IRIS Accounts Production v25.1.4.42 03353887 Board of Directors 1.12.23 30.11.24 30.11.24 plant and equipment hire and the provision of labour to the construction industry. 0 0 false true true false false true true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033538872023-11-30033538872024-11-30033538872023-12-012024-11-30033538872022-09-30033538872022-10-012023-11-30033538872023-11-3003353887ns15:EnglandWales2023-12-012024-11-3003353887ns14:PoundSterling2023-12-012024-11-3003353887ns10:Director12023-12-012024-11-3003353887ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3003353887ns10:SmallEntities2023-12-012024-11-3003353887ns10:Audited2023-12-012024-11-3003353887ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3003353887ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3003353887ns10:FullAccounts2023-12-012024-11-3003353887ns10:Director22023-12-012024-11-3003353887ns10:CompanySecretary12023-12-012024-11-3003353887ns10:RegisteredOffice2023-12-012024-11-3003353887ns5:CurrentFinancialInstruments2024-11-3003353887ns5:CurrentFinancialInstruments2023-11-3003353887ns5:Non-currentFinancialInstruments2024-11-3003353887ns5:Non-currentFinancialInstruments2023-11-3003353887ns5:ShareCapital2024-11-3003353887ns5:ShareCapital2023-11-3003353887ns5:RevaluationReserve2024-11-3003353887ns5:RevaluationReserve2023-11-3003353887ns5:RetainedEarningsAccumulatedLosses2024-11-3003353887ns5:RetainedEarningsAccumulatedLosses2023-11-3003353887ns5:ShareCapital2022-09-3003353887ns5:RetainedEarningsAccumulatedLosses2022-09-3003353887ns5:RevaluationReserve2022-09-3003353887ns5:RetainedEarningsAccumulatedLosses2022-10-012023-11-3003353887ns5:RevaluationReserve2022-10-012023-11-3003353887ns5:RetainedEarningsAccumulatedLosses2023-12-012024-11-3003353887ns5:RevaluationReserve2023-12-012024-11-3003353887ns5:PlantMachinery2023-12-012024-11-3003353887ns5:OwnedAssets2023-12-012024-11-3003353887ns5:OwnedAssets2022-10-012023-11-3003353887ns5:LeasedAssets2023-12-012024-11-3003353887ns5:LeasedAssets2022-10-012023-11-3003353887ns5:LandBuildings2023-11-3003353887ns5:PlantMachinery2023-11-3003353887ns5:LandBuildings2023-12-012024-11-3003353887ns5:LandBuildings2024-11-3003353887ns5:PlantMachinery2024-11-3003353887ns5:LandBuildings2023-11-3003353887ns5:PlantMachinery2023-11-3003353887ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3003353887ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3003353887ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-11-3003353887ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3003353887ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3003353887ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3003353887ns5:RetainedEarningsAccumulatedLosses2023-11-3003353887ns5:RevaluationReserve2023-11-30
REGISTERED NUMBER: 03353887 (England and Wales)







REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

WEST POINT PLANT LIMITED

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Income Statement 7

Balance Sheet 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


WEST POINT PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: M F P Regan
E Regan





SECRETARY: E Regan





REGISTERED OFFICE: Caitom House
Fishing Line Road
Redditch
Worcestershire
B97 6EW





REGISTERED NUMBER: 03353887 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 NOVEMBER 2024


The directors present their report with the financial statements of the company for the year ended 30 November 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2023 to the date of this report.

M F P Regan
E Regan

M F P Regan and Mrs E Regan both have beneficial interests in the company's ultimate parent, West Point UK Holdings Limited, which are disclosed in the financial statements of that company.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Prime, will be proposed for re-appointment at the forthcoming Annual General Meeting.


WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 NOVEMBER 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M F P Regan - Director


17 July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WEST POINT PLANT LIMITED


Opinion
We have audited the financial statements of West Point Plant Limited (the 'company') for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 November 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Directors has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WEST POINT PLANT LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the industry sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence;

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
WEST POINT PLANT LIMITED


To address the risk of fraud through management bias and override of controls, we:
- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and other relevant parties.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Jeremy Kitson BA FCA (Senior Statutory Auditor)
for and on behalf of Prime
Chartered Accountants
Statutory Auditor
161 Newhall Street
Birmingham
B3 1SW

17 July 2025

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2024

Period
1.10.22
Year ended to
30.11.24 30.11.23
Notes £    £   

TURNOVER 1,156,601 1,491,077

Administrative expenses 881,351 1,057,012
OPERATING PROFIT 4 275,250 434,065

Interest receivable and similar income 25,327 1,515
300,577 435,580

Interest payable and similar expenses 93,839 69,103
PROFIT BEFORE TAXATION 206,738 366,477

Tax on profit 51,685 (143,549 )
PROFIT FOR THE FINANCIAL YEAR 155,053 510,026

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 5,118,251 3,210,960

CURRENT ASSETS
Debtors 6 502,470 631,317
Cash at bank 288,003 1,201,104
790,473 1,832,421
CREDITORS
Amounts falling due within one year 7 1,700,121 2,176,389
NET CURRENT LIABILITIES (909,648 ) (343,968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,208,603

2,866,992

CREDITORS
Amounts falling due after more than one
year

8

(1,534,808

)

