IRIS Accounts Production v26.1.10.61 02856224 director 1.10.24 30.9.25 30.9.25 0 0 false true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02856224 2024-09-30 02856224 2025-09-30 02856224 2024-10-01 2025-09-30 02856224 2023-09-30 02856224 2023-10-01 2024-09-30 02856224 2024-09-30 02856224 ns15:EnglandWales 2024-10-01 2025-09-30 02856224 ns14:PoundSterling 2024-10-01 2025-09-30 02856224 ns10:Director1 2024-10-01 2025-09-30 02856224 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 02856224 ns10:SmallEntities 2024-10-01 2025-09-30 02856224 ns10:AuditExempt-NoAccountantsReport 2024-10-01 2025-09-30 02856224 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 02856224 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 02856224 ns10:FullAccounts 2024-10-01 2025-09-30 02856224 ns10:CompanySecretary1 2024-10-01 2025-09-30 02856224 ns10:RegisteredOffice 2024-10-01 2025-09-30 02856224 ns5:CurrentFinancialInstruments 2025-09-30 02856224 ns5:CurrentFinancialInstruments 2024-09-30 02856224 ns5:Non-currentFinancialInstruments 2025-09-30 02856224 ns5:Non-currentFinancialInstruments 2024-09-30 02856224 ns5:ShareCapital 2025-09-30 02856224 ns5:ShareCapital 2024-09-30 02856224 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-09-30 02856224 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-09-30 02856224 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 02856224 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 02856224 ns5:PlantMachinery 2024-10-01 2025-09-30 02856224 ns5:FurnitureFittings 2024-10-01 2025-09-30 02856224 ns5:LandBuildings 2024-09-30 02856224 ns5:PlantMachinery 2024-09-30 02856224 ns5:FurnitureFittings 2024-09-30 02856224 ns5:LandBuildings 2024-10-01 2025-09-30 02856224 ns5:LandBuildings 2025-09-30 02856224 ns5:PlantMachinery 2025-09-30 02856224 ns5:FurnitureFittings 2025-09-30 02856224 ns5:LandBuildings 2024-09-30 02856224 ns5:PlantMachinery 2024-09-30 02856224 ns5:FurnitureFittings 2024-09-30 02856224 ns5:CostValuation 2024-09-30 02856224 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 02856224 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 02856224 ns5:Secured 2025-09-30 02856224 ns5:Secured 2024-09-30

REGISTERED NUMBER: 02856224 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

| FOR |

| WESTWARD PROPERTIES LTD |

| WESTWARD PROPERTIES LTD (REGISTERED NUMBER: 02856224) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| WESTWARD PROPERTIES LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTOR: | Mr Keith David Ward

| SECRETARY: | Mr David Keith Ward

| REGISTERED OFFICE: | Westward House

| 2 Bury Road

| Hatfield

| Hertfordshire

| AL10 8BJ

| REGISTERED NUMBER: | 02856224 (England and Wales)

| ACCOUNTANTS: | SRG Newmans Ltd

| Chartered Certified Accountants

| Five Ways

| 57/59 Hatfield Road

| Potters Bar

| Hertfordshire

| EN6 1HS

| WESTWARD PROPERTIES LTD (REGISTERED NUMBER: 02856224) |

BALANCE SHEET

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,590,613 |  | 1,957,961 |  |

Investments | 5 | 95 |  | 95 |  |

Investment property | 6 | 783,544 |  | 800,000 |  |

2,374,252 |  | 2,758,056 |  |

CURRENT ASSETS

Debtors | 7 | 40,103 |  | 35,328 |  |

Cash at bank and in hand | 96,508 |  | 88,358 |  |

136,611 |  | 123,686 |  |

CREDITORS

Amounts falling due within one year | 8 | 77,409 |  | 75,485 |  |

NET CURRENT ASSETS | 59,202 |  | 48,201 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,433,454 |  | 2,806,257 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (277,298 | ) | (290,888 | ) |

PROVISIONS FOR LIABILITIES | (387,078 | ) | (477,078 | ) |

NET ASSETS | 1,769,078 |  | 2,038,291 |  |

| WESTWARD PROPERTIES LTD (REGISTERED NUMBER: 02856224) |

BALANCE SHEET - continued

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 11 | 1,341,234 |  | 1,431,234 |  |

Retained earnings | 427,744 |  | 606,957 |  |

SHAREHOLDERS' FUNDS | 1,769,078 |  | 2,038,291 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 June 2026 and were signed by:

Mr Keith David Ward - Director

| WESTWARD PROPERTIES LTD (REGISTERED NUMBER: 02856224) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Westward Properties Ltd 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.

