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REGISTERED NUMBER: 06705917 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 MARCH 2024

FOR

WESTFIELD PROPERTY MANAGEMENT COMPANY
LTD

WESTFIELD PROPERTY MANAGEMENT COMPANY
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 24 MARCH 2024







DIRECTORS: D F Carruthers
M Chandler





SECRETARY: Burns Property Management & Lettings Limited





REGISTERED OFFICE: Hawthorn House
1 Lowther Gardens
Bournemouth
Dorset
BH8 8NF





REGISTERED NUMBER: 06705917 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

WESTFIELD PROPERTY MANAGEMENT COMPANY
LTD (REGISTERED NUMBER: 06705917)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 24 MARCH 2024


The directors present their report with the financial statements of the company for the year ended 24 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company during the period was to hold the freehold interest at Westfield, 3 Surrey Road, Bournemouth. The freehold was purchased on 29th May 2009.

DIRECTORS
The directors shown below have held office during the whole of the period from 25 March 2023 to the date of this report.

D F Carruthers
M Chandler

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Burns Property Management & Lettings Limited - Secretary


25 September 2024

WESTFIELD PROPERTY MANAGEMENT COMPANY
LTD (REGISTERED NUMBER: 06705917)

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 24 MARCH 2024

2024 2023
Notes £    £   

TURNOVER 100 100

Administrative expenses 591 585
OPERATING LOSS (491 ) (485 )

Interest receivable and similar income 127 4
LOSS BEFORE TAXATION (364 ) (481 )

Tax on loss 4 - -
LOSS FOR THE FINANCIAL YEAR (364 ) (481 )

WESTFIELD PROPERTY MANAGEMENT COMPANY
LTD (REGISTERED NUMBER: 06705917)

BALANCE SHEET
24 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1 1

CURRENT ASSETS
Cash at bank 15,450 15,493

CREDITORS
Amounts falling due within one year 6 1,223 902
NET CURRENT ASSETS 14,227 14,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,228

14,592

CAPITAL AND RESERVES
Called up share capital 7 98 98
Freehold reserves 8 1,783 1,783
Retained earnings 8 12,347 12,711
SHAREHOLDERS' FUNDS 14,228 14,592

WESTFIELD PROPERTY MANAGEMENT COMPANY
LTD (REGISTERED NUMBER: 06705917)

BALANCE SHEET - continued
24 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





M Chandler - Director


WESTFIELD PROPERTY MANAGEMENT COMPANY
LTD (REGISTERED NUMBER: 06705917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 24 MARCH 2024


1. STATUTORY INFORMATION

Westfield Property Management Company 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.

Turnover
The turnover shown in the profit and loss account represents ground rent invoiced during the year.

Tangible fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 24 March 2024 nor for the year ended 24 March 2023.

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 25 March 2023
and 24 March 2024 1
NET BOOK VALUE
At 24 March 2024 1
At 24 March 2023 1

WESTFIELD PROPERTY MANAGEMENT COMPANY
LTD (REGISTERED NUMBER: 06705917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 24 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Sundry creditors 280 275
Due to service charge 943 627
1,223 902

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
98 Ordinary shares £1 98 98

8. RESERVES
Retained Freehold
earnings reserves Totals
£    £    £   

At 25 March 2023 12,711 1,783 14,494
Deficit for the year (364 ) - (364 )
At 24 March 2024 12,347 1,783 14,130