home Limited (Registered number: 04708498)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued
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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 30,000
AMORTISATION
At 1st April 2023
and 31st March 2024 30,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

Westfield Residential Home Limited (Registered number: 04708498)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 850,000 322,043 1,172,043
Additions - 21,401 21,401
Disposals - (6,818 ) (6,818 )
At 31st March 2024 850,000 336,626 1,186,626
DEPRECIATION
At 1st April 2023 - 280,863 280,863
Charge for year - 17,762 17,762
Eliminated on disposal - (6,818 ) (6,818 )
At 31st March 2024 - 291,807 291,807
NET BOOK VALUE
At 31st March 2024 850,000 44,819 894,819
At 31st March 2023 850,000 41,180 891,180

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,811 10,561
Other debtors 9,176 9,708
32,987 20,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,422 15,549
Trade creditors 11,543 14,188
Taxation and social security 21,656 22,677
Other creditors 54,119 51,418
92,740 103,832

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 5,310

Westfield Residential Home Limited (Registered number: 04708498)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 5,422 20,859

The bank loans are secured on the company's freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st April 2023 490,768 325,871 816,639
Profit for the year 61,665 61,665
Dividends (68,000 ) (68,000 )
At 31st March 2024 484,433 325,871 810,304

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P Donnelly & Mrs H Donnelly.