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REGISTERED NUMBER: 11844224 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

WESTPATH LTD

WESTPATH LTD (REGISTERED NUMBER: 11844224)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WESTPATH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Ms E Gluck





REGISTERED OFFICE: 85 Fawcett Estate
Clapton Common
London
E5 9AX





REGISTERED NUMBER: 11844224 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

WESTPATH LTD (REGISTERED NUMBER: 11844224)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 138 207
Investment property 5 816,130 791,144
816,268 791,351

CURRENT ASSETS
Debtors 6 67,092 75,177
Investments 7 18,100 18,100
Cash at bank 1,149 1,873
86,341 95,150
CREDITORS
Amounts falling due within one year 8 (339,325 ) (339,747 )
NET CURRENT LIABILITIES (252,984 ) (244,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,284

546,754

CREDITORS
Amounts falling due after more than one
year

9

(579,545

)

(579,545

)
NET LIABILITIES (16,261 ) (32,791 )

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 12 (16,262 ) (32,792 )
SHAREHOLDERS' FUNDS (16,261 ) (32,791 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WESTPATH LTD (REGISTERED NUMBER: 11844224)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 director and authorised for issue on 27 November 2024 and were signed by:





M Y Gluck - Director


WESTPATH LTD (REGISTERED NUMBER: 11844224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Westpath 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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 635
DEPRECIATION
At 1 March 2023 428
Charge for year 69
At 29 February 2024 497
NET BOOK VALUE
At 29 February 2024 138
At 28 February 2023 207

WESTPATH LTD (REGISTERED NUMBER: 11844224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 791,144
Additions 24,986
At 29 February 2024 816,130
NET BOOK VALUE
At 29 February 2024 816,130
At 28 February 2023 791,144

The director has confirmed that there is no significant increase or decrease in the property market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,400 5,088
Other debtors 65,692 70,089
67,092 75,177

7. CURRENT ASSET INVESTMENTS
29.2.24 28.2.23
£    £   
Unlisted investments 18,100 18,100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 1,010 -
Social security and other taxes 38 38
Other creditors 337,467 338,929
Accrued expenses 810 780
339,325 339,747

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans more 5 yrs non-inst 579,545 579,545

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 579,545 579,545

WESTPATH LTD (REGISTERED NUMBER: 11844224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 579,545 579,545

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary 1 1 1

12. RESERVES
Retained
earnings
£   

At 1 March 2023 (32,792 )
Profit for the year 16,530
At 29 February 2024 (16,262 )

13. ULTIMATE CONTROLLING PARTY

The controlling party is M Y Gluck.