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Registered number: 10613483
West Tech Property Management Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Greenwood & Co Limited
Chartered Certified Accountants
41 Derwent Gardens
Redbridge
Ilford
Essex
IG4 5NA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10613483
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 850,000 850,000
850,000 850,000
CURRENT ASSETS
Cash at bank and in hand 12,127 47,345
12,127 47,345
Creditors: Amounts Falling Due Within One Year 5 (327,196 ) (276,461 )
NET CURRENT ASSETS (LIABILITIES) (315,069 ) (229,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES 534,931 620,884
Creditors: Amounts Falling Due After More Than One Year 6 (292,222 ) (386,155 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (47,353 ) (47,353 )
NET ASSETS 195,356 187,376
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 148,704 148,704
Profit and Loss Account 46,552 38,572
SHAREHOLDERS' FUNDS 195,356 187,376
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr F Ohanessyan
Director
24/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
West Tech Property Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10613483 . The registered office is 14a Cranborne Industrial Estate, Cranborne Road, Potters Bar, Hertfordshire, EN6 3JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income receivable in the year.
2.3. Investment Properties
Investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
2.4. 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Investment Properties
£
Cost
As at 1 June 2023 850,000
As at 31 May 2024 850,000
Net Book Value
As at 31 May 2024 850,000
As at 1 June 2023 850,000
Page 3
Page 4
Cost or valuation as at 31 May 2024 represented by:
Investment Properties
£
At cost 653,944
At valuation 196,056
850,000
The directors confirm that the fair value of the investment properties to be not materially different to the carrying value, based on their knowledge of the comparable local properties. 
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 325,324 274,814
Taxation and social security 1,872 1,647
327,196 276,461
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 292,222 386,155
7. Secured Creditors
Of the creditors falling due within and after more than one year the following loans are secured via a fixed and floating charge against the investment properties. 
2024 2023
£ £
Bank loans and overdrafts 292,222 386,155
8. Reserves
Fair Value Reserve
£
As at 1 June 2023 148,704
As at 31 May 2024 148,704
Page 4