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REGISTERED NUMBER: 02752874 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

WESTMEAD HOLDINGS LTD

WESTMEAD HOLDINGS LTD (REGISTERED NUMBER: 02752874)

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

Accountants' Report 7

WESTMEAD HOLDINGS LTD

Company Information
for the year ended 31 December 2023







Directors: R D Rose
Miss K A Rose
Mrs I Rose





Secretary: Mrs I Rose





Registered office: Flat 8 Austen House
4 Crow Gables Close
Cobham
Surrey
KT11 2FT





Registered number: 02752874 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

WESTMEAD HOLDINGS LTD (REGISTERED NUMBER: 02752874)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 - -
Investments 5 547,398 547,398
547,398 547,398

Current assets
Cash at bank 436,908 448,859

Creditors
Amounts falling due within one year 6 25,499 10,013
Net current assets 411,409 438,846
Total assets less current liabilities 958,807 986,244

Creditors
Amounts falling due after more than one
year

7

239,000

236,500
Net assets 719,807 749,744

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 9 718,807 748,744
Shareholders' funds 719,807 749,744

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 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.

WESTMEAD HOLDINGS LTD (REGISTERED NUMBER: 02752874)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





R D Rose - Director


WESTMEAD HOLDINGS LTD (REGISTERED NUMBER: 02752874)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Westmead Holdings Ltd 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. 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

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

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 - 15% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

WESTMEAD HOLDINGS LTD (REGISTERED NUMBER: 02752874)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 January 2023
and 31 December 2023 12,419
Depreciation
At 1 January 2023
and 31 December 2023 12,419
Net book value
At 31 December 2023 -
At 31 December 2022 -

5. Fixed asset investments

Investments (neither listed nor unlisted) were as follows:
2023 2022
£ £
Investments other than Loans 547,398 547,398

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

Westmead Investments Limited
Registered office: England and Wales
Nature of business: management and investment company
%
Class of shares: holding
non-voting preference shares 100.00

6. Creditors: amounts falling due within one year
2023 2022
£ £
Tax 9,531 3,792
Directors' current accounts 10,155 408
Accruals and deferred income 5,813 5,813
25,499 10,013

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 239,000 236,500

WESTMEAD HOLDINGS LTD (REGISTERED NUMBER: 02752874)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary shares 1 1,000 1,000

9. Reserves
Retained
earnings
£

At 1 January 2023 748,744
Profit for the year 40,563
Dividends (70,500 )
At 31 December 2023 718,807

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Westmead Holdings Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westmead Holdings Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Westmead Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Westmead Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Westmead Holdings Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Westmead Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westmead Holdings Ltd. You consider that Westmead Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westmead Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


19 September 2024