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Registration number: 13591306

West Street (Hereford) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2025

 

West Street (Hereford) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

West Street (Hereford) Limited

Company Information

Director

Mr P L Tobin

Registered office

St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Accountants

Young & Co St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

West Street (Hereford) Limited

(Registration number: 13591306)
Balance Sheet as at 30 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

250,000

152,517

Current assets

 

Stocks

5

346,000

346,000

Debtors

6

2,972

2,752

Cash at bank and in hand

 

4,139

2,200

 

353,111

350,952

Creditors: Amounts falling due within one year

7

(682,459)

(355,100)

Net current liabilities

 

(329,348)

(4,148)

Total assets less current liabilities

 

(79,348)

148,369

Creditors: Amounts falling due after more than one year

7

-

(267,325)

Net liabilities

 

(79,348)

(118,956)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(79,349)

(118,957)

Shareholders' deficit

 

(79,348)

(118,956)

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

West Street (Hereford) Limited

(Registration number: 13591306)
Balance Sheet as at 30 April 2025
(continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 August 2025
 

.........................................
Mr P L Tobin
Director

 

West Street (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA
England

The principal place of business is:
Laurel House
Stretton Sugwas
Hereford
Herefordshire
HR4 7AA
United Kingdom

These financial statements were authorised for issue by the director on 5 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

West Street (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

2

Accounting policies (continued)

Going concern

The financial statements show a deficit on net assets. This has arisen from losses incurred during the initial period of trading whilst the company was developing its business. The losses were anticipated during this phase of the businesses development and have been funded by loans from the parent company. The parent company has indicated that it will continue to provide financial support to the company to enable it to continue trading for the foreseeable future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from the going concern basis being no longer appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition or the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

West Street (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

West Street (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2024

152,517

152,517

Revaluations

97,483

97,483

At 30 April 2025

250,000

250,000

Depreciation

Carrying amount

At 30 April 2025

250,000

250,000

At 30 April 2024

152,517

152,517

Included within the net book value of land and buildings above is £250,000 (2024 - £152,517) in respect of freehold land and buildings.
 

5

Stocks

2025
£

2024
£

Work in progress

346,000

346,000

 

West Street (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

6

Debtors

2025
£

2024
£

Prepayments

2,972

2,752

2,972

2,752

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

314,500

47,175

Trade creditors

 

6,459

6,013

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

356,150

300,541

Accruals and deferred income

 

1,350

1,059

Other creditors

 

4,000

312

 

682,459

355,100

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

-

267,325


Creditors include bank loans which are secured of £314,500 (2024 - £314,500).

Creditors include bank loans repayable by instalments of £Nil (2024 - £78,625) due after more than five years.

 

West Street (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary-Shares of £1 each

1

1

1

1

       

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

267,325

Current loans and borrowings

2025
£

2024
£

Bank borrowings

314,500

47,175

 

West Street (Hereford) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025
(continued)

10

Related party transactions

Loans from related parties

2025

Parent
£

Total
£

At start of period

294,596

294,596

Advanced

62,623

62,623

Repaid

(16,700)

(16,700)

Interest transactions

9,686

9,686

At end of period

350,205

350,205

2024

Parent
£

Total
£

At start of period

200,579

200,579

Advanced

167,803

167,803

Repaid

(79,118)

(79,118)

Interest transactions

5,332

5,332

At end of period

294,596

294,596

Terms of loans from related parties

The loan is interest free, unsecured and repayable on demand.
 

11

Parent and ultimate parent undertaking

The company's immediate parent is Riverside Construction (Hereford) Limited, incorporated in England.