Company registration number 09585739 (England and Wales)
WESTGLEN ESTATES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
WESTGLEN ESTATES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
WESTGLEN ESTATES LTD
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
FIXED ASSETS
Investment property
4
804,378
751,378
CURRENT ASSETS
Debtors
5
8,947
16,748
Cash at bank and in hand
13,653
174
22,600
16,922
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6
(3,738)
(3,872)
NET CURRENT ASSETS
18,862
13,050
TOTAL ASSETS LESS CURRENT LIABILITIES
823,240
764,428
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
7
(450,393)
(450,100)
PROVISIONS FOR LIABILITIES
(80,464)
(67,214)
NET ASSETS
292,383
247,114
CAPITAL AND RESERVES
Called up share capital
100
100
Fair value reserve
8
254,640
201,640
Profit and loss account
37,643
45,374
TOTAL EQUITY
292,383
247,114
WESTGLEN ESTATES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 25 February 2026 and are signed on its behalf by:
Mr S Ghani
Director
Company registration number 09585739 (England and Wales)
WESTGLEN ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 3 -
1
ACCOUNTING POLICIES
Company information

WestGlen Estates Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 107 Westhall Road, Warlingham, Surrey.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account is derived from ordinary activities and represents the value of rental income receivable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

Freehold land and assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

WESTGLEN ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
ACCOUNTING POLICIES
(Continued)
- 4 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

WESTGLEN ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
2
EMPLOYEES

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
TANGIBLE FIXED ASSETS
Computers
£
Cost
At 1 June 2024 and 31 May 2025
659
Depreciation and impairment
At 1 June 2024 and 31 May 2025
659
Carrying amount
At 31 May 2025
-
0
At 31 May 2024
-
0
4
INVESTMENT PROPERTY
2025
£
Fair value
At 1 June 2024
751,378
Revaluations
53,000
At 31 May 2025
804,378

Investment property comprises of two residential properties in Cardiff. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

WESTGLEN ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 6 -
5
DEBTORS
2025
2024
Amounts falling due within one year:
£
£
Other debtors
8,947
16,748
6
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
£
£
Corporation tax
1,529
2,146
Other creditors
2,209
1,726
3,738
3,872
7
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
£
£
Bank loans and overdrafts
450,393
450,100
Creditors which fall due after five years are as follows:
2025
2024
£
£
Payable by instalments
450,393
450,100

The above includes secured creditors of £450,393 (2024- £450,100). These balances are secured over the company's investment properties.

8
FAIR VALUE RESERVE
2025
2024
£
£
At the beginning of the year
201,640
187,801
Fair value reserve
53,000
13,839
At the end of the year
254,640
201,640
WESTGLEN ESTATES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 7 -
9
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within debtors is a balance of £8,947 (2024- £16,748) due from the directors. This balance is interest free and repayable on demand.

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