REGISTERED NUMBER: 04720611 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Westrow Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Armstrong

SECRETARY:

LCC Associates Limited

REGISTERED OFFICE:

Leofric House

18B Binley Road

Coventry

West Midlands

CV3 1JN

REGISTERED NUMBER:

04720611 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

-

800,000

Investments

5

3

3

Investment property

6

800,000

-

800,003

800,003

CURRENT ASSETS

Debtors

7

-

81,106

Cash at bank

114

23,815

114

104,921

CREDITORS

Amounts falling due within one year

8

9,021

9,986

NET CURRENT (LIABILITIES)/ASSETS

(8,907

)

94,935

TOTAL ASSETS LESS CURRENT LIABILITIES

791,096

894,938

PROVISIONS FOR LIABILITIES

9

97,449

123,200

NET ASSETS

693,647

771,738

CAPITAL AND RESERVES

Called up share capital

10

5

5

Revaluation reserve

11

292,347

369,600

Retained earnings

401,295

402,133

SHAREHOLDERS' FUNDS

693,647

771,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2026 and were signed by:

J D Armstrong - Director

1.	STATUTORY INFORMATION

Westrow Properties Ltd 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Deferred taxation

Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 May 2024

903,004

Reclassification/transfer

(903,004

)

At 30 April 2025

-

DEPRECIATION

At 1 May 2024

103,004

Reclassification/transfer

(103,004

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

800,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

and 30 April 2025

3

NET BOOK VALUE

At 30 April 2025

3

At 30 April 2024

3

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Reclassification/transfer

800,000

At 30 April 2025

800,000

NET BOOK VALUE

At 30 April 2025

800,000

Freehold land and buildings were valued on an open market basis in July 2023 by David Penn RICS of Bromwich Hardy, an independent valuer who holds appropriate qualifications with relevant experience in this field. The valuation was undertaken in accordance with the RICS Valuation - Global Standards (2020) "The Red Book" published by the Royal Institution of Chartered Surveyors on the basis of fair value.

The method used in determining the valuation of the freehold land and buildings was the fair value basis being the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Amounts owed by group undertakings

-

81,105

Directors' current accounts

-

1

-

81,106

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Tax

7,021

8,171

Accrued expenses

2,000

1,815

9,021

9,986

9.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

Accelerated capital allowances

97,449

123,200

Deferred

tax

£

Balance at 1 May 2024

123,200

Charge for the year

(25,751

)

Balance at 30 April 2025

97,449

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

5

Share capital 1

£1.00

5

5

11.

RESERVES

Revaluation

reserve

£

At 1 May 2024

369,600

Non Distributable Reserves

(77,253

)

At 30 April 2025

292,347

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

J D Armstrong

Balance outstanding at start of year

-

338,592

Amounts advanced

-

143,077

Amounts repaid

-

(481,669

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above loan has been charged at a commercial rate of interest.

There is a legal charge over the land and buildings at Unit 1 Boston Place, Coventry, CV6 5NN under title number WM383529 in favour of the director, John Douglas Armstrong. The charge was created 11 June 2024.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	ULTIMATE CONTROLLING PARTY

Armstrong Industries Trustees Limited hold 100% of the share capital in Westrow Properties Limited. Accordingly, the Trustees of Armstrong Industries Employee Ownership Trust control the company by virtue of their shareholding.