(488,055

)

PROVISIONS FOR LIABILITIES 10 (565,009 ) (474,652 )
NET ASSETS 2,108,786 1,904,285

CAPITAL AND RESERVES
Called up share capital 50,100 50,100
Revaluation reserve 11 322,382 272,934
Retained earnings 11 1,736,304 1,581,251
SHAREHOLDERS' FUNDS 2,108,786 1,904,285

The financial statements have been prepared 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 17 July 2025 and were signed on its behalf by:





M F P Regan - Director


WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 50,100 1,371,225 272,934 1,694,259

Changes in equity
Dividends - (300,000 ) - (300,000 )
Total comprehensive income - 510,026 - 510,026
Balance at 30 November 2023 50,100 1,581,251 272,934 1,904,285

Changes in equity
Total comprehensive income - 155,053 49,448 204,501
Balance at 30 November 2024 50,100 1,736,304 322,382 2,108,786

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

West Point Plant 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced equipment and labour hire charges, excluding value added tax. The hire charges are spread equally over the period of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost

Freehold land and buildings are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Any revaluation increase in the carrying amounts of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit or loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset's original costs is transferred from revaluation reserve to retained earnings.

Freehold land and buildings relates predominantly to land held by the company which is considered to have an unlimited economic life. The related depreciation in respect of the buildings is not considered material to the financial statements and is therefore not provided.


WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

Period
1.10.22
Year ended to
30.11.24 30.11.23
£    £   
Depreciation - owned assets 351,370 147,456
Depreciation - assets on hire purchase contracts 464,351 779,419
Profit on disposal of fixed assets (45,292 ) (104,290 )
Auditors' remuneration 2,724 3,181

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS
Freehold
land and Plant and
buildings machinery Totals
£    £    £   
COST OR VALUATION
At 1 December 2023 861,880 5,629,626 6,491,506
Additions - 3,054,900 3,054,900
Disposals - (1,305,657 ) (1,305,657 )
Revaluations 88,120 - 88,120
At 30 November 2024 950,000 7,378,869 8,328,869
DEPRECIATION
At 1 December 2023 - 3,280,546 3,280,546
Charge for year - 815,721 815,721
Eliminated on disposal - (885,649 ) (885,649 )
At 30 November 2024 - 3,210,618 3,210,618
NET BOOK VALUE
At 30 November 2024 950,000 4,168,251 5,118,251
At 30 November 2023 861,880 2,349,080 3,210,960

Included in freehold land and buildings is land valued at £569,096 (2023: £569,096)

All the assets are held for use in short-term operating leases within the group.

Cost or valuation at 30 November 2024 is represented by:

Freehold
land and Plant and
buildings machinery Totals
£    £    £   
Valuation in 2016 278,934 - 278,934
Valuation in 2021 50,000 - 50,000
Valuation in 2024 88,120 - 88,120
Cost 532,946 7,378,869 7,911,815
950,000 7,378,869 8,328,869

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 532,946 532,946

Caitom House was valued on an open market basis on 11 January 2017 by John Truslove, an independent valuer .

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Following the formal valuation in 2024 the directors have assessed the market value as £950,000 at the year end.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 December 2023 2,083,840
Additions 1,877,131
Disposals (586,700 )
Transfer to ownership (264,800 )
At 30 November 2024 3,109,471
DEPRECIATION
At 1 December 2023 485,413
Charge for year 464,351
Eliminated on disposal (290,965 )
Transfer to ownership (137,850 )
At 30 November 2024 520,949
NET BOOK VALUE
At 30 November 2024 2,588,522
At 30 November 2023 1,598,427

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 491,135 -
Other debtors 11,335 631,317
502,470 631,317

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,134,537 434,958
Amounts owed to group undertakings 561,799 1,356,483
Other creditors 3,785 384,948
1,700,121 2,176,389

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 1,534,808 488,055

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 2,669,345 923,013

Bank borrowings are secured by a fixed and floating charge over the assets of the company. An unlimited cross guarantee also exists between the bank and West Point Construction Ltd and its fellow subsidiary West Point Plant Limited.

Hire purchase contracts are secured by the assets to which the contracts relate.

10. PROVISIONS FOR LIABILITIES

20242023
££
Deferred tax
On accelerated capital allowances470,337418,651
On revaluation of freehold land and buildings 94,67256,000
565,009474,651


11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 December 2023 1,581,251 272,934 1,854,185
Profit for the year 155,053 - 155,053
Revaluation in year - 49,448 49,448
At 30 November 2024 1,736,304 322,382 2,058,686

The company's reserves are as follows:

The retained earnings reserve which represents the cumulative profits or losses net of dividends paid.

The revaluation reserve is in respect gains and losses arising on the revaluation of freehold land and buildings, less deferred tax thereon.

WEST POINT PLANT LIMITED (REGISTERED NUMBER: 03353887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


12. ULTIMATE PARENT UNDERTAKING

West Point UK Holdings Limited is the ultimate parent undertaking.

The group financial statements are prepared under West Point UK Holdings Limited. Copies of the financial statements can be obtained from the Companies House website, or alternatively, by contacting the company at Charter House, 161 Newhall Street, Birmingham, England B3 1SW.