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REGISTERED NUMBER: 06760379 (England and Wales)















WESTSTONE PROJECTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






WESTSTONE PROJECTS LTD (REGISTERED NUMBER: 06760379)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WESTSTONE PROJECTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: C J Bentley
M W Goss





SECRETARY: L V Bentley





REGISTERED OFFICE: 6 Cornwall Crescent
Diggle
Oldham
OL3 5PW





REGISTERED NUMBER: 06760379 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN

WESTSTONE PROJECTS LTD (REGISTERED NUMBER: 06760379)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 - 411
Cash at bank and in hand 1,389 593
1,389 1,004
CREDITORS
Amounts falling due within one year 5 (689 ) (628 )
NET CURRENT ASSETS 700 376
TOTAL ASSETS LESS CURRENT
LIABILITIES

700

376

CAPITAL AND RESERVES
Called up share capital 312 312
Capital redemption reserve 50 50
Retained earnings 338 14
SHAREHOLDERS' FUNDS 700 376

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2024 and were signed on its behalf by:





C J Bentley - Director


WESTSTONE PROJECTS LTD (REGISTERED NUMBER: 06760379)

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


1. STATUTORY INFORMATION

Weststone Projects Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 06760379 and its registered office address is 6 Cornwall Crescent, Diggle, Oldham, OL3 5PW.

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.

The company is no longer operational. The accounts are prepared on a basis other than that of a going concern.

Revenue
Revenue comprised the aggregate of the fair value of the sale of goods and services provided, net of trade discounts and value added tax.

Sale of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collectability of the related receivables is fairly certain.

Service revenues are recognised as those services are provided to customers.

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.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

WESTSTONE PROJECTS LTD (REGISTERED NUMBER: 06760379)

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


2. ACCOUNTING POLICIES - continued

Critical accounting estimates and judgements
There are currently no critical accounting estimates and judgements applied by the directors that are considered key to the preparation of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 411

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associated company - 108
Taxation and social security - 20
Other creditors 689 500
689 628

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors due within one year is an amount of £189 owed to a director (2023: debtor - £311). This credit is unsecured, interest free and repayable on demand.