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REGISTERED NUMBER: 04934947 (England and Wales)













Unaudited Financial Statements

for the Year Ended 5 April 2025

for

West Country Real Estates Limited

West Country Real Estates Limited (Registered number: 04934947)






Contents of the Financial Statements
for the Year Ended 5 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


West Country Real Estates Limited

Company Information
for the Year Ended 5 April 2025







DIRECTORS: B K Lane-Smith
Mrs S A N Lane-Smith





SECRETARY: B K Lane-Smith





REGISTERED OFFICE: Springfield Lodge
High Street
Halberton
TIVERTON
Devon
EX16 7AW





REGISTERED NUMBER: 04934947 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

West Country Real Estates Limited (Registered number: 04934947)

Balance Sheet
5 April 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 85 113
Investment property 5 920,000 785,000
920,085 785,113

CURRENT ASSETS
Debtors 6 2,921 3,944
Cash at bank 7,608 551
10,529 4,495
CREDITORS
Amounts falling due within one year 7 217,237 203,308
NET CURRENT LIABILITIES (206,708 ) (198,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,377

586,300

CREDITORS
Amounts falling due after more than one
year

8

(408,696

)

(408,696

)

PROVISIONS FOR LIABILITIES 10 (28,063 ) (1,274 )
NET ASSETS 276,618 176,330

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 11 297,454 195,903
Retained earnings 11 (20,936 ) (19,673 )
SHAREHOLDERS' FUNDS 276,618 176,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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.

West Country Real Estates Limited (Registered number: 04934947)

Balance Sheet - continued
5 April 2025


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 21 May 2025 and were signed on its behalf by:




B K Lane-Smith - Director



Mrs S A N Lane-Smith - Director


West Country Real Estates Limited (Registered number: 04934947)

Notes to the Financial Statements
for the Year Ended 5 April 2025

1. STATUTORY INFORMATION

West Country Real Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the amount of rent receivable in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost

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 (2024 - NIL).

West Country Real Estates Limited (Registered number: 04934947)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 6 April 2024
and 5 April 2025 661 28,733 29,394
DEPRECIATION
At 6 April 2024 548 28,733 29,281
Charge for year 28 - 28
At 5 April 2025 576 28,733 29,309
NET BOOK VALUE
At 5 April 2025 85 - 85
At 5 April 2024 113 - 113

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2024 785,000
Additions 6,653
Revaluations 128,347
At 5 April 2025 920,000
NET BOOK VALUE
At 5 April 2025 920,000
At 5 April 2024 785,000

Fair value at 5 April 2025 is represented by:
£   
Valuation in 2006 140,505
Valuation in 2013 (38,356 )
Valuation in 2016 45,000
Valuation in 2018 104,000
Valuation in 2023 (54,000 )
Valuation in 2025 128,347
Cost 594,504
920,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 594,504 587,852

Investment property was valued on an open market basis on 5 April 2025 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,110 2,720
Other debtors 811 1,224
2,921 3,944

West Country Real Estates Limited (Registered number: 04934947)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 240 624
Amounts owed to associated undertakings 185,000 108,500
Other creditors 31,997 94,184
217,237 203,308

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 408,696 408,696

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 yrs 408,696 408,696

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 408,696 408,696

The bank loans are secured on the company's investment property.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 21 28
Deferred tax 28,042 1,246
28,063 1,274

Deferred
tax
£   
Balance at 6 April 2024 1,274
Provided during year 26,789
Balance at 5 April 2025 28,063

11. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 6 April 2024 (19,673 ) 195,903 176,230
Profit for the year 100,288 100,288
Realised gain transferred (128,347 ) 128,347 -
Unrealised gain provision 26,796 (26,796 ) -
At 5 April 2025 (20,936 ) 297,454 276,518

West Country Real Estates Limited (Registered number: 04934947)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2025

12. RELATED PARTY DISCLOSURES

The balance due at the end of the year from West Country Real Estates Limited to Full House Developments Limited was £185,000 (2024 - £108,500) which represents the net amount of payments and receipts made by each company on behalf of the other. The balance is included in the note detailing creditors falling due within one year.

Mr BK Lane Smith and Mrs SAN Lane-Smith are the directors and shareholders of the company.