IRIS Accounts Production v24.3.0.553 04720611 director 1.5.23 30.4.24 30.4.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047206112023-04-30047206112024-04-30047206112023-05-012024-04-30047206112022-04-30047206112022-05-012023-04-30047206112023-04-3004720611ns15:EnglandWales2023-05-012024-04-3004720611ns14:PoundSterling2023-05-012024-04-3004720611ns10:Director12023-05-012024-04-3004720611ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004720611ns10:SmallEntities2023-05-012024-04-3004720611ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004720611ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004720611ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004720611ns10:FullAccounts2023-05-012024-04-3004720611ns10:CompanySecretary12023-05-012024-04-3004720611ns10:RegisteredOffice2023-05-012024-04-3004720611ns5:CurrentFinancialInstruments2024-04-3004720611ns5:CurrentFinancialInstruments2023-04-3004720611ns5:ShareCapital2024-04-3004720611ns5:ShareCapital2023-04-3004720611ns5:RevaluationReserve2024-04-3004720611ns5:RevaluationReserve2023-04-3004720611ns5:RetainedEarningsAccumulatedLosses2024-04-3004720611ns5:RetainedEarningsAccumulatedLosses2023-04-3004720611ns5:LandBuildings2023-04-3004720611ns5:LandBuildings2023-05-012024-04-3004720611ns5:LandBuildings2024-04-3004720611ns5:LandBuildings2023-04-3004720611ns5:CostValuation2023-04-3004720611ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004720611ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30047206111ns10:Director12023-04-30047206111ns10:Director12022-04-30047206111ns10:Director12023-05-012024-04-30047206111ns10:Director12022-05-012023-04-30047206111ns10:Director12024-04-30047206111ns10:Director12023-04-30
REGISTERED NUMBER: 04720611 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Westrow Properties Ltd

Westrow Properties Ltd (Registered number: 04720611)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westrow Properties Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J D Armstrong





SECRETARY: LCC Associates Limited





REGISTERED OFFICE: Leofric House
18B Binley Road
Coventry
West Midlands
CV3 1JN





REGISTERED NUMBER: 04720611 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Westrow Properties Ltd (Registered number: 04720611)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 800,000 307,200
Investments 5 3 3
800,003 307,203

CURRENT ASSETS
Debtors 6 81,106 338,592
Cash at bank 23,815 84,927
104,921 423,519
CREDITORS
Amounts falling due within one year 7 9,986 8,654
NET CURRENT ASSETS 94,935 414,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

894,938

722,068

PROVISIONS FOR LIABILITIES 123,200 -
NET ASSETS 771,738 722,068

CAPITAL AND RESERVES
Called up share capital 5 5
Revaluation reserve 8 369,600 -
Retained earnings 402,133 722,063
SHAREHOLDERS' FUNDS 771,738 722,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Westrow Properties Ltd (Registered number: 04720611)

Balance Sheet - continued
30 April 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





J D Armstrong - Director


Westrow Properties Ltd (Registered number: 04720611)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Westrow Properties 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 (£).


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.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided ar rates calculated to write off the cost of fixed assets less their estimated residual value, over the expected useful lives on a straight line basis at a rate of 2% per annum.

At the balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Deferred taxation
Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Westrow Properties Ltd (Registered number: 04720611)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 May 2023 410,204
Revaluations 492,800
At 30 April 2024 903,004
DEPRECIATION
At 1 May 2023
and 30 April 2024 103,004
NET BOOK VALUE
At 30 April 2024 800,000
At 30 April 2023 307,200

Cost or valuation at 30 April 2024 is represented by:

Freehold
property
£   
Valuation in 2024 492,800
Cost 410,204
903,004

Freehold land and buildings were valued on an open market basis during the year by David Penn RICS of Bromwich Hardy, an independent valuer who holds appropriate qualifications with relevant experience in this field. The valuation was undertaken in accordance with the RICS Valuation - Global Standards (2020) "The Red Book" published by the Royal Institution of Chartered Surveyors on the basis of fair value.

The method used in determining the valuation of the freehold land and buildings was the fair value basis being the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 3
NET BOOK VALUE
At 30 April 2024 3
At 30 April 2023 3

Westrow Properties Ltd (Registered number: 04720611)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 81,105 -
Other debtors 1 338,592
81,106 338,592

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 8,171 7,004
Other creditors 1,815 1,650
9,986 8,654

8. RESERVES
Revaluation
reserve
£   
Non Distributable Reserves 369,600

At 30 April 2024 369,600

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
J D Armstrong
Balance outstanding at start of year 338,592 44,642
Amounts advanced 143,077 338,600
Amounts repaid (481,669 ) (44,650 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 338,592

The above loan has been charged at a commercial rate of interest.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Westrow Properties Ltd (Registered number: 04720611)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. ULTIMATE CONTROLLING PARTY

At the start of the year, the immediate controlling party was John Armstrong by virtue of his 100% shareholding in the company.

The ownership of the company changed on the 31st January 2024 when the Armstrong Industries Employee Ownership Trust, an Employee Ownership Trust, acquired 100 % of the share capital in the company.

Consequently, the Trustees of the Employee Ownership Trust now control the company by virtue of their shareholding.