Westcourt Real Estate Development Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06285814 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WESTCOURT REAL ESTATE DEVELOPMENT

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V K Kapoor

REGISTERED OFFICE:

1st Floor

18-19 Jockey's Fields

London

WC1R 4BW

REGISTERED NUMBER:

06285814 (England and Wales)

ACCOUNTANTS:

Mehta & Tengra

Chartered Accountants

9 Berners Place

London

W1T 3AD

FIXED ASSETS

Tangible assets

4

-

436

Investments

5

409,788

410,224

CURRENT ASSETS

Debtors

6

1,701,700

1,937,587

Cash at bank

37,766

8,878

1,739,466

1,946,465

CREDITORS

Amounts falling due within one year

7

(1,686,084

)

(1,920,012

)

NET CURRENT ASSETS

53,382

26,453

TOTAL ASSETS LESS CURRENT
LIABILITIES

463,170

436,677

CAPITAL AND RESERVES

Called up share capital

9

500

Retained earnings

10

462,670

436,177

SHAREHOLDERS' FUNDS

14

463,170

436,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

V K Kapoor - Director

1.	STATUTORY INFORMATION

Westcourt Real Estate Development 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.

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.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

1,150

5,718

6,868

DEPRECIATION

At 1 January 2024

and 31 December 2024

1,150

5,718

6,868

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	FIXED ASSET INVESTMENTS

2024

2023

£

Shares in group undertakings

332,570

Other loans

77,218

409,788

Additional information is as follows:

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

332,570

NET BOOK VALUE

At 31 December 2024

332,570

At 31 December 2023

332,570

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Westcourt Real Estate (Europe) Ltd

Registered office:

Nature of business: Property development & consultancy

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

Aggregate capital and reserves

(102,161

)

(107,075

)

Profit/(loss) for the year

4,914

(2,950

)

Convertible

debentures

£

At 1 January 2024

and 31 December 2024

77,218

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

241,346

416,677

Other debtors

11,072

Amount owed by related

companies

537,883

715,246

Amount owed by subsidiary

company

335,581

385,322

Directors' loan accounts

302,120

234,494

Corporation tax recoverable

191,068

168,245

Social security & other taxes

32,241

3,938

Accrued income

14,008

-

Prepayments

36,381

2,593

1,701,700

1,937,587

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts (see note 8)

37,971

46,278

Trade creditors

177,243

195,046

Corporation tax

71,978

51,049

Social security and other taxes

291

49

Other creditors

24,773

9,415

Amount owed to companies

under common control

1,362,578

1,452,048

Deferred income

11,250

Accrued expenses

-

154,877

1,686,084

1,920,012

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year or on demand:

Bank overdrafts

37,971

46,278

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

500

Ordinary

£1

500

10.

RESERVES

Retained

earnings

£

At 1 January 2024

436,177

Profit for the year

26,493

At 31 December 2024

462,670

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

V K Kapoor

Balance outstanding at start of year

234,494

193,330

Amounts advanced

118,174

149,710

Amounts repaid

(50,548

)

(108,546

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

302,120

234,494

Interest of £6,648 was paid on overdrawn director's loan account.

12.	RELATED PARTY DISCLOSURES

V K Kapoor is a director and shareholders of the following companies.

Company 1. During the year the Company paid consultancy fees of £30,000 and services charges of

£NIL(2023:£3,100). At the balance sheet date amount owed from this company was £209,967 (2023:£312,117) and amount due to this company was £30,000.

Company 4. During the year the Company paid rent and service charges of £76,500(2023:£53,500) to

this company. At the balance sheet date £1,364,878 (2023:£1,452,048) was due to this company.

Company 5. During the year the Company paid services to this company in the sum of £10,000

(2023:£92,500). At the balance sheet date £327,665(2023:£403,129) was due from this company and amount due to this company was £10,000.

Company 6. During the year the Company received consultancy fees of £34,285. At the balance sheet

date £349,589(2023:£385,322) was due from this company.

Company 8. During the year the Company paid services to this company in the sum of

£40,000(2023:£70,000). At the balance sheet date owed to this company was £110,000(2023:£70,000).

Company 9. At the balance sheet date £182,593(2023:£250,138) was due from this company.

Company 10. At the balance sheet date amount due to this company was £NIL(2023:£50,000) and

amount due from this company £251(2023:£NIL).

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is V K Kapoor.

14.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2024

2023

£

Profit for the financial year

26,493

36,207

Dividends

-

(45,000

)

Net addition/(reduction) to shareholders' funds

26,493

(8,793

)

Opening shareholders' funds

436,677

445,470

Closing shareholders' funds

463,170

436,677