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REGISTERED NUMBER: 07615124 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

WESTCOURT REAL ESTATE (EUROPE) LIMITED

WESTCOURT REAL ESTATE (EUROPE) LIMITED (REGISTERED NUMBER: 07615124)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTCOURT REAL ESTATE (EUROPE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: V K Kapoor



REGISTERED OFFICE: 9 Berners Place
London
W1T 3AD



REGISTERED NUMBER: 07615124 (England and Wales)



ACCOUNTANTS: Mehta & Tengra
Chartered Accountants
9 Berners Place
London
W1T 3AD



HOLDING COMPANY: Westcourt Real Estate Development Ltd
1st Floor
18-19 Jockey's Fields
London
WC1R 4BW

WESTCOURT REAL ESTATE (EUROPE) LIMITED (REGISTERED NUMBER: 07615124)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,147 8,575
Investments 5 270,374 270,374
277,521 278,949

CURRENT ASSETS
Debtors 6 44,612 128,992
Cash at bank 185 522
44,797 129,514
CREDITORS
Amounts falling due within one year 7 (44,071 ) (188,166 )
NET CURRENT ASSETS/(LIABILITIES) 726 (58,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,247

220,297

CREDITORS
Amounts falling due after more than one
year

8

(385,322

)

(324,422

)
NET LIABILITIES (107,075 ) (104,125 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 (107,175 ) (104,225 )
SHAREHOLDERS' FUNDS (107,075 ) (104,125 )

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.

WESTCOURT REAL ESTATE (EUROPE) LIMITED (REGISTERED NUMBER: 07615124)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 22 August 2024 and were signed by:





V K Kapoor - Director


WESTCOURT REAL ESTATE (EUROPE) LIMITED (REGISTERED NUMBER: 07615124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Westcourt Real Estate (Europe) 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.

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 cost
Computer equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

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 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.

3. EMPLOYEES AND DIRECTORS

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

WESTCOURT REAL ESTATE (EUROPE) LIMITED (REGISTERED NUMBER: 07615124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 21,427 1,815 2,924 26,166
DEPRECIATION
At 1 January 2023 12,852 1,815 2,924 17,591
Charge for year 1,428 - - 1,428
At 31 December 2023 14,280 1,815 2,924 19,019
NET BOOK VALUE
At 31 December 2023 7,147 - - 7,147
At 31 December 2022 8,575 - - 8,575

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Participating interests 374 374
Loans to undertakings in which the company
has a participating interest

270,000

270,000
270,374 270,374

Additional information is as follows:
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 374
NET BOOK VALUE
At 31 December 2023 374
At 31 December 2022 374

WESTCOURT REAL ESTATE (EUROPE) LIMITED (REGISTERED NUMBER: 07615124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated companies

Victoria Quay Estate Ltd
Registered office:
Nature of business: Property Investment
%
Class of shares: holding
Ordinary 11.00

Victoria Quay Anchor Ltd
Registered office:
Nature of business: Property Investment
%
Class of shares: holding
Ordinary 24.00

Victoria Quay Services Ltd
Registered office:
Nature of business: Property Services
%
Class of shares: holding
Ordinary 24.00
Loans to
associates
£   
At 1 January 2023
and 31 December 2023 270,000

£270,000 was a loan given to an associated company Victoria Quay Estate Ltd, a company based in Hongkong.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amount owed from companies
under common control 10,179 10,179
Directors' current accounts 7,137 6,997
Corporation tax recoverable 2,549 86,715
Other taxes 24,747 25,101
44,612 128,992

WESTCOURT REAL ESTATE (EUROPE) LIMITED (REGISTERED NUMBER: 07615124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 34,243 20,905
Trade creditors 7,561 165,041
Corporation tax 93 46
Other creditors 474 474
Accrued expenses 1,700 1,700
44,071 188,166

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to holding company 385,322 324,422

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 34,243 20,905

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained
earnings
£   

At 1 January 2023 (104,225 )
Deficit for the year (2,950 )
At 31 December 2023 (107,175 )

WESTCOURT REAL ESTATE (EUROPE) LIMITED (REGISTERED NUMBER: 07615124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
V K Kapoor
Balance outstanding at start of year 6,997 6,860
Amounts advanced 140 137
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,137 6,997

Interest of £140 was paid on overdrawn director's loan account.

13. RELATED PARTY DISCLOSURES

V K Kapoor is a director and shareholders of the following companies.

Company 1. At the year end the amount due to this company was £385,322(2022:£ 397,422).

Company 2. At the year end the amount due to and from this company was £NIL(2022:£ 84,720).

Company 3. At the year end the amount due from this company was £4,644(2022:£4,644).

Company 5. At the year end the amount due from this company was £5,511(2022:£5,511).

Company 6. At the year end the amount due from this company was £24(2022:£24).

Company 8. At the year end the amount due to this company £4,738 (2022:£4,738).





14. HOLDING COMPANY

100% of the issued shares are held by Westcourt Real Estates Development Ltd, a company registered in England. V Kapoor is the ultimate beneficial owner.

15. GOING CONCERN

The accounts are prepared on a going concern basis. The parent company has agreed to support its subsidiary.