Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2023-08-03false2falsefalse 15047690 2023-08-02 15047690 2023-08-03 2024-08-31 15047690 2022-08-03 2023-08-02 15047690 2024-08-31 15047690 c:Director1 2023-08-03 2024-08-31 15047690 c:Director2 2023-08-03 2024-08-31 15047690 c:RegisteredOffice 2023-08-03 2024-08-31 15047690 d:CurrentFinancialInstruments 2024-08-31 15047690 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 15047690 d:ShareCapital 2024-08-31 15047690 d:RetainedEarningsAccumulatedLosses 2024-08-31 15047690 c:FRS102 2023-08-03 2024-08-31 15047690 c:AuditExempt-NoAccountantsReport 2023-08-03 2024-08-31 15047690 c:FullAccounts 2023-08-03 2024-08-31 15047690 c:PrivateLimitedCompanyLtd 2023-08-03 2024-08-31 15047690 e:PoundSterling 2023-08-03 2024-08-31 iso4217:GBP xbrli:pure
Company registration number: 15047690







UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 AUGUST 2024


WESTBROOK CAPITAL LTD






































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WESTBROOK CAPITAL LTD
 


 
COMPANY INFORMATION


Directors
J N Philpot 
S C Philpot 




Registered number
15047690



Registered office
Magna House
18-32 London Road

Staines-Upon-Thames

TW18 4BP




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


WESTBROOK CAPITAL LTD
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 4


 


WESTBROOK CAPITAL LTD
REGISTERED NUMBER:15047690



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
11,333,255

Cash at bank and in hand
  
37,242

  
11,370,497

Creditors: amounts falling due within one year
 5 
(1,114,662)

Net current assets
  
 
 
10,255,835

Total assets less current liabilities
  
10,255,835

  

Net assets
  
10,255,835


Capital and reserves
  

Called up share capital 
  
9,849,000

Profit and loss account
  
406,835

  
10,255,835


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S C Philpot
Director
Date: 3 April 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


WESTBROOK CAPITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

1.


General information

Westbrook Capital Ltd is a private company, limited by shares, registered in England and Wales. The address of the registered office is given in the company information page of these financial statements. The company has no principle place of business.
The company was incorporated on the 3 August 2023. As a result this is the company's first set of accounts which represents a period from incorporation to 31 August 2024.
The presentation currency of the financial statements is the Pound Sterling (£).
The significant accounting policies applied in the preparation of these financial statements are set out below.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, no critical judgements or accounting estimates have been used by management in assessing the appropriateness of going concern.

 
2.3

Revenue

Interest receivable is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Interest receivable is generated via interest charged on loans given to associated companies and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


Page 2

 


WESTBROOK CAPITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024
£


Other debtors
11,333,255

11,333,255



5.


Creditors: Amounts falling due within one year

2024
£

Trade creditors
690

Corporation tax
135,612

Other creditors
964,936

Accruals and deferred income
13,424

1,114,662


Page 3

 


WESTBROOK CAPITAL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024

6.


Related party transactions

At the period end, the company owe the directors £964,936. This amount is considered to be interest free and repayable on demand.

 
Page 4