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Registration number: 11270516

Westree Storage Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Westree Storage Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 12
iXBRL Detailed Profit and Loss Account | 13

Westree Storage Limited

Company Information

Chairman | Mr Anthony A C Knott

Chief executive | Mr Anthony A C Knott

Registered office | 7 Rabin Hill Sturminster Newton Dorset DT10 1EU

Accountants | Mrs Gail Luffingham Accountant7 Rabin Hill Sturminster Newton Dorset DT10 1EU

Westree Storage Limited

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The director who held office during the year was as follows:

Mr Anthony A C Knott - Chairman and chief executive

Principal activity

The principal activity of the company is to supply rental containers for storage

Small companies provision statement

This report has 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.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:

......................................... Mr Anthony A C Knott Chairman and chief executive

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Westree Storage Limited
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Westree Storage Limited for the year ended 31 March 2025 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Westree Storage Limited, as a body, in accordance with the terms of our engagement letter dated 20 March 2018. Our work has been undertaken solely to prepare for your approval the accounts of Westree Storage Limited and state those matters that we have agreed to state to the Board of Directors of Westree Storage Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westree Storage Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Westree Storage Limited 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 Westree Storage Limited. You consider that Westree Storage Limited 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 Westree Storage Limited. 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.

......................................
Mrs Gail Luffingham
Accountant
7 Rabin Hill
Sturminster Newton
Dorset
DT10 1EU

13 May 2025

Westree Storage Limited

Profit and Loss Account for the Year Ended 31 March 2025

| Note | 2025 £ | 2024 £
Turnover |  | 26,583 | 32,034
Gross profit |  | 26,583 | 32,034
Administrative expenses |  | (16,203) | (11,730)
Operating profit |  | 10,380 | 20,304
Profit before tax | 4 | 10,380 | 20,304
Profit for the financial year |  | 10,380 | 20,304

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Westree Storage Limited

Statement of Comprehensive Income for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Profit for the year | 10,380 | 20,304
Total comprehensive income for the year | 10,380 | 20,304

Westree Storage Limited

(Registration number: 11270516)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 15,690 | 15,764
Current assets |  |  |
Debtors | 6 | - | 21,977
Cash at bank and in hand |  | 4,293 | 7,458
|  | 4,293 | 29,435
Creditors: Amounts falling due within one year | 7 | (700) | (11,295)
Net current assets |  | 3,593 | 18,140
Net assets |  | 19,283 | 33,904
Capital and reserves |  |  |
Called up share capital | 8 | 500 | 500
Retained earnings |  | 18,783 | 33,404
Shareholders' funds |  | 19,283 | 33,904

For the financial year ending 31 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:

......................................... Mr Anthony A C Knott Chairman and chief executive

Westree Storage Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 500 | 33,403 | 33,903
Profit for the year | - | 10,380 | 10,380
Dividends | - | (25,000) | (25,000)
At 31 March 2025 | 500 | 18,783 | 19,283

| Share capital £ | Retained earnings £ | Total £
At 1 April 2023 | 500 | 28,100 | 28,600
Profit for the year | - | 20,304 | 20,304
Dividends | - | (15,000) | (15,000)
At 31 March 2024 | 500 | 33,404 | 33,904

Westree Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
7 Rabin Hill
Sturminster Newton
Dorset
DT10 1EU
England

These financial statements were authorised for issue by the Board on 13 May 2025.

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.

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.

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:

Westree Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 74 | 98

Westree Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 15,468 | 1,050 | 16,518
At 31 March 2025 | 15,468 | 1,050 | 16,518
Depreciation
At 1 April 2024 | - | 754 | 754
Charge for the year | - | 74 | 74
At 31 March 2025 | - | 828 | 828
Carrying amount
At 31 March 2025 | 15,468 | 222 | 15,690
At 31 March 2024 | 15,468 | 296 | 15,764

Included within the net book value of land and buildings above is £15,468 (2024 - £15,468) in respect of freehold land and buildings.

6 | Debtors

Current | Note | 2025 £ | 2024 £
Amounts owed by related parties | 10 | - | 17,500
Other debtors |  | - | 4,477
|  | - | 21,977

Westree Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | - | 13,000
Accruals and deferred income | 690 | 1,390
Other creditors | 10 | (3,095)
| 700 | 11,295

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 500 | 500 | 500 | 500

9 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Final dividend of £Nil (2024 - £8.00) per ordinary share |  | 25,000 |  | 15,000

10 | Related party transactions

Westree Storage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 5,000 | 9,100

Westree Storage Limited

iXBRL Detailed Profit and Loss Account for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Turnover/revenue | 26,583 | 32,034
Cost of sales |  |
Opening stock/inventories | - | -
Closing stock/inventories | - | -
Gross profit | 26,583 | 32,034
Distribution costs |  |
Administrative expenses |  |
Audit and accountancy other services | (690) | (635)
Depreciation of fixed assets | (74) | (98)
Other staff costs excluding directors | (7,647) | (755)
Salaries and fees, directors | (5,000) | (9,100)
Bank charges | (142) | (129)
Telecommunications | (236) | (225)
Printing, postage and stationery | (125) | (160)
Other costs | (2,289) | (628)
Other operating income |  |
Other items |  |
Profit for the financial year | 10,380 | 20,304