IRIS Accounts Production v24.3.0.553 03484350 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034843502023-05-31034843502024-05-31034843502023-06-012024-05-31034843502022-05-31034843502022-06-012023-05-31034843502023-05-3103484350ns15:EnglandWales2023-06-012024-05-3103484350ns14:PoundSterling2023-06-012024-05-3103484350ns10:Director12023-06-012024-05-3103484350ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3103484350ns10:SmallEntities2023-06-012024-05-3103484350ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3103484350ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3103484350ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3103484350ns10:FullAccounts2023-06-012024-05-3103484350ns10:OrdinaryShareClass12023-06-012024-05-3103484350ns10:Director22023-06-012024-05-3103484350ns10:RegisteredOffice2023-06-012024-05-3103484350ns5:CurrentFinancialInstruments2024-05-3103484350ns5:CurrentFinancialInstruments2023-05-3103484350ns5:Non-currentFinancialInstruments2024-05-3103484350ns5:Non-currentFinancialInstruments2023-05-3103484350ns5:ShareCapital2024-05-3103484350ns5:ShareCapital2023-05-3103484350ns5:FurtherSpecificReserve1ComponentTotalEquity2024-05-3103484350ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3103484350ns5:RetainedEarningsAccumulatedLosses2024-05-3103484350ns5:RetainedEarningsAccumulatedLosses2023-05-3103484350ns5:FurnitureFittings2023-05-3103484350ns5:FurnitureFittings2023-06-012024-05-3103484350ns5:FurnitureFittings2024-05-3103484350ns5:FurnitureFittings2023-05-3103484350ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3103484350ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3103484350ns5:Secured2024-05-3103484350ns5:Secured2023-05-3103484350ns5:DeferredTaxation2023-05-3103484350ns5:DeferredTaxation2024-05-3103484350ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 03484350 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Westking Estates Ltd

Westking Estates Ltd (Registered number: 03484350)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westking Estates Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs C Klein
Mr A Klein





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 03484350 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Westking Estates Ltd (Registered number: 03484350)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 11 13
Investment property 5 850,000 850,000
850,011 850,013

CURRENT ASSETS
Debtors 6 58,484 58,483
Cash at bank 8,444 2,627
66,928 61,110
CREDITORS
Amounts falling due within one year 7 39,018 40,686
NET CURRENT ASSETS 27,910 20,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

877,921

870,437

CREDITORS
Amounts falling due after more than one
year

8

(133,767

)

(140,930

)

PROVISIONS FOR LIABILITIES 10 (140,284 ) (140,284 )
NET ASSETS 603,870 589,223

CAPITAL AND RESERVES
Called up share capital 11 2 2
Non distributable reserves 518,004 518,004
Retained earnings 85,864 71,217
SHAREHOLDERS' FUNDS 603,870 589,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Westking Estates Ltd (Registered number: 03484350)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





Mr A Klein - Director


Westking Estates Ltd (Registered number: 03484350)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Westking Estates Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.


Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Investment properties
Investment properties are revalued annually and included in the balance sheet at their open market value.In accordance with SSAP19, no depreciation is provided in respect of investment properties.This represents a departure from the Companies Act 1985 requirements concerning fixed assets. These properties are held for investment and the directors consider that the adoption of this policy is necessary to give a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Westking Estates Ltd (Registered number: 03484350)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 June 2023
and 31 May 2024 2,572
DEPRECIATION
At 1 June 2023 2,559
Charge for year 2
At 31 May 2024 2,561
NET BOOK VALUE
At 31 May 2024 11
At 31 May 2023 13

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 June 2023
and 31 May 2024 850,000
NET BOOK VALUE
At 31 May 2024 850,000
At 31 May 2023 850,000

Fair value at 31 May 2024 is represented by:
£
Valuation in 2016 138,374
Valuation in 2017 469,914
Valuation in 2023 50,000
Cost 191,712
850,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Other debtors 58,484 58,483

Westking Estates Ltd (Registered number: 03484350)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£ £
Bank loans and overdrafts 8,098 9,034
Taxation and social security 22,789 24,036
Other creditors 8,131 7,616
39,018 40,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£ £
Bank loans 133,767 140,930

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 101,375 104,795

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£ £
Bank loans 141,865 149,964

The bank loan is secured over the companys Investment Property.


10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£ £
Deferred tax 140,284 140,284

Deferred tax
£
Balance at 1 June 2023 140,284
Balance at 31 May 2024 140,284

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £ £
2 Ordinary £1 2 2