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Registered number: 10082405
Westburns Property Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Pearson McKinsey Ltd
ACCA
Office C
616 - 618 Chigwell Road
Woodford
IG8 8AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10082405
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 717,400 632,400
717,400 632,400
CURRENT ASSETS
Cash at bank and in hand 110,095 84,187
110,095 84,187
Creditors: Amounts Falling Due Within One Year 6 (31,390 ) (28,522 )
NET CURRENT ASSETS (LIABILITIES) 78,705 55,665
TOTAL ASSETS LESS CURRENT LIABILITIES 796,105 688,065
Creditors: Amounts Falling Due After More Than One Year 7 (668,704 ) (644,767 )
NET ASSETS 127,401 43,298
CAPITAL AND RESERVES
Called up share capital 8 3 3
Revaluation reserve 9 85,000 -
Profit and Loss Account 42,398 43,295
SHAREHOLDERS' FUNDS 127,401 43,298
Page 1
Page 2
For the 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.
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 David Westbrook
Director
Mr Karl Blackburn
Director
Mr Martin Westbrook
Director
04/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Westburns Property Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10082405 . The registered office is Westburns Property Holdings Ltd, 2 Wickham Business Park, Honywood Road, Basildon, SS14 3EQ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold No Depreciation
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 years 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 3 (2024: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost or Valuation
As at 1 April 2024 632,400
Revaluation 85,000
As at 31 March 2025 717,400
Net Book Value
As at 31 March 2025 717,400
As at 1 April 2024 632,400
5. Debtors
2025 2024
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 31,390 28,522
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 508,704 644,767
Other loans 160,000 -
668,704 644,767
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
9. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 April 2024 - 43,295
Loss for year - (897)
Surplus on revaluation 85,000 -
Other comprehensive income for the year 85,000 -
Total comprehensive income for the year 85,000 (897 )
As at 31 March 2025 85,000 42,398
Page 4