West Surrey Building Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00292060 (England and Wales)

WEST SURREY BUILDING ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D R Edgley

SECRETARY:

Mr D R Edgley

REGISTERED OFFICE:

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

REGISTERED NUMBER:

00292060 (England and Wales)

ACCOUNTANTS:

Shaw Gibbs Limited

Wey Court West

Union Road

Farnham

Surrey

GU9 7PT

FIXED ASSETS

Tangible assets

4

400,000

CURRENT ASSETS

Debtors

5

1,225,266

1,207,058

Cash at bank

278,356

289,755

1,503,622

1,496,813

CREDITORS

Amounts falling due within one year

6

(3,419

)

(3,129

)

NET CURRENT ASSETS

1,500,203

1,493,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,900,203

1,893,684

PROVISIONS FOR LIABILITIES

7

(78,158

)

(77,200

)

NET ASSETS

1,822,045

1,816,484

CAPITAL AND RESERVES

Called up share capital

25,000

Other reserves

8

311,812

-

Retained earnings

8

1,485,233

1,791,484

SHAREHOLDERS' FUNDS

1,822,045

1,816,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

Mr D R Edgley - Director

1.	STATUTORY INFORMATION

West Surrey Building Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income due from the properties. It is recognised as it becomes due for payment on a quarterly basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Other reserves

The fair value changes in freehold property, net of any associated deferred taxation liability, are shown separately in a non distributable reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

400,000

1,807

401,807

DEPRECIATION

At 1 January 2024

and 31 December 2024

-

1,807

NET BOOK VALUE

At 31 December 2024

400,000

-

400,000

At 31 December 2023

400,000

-

400,000

The freehold property was valued by the director at the open market value at 31 December 2024.

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

Valuation in 2007

163,183

-

163,183

Valuation in 2011

20,500

-

20,500

Valuation in 2013

52,500

-

52,500

Valuation in 2015

52,703

-

52,703

Valuation in 2021

59,797

-

59,797

Valuation in 2022

35,000

-

35,000

Valuation in 2023

15,000

-

15,000

Cost

1,317

1,807

3,124

400,000

1,807

401,807

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Loan - Ernley Property Inv. Co

1,221,899

1,204,049

Other debtors

135

Rent statements

3,151

2,798

Prepayments

81

76

1,225,266

1,207,058

The balance of £1,221,899 is due from Ernley Property Investment Co Limited, a company under the control of the directors. The loan is considered to be repayable on demand and has been provided interest free.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Tax

630

481

Other Creditors

1,089

1,048

Accrued expenses

1,700

1,600

3,419

3,129

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

78,158

77,200

Deferred

tax

£

Balance at 1 January 2024

77,200

Net movement

958

Balance at 31 December 2024

78,158

8.

RESERVES

Retained

Other

earnings

reserves

Totals

£

At 1 January 2024

1,791,484

-

1,791,484

Profit for the year

5,561

Transfer unrealised gains

(311,812

)

311,812

-

At 31 December 2024

1,485,233

311,812

1,797,045

The balance on "other reserves" represents unrealised gains on freehold property net of any associated deferred taxation liability, and is not distributable.