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REGISTERED NUMBER: 11465499 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

West Coast Property Ltd

West Coast Property Ltd (Registered number: 11465499)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


West Coast Property Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Miss A McLoughlin
P McLoughlin





REGISTERED OFFICE: Unit 8
Titan Court
Luton
LU4 8EF





REGISTERED NUMBER: 11465499 (England and Wales)





ACCOUNTANTS: Burnbecks Limited
Chartered Certified Accountants
2B Haddo Street
Greenwich
London
SE10 9RN

West Coast Property Ltd (Registered number: 11465499)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 972,500 1,020,000

CURRENT ASSETS
Debtors - 160,000
Cash at bank 16,833 12,863
16,833 172,863
CREDITORS
Amounts falling due within one year 2,631 233,505
NET CURRENT ASSETS/(LIABILITIES) 14,202 (60,642 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

986,702

959,358

CREDITORS
Amounts falling due after more than one
year

5

(953,440

)

(883,510

)

PROVISIONS FOR LIABILITIES (9,860 ) (9,566 )
NET ASSETS 23,402 66,282

West Coast Property Ltd (Registered number: 11465499)

Abridged Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 3,669 51,463
Retained earnings 19,633 14,719
SHAREHOLDERS' FUNDS 23,402 66,282

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

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 April 2025 and were signed on its behalf by:





Miss A McLoughlin - Director


West Coast Property Ltd (Registered number: 11465499)

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

1. STATUTORY INFORMATION

West Coast Property 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

West Coast Property Ltd (Registered number: 11465499)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,020,000
Revaluations (47,500 )
At 31 July 2024 972,500
NET BOOK VALUE
At 31 July 2024 972,500
At 31 July 2023 1,020,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2020 22,766
Valuation in 2022 129,262
Valuation in 2023 (91,000 )
Valuation in 2024 (47,500 )
Cost 958,972
972,500

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
31.7.24 31.7.23
£    £   
Repayable otherwise than by instalments
Bank loans 703,290 703,290

6. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 703,290 703,290

Bank loans are secured by way of charges created on 26/4/2019 and 24/5/2021 on the company's investment properties.

West Coast Property Ltd (Registered number: 11465499)

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

7. RESERVES
Fair
value
reserve
£   
At 1 August 2023 51,463
Revaluation in year (47,500 )
Deferred tax (294 )

At 31 July 2024 3,669