| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 5 April 2025 |
| for |
| West Country Real Estates Limited |
| REGISTERED NUMBER: |
| 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: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Non-distributable reserves | 11 |
| Retained earnings | 11 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| 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 |
| DEPRECIATION |
| At 6 April 2024 |
| Charge for year |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 6 April 2024 |
| Additions |
| Revaluations | 128,347 |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| 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 |
| Other debtors |
| 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 |
| Amounts owed to associated undertakings |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more than 5 yrs |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| The bank loans are secured on the company's investment property. |
| 10. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred tax | 28,042 | 1,246 |
| 28,063 | 1,274 |
| Deferred |
| tax |
| £ |
| Balance at 6 April 2024 |
| Provided during year |
| Balance at 5 April 2025 |
| 11. | RESERVES |
| Retained | Non-distributable |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 6 April 2024 | ( |
) | 176,230 |
| Profit for the year |
| Realised gain transferred | (128,347 | ) | 128,347 | - |
| Unrealised gain provision | 26,796 | (26,796 | ) | - |
| At 5 April 2025 | ( |
) | 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. |