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REGISTERED NUMBER: 13398640 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2024

for

Westcott Property Ltd

Westcott Property Ltd (Registered number: 13398640)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westcott Property Ltd

Company Information
for the Year Ended 31st December 2024







DIRECTOR: J Westcott





SECRETARY: P G Westcott





REGISTERED OFFICE: Unit 3 Portsmouth Enterprise Centre
Quartremaine Road
Portsmouth
Hampshire
PO3 5QT





REGISTERED NUMBER: 13398640 (England and Wales)





ACCOUNTANTS: Harmonix Accounting Ltd
38 Colville Road
East Cosham
Portsmouth
Hampshire
PO6 2DY

Westcott Property Ltd (Registered number: 13398640)

Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,299 327,299

CURRENT ASSETS
Debtors 5 18,127 -
Cash at bank 4,765 5,639
22,892 5,639
CREDITORS
Amounts falling due within one year 6 20,952 7,190
NET CURRENT ASSETS/(LIABILITIES) 1,940 (1,551 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,239

325,748

CREDITORS
Amounts falling due after more than one
year

7

406,271

380,371
NET LIABILITIES (77,032 ) (54,623 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (77,033 ) (54,624 )
SHAREHOLDERS' FUNDS (77,032 ) (54,623 )

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

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

Westcott Property Ltd (Registered number: 13398640)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th July 2025 and were signed by:





J Westcott - Director


Westcott Property Ltd (Registered number: 13398640)

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


1. STATUTORY INFORMATION

Westcott Property Ltd 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Westcott Property Ltd (Registered number: 13398640)

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


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st January 2024
and 31st December 2024 327,299
NET BOOK VALUE
At 31st December 2024 327,299
At 31st December 2023 327,299

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 18,127 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 20,352 6,790
Other creditors 600 400
20,952 7,190

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 240,872 240,872
Other creditors 165,399 139,499
406,271 380,371

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 240,872 240,872

8. ULTIMATE CONTROLLING PARTY

The controlling party is Westcott Construction Ltd.