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REGISTERED NUMBER: 00292060 (England and Wales)












WEST SURREY BUILDING ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WEST SURREY BUILDING ESTATES LIMITED (REGISTERED NUMBER: 00292060)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WEST SURREY BUILDING ESTATES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: Mr D R Edgley





SECRETARY: Mr D R Edgley





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 00292060 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

WEST SURREY BUILDING ESTATES LIMITED (REGISTERED NUMBER: 00292060)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 400,000 385,000

CURRENT ASSETS
Debtors 5 1,207,058 1,186,954
Cash at bank 289,755 301,272
1,496,813 1,488,226
CREDITORS
Amounts falling due within one year 6 (3,129 ) (2,729 )
NET CURRENT ASSETS 1,493,684 1,485,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,893,684

1,870,497

PROVISIONS FOR LIABILITIES 7 (77,200 ) (66,949 )
NET ASSETS 1,816,484 1,803,548

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings 1,791,484 1,778,548
SHAREHOLDERS' FUNDS 1,816,484 1,803,548

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 6 August 2024 and were signed by:



Mr D R Edgley - Director


WEST SURREY BUILDING ESTATES LIMITED (REGISTERED NUMBER: 00292060)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

West Surrey Building Estates 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income due from the properties. It is recognised as it becomes due for payment on a quarterly basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 385,000 1,807 386,807
Revaluations 15,000 - 15,000
At 31 December 2023 400,000 1,807 401,807
DEPRECIATION
At 1 January 2023
and 31 December 2023 - 1,807 1,807
NET BOOK VALUE
At 31 December 2023 400,000 - 400,000
At 31 December 2022 385,000 - 385,000

The investment property was valued by the directors at the open market value at 31 December 2023.

WEST SURREY BUILDING ESTATES LIMITED (REGISTERED NUMBER: 00292060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2007 163,183 - 163,183
Valuation in 2011 20,500 - 20,500
Valuation in 2013 52,500 - 52,500
Valuation in 2015 52,703 - 52,703
Valuation in 2021 59,797 - 59,797
Valuation in 2022 35,000 - 35,000
Valuation in 2023 15,000 - 15,000
Cost 1,317 1,807 3,124
400,000 1,807 401,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,207,058 1,186,954

The balance of £1,207,058 is due from Ernley Property Investment Co Limited, a company under the control of the directors. The loan is considered to be repayable on demand and has been provided interest free.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 264
Taxation and social security 481 -
Other creditors 2,648 2,465
3,129 2,729

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 77,200 66,949

Deferred
tax
£   
Balance at 1 January 2023 66,949
Provided during year 10,251
Net movement
Balance at 31 December 2023 77,200