Westlands Property Company Limited Accounts






Westlands Property Company Limited

	Company No. 02848099
		Information for Filing with The Registrar
		31 August 2025

at	31 August 2025
Company No.		02848099	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	920,833	920,833


				920,833	920,833
Current assets

	Debtors		6	1,376	-

	Cash at bank and in hand			23,445	14,567
				24,821	14,567
Creditors: Amount falling due within one year			7	(128,281)	(85,841)
Net current liabilities				(103,460)	(71,274)
Total assets less current liabilities				817,373	849,559
Creditors: Amounts falling due after more than one year			8	(467,614)	(483,007)



Net assets				349,759	366,552

Capital and reserves
	Called up share capital			2	2

	Revaluation reserve		10	370,987	370,987

	Profit and loss account		10	(21,230)	(4,437)

Total equity				349,759	366,552



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 28 May 2026 and signed on its behalf by:
S. Kandasamy
Director
28 May 2026

for the year ended 31 August 2025

General information

Westlands Property Company Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 02848099

Its registered office is:

1st Floor, Born & Co.

Devonshire House

1 Mayfair Place

London

W1J 8AJ

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced
for estimated customer returns, rebates and other similar allowances.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

No provision is made for depreciation on land & buildings.

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Work in progress

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Taxation
		(a) Tax on profit on ordinary activities	2025
		The tax charge is made up as follows:	£
		UK corporation tax










		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		4198	£	£
		Profit on ordinary activities before tax	(16,793)	(26,388)

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(4,198)	(6,597)
		Expenses not deductible for tax purposes	4,198	6,597

5	Tangible fixed assets
			Land and buildings	Total
			£	£
		Cost or revaluation
		At 1 September 2024	920,833	920,833




		At 31 August 2025	920,833	920,833
		Depreciation






		Net book values
		At 31 August 2025	920,833	920,833
		At 31 August 2024	920,833	920,833

6	Debtors
			2025	2024
			£	£
		Trade debtors	1,220	-





		Other debtors	156	-

			1,376	-

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£






		Taxes and social security	1,615	19

		Other creditors	108,529	75,529
		Accruals and deferred income	18,137	10,293
			128,281	85,841

8	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£


		Other loans	455,995	471,553



		Other creditors	11,619	11,454

			467,614	483,007

Share Capital

The share capital comprises 2 ordinary £1 shares.

10	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 September 2023	370,987	370,987



		At 31 August 2024 and 1 September 2024	370,987	370,987



		At 31 August 2025	370,987	370,987

		The revaluation reserve reflects the revaluation of property other than investment properties.


		The profit and loss account includes all current and prior period retained profits and losses.