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REGISTERED NUMBER: 09893109 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 November 2023

for

WESTWOOD HOUSE DEVELOPMENTS LIMITED

WESTWOOD HOUSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09893109)

Contents of the Financial Statements
for the year ended 29 November 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WESTWOOD HOUSE DEVELOPMENTS LIMITED

Company Information
for the year ended 29 November 2023







DIRECTORS: Mrs C M Kay
C D Kay





REGISTERED OFFICE: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 09893109 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

WESTWOOD HOUSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09893109)

Statement of Financial Position
29 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 2,233,691 2,233,691

CURRENT ASSETS
Cash at bank 4,965 3,349

CREDITORS
Amounts falling due within one year 6 68,584 60,308
NET CURRENT LIABILITIES (63,619 ) (56,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,170,072

2,176,732

CREDITORS
Amounts falling due after more than one year 7 1,900,000 1,900,000
NET ASSETS 270,072 276,732

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 269,972 276,632
SHAREHOLDERS' FUNDS 270,072 276,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 November 2023 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.

WESTWOOD HOUSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09893109)

Statement of Financial Position - continued
29 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





C D Kay - Director


WESTWOOD HOUSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09893109)

Notes to the Financial Statements
for the year ended 29 November 2023


1. STATUTORY INFORMATION

Westwood House Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and Companies Act 2006.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Freehold investment properties are stated at cost less provision, where necessary, for permanent diminution in value. This is not in accordance with FRS102 1A which requires investment properties to be stated at their fair value or depreciated cost. No valuations have been carried out and accordingly it is not possible to quantify the effect on the net assets at the current or previous balance sheet date, or the effect on the total comprehensive income for the current or previous period.

Taxation
Taxation for the year 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 statement of financial position date.


WESTWOOD HOUSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09893109)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WESTWOOD HOUSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09893109)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
a) Basic financial assets

Trade and other debtors and bank balances, which are due within one year are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, 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.

b) Basic financial liabilities and equity

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

Trade creditors, other creditors and loans from fellow group and related companies are initially recognised at transaction price and subsequently carried at amortised cost, being transaction price less any amounts settled.

Bank overdrafts, invoice discounting facilities and stock finance facilities are presented within creditors: amounts falling due within one year.

Other loans are initially recognised at the transaction price, including transaction costs and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

c) Equity instruments

The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short-term deposits with an original maturity date of three months or less.

WESTWOOD HOUSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09893109)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


4. EMPLOYEES AND DIRECTORS

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 November 2022
and 29 November 2023 2,233,691
NET BOOK VALUE
At 29 November 2023 2,233,691
At 29 November 2022 2,233,691

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 5,283 6,845
Other creditors 47,304 38,066
Accruals and deferred income 15,997 15,397
68,584 60,308

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 2-5 years 650,000 650,000
Bank loans 1,250,000 1,250,000
1,900,000 1,900,000

Other loans are interest free and repayable with the consent of the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

WESTWOOD HOUSE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 09893109)

Notes to the Financial Statements - continued
for the year ended 29 November 2023


9. RELATED PARTY DISCLOSURES

C D Kay
Director

At the balance sheet date the company owed £32,313 (2022: £23,075) to a director, C D Kay.The amount is unsecured and interest free, and there is no fixed date of repayment.