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REGISTERED NUMBER: 06724884 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Westvilla (MPS) Limited

Westvilla (MPS) Limited (Registered number: 06724884)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westvilla (MPS) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr P R Gray
Mrs J E Gray





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT





REGISTERED NUMBER: 06724884 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Westvilla (MPS) Limited (Registered number: 06724884)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,828,082 1,837,813

CURRENT ASSETS
Stocks 3,600 3,600
Debtors 5 670,519 689,905
Cash at bank and in hand 473,366 171,028
1,147,485 864,533
CREDITORS
Amounts falling due within one year 6 (295,423 ) (304,925 )
NET CURRENT ASSETS 852,062 559,608
TOTAL ASSETS LESS CURRENT LIABILITIES 2,680,144 2,397,421

CREDITORS
Amounts falling due after more than one
year

7

(544,777

)

(606,967

)

PROVISIONS FOR LIABILITIES (225,071 ) (225,071 )
NET ASSETS 1,910,296 1,565,383

CAPITAL AND RESERVES
Called up share capital 108 108
Revaluation reserve 685,882 685,882
Retained earnings 1,224,306 879,393
1,910,296 1,565,383

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.

Westvilla (MPS) Limited (Registered number: 06724884)

Balance Sheet - continued
31 July 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 24 April 2025 and were signed on its behalf by:




Mr P R Gray - Director



Mrs J E Gray - Director


Westvilla (MPS) Limited (Registered number: 06724884)

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

1. STATUTORY INFORMATION

Westvilla (MPS) Limited 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.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings freeholdnil
Fixtures, fittings & equipment20% reducing balance
Motor vehicles25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Freehold property is included at fair value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Westvilla (MPS) Limited (Registered number: 06724884)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 66 (2023 - 58 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 August 2023 1,800,000 7,340 62,176 1,869,516
Disposals - (1,804 ) - (1,804 )
At 31 July 2024 1,800,000 5,536 62,176 1,867,712
DEPRECIATION
At 1 August 2023 - 4,501 27,202 31,703
Charge for year - 463 8,744 9,207
Eliminated on disposal - (1,280 ) - (1,280 )
At 31 July 2024 - 3,684 35,946 39,630
NET BOOK VALUE
At 31 July 2024 1,800,000 1,852 26,230 1,828,082
At 31 July 2023 1,800,000 2,839 34,974 1,837,813

The directors have valued the property at a fair value of £1,800,000 as at 31 July 2024.

On a historical cost basis the property would have been included at an original cost of £889,047.

Westvilla (MPS) Limited (Registered number: 06724884)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 August 2023
and 31 July 2024 62,176
DEPRECIATION
At 1 August 2023 27,202
Charge for year 8,744
At 31 July 2024 35,946
NET BOOK VALUE
At 31 July 2024 26,230
At 31 July 2023 34,974

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,787 167,119
Other debtors 566,732 522,786
670,519 689,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 42,400 45,000
Hire purchase contracts 12,335 12,335
Trade creditors 23,124 59,971
Taxation and social security 130,251 122,979
Other creditors 87,313 64,640
295,423 304,925

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 510,130 550,005
Hire purchase contracts 23,642 35,978
Other creditors 11,005 20,984
544,777 606,967

Westvilla (MPS) Limited (Registered number: 06724884)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 340,530 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 552,530 595,005
Hire purchase contracts 35,977 48,313
588,507 643,318

The long term loans are secured by fixed charges over the company's freehold property.