West Company Holdings Limited 12712476 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is renting and maintaining properties within the UK. Digita Accounts Production Advanced 6.30.9574.0 true 12712476 2023-10-01 2024-09-30 12712476 2024-09-30 12712476 core:OtherReservesSubtotal 2024-09-30 12712476 core:RetainedEarningsAccumulatedLosses 2024-09-30 12712476 core:ShareCapital 2024-09-30 12712476 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12712476 bus:SmallEntities 2023-10-01 2024-09-30 12712476 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12712476 bus:FullAccounts 2023-10-01 2024-09-30 12712476 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12712476 bus:RegisteredOffice 2023-10-01 2024-09-30 12712476 bus:Director1 2023-10-01 2024-09-30 12712476 bus:Director1 1 2023-10-01 2024-09-30 12712476 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12712476 countries:England 2023-10-01 2024-09-30 12712476 2023-09-30 12712476 2022-10-01 2023-09-30 12712476 2023-09-30 12712476 core:OtherReservesSubtotal 2023-09-30 12712476 core:RetainedEarningsAccumulatedLosses 2023-09-30 12712476 core:ShareCapital 2023-09-30 12712476 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 12712476

West Company Holdings Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

West Company Holdings Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

West Company Holdings Limited

(Registration number: 12712476)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4.1

1,320,000

1,017,228

Other financial assets

5

2,320

2,100

 

1,322,320

1,019,328

Current assets

 

Debtors

168,128

149,000

Cash at bank and in hand

 

5,576

4,896

 

173,704

153,896

Creditors: Amounts falling due within one year

(45,786)

(63,859)

Net current assets

 

127,918

90,037

Total assets less current liabilities

 

1,450,238

1,109,365

Provisions for liabilities

(95,280)

(170,973)

Net assets

 

1,354,958

938,392

Capital and reserves

 

Called up share capital

1

1

Other reserves

227,079

-

Profit and loss account

1,127,878

938,391

Total equity

 

1,354,958

938,392

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 23 June 2025
 

Mr J J West

Director

 

West Company Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old School Rooms
Church Street
Braunton
Devon
EX33 2EL

These financial statements were authorised for issue by the director on 23 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

West Company Holdings Limited

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

4

Tangible assets

Investment properties

2024
£

At 1 October

1,017,228

Fair value adjustments

302,772

At 30 September

1,320,000

The Directors have valued the Investment properties at open market value.

There has been no valuation of investment property by an independent valuer.

5

Other financial assets (current and non-current)

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2023

2,100

Additions

220

At 30 September 2024

2,320

Carrying amount

At 30 September 2024

2,320

6

Related party transactions

Advances to directors


Mr J J West

During the period Mr J J West went overdrawn on their director's loan account. The maximum overdrawn balance during the year was £66,672 (2023 - £Nil). At the year end the amount outstanding from Mr J J West was £66,672 (2023 - £-). Interest has been charged at the commercial rate.