IRIS Accounts Production v24.2.0.383 10782911 director 1.6.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107829112023-05-31107829112024-03-31107829112023-06-012024-03-31107829112022-05-31107829112022-06-012023-05-31107829112023-05-3110782911ns15:EnglandWales2023-06-012024-03-3110782911ns14:PoundSterling2023-06-012024-03-3110782911ns10:Director12023-06-012024-03-3110782911ns10:PrivateLimitedCompanyLtd2023-06-012024-03-3110782911ns10:SmallEntities2023-06-012024-03-3110782911ns10:AuditExempt-NoAccountantsReport2023-06-012024-03-3110782911ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-03-3110782911ns10:SmallCompaniesRegimeForAccounts2023-06-012024-03-3110782911ns10:FullAccounts2023-06-012024-03-3110782911ns10:RegisteredOffice2023-06-012024-03-3110782911ns5:CurrentFinancialInstruments2024-03-3110782911ns5:CurrentFinancialInstruments2023-05-3110782911ns5:ShareCapital2024-03-3110782911ns5:ShareCapital2023-05-3110782911ns5:RevaluationReserve2024-03-3110782911ns5:RevaluationReserve2023-05-3110782911ns5:RetainedEarningsAccumulatedLosses2024-03-3110782911ns5:RetainedEarningsAccumulatedLosses2023-05-3110782911ns5:ComputerEquipment2023-06-012024-03-3110782911ns5:ComputerEquipment2023-05-3110782911ns5:ComputerEquipment2024-03-3110782911ns5:ComputerEquipment2023-05-3110782911ns5:CostValuation2023-05-3110782911ns5:AdditionsToInvestments2024-03-3110782911ns5:DisposalsRepaymentsInvestments2024-03-3110782911ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3110782911ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3110782911ns5:CostValuation2024-03-3110782911ns5:RevaluationReserve2023-05-31
REGISTERED NUMBER: 10782911 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

FOR

WEST GREENSAND LIMITED

WEST GREENSAND LIMITED (REGISTERED NUMBER: 10782911)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WEST GREENSAND LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024







DIRECTOR: A Yates





REGISTERED OFFICE: 56 Blandfield Road
London
SW12 8BG





REGISTERED NUMBER: 10782911 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

WEST GREENSAND LIMITED (REGISTERED NUMBER: 10782911)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investments 4 841,803 119,867
841,803 119,867

CURRENT ASSETS
Cash at bank 9,083 34,086

CREDITORS
Amounts falling due within one year 5 2,621 1,584
NET CURRENT ASSETS 6,462 32,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

848,265

152,369

PROVISIONS FOR LIABILITIES 190,434 1,648
NET ASSETS 657,831 150,721

CAPITAL AND RESERVES
Called up share capital 130 130
Revaluation reserve 6 571,529 5,786
Retained earnings 86,172 144,805
657,831 150,721

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 8 August 2024 and were signed by:





A Yates - Director


WEST GREENSAND LIMITED (REGISTERED NUMBER: 10782911)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

1. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiaries are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Taxation
Taxation for the period 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 period 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.

Turnover
Turnover represents investment income. All income is recognised on a receivable basis.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

WEST GREENSAND LIMITED (REGISTERED NUMBER: 10782911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023
and 31 March 2024 820
DEPRECIATION
At 1 June 2023
and 31 March 2024 820
NET BOOK VALUE
At 31 March 2024 -
At 31 May 2023 -

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 1,256 118,611 119,867
Additions - 57,340 57,340
Disposals (1,677 ) (89,931 ) (91,608 )
Revaluations 760,559 5,821 766,380
Impairments - (10,176 ) (10,176 )
At 31 March 2024 760,138 81,665 841,803
NET BOOK VALUE
At 31 March 2024 760,138 81,665 841,803
At 31 May 2023 1,256 118,611 119,867

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2024 758,884 2,858 761,742
Cost 1,254 78,807 80,061
760,138 81,665 841,803

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 965 -
Accrued expenses 1,656 1,584
2,621 1,584

WEST GREENSAND LIMITED (REGISTERED NUMBER: 10782911)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

6. RESERVES
Revaluation
reserve
£   
At 1 June 2023 5,786
Revaluation reserve 565,743

At 31 March 2024 571,529

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, A Yates reduced his loan to the company. As at 31 March 2024 the company owed him £965 (2023: £nil). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Yates.

This was by virtue of his 77% holding of the issued share capital.