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REGISTERED NUMBER: 00628306 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 August 2023

for

WESTBOURNE RESIDENCES LIMITED

WESTBOURNE RESIDENCES LIMITED (REGISTERED NUMBER: 00628306)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTBOURNE RESIDENCES LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: H M Lawson





REGISTERED OFFICE: 5 Westbourne Place
Clifton
Bristol
BS8 1RZ





REGISTERED NUMBER: 00628306 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

WESTBOURNE RESIDENCES LIMITED (REGISTERED NUMBER: 00628306)

Balance Sheet
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 9,692,616 9,693,501

CURRENT ASSETS
Debtors 4 2,055,264 2,287,101
Investments 5 27,809 25,839
Cash at bank 461,144 331,277
2,544,217 2,644,217
CREDITORS
Amounts falling due within one year 6 (55,634 ) (60,113 )
NET CURRENT ASSETS 2,488,583 2,584,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,181,199

12,277,605

PROVISIONS FOR LIABILITIES (2,200,121 ) (2,199,763 )
NET ASSETS 9,981,078 10,077,842

CAPITAL AND RESERVES
Called up share capital 2,405,000 2,405,000
Revaluation reserve 7,168,836 7,168,836
Retained earnings 407,242 504,006
9,981,078 10,077,842

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

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

WESTBOURNE RESIDENCES LIMITED (REGISTERED NUMBER: 00628306)

Balance Sheet - continued
31 AUGUST 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 13 August 2024 and were signed by:





H M Lawson - Director


WESTBOURNE RESIDENCES LIMITED (REGISTERED NUMBER: 00628306)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention as modified by the revaluation of certain assets. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

WESTBOURNE RESIDENCES LIMITED (REGISTERED NUMBER: 00628306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


1. ACCOUNTING POLICIES - continued

Depreciation
Land is not depreciated. The directors consider that the freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result the corresponding depreciation would be immaterial and therefore not charged in the profit and loss account.

Plant and machinery is depreciated at 15% on the reducing balance basis.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

3. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 September 2022
and 31 August 2023 9,687,600 156,748 9,844,348
DEPRECIATION
At 1 September 2022 - 150,847 150,847
Charge for year - 885 885
At 31 August 2023 - 151,732 151,732
NET BOOK VALUE
At 31 August 2023 9,687,600 5,016 9,692,616
At 31 August 2022 9,687,600 5,901 9,693,501

WESTBOURNE RESIDENCES LIMITED (REGISTERED NUMBER: 00628306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2017 8,993,367 - 8,993,367
Valuation in 2018 186,228 - 186,228
Valuation in 2019 189,953 - 189,953
Cost 318,052 156,748 474,800
9,687,600 156,748 9,844,348

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 318,052 318,052

The freehold property was valued on an open market basis on 31 August 2023 by the director .

4. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 311,113 542,950
Called up share capital not paid 536,491 536,491
847,604 1,079,441

Amounts falling due after more than one year:
Other debtors 1,207,660 1,207,660

Aggregate amounts 2,055,264 2,287,101

5. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 27,809 25,839

WESTBOURNE RESIDENCES LIMITED (REGISTERED NUMBER: 00628306)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 35,994 39,296
VAT 14,205 15,382
Accruals and deferred income 5,435 5,435
55,634 60,113

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 29,000 29,000
Between one and five years 16,916 45,917
45,916 74,917

8. RELATED PARTY DISCLOSURES

Mr H M Lawson is also Director of Television and Film Productions PLC. At the end of the year the Company was owed £1,518,773 (2022: £1,750,610) in respect of an interest free loan with no set date of repayment. These amounts are included in other debtors.

9. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by Mr H M Lawson, a director.