West Point Leeds Limited 04160068 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of property development. Digita Accounts Production Advanced 6.30.9574.0 true true 04160068 2023-01-01 2023-12-31 04160068 2023-12-31 04160068 bus:OrdinaryShareClass1 2023-12-31 04160068 bus:OrdinaryShareClass2 2023-12-31 04160068 bus:OrdinaryShareClass3 2023-12-31 04160068 bus:OrdinaryShareClass4 2023-12-31 04160068 core:RetainedEarningsAccumulatedLosses 2023-12-31 04160068 core:ShareCapital 2023-12-31 04160068 core:CurrentFinancialInstruments 2023-12-31 04160068 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04160068 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 04160068 bus:SmallEntities 2023-01-01 2023-12-31 04160068 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04160068 bus:FullAccounts 2023-01-01 2023-12-31 04160068 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04160068 bus:Director2 2023-01-01 2023-12-31 04160068 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 04160068 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 04160068 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 04160068 bus:OrdinaryShareClass4 2023-01-01 2023-12-31 04160068 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04160068 1 2023-01-01 2023-12-31 04160068 countries:AllCountries 2023-01-01 2023-12-31 04160068 2022-01-01 2022-12-31 04160068 2022-12-31 04160068 bus:OrdinaryShareClass1 2022-12-31 04160068 bus:OrdinaryShareClass2 2022-12-31 04160068 bus:OrdinaryShareClass3 2022-12-31 04160068 bus:OrdinaryShareClass4 2022-12-31 04160068 core:RetainedEarningsAccumulatedLosses 2022-12-31 04160068 core:ShareCapital 2022-12-31 04160068 core:CurrentFinancialInstruments 2022-12-31 04160068 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04160068 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04160068

West Point Leeds Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

West Point Leeds Limited

(Registration number: 04160068)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Stocks

1,356,613

1,356,613

Debtors

3

37,341

36,915

Cash at bank and in hand

 

44,231

285,754

 

1,438,185

1,679,282

Creditors: Amounts falling due within one year

4

(57,626)

(39,570)

Total assets less current liabilities

 

1,380,559

1,639,712

Creditors: Amounts falling due after more than one year

4

(700,000)

(1,000,000)

Net assets

 

680,559

639,712

Capital and reserves

 

Called up share capital

5

1,000

1,000

Profit and loss account

679,559

638,712

Shareholders' funds

 

680,559

639,712

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 19 September 2024 and signed on its behalf by:
 

.........................................

R D Boothroyd
Director

 

West Point Leeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

Accounting policies

Statutory information

West Point Leeds Limited is a private company, limited by shares, domiciled in England and Wales, company number 04160068. The registered office is at Riverside West, Whitehall Road, Leeds, LS1 4AW.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts..

Work in progress

Work in progress is valued at the lower of cost and net-realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropraite proportion of fixed and variable overheads.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

West Point Leeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

3

Debtors

2023
£

2022
£

Trade debtors

6,553

1,849

Prepayments

1,453

5,731

Other debtors

29,335

29,335

37,341

36,915

4

Creditors

2023
£

2022
£

Due within one year

Trade creditors

6,149

11,286

Taxation and social security

12,562

19,329

Accruals and deferred income

38,915

8,955

57,626

39,570

2023
£

2022
£

Due after one year

Bank loan

700,000

1,000,000

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

A ordinary shares of £1 each

1

1

1

1

B ordinary shares of £1 each

499

499

499

499

C ordinary shares of £1 each

125

125

125

125

D ordinary shares of £1 each

375

375

375

375

 

1,000

1,000

1,000

1,000

 

West Point Leeds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

6

Parent and ultimate parent undertaking

The company has taken advantage of the exemption available under FRS 102 and has not disclosed related party transactions which are all considered to be at arms length on normal commercial terms.

The company's immediate parent is Rossington Farms Limited, incorporated in England.