Westfield Limited 1460205 false 2023-07-01 2024-12-31 2024-12-31 The principal activity of the company is that of the merchandising of textiles Digita Accounts Production Advanced 6.30.9574.0 true true 1460205 2023-07-01 2024-12-31 1460205 2024-12-31 1460205 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-12-31 1460205 core:CurrentFinancialInstruments 2024-12-31 1460205 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 1460205 core:FurnitureFittingsToolsEquipment 2024-12-31 1460205 core:MotorVehicles 2024-12-31 1460205 bus:SmallEntities 2023-07-01 2024-12-31 1460205 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-12-31 1460205 bus:FilletedAccounts 2023-07-01 2024-12-31 1460205 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-12-31 1460205 bus:RegisteredOffice 2023-07-01 2024-12-31 1460205 bus:Director2 2023-07-01 2024-12-31 1460205 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-12-31 1460205 core:ComputerEquipment 2023-07-01 2024-12-31 1460205 core:FurnitureFittings 2023-07-01 2024-12-31 1460205 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-12-31 1460205 core:MotorVehicles 2023-07-01 2024-12-31 1460205 countries:AllCountries 2023-07-01 2024-12-31 1460205 2023-06-30 1460205 core:FurnitureFittingsToolsEquipment 2023-06-30 1460205 core:MotorVehicles 2023-06-30 1460205 2022-07-01 2023-06-30 1460205 2023-06-30 1460205 core:CurrentFinancialInstruments 2023-06-30 1460205 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 1460205 core:FurnitureFittingsToolsEquipment 2023-06-30 1460205 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 1460205

Westfield Limited

Unaudited Financial Statements

for the Period from 1 July 2023 to 31 December 2024

 

Westfield Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Westfield Limited

(Registration number: 1460205)
Statement of Financial Position as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

551

Other financial assets

5

-

378

 

-

929

Current assets

 

Debtors

6

-

146

Cash at bank and in hand

 

22,476

22,072

 

22,476

22,218

Creditors: Amounts falling due within one year

7

(23,457)

(23,088)

Net current liabilities

 

(981)

(870)

Net (liabilities)/assets

 

(981)

59

Capital and reserves

 

Called up share capital

243,100

243,100

Retained earnings

(244,081)

(243,041)

Shareholders' (deficit)/funds

 

(981)

59

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Westfield Limited

(Registration number: 1460205)
Statement of Financial Position as at 31 December 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 16 February 2025
 

.........................................
Mr B M Oza
Director

 

Westfield Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
26 Prestbury Road
Wilmslow
Cheshire
SK9 2LL
United Kingdom

These financial statements were authorised for issue by the director on 16 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

15% on cost

Motor Vehicles

25% on cost

Computer equipment

25% on cost

 

Westfield Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

Investments

Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the income statement.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

28,881

14,624

43,505

Disposals

(28,881)

(14,624)

(43,505)

At 31 December 2024

-

-

-

Depreciation

At 1 July 2023

28,330

14,624

42,954

Charge for the period

435

-

435

Eliminated on disposal

(28,765)

(14,624)

(43,389)

At 31 December 2024

-

-

-

Carrying amount

At 31 December 2024

-

-

-

At 30 June 2023

551

-

551

 

Westfield Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2023 to 31 December 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 July 2023

378

378

Fair value adjustments

10

10

Disposals

(388)

(388)

At 31 December 2024

-

-

Carrying amount

At 31 December 2024

-

-

6

Debtors

2024
£

2023
£

Prepayments

-

146

-

146

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

460

295

Accruals and deferred income

900

400

Other creditors

22,097

22,393

23,457

23,088