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REGISTERED NUMBER: 10769302 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Westbank Ltd

Westbank Ltd (Registered number: 10769302)

Contents of the Financial Statements

for the Year Ended 31 May 2025

Page |

Statement of Financial Position | 1 |

Notes to the Financial Statements | 3 |

Westbank Ltd (Registered number: 10769302)

Statement of Financial Position

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 35,000 |  | 35,000 |  |

Investment property | 5 | 528,000 |  | 565,000 |  |

563,000 |  | 600,000 |  |

CURRENT ASSETS

Debtors | 6 | 22,011 |  | 28,560 |  |

Cash at bank | 1,169 |  | 1,842 |  |

23,180 |  | 30,402 |  |

CREDITORS

Amounts falling due within one year | 7 | 99,606 |  | 96,649 |  |

NET CURRENT LIABILITIES | (76,426 | ) | (66,247 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 486,574 |  | 533,753 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (444,922 | ) | (442,185 | ) |

PROVISIONS FOR LIABILITIES | (5,303 | ) | (14,787 | ) |

NET ASSETS | 36,349 |  | 76,781 |  |

Westbank Ltd (Registered number: 10769302)

Statement of Financial Position - continued

31 May 2025

| 31.5.25 | 31.5.24 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Fair value reserve | 11 | 134,465 |  | 161,981 |  |

Retained earnings | (98,216 | ) | (85,300 | ) |

SHAREHOLDERS' FUNDS | 36,349 |  | 76,781 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 5 May 2026 and were signed on its behalf by:

Mr Mark Charles Wilkinson - Director

Mrs Emma Louise Knights - Director

Westbank Ltd (Registered number: 10769302)

Notes to the Financial Statements

for the Year Ended 31 May 2025

1. | STATUTORY INFORMATION

| Westbank Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

| Registered number: | 10769302

| Registered office: | 17 Hillmont Road

| Esher

| KT10 9BA

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.

| Turnover

| Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

| Investment property

| Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Westbank Ltd (Registered number: 10769302)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Unlisted

| investment

£ |

| COST

| At 1 June 2024

| and 31 May 2025 | 35,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 35,000 |  |

| At 31 May 2024 | 35,000 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 June 2024 | 565,000 |  |

| Revaluations | (37,000 | ) |

| At 31 May 2025 | 528,000 |  |

| NET BOOK VALUE

| At 31 May 2025 | 528,000 |  |

| At 31 May 2024 | 565,000 |  |

| Investment property situated at 11 Allen Street is under a charge from Paratus AMC Limited. The charge was created on 14th June 2019.

| Investment property situated at 15 Jones Street,Tonypandy CF40 2BZ is under a charge from Charter Court Financial Services Limited. The charge was created on 21 March 2022.

| Investment property situated at 14 Partridge Road,Tonypandy CF40 2SL is under a charge from Charter Court Financial Services Limited. The charge was created on 21 March 2022.

| Investment property situated at 68 Thomas Street,Tonypandy, CF40 2AJ is under a charge from Charter Court Financial Services Limited. The charge was created on 1 December 2023.

| Investment property situated at 62 Park Street, Clydach Vale,Tonypandy, CF40 2BT is under a charge from Family Finance Limited. The charge was created on 10 January 2024.

Westbank Ltd (Registered number: 10769302)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

5. | INVESTMENT PROPERTY - continued

| Fair value at 31 May 2025 is represented by:

£ |

| Valuation in 2021 | 151,768 |  |

| Valuation in 2022 | (35,000 | ) |

| Valuation in 2023 | 60,000 |  |

| Valuation in 2025 | (37,000 | ) |

| Cost | 388,232 |  |

528,000 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Other debtors | 22,011 |  | 28,560 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts | 63,453 |  | 66,629 |  |

| Trade creditors | 178 |  | 178 |  |

| Other creditors | 35,975 |  | 29,842 |  |

99,606 |  | 96,649 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans | 306,396 |  | 308,210 |  |

| Other creditors | 138,526 |  | 133,975 |  |

444,922 |  | 442,185 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Bank loans more 5 yrs non-inst | 304,790 |  | 304,790 |  |

Westbank Ltd (Registered number: 10769302)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans | 369,849 |  | 374,839 |  |

| The loan amounting to £73,684 is secured by the way of charge on the property situated at 11 Allen Street (disclosed as investment property). The charge was created in the name of Paratus Amc Limited on 14 June 2019

| The loan amounting to £76,150 is secured by the way of charge on the property situated at 15 Jones Street Tonypandy (disclosed as investment property). The charge was created in the name of Charter Court Financial Services Limited on 21 March 2022.

| The loan amounting to £79,956 is secured by the way of charge on the property situated at 14 Partridge Road Tonypandy (disclosed as investment property). The charge was created in the name of Charter Court Financial Services Limited on 21 March 2022.

| The loan amounting to £75,000 is secured by the way of charge on the property situated at 68 Thomas Street. Tonypandy, CF40 2AJ (disclosed as investment property). The charge was created in the name of Charter Court Financial Services Limited on 1 December 2023.

| The loan amounting to £61,617 is secured by the way of charge on the property situated at 62 Park Street, Clydach Vale,Tonypandy. CF40 2BT (disclosed as investment property). The charge was created in the name of Family Finance Limited on 10 January 2024.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

11. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 June 2024 | 161,981 |  |

| Transfer to/from reserves | (27,516 | ) |

| At 31 May 2025 | 134,465 |  |

Westbank Ltd (Registered number: 10769302)

Notes to the Financial Statements - continued

for the Year Ended 31 May 2025

12. | RELATED PARTY DISCLOSURES

| The company owes £12,878 (2024: £12,566) to its director, Mrs Emma Louise Knights who is also a 50% shareholder of the company as at accounting year end date.

| The company was owed £459 (2024: £3,071) to its director, Mr Mark Charles Wilkinson who is also a 50% shareholder of the company as at accounting year end date

| The company was owed £1,374 (2024: £2,074) from Hillmont Associates Ltd, a company registered in United Kingdom (Company registered number: 11895646) as at accounting year end date. Mr Mark Charles Wilkinson is also a director and sole shareholder of this company.

| The company owes £48,546 (2024: £37,376) to Bamboo Living Ltd, a company registered in United Kingdom (Company registered number: 11189922) as at accounting year end date. Mr Mark Charles Wilkinson is also a director and a 50% shareholder of this company.

| The company owes £32,041 (2024: £38,660) to Bamboo Events Ltd, a company registered in United Kingdom (Company registered number: 05277929) as at accounting year end date. Mrs Emma Louise Knights is also a director and sole shareholder shareholder of this company.

| The company owes £17,375 (2024: £7,174) to Life Remixed Ltd, a company registered in United Kingdom (Company registered number: 11607510) as at accounting year end date. Mr Mark Charles Wilkinson is also a director and a sole shareholder of this company.

| The company was owed £20,000 (2024: £20,000) to Momentum Developments Ltd, a company registered in United Kingdom (Company registered number: 11564187) as at accounting year end date. Mr Mark Charles Wilkinson and Mrs Emma Louise Knights are also directors and shareholders of this company holding 25% each in this company.