Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-3010985579false12024-09-302023-10-01false1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10985579 2023-10-01 2024-09-30 10985579 2022-10-01 2023-09-30 10985579 2024-09-30 10985579 2023-09-30 10985579 c:Director2 2023-10-01 2024-09-30 10985579 d:CurrentFinancialInstruments 2024-09-30 10985579 d:CurrentFinancialInstruments 2023-09-30 10985579 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 10985579 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 10985579 d:ShareCapital 2024-09-30 10985579 d:ShareCapital 2023-09-30 10985579 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 10985579 d:RetainedEarningsAccumulatedLosses 2024-09-30 10985579 d:RetainedEarningsAccumulatedLosses 2023-09-30 10985579 c:OrdinaryShareClass1 2023-10-01 2024-09-30 10985579 c:OrdinaryShareClass1 2024-09-30 10985579 c:OrdinaryShareClass1 2023-09-30 10985579 c:FRS102 2023-10-01 2024-09-30 10985579 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10985579 c:FullAccounts 2023-10-01 2024-09-30 10985579 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10985579 e:PoundSterling 2023-10-01 2024-09-30 10985579 d:KeyManagementPersonnel d:SaleOrPurchaseGoods 2023-10-01 2024-09-30 10985579 d:EntityControlledByKeyManagementPersonnel2 d:SaleOrPurchaseGoods 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure



















Westmoreland Homes Limited

Registered number: 10985579
Information for filing with the Registrar
For the year ended 30 September 2024

 
 10985579
30 September 2024
WESTMORELAND HOMES LIMITED
REGISTERED NUMBER: 10985579

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
135,529
137,190

Cash at bank and in hand
 5 
669
942

  
136,198
138,132

Creditors: amounts falling due within one year
 6 
(905,599)
(1,011,993)

Net current liabilities
  
 
 
(769,401)
 
 
(873,861)

Total assets less current liabilities
  
(769,401)
(873,861)

  

Net liabilities
  
(769,401)
(873,861)


Capital and reserves
  

Called up share capital 
 7 
400
400

Profit and loss account
 8 
(769,801)
(874,261)

  
(769,401)
(873,861)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 June 2025.

J S Brooksbank
Director

The notes on pages 2 to 6 form part of these financial statements.

- 1 -

 
 10985579
30 September 2024
WESTMORELAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Westmoreland Homes Limited (the “Company”) is a private company, limited by shares, registered number 10985579, registered in England and Wales. 
The registered office is Clifton House, Birkby Lane, Bailiff Bridge, Brighouse, HD6 4JJ, United Kingdom. 
The principal activity of the Company is the development and sale of domestic properties.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

These financial statements have been presented in pound sterling which is the functional currency of the Company, and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

These financial statements have been prepared on a going concern basis.
The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the Company to continue as a going concern. The Company has the financial support of group and connected undertakings which ensures that the Company is able to meet all its working capital requirement.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

- 2 -

 
 10985579
30 September 2024
WESTMORELAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

- 3 -

 
 10985579
30 September 2024
WESTMORELAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

- 4 -

 
 10985579
30 September 2024
WESTMORELAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
120,403
122,190

Other debtors
15,126
15,000

135,529
137,190


Amounts owed by group undertakings are unsecured, interest free and repayable on demand.


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
669
942



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
758
1,740

Amounts owed to group undertakings
169,967
288,611

Amounts owed to connected companies
526,990
513,458

Other creditors
57,982
57,982

Accruals and deferred income
149,902
150,202

905,599
1,011,993


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

- 5 -

 
 10985579
30 September 2024
WESTMORELAND HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



400 (2023 - 400) Ordinary shares of £1.00 each
400
400



8.


Reserves

Profit & loss account

The profit and loss account represents the cumulative profits and losses less dividends paid.


9.


Related party transactions

The Company is a wholly owned subsidiary of Westmoreland Group Ltd and as such has taken advantage of the exemption permitted by Section 33 'Related Party Disclosures' not to provide disclosures of transactions entered into with the parent company or other wholly owned subsidiaries within the group.
During the year the company received and loaned funds to related companies in which J S Brooksbank is also a director.
At the year end, the following amounts were due to related parties:


2024
2023
£
£

Entities under common control
(526,990)
(513,458)
Other related parties
(37,982)
(37,982)
(564,972)
(551,440)


10.


Controlling party

The immediate and ultimate parent company is Westmoreland Group Limited and Blackshaw Holdings (2014) Limited, respectively, and both companies are incorporated in England and Wales.
There is no ultimate controlling party. 

 
- 6 -