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REGISTERED NUMBER: 07566849 (England and Wales)












Westbrook Unicorn Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Westbrook Unicorn Limited (Registered number: 07566849)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Westbrook Unicorn Limited

Company Information
for the Year Ended 31 March 2023







Directors: O B Conoley
K G Jackson





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 07566849 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Westbrook Unicorn Limited (Registered number: 07566849)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
Fixed assets
Investments 4 161,750 161,750
Investment property 5 309,243 309,243
470,993 470,993

Current assets
Debtors 6 1,363 1,550
Cash at bank and in hand 6,506 7,685
7,869 9,235
Creditors
Amounts falling due within one year 7 185,292 182,339
Net current liabilities (177,423 ) (173,104 )
Total assets less current liabilities 293,570 297,889

Creditors
Amounts falling due after more than one
year

8

273,928

282,084
Net assets 19,642 15,805

Capital and reserves
Called up share capital 10 100 100
Retained earnings 19,542 15,705
Shareholders' funds 19,642 15,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Westbrook Unicorn Limited (Registered number: 07566849)

Balance Sheet - continued
31 March 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 21 June 2024 and were signed on its behalf by:





O B Conoley - Director


Westbrook Unicorn Limited (Registered number: 07566849)

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

1. Statutory information

Westbrook Unicorn 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.

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.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

Westbrook Unicorn Limited (Registered number: 07566849)

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

4. Fixed asset investments
Other
investment
£   
Cost
At 1 April 2022
and 31 March 2023 194,750
Provisions
At 1 April 2022
and 31 March 2023 33,000
Net book value
At 31 March 2023 161,750
At 31 March 2022 161,750

5. Investment property
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 309,243
Net book value
At 31 March 2023 309,243
At 31 March 2022 309,243

6. Debtors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Loan to Dok 82 Ltd - 1,500
Directors' current accounts 956 -
Corporation tax recoverable 323 -
VAT 84 50
1,363 1,550

Westbrook Unicorn Limited (Registered number: 07566849)

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

7. Creditors: amounts falling due within one year
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,057 9,057
Corporation tax 17,946 15,200
Other creditors 152,266 152,266
Directors' current accounts 3,884 4,928
Accrued expenses 2,139 888
185,292 182,339

8. Creditors: amounts falling due after more than one year
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 9,057 9,057
Bank loans - 2-5 years 14,255 22,412
Mortgage - due within 5 years 250,616 250,615
273,928 282,084

9. Secured debts

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Mortgage 250,616 250,615

The mortgage is from Shawbrook bank, it is an interest only mortgage and is secured by a legal charge over the investment properties with £250,616 being repayable in July 2026.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100