Westfield Family Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09973632 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Westfield Family Investments Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

V C C Smague

D A Begg

REGISTERED OFFICE:

2 Pollards Park House

Nightingales Lane

Chalfont St Giles

United Kingdom

Buckinghamshire

HP8 4SN

REGISTERED NUMBER:

09973632 (England and Wales)

ACCOUNTANTS:

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westfield Family Investments Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Westfield Family Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Westfield Family Investments Limited and state those matters that we have agreed to state to the Board of Directors of Westfield Family Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westfield Family Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Westfield Family Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westfield Family Investments Limited. You consider that Westfield Family Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westfield Family Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stewarts Accountants Limited

271 High Street

Berkhamsted

Hertfordshire

HP4 1AA

8 September 2025

FIXED ASSETS

Investment property

4

770,000

CURRENT ASSETS

Cash at bank

488,644

464,861

CREDITORS

Amounts falling due within one year

5

539,516

537,123

NET CURRENT LIABILITIES

(50,872

)

(72,262

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

719,128

697,738

PROVISIONS FOR LIABILITIES

23,368

33,899

NET ASSETS

695,760

663,839

CAPITAL AND RESERVES

Called up share capital

480,000

Revaluation reserve

117,305

178,413

Retained earnings

98,455

5,426

SHAREHOLDERS' FUNDS

695,760

663,839

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

D A Begg - Director

1.	STATUTORY INFORMATION

Westfield Family Investments 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.

The financial statements have been prepared on the going concern basis on the assumption that the company will continue to trade for the foreseeable future, despite it having net current liabilities.

The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to pay its debts as they fall due. The directors have agreed to not withdraw their loan accounts until the company has net current assets.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

770,000

NET BOOK VALUE

At 31 December 2024

770,000

At 31 December 2023

770,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2019

140,673

Cost

629,327

770,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

996

-

Corporation tax

5,018

4,428

Other creditors

1,075

Directors' current accounts

531,248

530,624

Accruals and deferred income

1,179

996

539,516

537,123