IRIS Accounts Production v24.2.0.383 13963121 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary A Shares 1.00000 Ordinary B Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh139631212023-03-31139631212024-03-31139631212023-04-012024-03-31139631212022-03-07139631212022-03-082023-03-31139631212023-03-3113963121ns15:EnglandWales2023-04-012024-03-3113963121ns14:PoundSterling2023-04-012024-03-3113963121ns10:Director12023-04-012024-03-3113963121ns10:Director22023-04-012024-03-3113963121ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113963121ns10:SmallEntities2023-04-012024-03-3113963121ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113963121ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113963121ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113963121ns10:FullAccounts2023-04-012024-03-3113963121ns10:OrdinaryShareClass12023-04-012024-03-3113963121ns10:OrdinaryShareClass22023-04-012024-03-3113963121ns10:RegisteredOffice2023-04-012024-03-3113963121ns5:CurrentFinancialInstruments2024-03-3113963121ns5:CurrentFinancialInstruments2023-03-3113963121ns5:ShareCapital2024-03-3113963121ns5:ShareCapital2023-03-3113963121ns5:RetainedEarningsAccumulatedLosses2024-03-3113963121ns5:RetainedEarningsAccumulatedLosses2023-03-3113963121ns5:FurnitureFittings2023-04-012024-03-3113963121ns5:ComputerEquipment2023-04-012024-03-3113963121ns5:PlantMachinery2023-03-3113963121ns5:PlantMachinery2023-04-012024-03-3113963121ns5:PlantMachinery2024-03-3113963121ns5:PlantMachinery2023-03-3113963121ns5:AdditionsToInvestments2024-03-3113963121ns5:CostValuation2024-03-3113963121ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3113963121ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3113963121ns10:OrdinaryShareClass12024-03-3113963121ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 13963121 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WESTWOOD CAPITAL FINANCE LIMITED

WESTWOOD CAPITAL FINANCE LIMITED (REGISTERED NUMBER: 13963121)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTWOOD CAPITAL FINANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Peacock
G D Fawke





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO164LZ





REGISTERED NUMBER: 13963121 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

WESTWOOD CAPITAL FINANCE LIMITED (REGISTERED NUMBER: 13963121)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,705 13,196
Investments 5 248,780 -
260,485 13,196

CURRENT ASSETS
Debtors 6 2,564 -
Cash at bank 1,192,374 257,532
1,194,938 257,532
CREDITORS
Amounts falling due within one year 7 1,378,649 134,187
NET CURRENT (LIABILITIES)/ASSETS (183,711 ) 123,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,774

136,541

PROVISIONS FOR LIABILITIES 2,926 3,299
NET ASSETS 73,848 133,242

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 73,748 133,142
SHAREHOLDERS' FUNDS 73,848 133,242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

WESTWOOD CAPITAL FINANCE LIMITED (REGISTERED NUMBER: 13963121)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:




D Peacock - Director



G D Fawke - Director


WESTWOOD CAPITAL FINANCE LIMITED (REGISTERED NUMBER: 13963121)

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

1. STATUTORY INFORMATION

Westwood Capital Finance 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.

Turnover
Turnover relates to the company activity of arranging capital finance.

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 reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

WESTWOOD CAPITAL FINANCE LIMITED (REGISTERED NUMBER: 13963121)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 17,595
Additions 2,410
At 31 March 2024 20,005
DEPRECIATION
At 1 April 2023 4,399
Charge for year 3,901
At 31 March 2024 8,300
NET BOOK VALUE
At 31 March 2024 11,705
At 31 March 2023 13,196

5. FIXED ASSET INVESTMENTS
Other
loans
£   
New in year 248,780
At 31 March 2024 248,780

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,564 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 94,739 52,575
Other creditors 1,283,910 81,612
1,378,649 134,187

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary A Shares £1 50 50
50 Ordinary B Shares £1 50 50
100 100