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REGISTERED NUMBER: 12113149 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2024 TO 22 AUGUST 2024

FOR

WESTWARD LOOK LTD

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 22 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WESTWARD LOOK LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2024 TO 22 AUGUST 2024







DIRECTORS: J G M Strover
Mrs I M E Strover





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 12113149 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

BALANCE SHEET
22 AUGUST 2024

31.12.23 22.8.24
£    £    Notes £    £   
FIXED ASSETS
7,753 Tangible assets 4 6,470
992,237 Investment property 5 992,237
999,990 998,707

CURRENT ASSETS
56,842 Debtors 6 51,018
12,963 Cash at bank 10,323
69,805 61,341
CREDITORS
7,525 Amounts falling due within one year 7 3,370
62,280 NET CURRENT ASSETS 57,971
1,062,270 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,056,678

CAPITAL AND RESERVES
1,158,800 Called up share capital 1,158,800
- Fair value reserve 8 (33,108 )
(96,530 ) Retained earnings (69,014 )
1,062,270 SHAREHOLDERS' FUNDS 1,056,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 22 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 22 August 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.

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

BALANCE SHEET - continued
22 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mrs I M E Strover - Director


WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 22 AUGUST 2024

1. STATUTORY INFORMATION

Westward Look 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income from property lettings and work done on property maintenance contracts.

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 - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised within the profit and loss.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans, hire purchase and lease contracts.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 22 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 12,665
Additions 399
At 22 August 2024 13,064
DEPRECIATION
At 1 January 2024 4,912
Charge for period 1,682
At 22 August 2024 6,594
NET BOOK VALUE
At 22 August 2024 6,470
At 31 December 2023 7,753

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 22 August 2024 992,237
NET BOOK VALUE
At 22 August 2024 992,237
At 31 December 2023 992,237

Fair value at 22 August 2024 is represented by:
£   
Valuation in 2022 (33,108 )
Cost 1,025,345
992,237

Investment property was valued on an open market basis on 22 August 2024 by the directors .

WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 22 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22.8.24 31.12.23
£    £   
Trade debtors - 1,035
Amounts owed by group undertakings 2,715 2,715
Other debtors 48,303 53,092
51,018 56,842

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
22.8.24 31.12.23
£    £   
Other creditors 3,370 7,525

8. RESERVES

Incuded within reserves is a fair value reserve, which has been created through the process of revaluing the investment property held to its open market value each year. The reserve is also adjusted annually for any movements in deferred tax.

In accordance with FRS 102, the fair value reserve is a 'non-distributable' reserve and is separately disclosed in the balance sheet.