Registration number:
Western Blocks Holdings Limited
for the
Year Ended 29 March 2024
Western Blocks Holdings Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Western Blocks Holdings Limited
Balance Sheet
as at 29 March 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investment property |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Registration number: 05247231
Western Blocks Holdings Limited
Balance Sheet
as at 29 March 2024 (continued)
For the financial year ending 29 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 Profit and Loss Account has been taken.
Approved and authorised by the
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Western Blocks Holdings Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 March 2024
General information |
The company is a private company limited by shares incorporated in England within the United Kingdom.
The company's registration number is 05247231.
The address of its registered office is:
Accounting policies |
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Revenue recognition
Other income comprises the fair value of the rent received for the investment property.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Western Blocks Holdings Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 March 2024
(continued)
2 |
Accounting policies (continued) |
Investment property
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2017
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2024 |
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At 30 March 2023 |
750,000 |
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At 29 March 2024 |
750,000 |
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The property was re-valued on 11 October 2017 by Alder King LLP at £750,000 and this value is considered, by the directors, to be the current fair value of the property. The original cost of the property was £388,697 and the revaluation surplus is shown within the revaluation reserve.
Debtors |
Current |
2024 |
2023 |
Other debtors |
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Western Blocks Holdings Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 March 2024
(continued)
Creditors |
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax liability |
13,408 |
9,980 |
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Accruals and deferred income |
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Other creditors |
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