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Registered number: 6492370
West Street Sheerness Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Thakrar & Co
West Street Sheerness Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
West Street Sheerness Ltd
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 6492370

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 772,984 |  | 773,014
|  |  | 772,984 |  | 773,014
CURRENT ASSETS
Debtors | 5 | 74,613 |  | 62,137 |
Cash at bank and in hand |  | 14,291 |  | 6,413 |
|  | 88,904 |  | 68,550 |
Creditors: Amounts Falling Due Within One Year | 6 | (393,112 ) |  | (398,280 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (304,208 ) |  | (329,730 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 468,776 |  | 443,284
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (44,193 ) |  | (44,193 )
NET ASSETS |  |  | 424,583 |  | 399,091
CAPITAL AND RESERVES
Called up share capital | 7 |  | 2 |  | 2
Profit and Loss Account |  |  | 424,581 |  | 399,089
SHAREHOLDERS' FUNDS |  |  | 424,583 |  | 399,091

Page 1
Page 2
West Street Sheerness Ltd
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 John Terry Director
18 November 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
West Street Sheerness Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
West Street Sheerness Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 6492370 . The registered office is Bakers Farm, Chapel Road , Smallfield , Surrey, CR9 1WW.
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 represents rents receivable during the accounting period.
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% reducing balance basis
Computer Equipment | 25% reducing balance basis

2.4. Investment Properties
Fair value is the price at which the property could be exchanged between knowledgeable, willing parties in an arm's length transaction. All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for the Investment Properties. Changes in fair value are recognised as gains in the Profit and Loss and included in "other income." All gains are unrealised.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
If it is assumed that the company has no plans to sell the asset for the foreseeable future, then deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
West Street Sheerness Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
4. Tangible Assets

| Investment Properties | Plant & Machinery | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 March 2024 | 772,894 | 1,200 | 2,212 | 776,306
As at 28 February 2025 | 772,894 | 1,200 | 2,212 | 776,306
Depreciation
As at 1 March 2024 | - | 1,080 | 2,212 | 3,292
Provided during the period | - | 30 | - | 30
As at 28 February 2025 | - | 1,110 | 2,212 | 3,322
Net Book Value
As at 28 February 2025 | 772,894 | 90 | - | 772,984
As at 1 March 2024 | 772,894 | 120 | - | 773,014

Revaluation
The fair value of the company’s Investment Properties was revalued on 28 February 2025 by Directors by using comparable values available within the property locations. The directors considered the fair value to be same as the cost of properties included within the accoounts.
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 56,510 |  | 56,510
Service Charge Debtors | 18,103 |  | 5,627
| 74,613 |  | 62,137

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 4,739 |  | 4,861
Corporation tax | 6,651 |  | 7,151
Loan | 7,207 |  | 7,207
Rent deposit | 1,728 |  | 1,728
Accruals and deferred income | 2,550 |  | 2,730
Directors' loan accounts | 370,237 |  | 374,603
| 393,112 |  | 398,280

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

Page 4
Page 5
West Street Sheerness Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
8. Reserves

| Profit and Loss Account
--- | ---
| £
As at 1 March 2024 | 399,089
Profit for the year and total comprehensive income | 25,492
As at 28 February 2025 | 424,581

Reserves
The profit and loss account includes £232,596 (2024: 232,596) of non-distributable reserves relating to the revaluation of investment properties. It must be emphasised that fair value gains on investment property are non-distributable profits because they are not realised gains.
9. Related Party Transactions
During the year the company entered into the following transactions with related parties.
At the year end there was loan advance of £56,511 made to Stone Property 5 Ltd and this amount is due to the company (2024 - £56,511)
At the year end there was a loan advance received of £7,207 from Property 26 Ltd and is payable by the company. (2024 - £7,207)
The companies are related by virtue of common director(s) and shareholders
Page 5