REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
23 AUGUST 2024 TO 28 FEBRUARY 2025 |
FOR |
WESTWARD LOOK LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
23 AUGUST 2024 TO 28 FEBRUARY 2025 |
FOR |
WESTWARD LOOK LTD |
WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 AUGUST 2024 TO 28 FEBRUARY 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
WESTWARD LOOK LTD |
COMPANY INFORMATION |
FOR THE PERIOD 23 AUGUST 2024 TO 28 FEBRUARY 2025 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
61 Station Road |
Sudbury |
Suffolk |
CO10 2SP |
WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149) |
BALANCE SHEET |
28 FEBRUARY 2025 |
22.8.24 | 28.2.25 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
( |
) | Fair value reserve | 8 |
( |
) | Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149) |
BALANCE SHEET - continued |
28 FEBRUARY 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 23 AUGUST 2024 TO 28 FEBRUARY 2025 |
1. | STATUTORY INFORMATION |
Westward Look Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
During the period there was no turnover as the company's trade was transferred to its parent company, Westward Look Holdco Limited, on 23rd September 2024 as part of a capital re-organisation.. |
Tangible fixed assets |
As at 23rd September 2024 all tangible assets were transferred to the company's parent company, Westward Look Holdco Limited. |
Investment property |
As at 23rd September 2024 all investment properties were transferred to the company's parent company, Westward Look Holdco Limited. |
Financial instruments |
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans, hire purchase and lease contracts. |
Taxation |
Taxation for the period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 AUGUST 2024 TO 28 FEBRUARY 2025 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 23 August 2024 |
Disposals | ( |
) |
At 28 February 2025 |
DEPRECIATION |
At 23 August 2024 |
Eliminated on disposal | ( |
) |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 22 August 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 23 August 2024 |
Disposals | ( |
) |
At 28 February 2025 |
NET BOOK VALUE |
At 28 February 2025 |
At 22 August 2024 |
As at 23rd September 2024 all investment properties were transferred to the company's parent company, Westward Look Holdco Limited, at market value. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 22.8.24 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
WESTWARD LOOK LTD (REGISTERED NUMBER: 12113149) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 23 AUGUST 2024 TO 28 FEBRUARY 2025 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 22.8.24 |
£ | £ |
Other creditors |
8. | RESERVES |
Incuded within reserves was a fair value reserve, which had been created through the process of revaluing the investment property held to its open market value each year. The reserve was also adjusted annually for any movements in deferred tax. |
As at 23rd September 2024 the fair value reserve was transferred to the profit and loss reserve as part of the capital re-organisation. |
9. | CAPITAL RE-ORGANISATION |
During the period the company undertook a capital re-organisation together with its parent company, Westward Look Holdco Limited. |
The re-organisation involved the transfer of all assets, liabilities and the trade of the company to Westward Look Holdco Limited in exchange for the return and cancellation of all share capital owned by the parent company. |
The transfer was effected on 23rd September 2024 and as at the balance sheet date, Westward Look Holdco Limited held the one remaining share in issue in Westward Look Limited. |