2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 9,061 6,177 961 7,138 1,923 2,884 xbrli:pure xbrli:shares iso4217:GBP SC228998 2023-07-01 2024-06-30 SC228998 2024-06-30 SC228998 2023-06-30 SC228998 2022-07-01 2023-06-30 SC228998 2023-06-30 SC228998 2022-06-30 SC228998 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 SC228998 bus:Director1 2023-07-01 2024-06-30 SC228998 core:WithinOneYear 2024-06-30 SC228998 core:WithinOneYear 2023-06-30 SC228998 core:ShareCapital 2024-06-30 SC228998 core:ShareCapital 2023-06-30 SC228998 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC228998 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC228998 bus:SmallEntities 2023-07-01 2024-06-30 SC228998 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 SC228998 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 SC228998 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC228998 bus:FullAccounts 2023-07-01 2024-06-30 SC228998 core:ComputerEquipment 2023-07-01 2024-06-30 SC228998 core:ComputerEquipment 2024-06-30 SC228998 core:ComputerEquipment 2023-06-30 SC228998 core:AllUnconsolidatedStructuredEntities 2024-06-30
COMPANY REGISTRATION NUMBER: SC228998
Westminster Homes Limited
Filleted Unaudited Financial Statements
30 June 2024
Westminster Homes Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Westminster Homes Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Westminster Homes Limited
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westminster Homes Limited for the year ended 30 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Westminster Homes Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Westminster Homes Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westminster Homes Limited and its director for our work or for this report.
It is your duty to ensure that Westminster Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westminster Homes Limited. You consider that Westminster Homes Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Westminster Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
13 November 2024
Westminster Homes Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,923
2,884
Current assets
Debtors
6
1,150
4,245
Cash at bank and in hand
77,185
119,932
--------
---------
78,335
124,177
Creditors: amounts falling due within one year
7
34,441
33,611
--------
---------
Net current assets
43,894
90,566
--------
--------
Total assets less current liabilities
45,817
93,450
--------
--------
Net assets
45,817
93,450
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
45,815
93,448
--------
--------
Shareholders funds
45,817
93,450
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Westminster Homes Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 13 November 2024 , and are signed on behalf of the board by:
Mr C Finn
Director
Company registration number: SC228998
Westminster Homes Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment
-
33% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 July 2023 and 30 June 2024
9,061
9,061
-------
-------
Depreciation
At 1 July 2023
6,177
6,177
Charge for the year
961
961
-------
-------
At 30 June 2024
7,138
7,138
-------
-------
Carrying amount
At 30 June 2024
1,923
1,923
-------
-------
At 30 June 2023
2,884
2,884
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
1,150
4,245
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
288
Social security and other taxes
1,206
704
Other creditors
32,947
32,907
--------
--------
34,441
33,611
--------
--------
The Royal Bank of Scotland Plc hold a bond and floating charge over the whole property and undertaking of the company and a first standard security over sites acquired.
8. Director's advances, credits and guarantees
As at 30 June 2024 Mr C Finn , Director, was owed £ 32,399 from the company (2023 : £32,359). This is an interest free loan with no fixed repayment date.
9. Related party transactions
Mr C Finn is also the sole director of CDM Pro Limited. At 30 June 2024 £ 402 was owed to this company from Westminster Homes Limited , (2023: £1,468 was owed from this company).
10. Controlling party
The company was under the control of Mr C Finn throughout the current period.