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Registration number: 11361578

SPV Westacre Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 May 2025

SPV Westacre Limited

Contents
__________________________________________________________________________

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 5

SPV Westacre Limited

Company Information
__________________________________________________________________________

Directors | Lloyd Halls Michael Chapman

Registered office | 20-22 Wenlock Road London N1 7GU

Accountants | Brooks Green Chartered AccountantsAbbey House 342 Regents Park Road London N3 2LJ

SPV Westacre Limited

(Registration number: 11361578)
Balance Sheet as at 31 May 2025
__________________________________________________________________________

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 3 |  | 1,394,600 |  | 1,359,108
Current assets |  |  |  |  |
Cash at bank and in hand |  | 105,361 |  | 163,393 |
Creditors: Amounts falling due within one year | 4 | (1,618,780) |  | (1,607,780) |
Net current liabilities |  |  | (1,513,419) |  | (1,444,387)
Net liabilities |  |  | (118,819) |  | (85,279)
Capital and reserves |  |  |  |  |
Called up share capital | 5 | 1,000 |  | 1,000 |
Retained earnings |  | (119,819) |  | (86,279) |
Shareholders' deficit |  |  | (118,819) |  | (85,279)

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 February 2026 and signed on its behalf by:

......................................... Lloyd Halls Director
......................................... Michael Chapman Director

SPV Westacre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025
__________________________________________________________________________

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

SPV Westacre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025
__________________________________________________________________________

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

SPV Westacre Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025
__________________________________________________________________________

3 | Tangible assets

| Land and buildings £ | Total £
Cost or valuation
At 1 June 2024 | 1,359,108 | 1,359,108
Additions | 35,492 | 35,492
At 31 May 2025 | 1,394,600 | 1,394,600
Depreciation
Carrying amount
At 31 May 2025 | 1,394,600 | 1,394,600
At 31 May 2024 | 1,359,108 | 1,359,108

Included within the net book value of land and buildings above is £1,394,600 (2024 - £1,359,108) in respect of freehold land and buildings.

4 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings |  | 1,088,000 | 1,077,000
Accruals and deferred income |  | 780 | 780
Other creditors |  | 530,000 | 530,000
|  | 1,618,780 | 1,607,780

5 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000