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REGISTERED NUMBER: 05561008 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WESTON PROPERTY MANAGEMENT LIMITED

WESTON PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05561008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WESTON PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: Mr K Griffiths
Mrs S Griffiths





Registered office: Rio Vista
Swarkestone Lane
Weston on Trent
Derbyshire
DE72 2BU





Registered number: 05561008 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

WESTON PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05561008)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
Fixed assets
Investment property 4 635,000 635,000

Current assets
Debtors 5 200,000 204,388
Investments 6 97,441 85,574
Cash at bank 112,982 80,726
410,423 370,688
Creditors
Amounts falling due within one year 7 (117,463 ) (103,940 )
Net current assets 292,960 266,748
Total assets less current liabilities 927,960 901,748

Provisions for liabilities (40,204 ) (36,882 )
Net assets 887,756 864,866

Capital and reserves
Called up share capital 60 60
Retained earnings 887,696 864,806
Shareholders' funds 887,756 864,866

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

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

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 Statement of Income and retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





Mr K Griffiths - Director


WESTON PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05561008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Weston Property Management 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.

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 Statement of Income and retained Earnings, 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.

Listed investments
Listed investments are included in the balance sheet at their market value and realised and unrealised gains and losses are shown net in the statement of financial activities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£
Fair value
At 1 April 2023
and 31 March 2024 635,000
Net book value
At 31 March 2024 635,000
At 31 March 2023 635,000

The property has been included at market value as determined by the directors. The historical cost is £341,961

WESTON PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 05561008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Other debtors - 111
Directors' current accounts - 4,277
- 4,388

Amounts falling due after more than one year:
Other debtors 200,000 200,000

Aggregate amounts 200,000 204,388

6. CURRENT ASSET INVESTMENTS

2024 2023
£    £   
Other investments 97,441 85,574


The historical cost of the investment in 2024 is £50,000 (2023: £50,000)

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Tax 3,500 4,081
Other creditors 112,611 98,619
Accruals 1,240 1,240
Directors' current accounts 112 -
117,463 103,940

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
Mr K Griffiths and Mrs S Griffiths
Balance outstanding at start of year 4,277 13,141
Amounts advanced 80,111 6,136
Amounts repaid (84,500 ) (15,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (112 ) 4,277

9. RELATED PARTY DISCLOSURES

At the year end £112,611 (2023: £98,619) was owing to Castle Donington Service Centre Limited, a company under common control by virtue of common ownership and management. Also included in other debtors is £200,000 (2023:£200,000) owed from Castle Donington. Management charges of £20,000 (2023: £20,000) were paid to Castle Donington Service Centre Limited during the year.