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REGISTERED NUMBER: 05656541















Financial Statements for the Year Ended 30 September 2024

for

WESTON PROPERTY HOLDINGS LIMITED

WESTON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05656541)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


WESTON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05656541)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,210 1,614
Investment property 6 987,000 710,000
988,210 711,614

CURRENT ASSETS
Debtors 7 25,799 170,434
Cash at bank 15,497 91,631
41,296 262,065
CREDITORS
Amounts falling due within one year 8 165,879 139,094
NET CURRENT (LIABILITIES)/ASSETS (124,583 ) 122,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

863,627

834,585

CREDITORS
Amounts falling due after more than one year 9 (393,900 ) (400,513 )

PROVISIONS FOR LIABILITIES 12 (70,766 ) (1,229 )
NET ASSETS 398,961 432,843

CAPITAL AND RESERVES
Called up share capital 100 100
Fair Value Reserve 13 211,391 3,932
Retained earnings 13 187,470 428,811
SHAREHOLDERS' FUNDS 398,961 432,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WESTON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05656541)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:





Mr D S Coggins - Director


WESTON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05656541)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Weston Property Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 05656541 and the registered office address is 7 Marconi Gate, Staffordshire Technology Park, Stafford, Staffordshire, ST18 0FZ. The business trading address is Hollies Business Park, Hollies Park Road, Cannock, Staffordshire, WS11 1DW.

The principal activity during the year was that of property investment and rental income.

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

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation and investment property valuations are its critical accounting policies.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.

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

Investment property
Investment properties are properties held to earn rentals and/or capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effect on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue or cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.


WESTON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05656541)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Going concern
There has been a change of tenant in the current year. There is a lease agreement in place for the following 12 months. The director considers the company to be a going concern due to a consistent tenant in the property.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 3,980 843 4,823
DEPRECIATION
At 1 October 2023 2,721 488 3,209
Charge for year 315 89 404
At 30 September 2024 3,036 577 3,613
NET BOOK VALUE
At 30 September 2024 944 266 1,210
At 30 September 2023 1,259 355 1,614

WESTON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05656541)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 710,000
Revaluations 277,000
At 30 September 2024 987,000
NET BOOK VALUE
At 30 September 2024 987,000
At 30 September 2023 710,000

Unit 5 The Hollies was valued by the Valuation Office Agency at £987,000 on 28th January 2025, which the director considers to be relevant at 30th September 2024.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2023 4,855
Valuation in 2024 277,000
Cost 705,145
987,000

7. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Trade debtors 7,420 10,372
Loan - 43,212
Prepayments and accrued income 18,379 759
25,799 54,343

Amounts falling due after more than one year:
Loan - 116,091

Aggregate amounts 25,799 170,434

WESTON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05656541)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 6,613 6,450
Trade creditors 20,833 5,090
Social security and other taxes 286 327
Income tax withheld - 145
VAT 2,857 7,047
Other creditors 133,116 71,198
Directors' current accounts 1,895 47,737
Accrued expenses 279 1,100
165,879 139,094

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 4,501 6,613
Bank loans - 2-5 years - 4,501
Bank loans more 5 yr by instal 389,399 389,399
393,900 400,513

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 389,399 389,399

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Between one and five years 2,759 3,842

11. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank Loans 389,399 389,399

The loan is secured by a charge over the property.

WESTON PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05656541)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

12. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 70,766 1,229

Deferred
tax
£   
Balance at 1 October 2023 1,229
Provided during year 69,537
Balance at 30 September 2024 70,766

13. RESERVES
Fair
Retained Value
earnings Reserve Totals
£    £    £   

At 1 October 2023 428,811 3,932 432,743
Profit for the year 35,659 35,659
Revaluation of property (277,000 ) 207,459 (69,541 )
At 30 September 2024 187,470 211,391 398,861