West Lancaster Investments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06214350

		2024		2023
	Notes	€	€	€	€
FIXED ASSETS
Tangible Assets	4		-		17,484
Investments	5		9,238,664		9,702,453

			9,238,664		9,719,937
CURRENT ASSETS
Debtors	6	3,233,935		2,358,910
Cash at bank and in hand		270,064		155,577

		3,503,999		2,514,487
Creditors: Amounts Falling Due Within One Year	7	(10,292,952 )		(10,347,980 )

NET CURRENT ASSETS (LIABILITIES)			(6,788,953 )		(7,833,493 )

TOTAL ASSETS LESS CURRENT LIABILITIES			2,449,711		1,886,444

Creditors: Amounts Falling Due After More Than One Year	8		(520,000 )		-

NET ASSETS			1,929,711		1,886,444

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			1,929,710		1,886,443

SHAREHOLDERS' FUNDS			1,929,711		1,886,444

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West Lancaster Investments Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Vania Casini

Director

18/09/2025

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

1. General Information

West Lancaster Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06214350 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

24%

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.4.

Preparation of consolidated financial statements

The financial statements contain information about West Lancaster Investments Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company is exempt under Section

399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

...CONTINUED

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West Lancaster Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.4. - continued

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Motor Vehicles
	€
Cost
As at 1 January 2024	64,600

As at 31 December 2024	64,600

Depreciation
As at 1 January 2024	47,116
Provided during the period	17,484

As at 31 December 2024	64,600

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	17,484

5. Investments

	Subsidiaries	Associates	Unlisted	Other	Total
	€	€	€	€	€
Cost or Valuation
As at 1 January 2024	443,992	6,500	2,590,000	6,661,961	9,702,453
Additions	2,000	-	1,500	1,151,358	1,154,858
Disposals	-	-	-	(207,123 )	(207,123 )
Revaluations	-	-	-	(1,410,024 )	(1,410,024 )
Transfers	-	(1,500 )	-	-	(1,500 )

As at 31 December 2024	445,992	5,000	2,591,500	6,196,172	9,238,664

Provision
As at 1 January 2024	-	-	-	-	-

As at 31 December 2024	-	-	-	-	-

Net Book Value
As at 31 December 2024	445,992	5,000	2,591,500	6,196,172	9,238,664

As at 1 January 2024	443,992	6,500	2,590,000	6,661,961	9,702,453

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West Lancaster Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Subsidiaries

Luxury Srl

Registered Office :

Nature of Business :

Class of Shares: Ordinary

Percentage100%	2024	2023
	Euro	Euro
Aggregate capital and Reserve	103,113	64,930
Profit /(loss) for the year	38,183	(34,959)

Erre-S Costruzioni SRL.

Registered Office :

Nature of the Business:

Class of Shares:

Percentage: 80%

	2024	2023
Aggregate Capital and Reserve Profit/(Loss) for the year	1,305,224 (23,049)	1,328,272 18,659

Omar Srl

Registered Office:

Nature of the Business:

Class of Shares:

Percentage: 100%

	2024	2023
Aggregate Capital and Reserve Profit/ (Loss) for the year	52,534 (32,211)	84,746 (100,631)

Associate

M.A.S. Trade S.R.L.

Registered Office:

Nature of the Business:

Class of Shares:

Percentage: 50%

	2024	2023
Aggregate Capital and Reserve	(75,578)	(154,233)
Profit/ (Loss) for the year	76,842	97,539

6. Debtors

	2024	2023
	€	€
Due within one year
Other debtors	1,823,911	2,358,910
Amounts owed by associates	499,000	-

	2,322,911	2,358,910
Due after more than one year
Loan Other	911,024	-

	3,233,935	2,358,910

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West Lancaster Investments Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	€	€
Shareholder Loan	10,288,515	10,346,915
Accruals and deferred income	4,437	1,065

	10,292,952	10,347,980

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	€	€
Other creditors	520,000	-

9. Share Capital

	2024	2023
	€	€
Allotted, Called up and fully paid	1	1

1 Ordinary share of £1 each

10. Ultimate Controlling Party

The company's ultimate controlling party is Mr Marc Kurt Ostheimer by virtue of his ownership of 100% of the issued share capital in the company.

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