WESTMINSTER PROPERTY VENTURES LIMITED

Company Registration Number:
06413749 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

WESTMINSTER PROPERTY VENTURES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

WESTMINSTER PROPERTY VENTURES LIMITED

Company Information

for the Period Ended 31 December 2023




Registered office: 64-65
Vincent Square
London
SW1P 2NU
Company Registration Number: 06413749 (England and Wales)

WESTMINSTER PROPERTY VENTURES LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1 1,788
Total fixed assets: 1 1,788
Current assets
Debtors: 140,398 382,473
Cash at bank and in hand: 295,222 95,077
Total current assets: 435,620 477,550
Creditors: amounts falling due within one year: ( 366,062 ) ( 409,806 )
Net current assets (liabilities): 69,558 67,744
Total assets less current liabilities: 69,559 69,532
Total net assets (liabilities): 69,559 69,532

The notes form part of these financial statements

WESTMINSTER PROPERTY VENTURES LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 69,459 69,432
Shareholders funds: 69,559 69,532

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 September 2024
And Signed On Behalf Of The Board By:

Name: Iuliia Iaskevich
Status: Director

The notes form part of these financial statements

WESTMINSTER PROPERTY VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value-added taxes. Turnover includes revenue earned from sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery over 3 years.

WESTMINSTER PROPERTY VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 4

WESTMINSTER PROPERTY VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

WESTMINSTER PROPERTY VENTURES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 23,962
Additions 0
Disposals (7,886)
Revaluations -
Transfers -
At 31 December 2023 16,076
Depreciation
At 01 January 2023 22,174
Charge for year 1,787
On disposals (7,886)
Other adjustments -
At 31 December 2023 16,075
Net book value
At 31 December 2023 1
At 31 December 2022 1,788