Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr Luke Galton 28/03/2018 Mr Rick Galton 28/03/2018 10 October 2024 The principal activity of the Company during the financial year was property investment. 11279517 2024-03-31 11279517 bus:Director1 2024-03-31 11279517 bus:Director2 2024-03-31 11279517 2023-03-31 11279517 core:CurrentFinancialInstruments 2024-03-31 11279517 core:CurrentFinancialInstruments 2023-03-31 11279517 core:Non-currentFinancialInstruments 2024-03-31 11279517 core:Non-currentFinancialInstruments 2023-03-31 11279517 core:ShareCapital 2024-03-31 11279517 core:ShareCapital 2023-03-31 11279517 core:LandBuildings 2023-03-31 11279517 core:LandBuildings 2024-03-31 11279517 2023-04-01 2024-03-31 11279517 bus:FilletedAccounts 2023-04-01 2024-03-31 11279517 bus:SmallEntities 2023-04-01 2024-03-31 11279517 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11279517 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11279517 bus:Director1 2023-04-01 2024-03-31 11279517 bus:Director2 2023-04-01 2024-03-31 11279517 2022-04-01 2023-03-31 11279517 core:LandBuildings 2023-04-01 2024-03-31 11279517 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 11279517 (England and Wales)

WESTERN ROAD WAREHOUSE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

WESTERN ROAD WAREHOUSE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

WESTERN ROAD WAREHOUSE LIMITED

BALANCE SHEET

As at 31 March 2024
WESTERN ROAD WAREHOUSE LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,583,227 1,489,926
1,583,227 1,489,926
Current assets
Debtors 4 68,626 76,289
Cash at bank and in hand 28,443 25,945
97,069 102,234
Creditors: amounts falling due within one year 5 ( 734,297) ( 640,385)
Net current liabilities (637,228) (538,151)
Total assets less current liabilities 945,999 951,775
Creditors: amounts falling due after more than one year 6 ( 945,959) ( 951,735)
Net assets 40 40
Capital and reserves
Called-up share capital 40 40
Total shareholder's funds 40 40

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Western Road Warehouse Limited (registered number: 11279517) were approved and authorised for issue by the Board of Directors on 10 October 2024. They were signed on its behalf by:

Mr Rick Galton
Director
WESTERN ROAD WAREHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
WESTERN ROAD WAREHOUSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Western Road Warehouse Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 April 2023 1,489,926 1,489,926
Additions 93,301 93,301
At 31 March 2024 1,583,227 1,583,227
Accumulated depreciation
At 01 April 2023 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 1,583,227 1,583,227
At 31 March 2023 1,489,926 1,489,926

4. Debtors

2024 2023
£ £
Other debtors 68,626 76,289

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 0 2,666
Other creditors 734,297 637,719
734,297 640,385

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 945,959 951,735

The bank loans are secured on freehold and leasehold properties of the Company with a carrying value of £1,458,594 (2023: £1,489,926)