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.

| 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 cost

| Fixtures and fittings | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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 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.

| WESTWARD PROPERTIES LTD (REGISTERED NUMBER: 02856224) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. | EMPLOYEES AND DIRECTORS

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

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 2,380,425 |  | 14,307 |  | 36,498 |  | 2,431,230 |  |

| Reclassification/transfer | (343,544 | ) | - |  | - |  | (343,544 | ) |

| At 30 September 2025 | 2,036,881 |  | 14,307 |  | 36,498 |  | 2,087,686 |  |

| DEPRECIATION

| At 1 October 2024 | 422,464 |  | 14,307 |  | 36,498 |  | 473,269 |  |

| Charge for year | 23,804 |  | - |  | - |  | 23,804 |  |

| At 30 September 2025 | 446,268 |  | 14,307 |  | 36,498 |  | 497,073 |  |

| NET BOOK VALUE

| At 30 September 2025 | 1,590,613 |  | - |  | - |  | 1,590,613 |  |

| At 30 September 2024 | 1,957,961 |  | - |  | - |  | 1,957,961 |  |

| Cost or valuation at 30 September 2025 is represented by:

| Fixtures |

| Freehold |  | Plant and |  | and |

| property |  | machinery |  | fittings |  | Totals

£ | £ | £ | £ |

| Valuation in 2014 | 1,009,120 |  | - |  | - |  | 1,009,120 |  |

| Valuation in 2017 | 377,280 |  | - |  | - |  | 377,280 |  |

| Valuation in 2023 | 18,800 |  | - |  | - |  | 18,800 |  |

| Cost | 631,681 |  | 14,307 |  | 36,498 |  | 682,486 |  |

2,036,881 |  | 14,307 |  | 36,498 |  | 2,087,686 |  |

| WESTWARD PROPERTIES LTD (REGISTERED NUMBER: 02856224) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

| If Freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 631,681 |  | 613,600 |  |

| Aggregate depreciation | 446,268 |  | 327,811 |  |

| Value of land in freehold land and buildings | 1,656,456 |  | 2,000,000 |  |

| Freehold land and buildings were valued on an open market offer basis on 30 September 2025 by a purchase offer .

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 October 2024

| and 30 September 2025 | 95 |  |

| NET BOOK VALUE

| At 30 September 2025 | 95 |  |

| At 30 September 2024 | 95 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024 | 800,000 |  |

| Reclassification/transfer | 343,544 |  |

| At 30 September 2025 | 1,143,544 |  |

| DEPRECIATION

| Revaluation adjustments | 360,000 |  |

| At 30 September 2025 | 360,000 |  |

| NET BOOK VALUE

| At 30 September 2025 | 783,544 |  |

| At 30 September 2024 | 800,000 |  |

| WESTWARD PROPERTIES LTD (REGISTERED NUMBER: 02856224) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

6. | INVESTMENT PROPERTY - continued

| Fair value at 30 September 2025 is represented by:

£ |

| Valuation in 2017 | 123,112 |  |

| Valuation in 2018 | 180,000 |  |

| Valuation in 2023 | 200,000 |  |

| Valuation in 2025 | (360,000 | ) |

| Cost | 1,000,432 |  |

1,143,544 |  |

| If Investment property had not been revalued it would have been included at the following historical cost:

2025 | 2024 |

£ | £ |

| Cost | 1,143,544 |  | 296,888 |  |

| Investment property was valued on an open market basis on 30 September 2025 by by a local estate agent .

| The Director of the company is in the opinion that the valuation of the investment property in the financial statements reflects the fair value of it at open market value.

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

2025 | 2024 |

£ | £ |

| Trade debtors | 19,515 |  | 20,435 |  |

| Other debtors | 20,588 |  | 14,893 |  |

40,103 |  | 35,328 |  |

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 14,000 |  | 14,000 |  |

| Trade creditors | 22,575 |  | 18,621 |  |

| Amounts owed to group undertakings | 2,067 |  | 2,067 |  |

| Taxation and social security | 6,315 |  | 9,144 |  |

| Other creditors | 32,452 |  | 31,653 |  |

77,409 |  | 75,485 |  |

| WESTWARD PROPERTIES LTD (REGISTERED NUMBER: 02856224) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

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

2025 | 2024 |

£ | £ |

| Bank loans | 277,298 |  | 290,888 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 207,298 |  | 220,888 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank loans | 291,298 |  | 304,888 |  |

| The National Westminster Bank PLC holds a fixed charge over the freehold property 2 Bury Road Hatfield Hertfordshire.

| By way of fixed charge the benefit of all covenants and rights concerning the property and plant machinery fixtures fittings furniture equipment implements and utensils the goodwill of any business carried on at the property and the proceeds of any insurance affecting the property or assets.

| Fixed and floating charges over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery.

11. | RESERVES

| The non-distributable reserve at the reporting date is £1,341,234 (2024- £1,431,234). It was adjusted by applying the 25% Corporation Tax rate.