Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.32023-10-25truefalsefalseNo description of principal activityfalse 15235337 2023-10-24 15235337 2023-10-25 2024-10-31 15235337 2022-10-25 2023-10-24 15235337 2024-10-31 15235337 c:Director1 2023-10-25 2024-10-31 15235337 d:FreeholdInvestmentProperty 2023-10-25 2024-10-31 15235337 d:FreeholdInvestmentProperty 2024-10-31 15235337 d:CurrentFinancialInstruments 2024-10-31 15235337 d:Non-currentFinancialInstruments 2024-10-31 15235337 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 15235337 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 15235337 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 15235337 d:ShareCapital 2024-10-31 15235337 d:RetainedEarningsAccumulatedLosses 2024-10-31 15235337 c:OrdinaryShareClass1 2023-10-25 2024-10-31 15235337 c:OrdinaryShareClass1 2024-10-31 15235337 c:FRS102 2023-10-25 2024-10-31 15235337 c:AuditExempt-NoAccountantsReport 2023-10-25 2024-10-31 15235337 c:FullAccounts 2023-10-25 2024-10-31 15235337 c:PrivateLimitedCompanyLtd 2023-10-25 2024-10-31 15235337 e:PoundSterling 2023-10-25 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 15235337









WESTCOTE HOMES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2024

 
WESTCOTE HOMES LIMITED
REGISTERED NUMBER: 15235337

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
130,974

  
130,974

Current assets
  

Debtors: amounts falling due within one year
 5 
302

Cash at bank and in hand
  
4,746

  
5,048

Creditors: amounts falling due within one year
 6 
(47,413)

Net current (liabilities)/assets
  
 
 
(42,365)

Total assets less current liabilities
  
88,609

Creditors: amounts falling due after more than one year
  
(96,361)

  

Net (liabilities)/assets
  
(7,752)


Capital and reserves
  

Called up share capital 
 9 
90

Profit and loss account
  
(7,842)

  
(7,752)


Page 1

 
WESTCOTE HOMES LIMITED
REGISTERED NUMBER: 15235337
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 July 2025.




Jasrajan Singh Hothi
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WESTCOTE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 15235337. The Company's registered office is 182a Waterloo Road, Smethwick, England, B66 4NB.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has prepared the accounts on a going concern basis.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
WESTCOTE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
130,974



At 31 October 2024
130,974

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Debtors

2024
£


Prepayments and accrued income
302

302


Page 4

 
WESTCOTE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
£

Other creditors
46,423

Accruals and deferred income
990

47,413



7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
96,361

96,361


The following liabilities were secured:

2024
£



Bank loans
96,361

96,361

Details of security provided:

Bank loans are secured against the assets of the company and contain fixed charges and a negative pledge.

Page 5

 
WESTCOTE HOMES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
96,361

96,361

96,361



9.


Share capital

2024
£
Allotted, called up and fully paid


90 Ordinary shares of £1.00 each
90


Upon incorporation 90 Ordinary shares of £1 each were issued at par value. 


10.


Related party transactions

As at the balance sheet date £46,410 was due to the directors. The loan are interest free and repayable on demand.

 
Page 6