Westcourt Real Estate (Europe) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07615124 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WESTCOURT REAL ESTATE (EUROPE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V K Kapoor

REGISTERED OFFICE:

9 Berners Place

London

W1T 3AD

REGISTERED NUMBER:

07615124 (England and Wales)

ACCOUNTANTS:

Mehta & Tengra

Chartered Accountants

9 Berners Place

London

W1T 3AD

HOLDING COMPANY:

Westcourt Real Estate Development Ltd

1st Floor

18-19 Jockey's Fields

London

WC1R 4BW

FIXED ASSETS

Tangible assets

4

5,719

7,147

Investments

5

270,374

276,093

277,521

CURRENT ASSETS

Debtors

6

51,511

44,612

Cash at bank

48

185

51,559

44,797

CREDITORS

Amounts falling due within one year

7

(94,232

)

(44,071

)

NET CURRENT (LIABILITIES)/ASSETS

(42,673

)

726

TOTAL ASSETS LESS CURRENT
LIABILITIES

233,420

278,247

CREDITORS

Amounts falling due after more than one
year

8

(335,581

)

(385,322

)

NET LIABILITIES

(102,161

)

(107,075

)

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

(102,261

)

(107,175

)

SHAREHOLDERS' FUNDS

(102,161

)

(107,075

)

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 (Europe) 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 associates

Investments in associate 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

21,427

1,815

2,924

26,166

DEPRECIATION

At 1 January 2024

14,280

1,815

2,924

19,019

Charge for year

1,428

-

1,428

At 31 December 2024

15,708

1,815

2,924

20,447

NET BOOK VALUE

At 31 December 2024

5,719

-

5,719

At 31 December 2023

7,147

-

7,147

5.	FIXED ASSET INVESTMENTS

2024

2023

£

Participating interests

374

Loans to undertakings in which the company
has a participating interest

270,000

270,374

Additional information is as follows:

Interest

in

associate

£

COST

At 1 January 2024

and 31 December 2024

374

NET BOOK VALUE

At 31 December 2024

374

At 31 December 2023

374

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

Associated companies

Victoria Quay Estate Ltd

Registered office:

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

11.00

Victoria Quay Anchor Ltd

Registered office:

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

24.00

Victoria Quay Services Ltd

Registered office:

Nature of business: Property Services

%

Class of shares:

holding

Ordinary

24.00

Loans to

associates

£

At 1 January 2024

and 31 December 2024

270,000

£270,000 was a loan given to an associated company Victoria Quay Estate Ltd, a company based in Hongkong.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amount owed from companies

under common control

10,179

Directors' current accounts

7,298

7,137

Corporation tax recoverable

2,556

2,549

Other taxation

27,026

24,747

Prepayments

4,452

-

51,511

44,612

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts (see note 9)

8,888

34,243

Trade creditors

10,263

7,561

Corporation tax

54

93

Other creditors

474

Accrued expenses

74,553

1,700

94,232

44,071

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Amounts owed to holding company

335,581

385,322

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

Amounts falling due within one year or on demand:

Bank overdrafts

8,888

34,243

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

11.

RESERVES

Retained

earnings

£

At 1 January 2024

(107,175

)

Profit for the year

4,914

At 31 December 2024

(102,261

)

12.	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

7,137

6,997

Amounts advanced

161

140

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

7,298

7,137

Interest of £161 was paid on overdrawn director's loan account.

13.	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 £34,285. At the year end the amount

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

Company 2. During the year the Company paid consultancy fees of £55,000. At the year end the amount

due to this company was £55,000 (2023:£ NIL).

Company 3. At the year end the amount due from this company was £4,644(2023:£4,644).

Company 5. At the year end the amount due from this company was £5,511(2023:£5,511).

Company 6. At the year end the amount due from this company was £24(2023:£24).

Company 8. At the year end the amount due to this company £NIL (2023:£4,738).

14.	HOLDING COMPANY

100% of the issued shares are held by Westcourt Real Estates Development Ltd, a company registered in England. V Kapoor is the ultimate beneficial owner.

15.	GOING CONCERN

The accounts are prepared on a going concern basis. The parent company has agreed to support its

subsidiary.