Company registration number SC627523 (Scotland)
WEST TRUSTEES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
WEST TRUSTEES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WEST TRUSTEES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Investments
3
17,000
Current assets
-
-
Creditors: amounts falling due within one year
4
(17,000)
Net current liabilities
(17,000)
Net assets
Reserves
5
-
-
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 15 July 2025 and are signed on its behalf by:
Ms P M Wetzel
Director
Company Registration No. SC627523
WEST TRUSTEES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -
1
Accounting policies
Company information
West Trustees Limited is a private company limited by guarantee incorporated in Scotland. The registered office is Suite 204, Building 4, Templeton Building, Glasgow, United Kingdom, G40 1AW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
On the 30 April 2025, West Trustees Limited ceased due to its purpose no longer being required. The directors have resolved to wind up the company in the near future. The directors consider it inappropriate to prepare the financial statements on a going concern basis and therefore the directors have prepared these financial statements on a break-up basis as set out under the basis of preparation. true
1.3
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.
1.5
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
WEST TRUSTEES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
17,000
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 May 2024
17,000
Disposals
(17,000)
At 30 April 2025
-
Carrying amount
At 30 April 2025
-
At 30 April 2024
17,000
4
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
17,000
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
6
Prior period adjustment
Changes to the balance sheet
As previously reported
Adjustment
As restated at 30 Apr 2024
£
£
£
Current assets
Debtors due within one year
2
(2)
Capital and reserves
Own shares reserve
2
(2)
WEST TRUSTEES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
6
Prior period adjustment
(Continued)
- 4 -
Reconciliation of changes in equity
1 May
30 April
2023
2024
£
£
Adjustments to prior year
Restatement
-
(2)
Equity as previously reported
2
2
Equity as adjusted
2
-
Analysis of the effect upon equity
Own shares reserve
-
(2)