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REGISTERED NUMBER: 13130212 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

WESTHAVEN DEVELOPMENTS LIMITED

WESTHAVEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13130212)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

WESTHAVEN DEVELOPMENTS LIMITED

Company Information

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | L A Hopper

| H E H St George

| REGISTERED OFFICE: | Ground Floor

| Keble House

| Southernhay Gardens

| Exeter

| Devon

| EX1 1NT

| REGISTERED NUMBER: | 13130212 (England and Wales)

| ACCOUNTANTS: | Gravita Western Limited

| Keble House

| Southernhay Gardens

| Exeter

| Devon

| EX1 1NT

WESTHAVEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13130212)

Balance Sheet

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 5 | 4,552 |  | 28,545 |  |

Investments | 6 | 1,550 |  | 800 |  |

6,102 |  | 29,345 |  |

CURRENT ASSETS

Stocks | 1,756,678 |  | 1,607,595 |  |

Debtors | 7 | 337,869 |  | 150,206 |  |

Cash at bank | 68,887 |  | 94,164 |  |

2,163,434 |  | 1,851,965 |  |

CREDITORS

Amounts falling due within one year | 8 | (1,524,765 | ) | (1,235,428 | ) |

NET CURRENT ASSETS | 638,669 |  | 616,537 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 644,771 |  | 645,882 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (620,000 | ) | (600,000 | ) |

NET ASSETS | 24,771 |  | 45,882 |  |

CAPITAL AND RESERVES

Called up share capital | 1,000 |  | 1,000 |  |

Retained earnings | 23,771 |  | 44,882 |  |

24,771 |  | 45,882 |  |

WESTHAVEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13130212)

Balance Sheet - continued

31 MARCH 2025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 16 October 2025 and were signed on its behalf by:

L A Hopper - Director

WESTHAVEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13130212)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

1. | COMPANY INFORMATION

| Westhaven Developments 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Turnover

| Residential properties and land

| Turnover is recognised at legal completion in respect of the total proceeds of building and land sales. Turnover is measured at the fair value of consideration received or receivable and represents the amounts receivable for the property, net of VAT.

| Construction contracts

| Turnover is only recognised on a construction contract where the outcome can be estimated reliably.Turnover and costs are recognised by reference to the stage of completion of contract activity at the year-end date. This is normally measured by surveys of work performed to date. Contracts are only treated as construction contracts where they have been specifically negotiated for the construction of a property.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Plant and machinery | - | 25% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

WESTHAVEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13130212)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | ACCOUNTING POLICIES - continued

| Stocks

| Stock and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell; which is equivalent to the net realisable value. Costs comprise direct materials, direct labour costs and those overheads which have been incurred in bringing the stocks to their present location and condition. Management assess the costs and where required will provide against the stock.

| Properties held for sale are stated at the lower of cost and net realisable value.

| Financial instruments

| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024 | 13,277 |  | 27,795 |  | 1,047 |  | 42,119 |  |

| Disposals | - |  | (27,795 | ) | - |  | (27,795 | ) |

| At 31 March 2025 | 13,277 |  | - |  | 1,047 |  | 14,324 |  |

| DEPRECIATION

| At 1 April 2024 | 5,783 |  | 7,383 |  | 408 |  | 13,574 |  |

| Charge for year | 3,319 |  | - |  | 262 |  | 3,581 |  |

| Eliminated on disposal | - |  | (7,383 | ) | - |  | (7,383 | ) |

| At 31 March 2025 | 9,102 |  | - |  | 670 |  | 9,772 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,175 |  | - |  | 377 |  | 4,552 |  |

| At 31 March 2024 | 7,494 |  | 20,412 |  | 639 |  | 28,545 |  |

WESTHAVEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13130212)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024 | 800 |  |

| Additions | 750 |  |

| At 31 March 2025 | 1,550 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,550 |  |

| At 31 March 2024 | 800 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by group undertakings | 213,000 |  | 135,675 |  |

| Amounts recoverable on contracts | 123,339 |  | - |  |

| VAT | - |  | 10,811 |  |

| Prepayments | 1,530 |  | 3,720 |  |

337,869 |  | 150,206 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other loans | 1,236,406 |  | 1,044,703 |  |

| Trade creditors | 73,605 |  | 43,007 |  |

| Social security and other taxes | 3,794 |  | 11,791 |  |

| VAT | 21,991 |  | - |  |

| Other creditors | - |  | 10,000 |  |

| Directors' current accounts | 1 |  | 18,663 |  |

| Accruals and deferred income | 188,968 |  | 107,264 |  |

1,524,765 |  | 1,235,428 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Directors' loan accounts | 620,000 |  | 600,000 |  |

WESTHAVEN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 13130212)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Secured loans | 1,236,406 |  | 307,000 |  |

| There is a charge with Exeter Finance Limited dated 12 May 2023 over the freehold property known as 'land on the North side of Potter's Lodge, St. Issey, Wadebridge PL27 7QY.

| There is also a charge with Warren Spokes dated 10 January 2025 over all of the freehold property known as ‘LongCarrow’.

11. | RELATED PARTY DISCLOSURES

| There is a loan from a Director totalling £500,000 (2024: £500,000) at the year end. There is interest accruing on this loan, charged to the profit and loss account for the period in which it relates.

| There is a loan from a Director totalling £120,000 (2024 £100,000) at the year end.There is interest accruing on this loan, charged to the profit and loss account for the period in which it relates.

| During the year, a director had a current account with the company. At the balance sheet date the amount due from the company is £Nil (2024: £14,500).

| During the year, a director had a current account with the company. At the balance sheet date the amount due from the company is £1 (2024: £4,163).

| During the year a the company held a trading credit account with a related company. At the balance sheet date the amount due to the related company is £69,274 (2024: £Nil).

| During the year a the company entered into a loan arrangement with a related company. At the balance sheet date the amount due from the related company is £138,750 (2024: £6,500).

| During the year a the company entered into a loan arrangement with a related company. At the balance sheet date the amount due from the related company is £74,250 (2024: 129,175).