West Park Property Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09500618 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

WEST PARK PROPERTY DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Porteous

REGISTERED OFFICE:

Apartment 8

Swanland Hall, Hall Park

Tranby Lane

Swanland

HU14 3NW

REGISTERED NUMBER:

09500618 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

18,098

21,767

Investment property

5

8,656,500

8,541,000

8,674,598

8,562,767

CURRENT ASSETS

Debtors

6

124,331

78,243

Cash at bank

1,931

4,775

126,262

83,018

CREDITORS

Amounts falling due within one year

7

1,429,685

1,483,163

NET CURRENT LIABILITIES

(1,303,423

)

(1,400,145

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,371,175

7,162,622

CREDITORS

Amounts falling due after more than one year

8

(2,172,500

)

(2,172,500

)

PROVISIONS FOR LIABILITIES

(960,739

)

(961,657

)

NET ASSETS

4,237,936

4,028,465

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

10

2,853,449

Retained earnings

1,384,387

1,174,916

4,237,936

4,028,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 June 2026 and were signed by:

C Porteous - Director

1.	STATUTORY INFORMATION

West Park Property Developments Limited is a private company, limited by shares, registered in England. The company has its registered office at Apartment 8 Swanland Hall, Hall Park, Tranby Lane, Swanland, United Kingdom, HU14 3NW and the registered number of the company is 09500618.

The principal activity of the company is the buying and letting of real estate.

The financial statements have been presented in the Pound Sterling (£) as this is the functional currency of the business .

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company , the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Tangible fixed assets

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

Investment property

Investment property is 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 Profit and loss account, 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.

Taxation

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 September 2024

and 31 August 2025

39,130

DEPRECIATION

At 1 September 2024

17,363

Charge for year

3,669

At 31 August 2025

21,032

NET BOOK VALUE

At 31 August 2025

18,098

At 31 August 2024

21,767

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

8,541,000

Additions

115,500

At 31 August 2025

8,656,500

NET BOOK VALUE

At 31 August 2025

8,656,500

At 31 August 2024

8,541,000

The director has considered the carrying amount of the investment properties at the period end and consider them to be approximate to their fair value.

Fair value at 31 August 2025 is represented by:

£

Valuation in 2017

156,100

Valuation in 2018

501,121

Valuation in 2019

48,180

Valuation in 2020

515,222

Valuation in 2021

825,022

Valuation in 2022

690,334

Valuation in 2023

136,185

Valuation in 2024

895,502

Cost

4,888,834

8,656,500

If the Investment Properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

4,888,834

4,773,334

The Investment Properties were valued on an open market basis on 31 August 2024 by the director .

The director has considered the fair value of the investment properties at 31 August 2025, including prevailing market conditions and comparable property data where available, and is satisfied that there has been no material change in value since the valuation as at 31 August 2024.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

106,293

61,860

VAT

1,233

-

Prepayments

16,805

16,383

124,331

78,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

175,000

Tax

72,925

52,489

VAT

-

606

Other creditors

5,437

3,080

Yorkshire Bus & Coach Sales

Limited

487,062

499,563

Directors' current accounts

639,665

699,945

Deferred income

28,364

Accrued expenses

21,232

24,116

1,429,685

1,483,163

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 2-5 years

2,172,500

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

2,347,500

The bank loans are secured over the company Investment Property Portfolio together with a guarantee from Mr Craig Porteous the director of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 September 2024

and 31 August 2025

2,853,449

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount due to the director, Mr C Porteous. At the year end, the amount due was £639,664 (2024: £699,945)

The loan is interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

Included in other debtors are loans to related parties. The related parties are all companies under common control of the director, C Porteous.The balances at the year end were as follows:

2025

2024

£

West Park Property Developments Ltd

287,016

299,517

Qwylieau Seren Arian Cyf

145,023

Silverstar Limited

55,023

Total

487,062

499,563

The loan has been made on an interest free basis and is repayable on demand.

Although the loan is repayable on demand the director has confirmed that the loan repayment will not be demanded until there are sufficient funds available .

The director had also confirmed that the loan due to him will also not be demanded until there are sufficient

funds available to repay the loan.

The director has confirmed the support of the company's bankers for the foreseeable future and on this basis the director has prepared the accounts on the going concern basis.