REGISTERED NUMBER: 09054254 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

WEST PARK INVESTMENT PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

James Roper

Michelle Strong

Ian Strong

Robert Treweek

REGISTERED OFFICE:

3 Clayton Wood Court

West Park Ring Road

Leeds

West Yorkshire

LS16 6QW

REGISTERED NUMBER:

09054254 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

Chartered Accountants

1 Valley Court

Canal Road

Bradford

West Yorkshire

BD1 4SP

FIXED ASSETS

Tangible assets

4

226,257

232,156

Investments

5

66

261,800

226,323

493,956

CURRENT ASSETS

Debtors

6

148,493

223,222

Cash at bank

664,685

1,408,768

813,178

1,631,990

CREDITORS

Amounts falling due within one year

7

564,988

295,802

NET CURRENT ASSETS

248,190

1,336,188

TOTAL ASSETS LESS CURRENT LIABILITIES

474,513

1,830,144

PROVISIONS FOR LIABILITIES

362

615

NET ASSETS

474,151

1,829,529

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Revaluation reserve

8

-

16,059

Profit and loss account

8

454,151

1,793,470

474,151

1,829,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Michelle Strong - Director

1.	STATUTORY INFORMATION

West Park Investment Partnership 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Computer equipment

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments comprise investments in quoted and unquoted equity instruments. The unquoted equity instruments are measured at cost.The quoted equity investments are measured at fair value. Changes in fair value are recognised in the profit and loss account.

Income recognition

Income recognised when goods and services have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Computer

and

property

equipment

fittings

Totals

£

£

£

£

COST

At 1 June 2024

and 31 May 2025

244,360

27,458

12,519

284,337

DEPRECIATION

At 1 June 2024

14,663

26,822

10,696

52,181

Charge for year

4,887

554

458

5,899

At 31 May 2025

19,550

27,376

11,154

58,080

NET BOOK VALUE

At 31 May 2025

224,810

82

1,365

226,257

At 31 May 2024

229,697

636

1,823

232,156

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 June 2024

261,800

Additions

489

Disposals

(262,216

)

Impairments

(7

)

At 31 May 2025

66

NET BOOK VALUE

At 31 May 2025

66

At 31 May 2024

261,800

Cost or valuation at 31 May 2025 is represented by:

Other

investments

£

Valuation in 2024

261,800

Valuation in 2025

(261,734

)

66

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

146,832

135,792

Other debtors

1,661

87,430

148,493

223,222

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

337,792

273,250

Other creditors

227,196

22,552

564,988

295,802

8.

RESERVES

During the year a contribution of £2,020,413 was made towards the formation of an employee ownership trust.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company made advances to the director's totalling £994,029 (2024: £775,710).

The company received repayments totalling £972,945 (2024: £751,514).

10.	PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £30,778 (2024: £23,268). Contributions totalling £5,706 (2024: £3,195) were payable to the fund at the year end and are included in creditors.