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Company Registration No. 00812524 (England and Wales)
West Properties Holdings Limited Unaudited accounts for the year ended 29 December 2024
West Properties Holdings Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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West Properties Holdings Limited Company Information for the year ended 29 December 2024
Directors
Mr. Jagjit Singh Gill Mr. Tarnjit Singh Gill
Company Number
00812524 (England and Wales)
Registered Office
51 Gloucester Terrace London W2 3DQ England
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West Properties Holdings Limited Statement of financial position as at 29 December 2024
2024
2023
Notes
£
£
Fixed assets
Investments
4
5,272,009
5,272,009
Current assets
Debtors
5
1,876,197
1,876,197
Cash at bank and in hand
-
8,175
1,876,197
1,884,372
Creditors: amounts falling due within one year
6
(363,203)
(368,691)
Net current assets
1,512,994
1,515,681
Net assets
6,785,003
6,787,690
Capital and reserves
Called up share capital
100,000
100,000
Profit and loss account
6,685,003
6,687,690
Shareholders' funds
6,785,003
6,787,690
For the year ending 29 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by
Mr. Tarnjit Singh Gill Director Company Registration No. 00812524
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West Properties Holdings Limited Notes to the Accounts for the year ended 29 December 2024
1
Statutory information
West Properties Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 00812524. The registered office is 51 Gloucester Terrace, London, W2 3DQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings
Other investments
Total
£
£
£
Valuation at 30 December 2023
2,084,754
3,187,255
5,272,009
Valuation at 29 December 2024
2,084,754
3,187,255
5,272,009
Investments represent equity shares held in subsidiaries which are not publicly quoted.
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
1,876,197
1,876,197
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
12
-
Amounts owed to group undertakings and other participating interests
263,191
268,691
Other creditors
100,000
100,000
363,203
368,691
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West Properties Holdings Limited Notes to the Accounts for the year ended 29 December 2024
7
Contingent liabilities
During the financial year, the Company was in a legal dispute regarding certain historical transactions (the “Legal Dispute”). As at the date of these accounts being approved, the Legal Dispute has concluded and the former director of the Company during the financial year has been made personally liable for the winning parties’ costs (in the circumstances, the parties adverse to the Company). The new directors are considering whether the Company may have claims against the former director of the Company for misappropriation of Company funds, including but not limited to: (1) expenses incurred to pursue the Legal Dispute for illegitimate purposes and for her personal benefit, (2) inflated director’s remuneration, and (3) overcharged management charges. No adjustments, if any, have been reflected in these financial statements, as the full extent of any such misappropriation is yet to be quantified.
8
Transactions with related parties
The company has taken advantage of the exemption provided in FRS102 Section 1A disclosing transactions with the members of the same group that are wholly owned.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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