Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01falseParent Holding Company44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03108671 2022-12-01 2023-11-30 03108671 2021-12-01 2022-11-30 03108671 2023-11-30 03108671 2022-11-30 03108671 c:Director4 2022-12-01 2023-11-30 03108671 d:ComputerSoftware 2022-12-01 2023-11-30 03108671 d:ComputerSoftware 2023-11-30 03108671 d:ComputerSoftware 2022-11-30 03108671 d:CurrentFinancialInstruments 2023-11-30 03108671 d:CurrentFinancialInstruments 2022-11-30 03108671 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 03108671 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 03108671 d:ShareCapital 2023-11-30 03108671 d:ShareCapital 2022-11-30 03108671 d:RetainedEarningsAccumulatedLosses 2023-11-30 03108671 d:RetainedEarningsAccumulatedLosses 2022-11-30 03108671 c:FRS102 2022-12-01 2023-11-30 03108671 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 03108671 c:FullAccounts 2022-12-01 2023-11-30 03108671 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03108671 2 2022-12-01 2023-11-30 03108671 6 2022-12-01 2023-11-30 03108671 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 03108671









WEST END & CITY PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
WEST END & CITY PROPERTIES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
WEST END & CITY PROPERTIES LIMITED
REGISTERED NUMBER: 03108671

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
702,300
555,824

Investments
 5 
433,572
433,572

  
1,135,872
989,396

Current assets
  

Debtors: amounts falling due within one year
 6 
25,250,190
24,685,190

Cash at bank and in hand
 7 
3,088,624
593,552

  
28,338,814
25,278,742

Creditors: amounts falling due within one year
 8 
(3,217,292)
(3,203,470)

Net current assets
  
 
 
25,121,522
 
 
22,075,272

Total assets less current liabilities
  
26,257,394
23,064,668

  

Net assets
  
26,257,394
23,064,668


Capital and reserves
  

Called up share capital 
  
176
176

Profit and loss account
  
26,257,218
23,064,492

  
26,257,394
23,064,668


Page 1

 
WEST END & CITY PROPERTIES LIMITED
REGISTERED NUMBER: 03108671
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider 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 directors acknowledge their 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 comprehensive income 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 11 July 2024.




D G Mattey
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

West End & City Properties Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 03108671. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity is that of a parent holding company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Associates and joint ventures

Associates and Joint Ventures are held at cost less 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

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are
Page 4

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.8
Financial instruments (continued)

initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 5

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Crypto currencies

£



Cost


At 1 December 2022
1,010,250



At 30 November 2023

1,010,250



Amortisation


At 1 December 2022
454,426


Impairment losses written back
(146,476)



At 30 November 2023

307,950



Net book value



At 30 November 2023
702,300



At 30 November 2022
555,824




5.


Fixed asset investments





Investments in Subsidiary Companies
Investments in Associates
Total

£
£
£



Cost or valuation


At 1 December 2022
376,118
57,454
433,572



At 30 November 2023
376,118
57,454
433,572






Net book value



At 30 November 2023
376,118
57,454
433,572



At 30 November 2022
376,118
57,454
433,572

Page 6

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
18,150,000
16,035,000

Amounts owed by joint ventures and associated undertakings
6,100,190
7,650,190

Other debtors
1,000,000
1,000,000

25,250,190
24,685,190



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
3,088,624
593,552

3,088,624
593,552



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
50,000
50,000

Corporation tax
13,823
-

Other creditors
3,151,069
3,151,070

Accruals and deferred income
2,400
2,400

3,217,292
3,203,470



9.


Related party transactions

At the year end, the following balances were due from/(to) related parties:


Loans due (to)/from at 30/11/2023
Loans due (to)/from at 30/11/2022
£
£

Entities over which the entity has control, joint control or significant influence
24,200,190
23,635,190

Page 7

 
WEST END & CITY PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Controlling party

The ultimate controlling party is The Alan Mattey Will Trust by virtue of its majority shareholding.

 
Page 8