WEST RIDING INVESTMENTS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
WEST RIDING INVESTMENTS LIMITED
COMPANY INFORMATION
Director
S E Wright
(Appointed 10 May 2023)
Company number
14860328 (England and Wales)
Registered office
11 Nicholas Street
Burnley
Lancashire
BB11 2AL
Accountants
Ashworth Moulds
11 Nicholas Street
Burnley
Lancashire
BB11 2AL
WEST RIDING INVESTMENTS LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Balance sheet
3
Statement of changes in equity
4
Notes to the financial statements
5 - 7
WEST RIDING INVESTMENTS LIMITED
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 31 MAY 2024
- 1 -

The director presents his annual report and financial statements for the period ended 31 May 2024.

Principal activities

 

The principal activity of the company was that of a non trading holding company. The company was incorporated on 10 May 2023.

 

Director

The director who held office during the period and up to the date of signature of the financial statements was as follows:

S E Wright
(Appointed 10 May 2023)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
S E Wright
Director
10 February 2025
WEST RIDING INVESTMENTS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WEST RIDING INVESTMENTS LIMITED FOR THE PERIOD ENDED 31 MAY 2024
- 2 -

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 Riding Investments Limited for the period ended 31 May 2024 set out on pages 3 to 7 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 at https://www.icaew.com/regulation.

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

It is your duty to ensure that West Riding Investments 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 result of West Riding Investments Limited. You consider that West Riding Investments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of West Riding Investments 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.

Ashworth Moulds
Chartered Accountants
11 Nicholas Street
Burnley
Lancashire
BB11 2AL
10 February 2025
WEST RIDING INVESTMENTS LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 3 -
2024
Notes
£
£
Fixed assets
Investments
3
900,000
Current assets
Debtors
4
1
Net current assets
1
Net assets
900,001
Capital and reserves
Called up share capital
5
1,000
Share premium account
899,001
Total equity
900,001

The notes on pages pages 5 to 7 form an integral part of these financial statements.

For the financial period ended 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 10 February 2025
S E Wright
Director
Company registration number 14860328 (England and Wales)
WEST RIDING INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MAY 2024
- 4 -
Share capital
Share premium account
Total
Notes
£
£
£
Balance at 10 May 2023
-
0
-
0
-
Period ended 31 May 2024:
Profit and total comprehensive income
-
-
-
0
Issue of share capital
5
1,000
-
0
1,000
Other movements
-
899,001
899,001
Balance at 31 May 2024
1,000
899,001
900,001
On 26th May 2023 pursuant to a demerger agreement with Alvic Holdings Limited the company issued 999 shares at a value of £899,001
WEST RIDING INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024
- 5 -
1
Accounting policies
Company information

West Riding Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 11 Nicholas Street, Burnley, Lancashire, BB11 2AL.

1.1
Reporting period

The company was incorporated on 10 May 2023. The accounts are prepared for the period 10 May 2023 to 31 May 2024.

 

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.3
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Profit and loss account

The company has not traded during the period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

WEST RIDING INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 6 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

A financial instrument is a contract giving rise to a financial asset (such as trade and other debtors, cash and bank balances) or a financial liability (such as trade and other creditors, bank and other loans, hire purchase and lease creditors) or an equity instrument (such as ordinary or preference shares).

 

Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

 

All the company's financial instruments are basic financial instruments and are recognised at amortised cost using the effective interest method.

 

Amortised cost: the original transaction value, less amounts settled, less any adjustment for impairment.

 

Effective interest method: where a financial instrument falls due more than 12 months after the balance sheet date and is subject to a rate of interest which is below a market rate, the original transaction value is discounted using a market rate of interest to give the net present value of future cash flows.

Derecognition of financial assets

Financial assets cease to be recognised only when the contractual rights to the cash flows expire, or when substantially all the risks and rewards of ownership are transferred to another entity.

 

Financial liabilities cease to be recognised when and only when the company's obligations are discharged, cancelled, or they expire.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
1
3
Fixed asset investments
2024
Notes
£
Investments in subsidiaries
900,000
WEST RIDING INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2024
3
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 10 May 2023
-
Additions
900,000
At 31 May 2024
900,000
Carrying amount
At 31 May 2024
900,000

Ordinary share capital of Northern Properties Limited acquired under the demerger agreement with Alvic Holdings Limited.

 

4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
1
5
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000

The shares were issued during the period at par value.

 

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