Registration number: 13758609

West 16th Ltd

Contents

Company Information	1
Accountants' Report	2
Statement of Financial Position	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

West 16th Ltd

Company Information

Directors

Mrs Z Steyn Mrs A Herselman

Registered office

7 Tollgate Drive London SE21 7LS

Accountants

Innovi Advisors Ltd Chartered Certified Accountants163 Herne Hill London SE24 9LR

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
West 16th Ltd
for the Year Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of West 16th Ltd for the year ended 30 November 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of West 16th Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of West 16th Ltd and state those matters that we have agreed to state to the Board of Directors of West 16th Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than West 16th Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that West 16th Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of West 16th Ltd. You consider that West 16th Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of West 16th Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Innovi Advisors Ltd
Chartered Certified Accountants
163 Herne Hill
London
SE24 9LR

28 November 2025

West 16th Ltd

(Registration number: 13758609)
Statement of Financial Position as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	4,552	5,108
Tangible assets	5	452,896	250,240
		457,448	255,348
Current assets
Stocks	6	5,000	15,000
Debtors	7	45,250	10,744
Cash at bank and in hand		67,082	59,587
		117,332	85,331
Creditors: Amounts falling due within one year	8	(657,367)	(393,880)
Net current liabilities		(540,035)	(308,549)
Total assets less current liabilities		(82,587)	(53,201)
Provisions for liabilities		-	(62,560)
Net liabilities		(82,587)	(115,761)
Capital and reserves
Called up share capital		100	100
Retained earnings		(82,687)	(115,861)
Shareholders' deficit		(82,587)	(115,761)

West 16th Ltd

(Registration number: 13758609)
Statement of Financial Position as at 30 November 2024 (continued)

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 28 November 2025 and signed on its behalf by:
 

Mrs Z Steyn Director

West 16th Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
7 Tollgate Drive
London
SE21 7LS
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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 presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.

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.

Tax

The tax expense for the period comprises deferred 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.

West 16th Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Furniture and fittings	25% RBM
Plant and machinery	25% RBM
Leasehold improvements	10% SLM
Motor vehicles	25% RBM

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademark	10 Years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

West 16th Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

West 16th Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

2	Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 18).

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
At 1 December 2023	5,560	5,560
At 30 November 2024	5,560	5,560
Amortisation
At 1 December 2023	452	452
Amortisation charge	556	556
At 30 November 2024	1,008	1,008
Carrying amount
At 30 November 2024	4,552	4,552
At 30 November 2023	5,108	5,108

West 16th Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

5	Tangible assets

	Leasehold improvements £	Furniture and fittings £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 December 2023	158,185	26,289	84,516	-
Additions	234,987	7,000	15,304	16,724
At 30 November 2024	393,172	33,289	99,820	16,724
Depreciation
At 1 December 2023	9,855	2,426	6,469	-
Charge for the year	39,317	6,981	23,319	1,742
At 30 November 2024	49,172	9,407	29,788	1,742
Carrying amount
At 30 November 2024	344,000	23,882	70,032	14,982
At 30 November 2023	148,330	23,863	78,047	-

	Total £
Cost or valuation
At 1 December 2023	268,990
Additions	274,015
At 30 November 2024	543,005
Depreciation
At 1 December 2023	18,750
Charge for the year	71,359
At 30 November 2024	90,109
Carrying amount
At 30 November 2024	452,896
At 30 November 2023	250,240

6

Stocks

	2024 £	2023 £
Other inventories	5,000	15,000

West 16th Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024 (continued)

7

Debtors

Current	2024 £	2023 £
Prepayments	564	1,592
Other debtors	44,686	9,152
	45,250	10,744

8

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	53,290	36,693
Taxation and social security	-	2,151
Accruals and deferred income	2,308	2,300
Other creditors	601,769	352,736
	657,367	393,880