IRIS Accounts Production v24.2.0.383 09788485 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097884852023-03-31097884852024-03-31097884852023-04-012024-03-31097884852022-03-31097884852022-04-012023-03-31097884852023-03-3109788485ns15:EnglandWales2023-04-012024-03-3109788485ns14:PoundSterling2023-04-012024-03-3109788485ns10:Director12023-04-012024-03-3109788485ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109788485ns10:SmallEntities2023-04-012024-03-3109788485ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109788485ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109788485ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109788485ns10:FullAccounts2023-04-012024-03-3109788485ns10:Director22023-04-012024-03-3109788485ns10:CompanySecretary12023-04-012024-03-3109788485ns10:RegisteredOffice2023-04-012024-03-3109788485ns5:CurrentFinancialInstruments2024-03-3109788485ns5:CurrentFinancialInstruments2023-03-3109788485ns5:ShareCapital2024-03-3109788485ns5:ShareCapital2023-03-3109788485ns5:RetainedEarningsAccumulatedLosses2024-03-3109788485ns5:RetainedEarningsAccumulatedLosses2023-03-3109788485ns5:FurnitureFittings2023-03-3109788485ns5:FurnitureFittings2023-04-012024-03-3109788485ns5:FurnitureFittings2024-03-3109788485ns5:FurnitureFittings2023-03-3109788485ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109788485ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109788485ns5:CurrentFinancialInstruments2023-04-012024-03-3109788485ns5:DeferredTaxation2023-03-3109788485ns5:DeferredTaxation2023-04-012024-03-3109788485ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 09788485 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Westside Enterprises Ltd

Westside Enterprises Ltd (Registered number: 09788485)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westside Enterprises Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: L J Adams
G F Kimpton





SECRETARY: J M Adams





REGISTERED OFFICE: Airport House
Suite 43-45
Purley Way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 09788485 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ

Westside Enterprises Ltd (Registered number: 09788485)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 48 67

CURRENT ASSETS
Debtors 5 78,707 119,151
Cash at bank 9,556 31,930
88,263 151,081
CREDITORS
Amounts falling due within one year 6 (78,624 ) (81,730 )
NET CURRENT ASSETS 9,639 69,351
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,687

69,418

PROVISIONS FOR LIABILITIES 7 (9 ) (13 )
NET ASSETS 9,678 69,405

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 9,578 69,305
9,678 69,405

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

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

Westside Enterprises Ltd (Registered number: 09788485)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





L J Adams - Director


Westside Enterprises Ltd (Registered number: 09788485)

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

1. STATUTORY INFORMATION

Westside Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of sound recording and music publishing royalties.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment 25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FINANCIAL INSTRUMENTS
he company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Westside Enterprises Ltd (Registered number: 09788485)

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

2. ACCOUNTING POLICIES - continued

FOREIGN CURRENCIES
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the statement of income and retained earning in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risk and uncertainties.

When payments are eventually made, they are charged to the provision carried in Balance sheet date.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 1,106
DEPRECIATION
At 1 April 2023 1,039
Charge for year 19
At 31 March 2024 1,058
NET BOOK VALUE
At 31 March 2024 48
At 31 March 2023 67

Westside Enterprises Ltd (Registered number: 09788485)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,274 22,853
Amounts owed by associates - 42
Other debtors 65,433 96,256
78,707 119,151

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,062 -
Trade creditors 5,273 2,885
Taxation and social security 613 6,412
Other creditors 61,676 72,433
78,624 81,730

The directors consider the carrying amounts of current liabilities approximate to their fair values

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9 13

Deferred
tax
£   
Balance at 1 April 2023 13
Provided during year (4 )
Balance at 31 March 2024 9

8. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. CHARGE OVER THE ASSETS OF COMPANY

Coutts & Company hold a fixed and floating charge over all property or undertaking of the company.

Westside Enterprises Ltd (Registered number: 09788485)

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

10. RELATED PARTY DISCLOSURES

As at the balance sheet date included in other creditors are amounts of £15,568 (2023 : £791) due to the directors. This loan is interest free and repayable on demand.

Director George Frederick Kimpton is the sole shareholder in Burning Girl Productions Limited. During the year Westside Enterprises Limited has made payment to Burning Girl Productions Limited of £240,153 (2023 - £287,578) as Royalty.

As at the balance sheet date, included in debtors is an amount due from Clearview International Ltd of Nil (2023 - £42), an associate company having common director and shareholders.