Company registration number 08989669 (England and Wales)
WESTHEY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
PAGES FOR FILING WITH REGISTRAR
WESTHEY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
WESTHEY LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2026
28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
1,994,602
Investment property
4
3,525,000
-
0
3,525,000
1,994,602
Current assets
Debtors
5
41,900
-
0
Cash at bank and in hand
7,615
172,069
49,515
172,069
Creditors: amounts falling due within one year
6
(967,684)
(1,055,298)
Net current liabilities
(918,169)
(883,229)
Total assets less current liabilities
2,606,831
1,111,373
Creditors: amounts falling due after more than one year
7
-
0
(154,260)
Provisions for liabilities
(382,600)
-
Net assets
2,224,231
957,113
Capital and reserves
Called up share capital
5,000
5,000
Profit and loss reserves
8
2,219,231
952,113
Total equity
2,224,231
957,113
WESTHEY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2026
28 February 2026
- 2 -

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 July 2026
J. J. Hey
Director
Company registration number 08989669 (England and Wales)
WESTHEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 3 -
1
Accounting policies
Company information

Westhey Limited is a private company limited by shares incorporated in England and Wales. The registered office is 46-52 Cutlers Road, South Woodham Ferrers, Essex, United Kingdom, CM3 5XJ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

WESTHEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
1
Accounting policies
(Continued)
- 4 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
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 receivables and payables.

Debt instruments that are payable or receivable are measured, initially and subsequently, at the

undiscounted amount of the cash or other consideration expected to be paid or received.

1.6
Taxation

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

Current tax

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

1.7
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
0
0
WESTHEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 5 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2025
2,348,214
Transfers
(2,348,214)
At 28 February 2026
-
0
Depreciation and impairment
At 1 March 2025
353,612
Transfers
(353,612)
At 28 February 2026
-
0
Carrying amount
At 28 February 2026
-
0
At 28 February 2025
1,994,602
4
Investment property
2026
£
Fair value
At 1 March 2025
-
0
Transfers
1,994,602
Revaluations
1,530,398
At 28 February 2026
3,525,000

Investment property comprises commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 28 February 2026 by directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
41,000
-
0
Amounts owed by group undertakings
900
-
0
41,900
-
WESTHEY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2026
- 6 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
-
0
67,000
Trade creditors
112,791
63,971
Corporation tax
35,561
18,054
Other taxation and social security
5,392
3,005
Other creditors
813,940
903,268
967,684
1,055,298
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
154,260
8
Profit and loss reserves

Included within profit and loss reserves are non-distributable profits of £1,147,799 (2025: £nil).

9
Directors' transactions

At the balance sheet date, the company owed £809,996 (2025: £859,169) to directors. During the year, the company repaid £32,640 to directors. The interest rate on this balance is nil.

10
Parent company

T he company's ultimate parent undertaking is Westhey Holdings One Limited. The registered office of Westhey Holdings One Limited is 46-52 Cutlers Road, South Woodham Ferrers, Chelmsford, Essex, CM3 5XJ.

2026-02-28 2025-03-01 false false false 01 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity J. J. Hey 08989669 2025-03-01 2026-02-28 08989669 2026-02-28 08989669 2025-02-28 08989669 core:LandBuildings 2026-02-28 08989669 core:LandBuildings 2025-02-28 08989669 core:CurrentFinancialInstruments core:WithinOneYear 2026-02-28 08989669 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-28 08989669 core:Non-currentFinancialInstruments core:AfterOneYear 2026-02-28 08989669 core:Non-currentFinancialInstruments core:AfterOneYear 2025-02-28 08989669 core:CurrentFinancialInstruments 2026-02-28 08989669 core:CurrentFinancialInstruments 2025-02-28 08989669 core:ShareCapital 2026-02-28 08989669 core:ShareCapital 2025-02-28 08989669 core:RetainedEarningsAccumulatedLosses 2026-02-28 08989669 core:RetainedEarningsAccumulatedLosses 2025-02-28 08989669 bus:Director1 2025-03-01 2026-02-28 08989669 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-01 2026-02-28 08989669 2024-03-01 2025-02-28 08989669 core:LandBuildings 2025-02-28 08989669 core:LandBuildings 2025-03-01 2026-02-28 08989669 2025-02-28 08989669 core:Non-currentFinancialInstruments 2026-02-28 08989669 core:Non-currentFinancialInstruments 2025-02-28 08989669 bus:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 08989669 bus:SmallCompaniesRegimeForAccounts 2025-03-01 2026-02-28 08989669 bus:FRS102 2025-03-01 2026-02-28 08989669 bus:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 08989669 bus:FullAccounts 2025-03-01 2026-02-28 xbrli:pure xbrli:shares iso4217:GBP