REGISTERED NUMBER: 03353887 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

WEST POINT PLANT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M F P Regan

E Regan

SECRETARY:

E Regan

REGISTERED OFFICE:

Caitom House

Fishing Line Road

Redditch

Worcestershire

B97 6EW

REGISTERED NUMBER:

03353887 (England and Wales)

AUDITORS:

Prime

Chartered Accountants

Statutory Auditor

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Tangible assets

4

4,567,039

5,118,251

CURRENT ASSETS

Debtors

5

529,661

502,470

Cash at bank

140,874

288,003

670,535

790,473

CREDITORS

Amounts falling due within one year

6

1,317,534

1,700,121

NET CURRENT LIABILITIES

(646,999

)

(909,648

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,920,040

4,208,603

CREDITORS

Amounts falling due after more than one year

7

(629,855

)

(1,534,808

)

PROVISIONS FOR LIABILITIES

9

(719,150

)

(565,009

)

NET ASSETS

2,571,035

2,108,786

CAPITAL AND RESERVES

Called up share capital

50,100

50,100

Revaluation reserve

10

322,382

322,382

Retained earnings

10

2,198,553

1,736,304

SHAREHOLDERS' FUNDS

2,571,035

2,108,786

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 11 June 2026 and were signed on its behalf by:

M F P Regan - Director

1.	STATUTORY INFORMATION

West Point Plant 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 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced equipment and labour hire charges, excluding value added tax. The hire charges are spread equally over the period of the contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on cost

Freehold land and buildings are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Any revaluation increase in the carrying amounts of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit or loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset's original costs is transferred from revaluation reserve to retained earnings.

Freehold land and buildings relates predominantly to land held by the company which is considered to have an unlimited economic life. The related depreciation in respect of the buildings is not considered material to the financial statements and is therefore not provided.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

land and

Plant and

buildings

machinery

Totals

£

£

£

COST OR VALUATION

At 1 December 2024

950,000

7,378,869

8,328,869

Additions

-

504,001

504,001

Disposals

-

(1,765,211

)

(1,765,211

)

At 30 November 2025

950,000

6,117,659

7,067,659

DEPRECIATION

At 1 December 2024

-

3,210,618

3,210,618

Charge for year

-

919,303

919,303

Eliminated on disposal

-

(1,629,301

)

(1,629,301

)

At 30 November 2025

-

2,500,620

2,500,620

NET BOOK VALUE

At 30 November 2025

950,000

3,617,039

4,567,039

At 30 November 2024

950,000

4,168,251

5,118,251

Included in freehold land and buildings is land valued at £569,096 (2024: £569,096)

All the assets are held for use in short-term operating leases within the group.

Cost or valuation at 30 November 2025 is represented by:

Freehold

land and

Plant and

buildings

machinery

Totals

£

£

£

Valuation in 2016

278,934

-

278,934

Valuation in 2021

50,000

-

50,000

Valuation in 2024

88,120

-

88,120

Cost

532,946

6,117,659

6,650,605

950,000

6,117,659

7,067,659

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

2025

2024

£

£

Cost

532,946

532,946

Caitom House was valued on an open market basis on 11 January 2017 by John Truslove, an independent valuer .

Following the formal valuation in 2024 the directors have assessed the market value as £950,000 at the year end.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST OR VALUATION

At 1 December 2024

3,109,471

Additions

504,000

Transfer to ownership

(279,000

)

At 30 November 2025

3,334,471

DEPRECIATION

At 1 December 2024

520,949

Charge for year

544,640

Transfer to ownership

(197,213

)

At 30 November 2025

868,376

NET BOOK VALUE

At 30 November 2025

2,466,095

At 30 November 2024

2,588,522

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

477,123

491,135

Other debtors

52,538

11,335

529,661

502,470

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,293,638

1,134,537

Amounts owed to group undertakings

-

561,799

Taxation and social security

18,465

-

Other creditors

5,431

3,785

1,317,534

1,700,121

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

629,855

1,534,808

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,923,493

2,669,345

Bank borrowings are secured by a fixed and floating charge over the assets of the company. An unlimited cross guarantee also exists between the bank and West Point Construction Ltd and its fellow subsidiary West Point Plant Limited.

Hire purchase contracts are secured by the assets to which the contracts relate.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

On accelerated capital allowances

624,478

470,337

On revaluation of freehold land and buildings

94,672

94,672

719,150

565,009

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 December 2024

1,736,304

322,382

2,058,686

Profit for the year

462,249

-

462,249

At 30 November 2025

2,198,553

322,382

2,520,935

The company's reserves are as follows:

The retained earnings reserve which represents the cumulative profits or losses net of dividends paid.

The revaluation reserve is in respect gains and losses arising on the revaluation of freehold land and buildings, less deferred tax thereon.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeremy Kitson BA FCA (Senior Statutory Auditor)

for and on behalf of Prime

12.	ULTIMATE PARENT UNDERTAKING

Acastus Limited is the ultimate parent undertaking.

The group financial statements are prepared under Acastus Limited. Copies of the financial statements can be obtained from the Companies House website, or alternatively, by contacting the company at Century House, Wargrave Road, Henley-On-Thames, Oxfordshire, RG9 2LT.