Registered number
15015221
Westbrooke Properties Limited
Unaudited Filleted Accounts
31 July 2024
Westbrooke Properties Limited
Registered number: 15015221
Balance Sheet
as at 31 July 2024
Notes 2024
£
Fixed assets
Tangible assets 3 476,269
476,269
Current assets
Cash at bank and in hand 3,021
3,021
Creditors: amounts falling due within one year 4 (242,420)
Net current liabilities (239,399)
Total assets less current liabilities 236,870
Creditors: amounts falling due after more than one year 5 (258,971)
Net liabilities (22,101)
Capital and reserves
Called up share capital 1
Profit and loss account (22,102)
Shareholders' funds (22,101)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. M. Saghir
Director
Approved by the board on 17 April 2025
Westbrooke Properties Limited
Notes to the Accounts
for the period from 20 July 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Investment Property
Investment property is included at fair value. Gains are recognised in the Income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Investment Property Total
£ £
Cost
At 20 July 2023 - -
Additions 476,269 476,269
Surplus on revaluation - -
Disposals - -
At 31 July 2024 476,269 476,269
Depreciation
At 20 July 2023 - -
Charge for the period - -
Surplus on revaluation - -
On disposals - -
At 31 July 2024 - -
Net book value
At 31 July 2024 476,269 476,269
At 19 July 2023 - -
Freehold land and buildings: 2024
£
Historical cost 378,202
378,202
Investment properties are valued by the director based on similar properties in the locality and reviews conducted on an open market valuation of a freehold basis. The director believes there has not been an increase in the fair value of the property from the acquisition cost.
4 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 8,969
Trade creditors 1,195
Other creditors 232,256
242,420
5 Creditors: amounts falling due after one year 2024
£
Bank loans 258,971
258,971
6 Loans 2024
£
Creditors include:
Instalments falling due for payment after more than five years 223,096
223,096
Secured bank loans 267,940
Security is given against the freehold interest in the investment properties owned by the company.
7 Other information
Westbrooke Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
41 Lansdown Road
Luton
Bedfordshire
LU3 1EE
Westbrooke Properties Limited 15015221 false 2023-07-20 2024-07-31 2024-07-31 VT Final Accounts April 2025 Mr. M. Saghir No description of principal activity 15015221 2023-07-20 2024-07-31 15015221 bus:PrivateLimitedCompanyLtd 2023-07-20 2024-07-31 15015221 bus:AuditExemptWithAccountantsReport 2023-07-20 2024-07-31 15015221 bus:Director40 2023-07-20 2024-07-31 15015221 2 2023-07-20 2024-07-31 15015221 core:LandBuildings 2023-07-20 2024-07-31 15015221 countries:England 2023-07-20 2024-07-31 15015221 bus:FRS102 2023-07-20 2024-07-31 15015221 bus:FilletedAccounts 2023-07-20 2024-07-31 15015221 2024-07-31 15015221 core:WithinOneYear 2024-07-31 15015221 core:AfterOneYear 2024-07-31 15015221 core:ShareCapital 2024-07-31 15015221 core:RetainedEarningsAccumulatedLosses 2024-07-31 15015221 core:LandBuildings 2024-07-31 15015221 core:MoreThanFiveYears 2024-07-31 15015221 2023-07-19 15015221 core:LandBuildings 2023-07-19 iso4217:GBP xbrli:pure