IRIS Accounts Production v25.1.4.42 02992549 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029925492024-03-31029925492025-03-31029925492024-04-012025-03-31029925492023-03-31029925492023-04-012024-03-31029925492024-03-3102992549ns15:EnglandWales2024-04-012025-03-3102992549ns14:PoundSterling2024-04-012025-03-3102992549ns10:Director12024-04-012025-03-3102992549ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3102992549ns10:SmallEntities2024-04-012025-03-3102992549ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3102992549ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3102992549ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3102992549ns10:FullAccounts2024-04-012025-03-3102992549ns10:Director22024-04-012025-03-3102992549ns10:Director32024-04-012025-03-3102992549ns10:Director42024-04-012025-03-3102992549ns10:CompanySecretary12024-04-012025-03-3102992549ns10:RegisteredOffice2024-04-012025-03-3102992549ns5:CurrentFinancialInstruments2025-03-3102992549ns5:CurrentFinancialInstruments2024-03-3102992549ns5:ShareCapital2025-03-3102992549ns5:ShareCapital2024-03-3102992549ns5:RevaluationReserve2025-03-3102992549ns5:RevaluationReserve2024-03-3102992549ns5:RetainedEarningsAccumulatedLosses2025-03-3102992549ns5:RetainedEarningsAccumulatedLosses2024-03-3102992549ns5:LandBuildings2024-04-012025-03-3102992549ns5:PlantMachinery2024-04-012025-03-3102992549ns5:LandBuildings2024-03-3102992549ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3102992549ns5:PlantMachinery2024-03-3102992549ns5:LongLeaseholdAssetsns5:LandBuildings2024-04-012025-03-3102992549ns5:LandBuildings2025-03-3102992549ns5:LongLeaseholdAssetsns5:LandBuildings2025-03-3102992549ns5:PlantMachinery2025-03-3102992549ns5:LandBuildings2024-03-3102992549ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3102992549ns5:PlantMachinery2024-03-3102992549ns5:FurnitureFittings2024-03-3102992549ns5:MotorVehicles2024-03-3102992549ns5:FurnitureFittings2024-04-012025-03-3102992549ns5:MotorVehicles2024-04-012025-03-3102992549ns5:FurnitureFittings2025-03-3102992549ns5:MotorVehicles2025-03-3102992549ns5:FurnitureFittings2024-03-3102992549ns5:MotorVehicles2024-03-3102992549ns5:CostValuation2024-03-3102992549ns5:AdditionsToInvestments2025-03-3102992549ns5:CostValuation2025-03-3102992549ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3102992549ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102992549ns5:RevaluationReserve2024-03-31
REGISTERED NUMBER: 02992549 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Stuart Westmoreland (Holdings) Limited

Stuart Westmoreland (Holdings) Limited (Registered number: 02992549)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stuart Westmoreland (Holdings) Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: Mr Stuart Ronald Westmoreland
Mrs Julia Annette Westmoreland
Mr Richard James Westmoreland
Mrs Helen Elizabeth Healey





SECRETARY: Mr Stuart Ronald Westmoreland





REGISTERED OFFICE: Clayton and Brewill
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 02992549 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Stuart Westmoreland (Holdings) Limited (Registered number: 02992549)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 754,958 775,450
Investments 5 126,111 123,052
881,069 898,502

CURRENT ASSETS
Stocks 420,676 503,478
Debtors 6 19,252 13,927
Cash at bank and in hand 228,786 205,606
668,714 723,011
CREDITORS
Amounts falling due within one year 7 304,646 366,734
NET CURRENT ASSETS 364,068 356,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,245,137

1,254,779

PROVISIONS FOR LIABILITIES 32,826 36,657
NET ASSETS 1,212,311 1,218,122

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Revaluation reserve 8 343,820 343,820
Retained earnings 768,491 774,302
SHAREHOLDERS' FUNDS 1,212,311 1,218,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

Stuart Westmoreland (Holdings) Limited (Registered number: 02992549)

Balance Sheet - continued
31 March 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 20 June 2025 and were signed on its behalf by:





Mr Richard James Westmoreland - Director


Stuart Westmoreland (Holdings) Limited (Registered number: 02992549)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Stuart Westmoreland (Holdings) 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.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% of cost or valuation
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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 20 (2024 - 19 ) .

Stuart Westmoreland (Holdings) Limited (Registered number: 02992549)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1 April 2024 673,884 135,000 119,111
Additions 11,332 - 8,139
Disposals - - (25,490 )
At 31 March 2025 685,216 135,000 101,760
DEPRECIATION
At 1 April 2024 57,039 12,600 98,584
Charge for year 13,478 2,700 9,500
Eliminated on disposal - - (24,039 )
At 31 March 2025 70,517 15,300 84,045
NET BOOK VALUE
At 31 March 2025 614,699 119,700 17,715
At 31 March 2024 616,845 122,400 20,527

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 142,258 83,267 1,153,520
Additions - - 19,471
Disposals - - (25,490 )
At 31 March 2025 142,258 83,267 1,147,501
DEPRECIATION
At 1 April 2024 140,990 68,857 378,070
Charge for year 483 12,351 38,512
Eliminated on disposal - - (24,039 )
At 31 March 2025 141,473 81,208 392,543
NET BOOK VALUE
At 31 March 2025 785 2,059 754,958
At 31 March 2024 1,268 14,410 775,450

Cost or valuation at 31 March 2025 is represented by:

Freehold Long Plant and
property leasehold machinery
£    £    £   
Valuation in 2011 47,018 - -
Valuation in 2020 90,551 117,014 -
Cost 547,647 17,986 101,760
685,216 135,000 101,760

Stuart Westmoreland (Holdings) Limited (Registered number: 02992549)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Valuation in 2011 - - 47,018
Valuation in 2020 - - 207,565
Cost 142,258 83,267 892,918
142,258 83,267 1,147,501

If Freehold and long leasehold had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 489,658 489,658
Aggregate depreciation 92,796 92,796

Value of land in freehold land and buildings 582,454 582,454

Freehold and long leasehold were valued on an open market basis basis on 5 August 2019 by Nigel G Carlisle BSc FRICS .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024 123,052
Additions 3,059
At 31 March 2025 126,111
NET BOOK VALUE
At 31 March 2025 126,111
At 31 March 2024 123,052

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 4,842 -
Other debtors 10,342 10,314
Prepayments and accrued income 4,068 3,613
19,252 13,927

Stuart Westmoreland (Holdings) Limited (Registered number: 02992549)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 12,237 22,439
Trade creditors 184,121 209,885
Corporation tax 9,554 12,903
Social security and other taxes 11,529 9,883
VAT liability 38,448 26,618
Other creditors 41,586 82,080
Directors' current accounts 131 131
Accrued expenses 7,040 2,795
304,646 366,734

8. RESERVES
Revaluation
reserve
£   
At 1 April 2024
and 31 March 2025 343,820