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REGISTERED NUMBER: 06391461 (England and Wales)













Unaudited Financial Statements for the Year Ended 31 October 2023

for

West One (Hagley) Limited

West One (Hagley) Limited (Registered number: 06391461)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


West One (Hagley) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A S Bhandal
B S Bhandal
B S Bhandal





SECRETARY: B S Bhandal





REGISTERED OFFICE: Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS





REGISTERED NUMBER: 06391461 (England and Wales)





ACCOUNTANTS: Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
West One (Hagley) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West One (Hagley) Limited for the year ended 31 October 2023 which comprise the Profit and Loss account, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of West One (Hagley) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of West One (Hagley) Limited and state those matters that we have agreed to state to the Board of Directors of West One (Hagley) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West One (Hagley) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that West One (Hagley) 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 loss of West One (Hagley) Limited. You consider that West One (Hagley) 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 West One (Hagley) 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.






Wilkes Tranter & Co Limited
Brook House
Moss Grove
Kingswinford
West Midlands
DY6 9HS


25 November 2024

West One (Hagley) Limited (Registered number: 06391461)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 60,005 60,005
Tangible assets 5 270,500 308,885
330,505 368,890

CURRENT ASSETS
Stocks 20,500 18,000
Debtors 6 13,556 17,149
Cash at bank and in hand 27,425 23,602
61,481 58,751
CREDITORS
Amounts falling due within one year 7 (55,725 ) (66,790 )
NET CURRENT ASSETS/(LIABILITIES) 5,756 (8,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,261

360,851

CREDITORS
Amounts falling due after more than
one year

8

(2,635,432

)

(2,408,764

)
NET LIABILITIES (2,299,171 ) (2,047,913 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (2,299,174 ) (2,047,916 )
(2,299,171 ) (2,047,913 )

West One (Hagley) Limited (Registered number: 06391461)

Balance Sheet - continued
31 October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





B S Bhandal - Director


West One (Hagley) Limited (Registered number: 06391461)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

West One (Hagley) 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.

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

Goodwill
No amortisation has been provided for in relation to the goodwill acquired in 2016.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


West One (Hagley) Limited (Registered number: 06391461)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At 31 October 2023 there was a deficiency of assets amounting to £2,299,171. The company was dependant upon the continuing financial support of the directors. The directors have confirmed that they will continue to support the company and as such the accounts have been prepared on a going concern basis. The accounts do not include any adjustments which would result from a withdrawal of the directors financial support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 60,005
NET BOOK VALUE
At 31 October 2023 60,005
At 31 October 2022 60,005

West One (Hagley) Limited (Registered number: 06391461)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
equipment
£   
COST
At 1 November 2022 1,487,096
Additions 51,782
At 31 October 2023 1,538,878
DEPRECIATION
At 1 November 2022 1,178,211
Charge for year 90,167
At 31 October 2023 1,268,378
NET BOOK VALUE
At 31 October 2023 270,500
At 31 October 2022 308,885

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,556 17,149

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 36,355 30,329
Taxation and social security 3,584 10,052
Other creditors 15,786 26,409
55,725 66,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 2,635,432 2,408,764

9. RELATED PARTY DISCLOSURES

During the year the company received funding from the directors, AS, BS and BS Bhandal. The balance due to AS, BS and BS Bhandal at 31 October 2023 was £2,635,432 (2022 - £2,408,764).