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Company Registration No. 10295415 (England and Wales)
Westmore Developments Ltd Unaudited accounts for the year ended 31 July 2024
Westmore Developments Ltd Unaudited accounts Contents
Page
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Westmore Developments Ltd Company Information for the year ended 31 July 2024
Directors
Kavita Jassal Nrinderpal Singh
Secretary
Kavita Jassal
Company Number
10295415 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
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Westmore Developments Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
631 
- 
Investment property
- 
1,678,373 
631 
1,678,373 
Current assets
Inventories
1,202,932 
- 
Debtors
299,741 
70,770 
Cash at bank and in hand
6,003 
29,601 
1,508,676 
100,371 
Creditors: amounts falling due within one year
(172,987)
(32,287)
Net current assets
1,335,689 
68,084 
Total assets less current liabilities
1,336,320 
1,746,457 
Creditors: amounts falling due after more than one year
(1,433,603)
(1,832,624)
Net liabilities
(97,283)
(86,167)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
148,000 
148,000 
Profit and loss account
(245,285)
(234,169)
Shareholders' funds
(97,283)
(86,167)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by
Nrinderpal Singh Director Company Registration No. 10295415
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Westmore Developments Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Westmore Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10295415. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% SL
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
- 
Additions
908 
At 31 July 2024
908 
Depreciation
Charge for the year
277 
At 31 July 2024
277 
Net book value
At 31 July 2024
631 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
1,678,373 
Additions
89,428 
Disposals
(1,767,801)
At 31 July 2024
- 
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Westmore Developments Ltd Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
16,845 
- 
Amounts due from group undertakings etc.
196,487 
- 
Accrued income and prepayments
77,469 
6,764 
Other debtors
8,940 
64,006 
299,741 
70,770 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,014 
10,014 
Trade creditors
14,803 
20,208 
Amounts owed to group undertakings and other participating interests
88,223 
- 
Loans from directors
59,947 
- 
Accruals
- 
2,065 
172,987 
32,287 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,383,603 
1,201,430 
Other creditors
50,000 
525,614 
Loans from directors
- 
105,580 
1,433,603 
1,832,624 
9
Loans to directors
At the balance sheet date, the company owes to the director an amount of £59,947.
10
Transactions with related parties
During the year, the company had the following balances with related parties: A balance of £88,223 was due to the parent company, Westmore Capital Holdings Ltd. A balance of £196,487 was due from a group company, Westmore Property Management Ltd.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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