ACCOUNTS - Final Accounts preparation

Registered number: 02371174

WESTPOINT CENTRE (DEVON) LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

WESTPOINT CENTRE (DEVON) LIMITED

REGISTERED NUMBER:02371174

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	518,388		621,553
		518,388		621,553
Creditors: amounts falling due within one year	5	(175,964)		(133,752)
Net current assets			342,424		487,801
Total assets less current liabilities			342,424		487,801

Net assets			342,424		487,801

Capital and reserves
Called up share capital	6	2	2
Profit and loss account		342,422	487,799
		342,424	487,801

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 June 2026.

J A T Lee OBE DL FRAgS

Director

The notes on pages 2 to 4 form part of these financial statements.

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WESTPOINT CENTRE (DEVON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	GENERAL INFORMATION

Westpoint Centre (Devon) Limited is a private company limited by shares incorporated in England and Wales, registered number 02371174. The registered office is Westpoint, Clyst St Mary, Exeter, Devon, EX5 1DJ.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.4

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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WESTPOINT CENTRE (DEVON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.5

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.

2.6

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2024: 2).

DEBTORS

					2025	2024
					£	£


Trade debtors	29,495	83,844
Amounts owed by group undertakings	486,827	515,563
Prepayments and accrued income	2,066	22,146
	518,388	621,553

5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Trade creditors	3,481	7,332
Other taxation and social security	987	40,285
Accruals and deferred income	171,496	86,135
	175,964	133,752

6.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

2 (2024:2) Ordinary shares of £1.00 each	2	2

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WESTPOINT CENTRE (DEVON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

7.	PENSION COMMITMENTS

The company has a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to fund and amounted to £1,874 (2024: £2,438).

8.	CONTROLLING PARTY

Westpoint Centre (Devon) Limited is fully owned and controlled by the Devon County Agricultural Association, a company limited by guarantee. Consolidated financial statements are prepared by the charity and are available from its registered office at Westpoint, Clyst St Mary, Exeter, EX5 1DJ.

9.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 30 September 2025 was unqualified.

The audit report was signed on 17 June 2026 by Alison Oliver FCA CTA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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