Westgem Developments Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02208455

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,473		1,966

			1,473		1,966
CURRENT ASSETS
Debtors		16,972		6,750
Cash at bank and in hand		35,931		16,679

		52,903		23,429
Creditors: Amounts Falling Due Within One Year		(19,358 )		(8,593 )

NET CURRENT ASSETS (LIABILITIES)			33,545		14,836

TOTAL ASSETS LESS CURRENT LIABILITIES			35,018		16,802

PROVISIONS FOR LIABILITIES
Deferred Taxation			(280 )		(492 )

NET ASSETS			34,738		16,310

CAPITAL AND RESERVES
Called up share capital	5		100		100
Profit and Loss Account			34,638		16,210

SHAREHOLDERS' FUNDS			34,738		16,310

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Westgem Developments Limited

Balance Sheet (continued)

As At 30 March 2025

For the year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D L Kemp

Director

28th August 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Westgem Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02208455 . The registered office is 237 Westcombe Hill, London, SE3 7DW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	25% on reducing balance

2.4. Taxation

Income tax expense represents the sum of the tax currently payable 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.

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. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Westgem Developments Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 31 March 2024	4,750	24,772	1,516	16,688	47,726

As at 30 March 2025	4,750	24,772	1,516	16,688	47,726

Depreciation
As at 31 March 2024	4,588	24,095	1,506	15,571	45,760
Provided during the period	40	170	3	280	493

As at 30 March 2025	4,628	24,265	1,509	15,851	46,253

Net Book Value
As at 30 March 2025	122	507	7	837	1,473

As at 31 March 2024	162	677	10	1,117	1,966

5. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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