Company Registration No. 03930105 (England and Wales)
Westmorland Estates Limited
Unaudited accounts
for the year ended 5 April 2024
Westmorland Estates Limited
Unaudited accounts
Contents
Westmorland Estates Limited
Company Information
for the year ended 5 April 2024
Company Number
03930105 (England and Wales)
Registered Office
26 BRUNSWICK TERRACE
FLAT 5
HOVE
BN3 1HJ
ENGLAND
Accountants
Caat Advisory Ltd
Studio 19a Oru Space Sutton
7 Throwley Way
Sutton
SM1 4AF
Westmorland Estates Limited
Statement of financial position
as at 5 April 2024
Investment property
1,590,263
1,590,263
Cash at bank and in hand
27,831
1,437
Creditors: amounts falling due within one year
(25,020)
(22,143)
Net current assets
5,407
4,311
Total assets less current liabilities
1,595,670
1,594,574
Creditors: amounts falling due after more than one year
(1,298,158)
(1,304,406)
Provisions for liabilities
Deferred tax
(57,570)
(57,570)
Net assets
239,942
232,598
Called up share capital
1,000
1,000
Profit and loss account
238,942
231,598
Shareholders' funds
239,942
232,598
For the year ending 5 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by
L Kirby
Director
Company Registration No. 03930105
Westmorland Estates Limited
Notes to the Accounts
for the year ended 5 April 2024
Westmorland Estates Limited is a private company, limited by shares, registered in England and Wales, registration number 03930105. The registered office is 26 BRUNSWICK TERRACE, FLAT 5, HOVE, BN3 1HJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is rental income and is measured at the fair value of the consideration received or receivable.
Fair value at 6 April 2023
1,590,263
Amounts falling due within one year
Other debtors
2,596
25,017
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
24,520
19,604
Westmorland Estates Limited
Notes to the Accounts
for the year ended 5 April 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
871,351
873,350
Other creditors
228,040
228,039
Loans from directors
198,767
203,017
Bank loans are secured mortgages.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).