Company registration number 07975653 (England and Wales)
WEST MON INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
WEST MON INVESTMENTS LIMITED
COMPANY INFORMATION
Director
Mrs KL Fry
Company number
07975653
Registered office
Duffryn Mawr
Lower Common
Gilwern
Abergavenny
Monmouthshire
NP7 0EE
Accountants
WBV Limited
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY
WEST MON INVESTMENTS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 6
WEST MON INVESTMENTS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WEST MON INVESTMENTS LIMITED FOR THE YEAR ENDED 31 AUGUST 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of West Mon Investments Limited for the year ended 31 August 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of West Mon Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of West Mon Investments Limited and state those matters that we have agreed to state to the board of directors of West Mon Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West Mon Investments Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that West Mon Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of West Mon Investments Limited. You consider that West Mon Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of West Mon Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
WBV Limited
Chartered Accountants
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY
Wales
27 May 2025
WEST MON INVESTMENTS LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
177
884
Investments
5
1,862,614
1,862,614
1,862,791
1,863,498
Current assets
Debtors
6
992,382
1,450,684
Cash at bank and in hand
200
200
992,582
1,450,884
Creditors: amounts falling due within one year
7
(128,480)
(649,689)
Net current assets
864,102
801,195
Total assets less current liabilities
2,726,893
2,664,693
Creditors: amounts falling due after more than one year
8
(49,833)
(150,747)
Provisions for liabilities
(322)
(322)
Net assets
2,676,738
2,513,624
Capital and reserves
Called up share capital
300
300
Profit and loss reserves
2,676,438
2,513,324
Total equity
2,676,738
2,513,624
WEST MON INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
31 August 2024
- 3 -
For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 27 May 2025
Mrs KL Fry
Director
Company registration number 07975653 (England and Wales)
WEST MON INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
31 August 2024
- 4 -
1
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
2
Accounting policies
Company information
West Mon Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Duffryn Mawr, Lower Common, Gilwern, Abergavenny, Monmouthshire, NP7 0EE.
2.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2
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:
Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
30
42
WEST MON INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 and 31 August 2024
15,261
Depreciation and impairment
At 1 September 2023
14,377
Depreciation charged in the year
707
At 31 August 2024
15,084
Carrying amount
At 31 August 2024
177
At 31 August 2023
884
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,862,614
1,862,614
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
202,524
197,524
Amounts owed by group undertakings
612,525
1,046,805
Other debtors
177,333
206,355
992,382
1,450,684
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
102,092
97,318
Trade creditors
5,155
5,155
Amounts owed to group undertakings
481,097
Taxation and social security
16,261
61,436
Other creditors
4,972
4,683
128,480
649,689
WEST MON INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 6 -
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
49,833
150,747
9
Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
2024
2023
Amounts due to related parties
£
£
Group companies
-
481,097
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due from related parties
£
£
Group companies
812,478
1,046,805
10
Parent company
K Fry is the ultimate controlling party by virtue of their 100% holding of the issued share capital of the company.
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