Westhampnett House Limited

(Registration number: 07906337)
Balance Sheet as at 31 December 2024

	Note	31.12.24		31.12.23
		£	£	£	£
FIXED ASSETS
Tangible assets	5		4,934,701		4,945,532
CURRENT ASSETS
Stocks		2,495		3,532
Debtors	6	1,154,272		1,112,044
Cash at bank and in hand		261,464		183,425
		1,418,231		1,299,001
CREDITORS
Creditors within 1yr	7	730,737		564,045
Net current assets			687,494		734,956
Total assets less current liabilities			5,622,195		5,680,488
Creditors Amounts falling due after more than one year	7		1,364,279		1,507,319
PROVISIONS FOR LIABILITIES			(674,405)		(674,405)
Net assets			3,583,511		3,498,764
CAPITAL AND RESERVES
Called up share capital			100		100
Revaluation reserve			3,056,228		3,056,228
Profit and loss account			527,183		442,436
Shareholders' funds			3,583,511		3,498,764

Westhampnett House Limited

(Registration number: 07906337)
Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 September 2025

......................................... C Hyman Director

Westhampnett House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1.	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 30 September 2025.

2.	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Westhampnett House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

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.

The Group inludes a number of companies, which are a part of a tax group for certain aspects of the tax legislation. One of these aspects relates to group relief whereby current tax liabilities can be offset by current tax losses arising in other companies within the same tax group. Payment for group relief is made equal to the tax benefit and amounts are included within the current tax disclosures.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Furniture and fittings	20% straight line basis

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of seven years.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Westhampnett House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3.	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2023 - 22).

4.	Intangible assets

	Goodwill  £
Cost or valuation
At 1 January 2024	474,612
At 31 December 2024	474,612
Amortisation
At 1 January 2024	474,612
At 31 December 2024	474,612
Carrying amount
At 31 December 2024	-

5.	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	4,911,328	379,346	5,290,674
At 31 December 2024	4,911,328	379,346	5,290,674
Depreciation
At 1 January 2024	-	345,142	345,142
Charge for the year	-	10,831	10,831
At 31 December 2024	-	355,973	355,973
Carrying amount
At 31 December 2024	4,911,328	23,373	4,934,701
At 31 December 2023	4,911,328	34,204	4,945,532

Included within the net book value of land and buildings above is £4,911,328 (2023 - £4,911,328) in respect of freehold land and buildings.
 

Westhampnett House Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6.

Debtors

	Note	31.12.24 £	31.12.23 £
Trade debtors		137,841	201,543
Amounts owed by group undertakings and undertakings in which the company has a participating interest	8	77,038	20,122
Other debtors		939,393	890,379
		1,154,272	1,112,044

Amount owned by group undertakings have no set interest or repayment terms.