Company registration number:
15706814
Westwood Holdings One Limited
Unaudited filleted financial statements
28 February 2025
Westwood Holdings One Limited
Contents
Statement of financial position
Notes to the financial statements
Westwood Holdings One Limited
Statement of financial position
28 February 2025
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2025 |
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Note |
£ |
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£ |
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Fixed assets |
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Investments |
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4 |
6,197,931 |
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_______ |
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6,197,931 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
1,900) |
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_______ |
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Net current liabilities |
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(
1,900) |
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_______ |
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Total assets less current liabilities |
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6,196,031 |
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_______ |
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Net assets |
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6,196,031 |
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_______ |
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Capital and reserves |
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Called up share capital |
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2,500 |
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Merger reserve |
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6,195,431 |
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Profit and loss account |
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(
1,900) |
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_______ |
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Shareholders funds |
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6,196,031 |
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_______ |
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For the year ending 28 February 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 July 2025
, and are signed on behalf of the board by:
J. A. Potts
Director
Company registration number:
15706814
Westwood Holdings One Limited
Notes to the financial statements
Year ended 28 February 2025
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 46-52 Cutlers Road South Woodham, Chelmsford, Essex, CM3 5XJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other receivables and payables. Debt instruments that are payable or receivable within one year are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
4.
Investments
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Shares in group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 29 February 2024 |
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- |
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Additions |
6,197,931 |
6,197,931 |
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_______ |
_______ |
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At 28 February 2025 |
6,197,931 |
6,197,931 |
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_______ |
_______ |
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Impairment |
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At 29 February 2024 and 28 February 2025 |
- |
- |
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_______ |
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Carrying amount |
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At 28 February 2025 |
6,197,931 |
6,197,931 |
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_______ |
_______ |
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Investments in group undertakings |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Westbury Garden Rooms Limited |
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46-52 Cutlers Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5XJ |
Ordinary A and Ordinary B |
100 |
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5.
Creditors: amounts falling due within one year
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2025 |
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£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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100 |
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Other creditors |
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1,800 |
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_______ |
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1,900 |
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_______ |
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6.
Controlling party
Westbury Trust Limited is the company's ultimate parent undertaking. The registered office of Westbury Trust Limited is 46-52 Cutlers Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5XJ.The ultimate controlling party is Westbury Trust Limited