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REGISTERED NUMBER: 08648203 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Westville Family Properties Limited

Westville Family Properties Limited (Registered number: 08648203)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westville Family Properties Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Dr T M White
Dr H S White





REGISTERED OFFICE: 9 Tarn Moor Crescent
Skipton
BD23 1LT





REGISTERED NUMBER: 08648203 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Westville Family Properties Limited (Registered number: 08648203)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 319 742
Investment property 5 412,500 413,500
412,819 414,242

CURRENT ASSETS
Debtors 6 269 242
Cash at bank 30,288 20,958
30,557 21,200
CREDITORS
Amounts falling due within one year 7 262,169 259,279
NET CURRENT LIABILITIES (231,612 ) (238,079 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,207

176,163

PROVISIONS FOR LIABILITIES 24,153 24,423
NET ASSETS 157,054 151,740

CAPITAL AND RESERVES
Called up share capital 40 40
Non-distributable reserve 120,022 120,832
Retained earnings 36,992 30,868
SHAREHOLDERS' FUNDS 157,054 151,740

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

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

Westville Family Properties Limited (Registered number: 08648203)

Balance Sheet - continued
31 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 18 October 2024 and were signed on its behalf by:





Dr T M White - Director


Westville Family Properties Limited (Registered number: 08648203)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Westville Family Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received during the year. Revenue recognised upon the receipt of the rent.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

Financial instruments
Basic financial instruments are recognised at amortised cost.

Taxation
Taxation for the year 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Westville Family Properties Limited (Registered number: 08648203)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 646 1,209 1,855
DEPRECIATION
At 1 September 2023 565 548 1,113
Charge for year 20 403 423
At 31 August 2024 585 951 1,536
NET BOOK VALUE
At 31 August 2024 61 258 319
At 31 August 2023 81 661 742

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 413,500
Revaluations (1,000 )
At 31 August 2024 412,500
NET BOOK VALUE
At 31 August 2024 412,500
At 31 August 2023 413,500

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2016 19,717
Valuation in 2019 (26,386 )
Valuation in 2020 79,283
Valuation in 2021 37,000
Valuation in 2022 21,000
Valuation in 2023 14,500
Valuation in 2024 (1,000 )
Cost 268,386
412,500

Investment property was valued on an open market basis on 31 August 2024 by the director .

Westville Family Properties Limited (Registered number: 08648203)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 269 242

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 1,986 1,586
Other creditors 260,183 257,693
262,169 259,279