Registered number
15465585
WESTGATE INVESTMENTS LTD
Unaudited Filleted Accounts
30 June 2025
WESTGATE INVESTMENTS LTD
Registered number: 15465585
Balance Sheet
as at 30 June 2025
Notes 2025
£
Fixed assets
Investments 3 60
Current assets
Debtors 4 504,371
Cash at bank and in hand 5,239
509,610
Creditors: amounts falling due within one year 5 (512,600)
Net current liabilities (2,990)
Net liabilities (2,930)
Capital and reserves
Called up share capital 100
Profit and loss account (3,030)
Shareholders' funds (2,930)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Devi Makwana
Director
Approved by the board on 25 July 2025
WESTGATE INVESTMENTS LTD
Notes to the Accounts
for the period from 4 February 2024 to 30 June 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025
Number
Average number of persons employed by the company 2
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 60
At 30 June 2025 60
4 Debtors 2025
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest 504,371
5 Creditors: amounts falling due within one year 2025
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest 511,400
Other creditors 1,200
512,600
6 Other information
WESTGATE INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
860-862 Garratt Lane
London
SW17 0NB
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