West Country Real Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04934947 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2026

for

West Country Real Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B K Lane-Smith

Mrs S A N Lane-Smith

SECRETARY:

B K Lane-Smith

REGISTERED OFFICE:

Springfield Lodge

High Street

Halberton

TIVERTON

Devon

EX16 7AW

REGISTERED NUMBER:

04934947 (England and Wales)

ACCOUNTANTS:

A C Mole LLP

Chartered Accountants

Stafford House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

FIXED ASSETS

Tangible assets

4

63

85

Investment property

5

300,000

920,000

300,063

920,085

CURRENT ASSETS

Debtors

6

3,273

2,921

Cash at bank

56,194

7,608

59,467

10,529

CREDITORS

Amounts falling due within one year

7

64,625

217,237

NET CURRENT LIABILITIES

(5,158

)

(206,708

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

294,905

713,377

CREDITORS

Amounts falling due after more than one
year

8

-

(408,696

)

PROVISIONS FOR LIABILITIES

10

(956

)

(28,063

)

NET ASSETS

293,949

276,618

CAPITAL AND RESERVES

Called up share capital

100

Non-distributable reserves

11

93,531

297,454

Retained earnings

11

200,318

(20,936

)

SHAREHOLDERS' FUNDS

293,949

276,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2026 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 22 May 2026 and were signed on its behalf by:

B K Lane-Smith - Director

Mrs S A N Lane-Smith - Director

1.	STATUTORY INFORMATION

West Country Real Estates Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover

Turnover represents the amount of rent receivable in the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 6 April 2025

and 5 April 2026

661

28,733

29,394

DEPRECIATION

At 6 April 2025

576

28,733

29,309

Charge for year

22

-

22

At 5 April 2026

598

28,733

29,331

NET BOOK VALUE

At 5 April 2026

63

-

63

At 5 April 2025

85

-

85

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2025

920,000

Additions

2,538

Disposals

(650,000

)

Revaluations

27,462

At 5 April 2026

300,000

NET BOOK VALUE

At 5 April 2026

300,000

At 5 April 2025

920,000

Fair value at 5 April 2026 is represented by:

£

Valuation in 2006

104,214

Valuation in 2013

(55,552

)

Valuation in 2016

25,000

Valuation in 2018

15,000

Valuation in 2023

(15,000

)

Valuation in 2025

(6,653

)

Valuation in 2026

27,462

Cost

205,529

300,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

205,529

594,504

Investment property was valued on an open market basis on 5 April 2026 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

1,100

2,110

Other debtors

2,173

811

3,273

2,921

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

-

240

Amounts owed to associated undertakings

46,000

185,000

Taxation and social security

15,073

-

Other creditors

3,552

31,997

64,625

217,237

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

Bank loans

-

408,696

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more than 5 yrs

-

408,696

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

-

408,696

The bank loans are secured on the company's investment property.

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

Accelerated capital allowances

16

21

Deferred tax

940

28,042

956

28,063

Deferred

tax

£

Balance at 6 April 2025

28,063

Utilised during year

(27,107

)

Balance at 5 April 2026

956

11.

RESERVES

Retained

Non-distributable

earnings

reserves

Totals

£

At 6 April 2025

(20,936

)

297,454

276,518

Profit for the year

17,331

Realised gain transferred

203,923

(203,923

)

-

At 5 April 2026

200,318

93,531

293,849

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2026 and 5 April 2025:

2026

2025

£

B K Lane-Smith

Balance outstanding at start of year

(14,338

)

(45,532

)

Amounts advanced

14,899

31,194

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

561

(14,338

)

Mrs S A N Lane-Smith

Balance outstanding at start of year

(14,338

)

(45,532

)

Amounts advanced

14,899

31,194

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

561

(14,338

)

Repayable on demand.

13.	RELATED PARTY DISCLOSURES

The balance due at the end of the year from West Country Real Estates Limited to Full House Developments Limited was £46,000 (2025 - £185,000) which represents the net amount of payments and receipts made by each company on behalf of the other. The balance is included in the note detailing creditors falling due within one year.

Mr BK Lane Smith and Mrs SAN Lane-Smith are the directors and shareholders of the company.