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REGISTERED NUMBER: 10243653 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 SEPTEMBER 2024

FOR

WESTCITI LIMITED
WESTCITI LIMITED (REGISTERED NUMBER: 10243653)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WESTCITI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2024







DIRECTORS: R Bansal
A Copithorne Crainey





REGISTERED OFFICE: 35-37 Morland Avenue
Croydon
CR0 6EA





REGISTERED NUMBER: 10243653 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL
Page 1
WESTCITI LIMITED (REGISTERED NUMBER: 10243653)

BALANCE SHEET
29 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 2,280 3,040
Tangible assets 4 21,959 19,556
Investments 5 65,000 65,000
89,239 87,596

CURRENT ASSETS
Debtors 6 461,488 253,836
Cash at bank and in hand 748,724 615,287
1,210,212 869,123
CREDITORS
Amounts falling due within one year 7 456,532 314,303
NET CURRENT ASSETS 753,680 554,820
TOTAL ASSETS LESS CURRENT LIABILITIES 842,919 642,416

CREDITORS
Amounts falling due after more than one year 8 7,904 18,214
NET ASSETS 835,015 624,202

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 834,915 624,102
835,015 624,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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 29 September 2025 and were signed on its behalf by:





A Copithorne Crainey - Director


The notes form part of these financial statements

Page 2
WESTCITI LIMITED (REGISTERED NUMBER: 10243653)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2024


1. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

3. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 30 September 2023
and 29 September 2024 3,800
AMORTISATION
At 30 September 2023 760
Amortisation for year 760
At 29 September 2024 1,520
NET BOOK VALUE
At 29 September 2024 2,280
At 29 September 2023 3,040

Page 3 continued...
WESTCITI LIMITED (REGISTERED NUMBER: 10243653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 30 September 2023 29,166 3,853 33,019
Additions 8,680 2,026 10,706
At 29 September 2024 37,846 5,879 43,725
DEPRECIATION
At 30 September 2023 9,791 3,672 13,463
Charge for year 7,980 323 8,303
At 29 September 2024 17,771 3,995 21,766
NET BOOK VALUE
At 29 September 2024 20,075 1,884 21,959
At 29 September 2023 19,375 181 19,556

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 30 September 2023
and 29 September 2024 65,000
NET BOOK VALUE
At 29 September 2024 65,000
At 29 September 2023 65,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 69,005 55,369
Amounts owed by group undertakings 372,534 179,500
Other debtors 1,002 -
Prepayments 18,947 18,967
461,488 253,836

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,311 10,056
Trade creditors 195,165 107,467
Tax 70,237 50,065
Social security and other taxes - 474
VAT 56,000 69,523
Other creditors 12,444 5,141
Directors' loan accounts 54,108 54,345
Deferred income 45,259 6,252
Accrued expenses 13,008 10,980
456,532 314,303

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,904 10,056
Bank loans - 2-5 years - 8,158
7,904 18,214

Page 4 continued...
WESTCITI LIMITED (REGISTERED NUMBER: 10243653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, R Bansal increased his loan to the company. As at 29 September 2024, the company owed him £54,108 (2023: £54,108). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

During the year, A Copithorne Crainey decreased his loan to the company. As at 29 September 2024, the company owed him £nil (2023: £237). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

Diamond Life Holdings Limited
During the year, Diamond Life Holdings Limited increased their loan from the company. As at 29 September 2024, Diamond Life Holdings Limited owed the company £179,500 (2023: £149,500). All transactions were undertaken on a commercial arms length basis and any outstanding amounts and interest free and repayable on demand.

3R Management Limited
During the year, Westciti Limited purchased services from 3R Management Limited to the value of £116,577 (2023: £91,602). As at 29 September 2024, 3R Management Limited was owed £45,694 (2023: £22,091). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

Caroco Apart Hotel LLP
During the year, Westciti Limited paid rent to Caroco Apart Hotel LLP to the value of £722,021. As at 29 September 2024, Caroco Apart Hotel LLP owed the company £3,542 (2023: £30,000). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

CCR Property Southern Limited
During the year, Westciti Limited paid rent to CCR Property Southern Limited to the value of £410,117. As at 29 September 2024, CCR Property Southern Limited owed the company £189,510 (2023: £nil). All transactions were undertaken on a commercial arms length basis and any outstanding amounts are interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

As there is no majority shareholder the company is controlled jointly by the directors of the company.

Page 5