REGISTERED NUMBER: 01583523 (England and Wales)

WESTBOURNE PROPERTY MANAGEMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24TH DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mrs J E S Colley

J Barriobero

Mrs M P Henton

Ms E Panagiotidou

V Vasudeva

REGISTERED OFFICE:

Stonemead House

95 London Road

Croydon

Surrey

CR20 2RF

REGISTERED NUMBER:

01583523 (England and Wales)

AUDITORS:

GMP Audit Limited, Statutory Auditor

20 Eversley Road

Bexhill on Sea

East Sussex

TN40 1HE

FIXED ASSETS

Investment property

4

1,456,000

1,456,000

CURRENT ASSETS

Debtors

5

119,728

35,295

Cash at bank

68,716

143,820

188,444

179,115

CREDITORS

Amounts falling due within one year

6

38,438

18,907

NET CURRENT ASSETS

150,006

160,208

TOTAL ASSETS LESS CURRENT LIABILITIES

1,606,006

1,616,208

PROVISIONS FOR LIABILITIES

7

294,351

296,902

NET ASSETS

1,311,655

1,319,306

CAPITAL AND RESERVES

Called up share capital

8

78

78

Capital redemption reserve

9

11

11

Fair value reserve

9

1,107,575

1,105,024

Retained earnings

9

203,991

214,193

SHAREHOLDERS' FUNDS

1,311,655

1,319,306

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 Board of Directors and authorised for issue on 14th December 2025 and were signed on its behalf by:

Ms E Panagiotidou - Director

1.	STATUTORY INFORMATION

Westbourne Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents the value of ground rent and other charges receivable.

Investment property

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 25th December 2023

and 24th December 2024

1,456,000

NET BOOK VALUE

At 24th December 2024

1,456,000

At 24th December 2023

1,456,000

Freehold investment property was valued on an open market basis on 24th December 2024 by the directors based on the professional valuation as at 24th December 2023 carried out by by Matthew K Gawne BSc (Hons) MSc MRICS of Shaw & Co Chartered Surveyors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Shared roadway costs due from

other Houses

16,988

1,812

Loans to Houses

36,999

(1

)

Rental income arrears

2,058

2,058

Ground rent arrears

214

204

Other debtors

63,469

31,222

119,728

35,295

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Payments on account

11,031

1,926

Trade creditors

17,477

5,471

Other creditors

-

571

Accrued expenses

9,930

10,939

38,438

18,907

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

294,351

296,902

Deferred

tax

£

Balance at 25th December 2023

296,902

Credit to Income Statement during year

(2,551

)

Balance at 24th December 2024

294,351

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

78

Ordinary

£1

78

78

9.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 25th December 2023

214,193

11

1,105,024

1,319,228

Deficit for the year

(7,651

)

(7,651

)

Transfer between reserves

(2,551

)

-

2,551

-

At 24th December 2024

203,991

11

1,107,575

1,311,577

Movements in the fair value reserve are recognised net of deferred taxation.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Appleyard FCA (Senior Statutory Auditor)

for and on behalf of GMP Audit Limited, Statutory Auditor