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REGISTERED NUMBER: 03997121 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Westgate Holdings Limited

Westgate Holdings Limited (Registered number: 03997121)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Westgate Holdings Limited (Registered number: 03997121)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 45,116 54,501
Investments 5 2,176 2,176
47,292 56,677

CURRENT ASSETS
Debtors 6 195,780 292,388
Cash at bank 118,032 73,049
313,812 365,437
CREDITORS
Amounts falling due within one year 7 76,218 52,795
NET CURRENT ASSETS 237,594 312,642
TOTAL ASSETS LESS CURRENT LIABILITIES 284,886 369,319

CREDITORS
Amounts falling due after more than one year 8 (23,311 ) (38,108 )

PROVISIONS FOR LIABILITIES (3,500 ) (3,608 )
NET ASSETS 258,075 327,603

CAPITAL AND RESERVES
Called up share capital 96 96
Share premium 11,186 11,186
Capital redemption reserve 13 13
Retained earnings 246,780 316,308
SHAREHOLDERS' FUNDS 258,075 327,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Westgate Holdings Limited (Registered number: 03997121)

Balance Sheet - continued
31 December 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





Mr K Hood - Director


Westgate Holdings Limited (Registered number: 03997121)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Westgate Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03997121

Registered office: Bredbury Park Way
Bredbury
Stockport
Cheshire
SK6 2SN

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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Westgate Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 25% - 50% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

The freehold property depreciation policy has been changed to 35% (shown as 25% - 50% on reducing balance) to reflect the depreciation charged during the year.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Westgate Holdings Limited (Registered number: 03997121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 150,642 65,679 10,500 226,821
DEPRECIATION
At 1 January 2024 141,692 29,971 657 172,320
Charge for year 3,133 3,792 2,460 9,385
At 31 December 2024 144,825 33,763 3,117 181,705
NET BOOK VALUE
At 31 December 2024 5,817 31,916 7,383 45,116
At 31 December 2023 8,950 35,708 9,843 54,501

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2,176
NET BOOK VALUE
At 31 December 2024 2,176
At 31 December 2023 2,176

Westgate Holdings Limited (Registered number: 03997121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 87,653 90,483
Amounts owed by group undertakings 50,000 144,870
Other debtors 58,127 57,035
195,780 292,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,869 17,869
Trade creditors 7,113 7,108
Amounts owed to group undertakings - 100
Taxation and social security 49,349 24,880
Other creditors 1,887 2,838
76,218 52,795

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 23,311 38,108

9. SECURED DEBTS

There is an unlimited guarantee and debenture held over the company by it's bankers for the group overdraft facility.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P M Oldham.