REGISTERED NUMBER: 04759700

Financial Statements For The Year Ended 31 March 2025

for

Westcliff Finance Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P E Britt

Mrs M Britt

REGISTERED OFFICE:

63 High Street

Chislehurst

Kent

BR7 5BE

REGISTERED NUMBER:

04759700

ACCOUNTANTS:

Baker Britt

Chartered Accountants

63 High Street

Chislehurst

Kent

BR7 5AF

FIXED ASSETS

Tangible assets

4

1,759,500

1,759,500

CURRENT ASSETS

Cash at bank

40,654

49,948

CREDITORS

Amounts falling due within one year

5

170,865

116,039

NET CURRENT LIABILITIES

(130,211

)

(66,091

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,629,289

1,693,409

CREDITORS

Amounts falling due after more than one year

6

766,492

830,709

NET ASSETS

862,797

862,700

CAPITAL AND RESERVES

Called up share capital

250

250

Revaluation reserve

7

550,599

550,599

Retained earnings

311,948

311,851

SHAREHOLDERS' FUNDS

862,797

862,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

P E Britt - Director

1.	STATUTORY INFORMATION

Westcliff Finance Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

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

Land and buildings

-

not provided

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,759,500

4,923

1,764,423

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

4,923

4,923

NET BOOK VALUE

At 31 March 2025

1,759,500

-

1,759,500

At 31 March 2024

1,759,500

-

1,759,500

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2020

357,804

-

357,804

Valuation in 2022

(266,705

)

-

(266,705

)

Valuation in 2023

459,500

-

459,500

Cost

1,208,901

4,923

1,213,824

1,759,500

4,923

1,764,423

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

56,673

31,111

Taxation and social security

375

584

Other creditors

113,817

84,344

170,865

116,039

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

766,492

830,709

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

766,492

656,709

7.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

550,599