REGISTERED NUMBER: 00406312 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

W.Westerman Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L A Roberts

R B Westerman

SECRETARY:

L A Roberts

REGISTERED OFFICE:

The Mills

Canal Steet

Derby

Derbyshire

DE1 2RJ

REGISTERED NUMBER:

00406312 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investments

4

236,951

236,486

CURRENT ASSETS

Stocks

8,368,987

7,526,446

Debtors

5

2,716,312

3,638,273

Cash at bank

937,222

1,266,267

12,022,521

12,430,986

CREDITORS

Amounts falling due within one year

6

2,025,006

2,118,451

NET CURRENT ASSETS

9,997,515

10,312,535

TOTAL ASSETS LESS CURRENT LIABILITIES

10,234,466

10,549,021

CAPITAL AND RESERVES

Called up share capital

101,822

101,822

Other reserves

4,548,509

4,548,509

Retained earnings

5,584,135

5,898,690

SHAREHOLDERS' FUNDS

10,234,466

10,549,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 July 2026 and were signed on its behalf by:

L A Roberts - Director

1.	STATUTORY INFORMATION

W.Westerman 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.

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.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services to external customers in the ordinary nature of the business. The fair value of consideration takes into account trade discounts. Turnover is shown net of Value Added Tax.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as deferred income.

Sale of land and houses

Turnover is recognised when it and the associated costs can be measured reliably, future economic benefits are probable, and the risks and rewards of ownership have been transferred to the customer. Sales of land and houses are recognised when legal title has passed and the company has no continuing managerial involvement associated with ownership or effective control of the land and houses sold.

Sale of goods

Turnover is recognised when it and the associated costs can be measured reliably, future economic benefits are probable, and the risks and rewards of ownership have been transferred to the customer. Sale of goods are recognised when goods are delivered and legal title has passed. This is generally when goods have been checked and accepted by the customer on delivery.

Construction contracts

The recognition of turnover from construction contracts is set out in the accounting policy below.

Rents received

Rental income derived from investment properties is recognised on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress. Borrowing costs directly attributable to work in progress are capitalised within work in progress until such a time as the land or houses are sold.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in the profit and loss account.

Fixed asset investments

Interests in jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the statement of comprehensive income.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

Jointly controlled arrangement

The company has an arrangement with other parties which is jointly controlled. The company's share of any income and expenditure incurred in the year is reported within the company's profit and loss account and the company's share of any assets and liabilities are included within the balance sheet at the year end.

Retirement benefits

The company operates a defined contribution pension scheme. For defined contribution schemes the amount charged to the profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, and it probable that the contract will be profitable, turnover and costs are recognised over the period of the contract.

When it is probable that total contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract turnover is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred.

The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided is it probably they will be recovered.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	FIXED ASSET INVESTMENTS

2026

2025

£

£

Participating interests

7,500

7,500

Loans to undertakings in which the company has a participating interest

229,451

228,986

236,951

236,486

Additional information is as follows:

Interest

in joint

venture

£

COST

At 1 February 2025

and 31 January 2026

7,500

NET BOOK VALUE

At 31 January 2026

7,500

At 31 January 2025

7,500

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Clowes Westerman Limited

Registered office: Ednaston Park, Painters Lane, Ednaston, Ashbourne, Derbyshire, DE6 3FA

Nature of business: Sale of commercial properties

%

Class of shares:

holding

Ordinary

50.00

Loans to

joint

ventures

£

At 1 February 2025

228,986

New in year

465

At 31 January 2026

229,451

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

2,696,955

3,592,593

Other debtors

14,357

19,314

Tax

-

20,366

Prepayments

5,000

6,000

2,716,312

3,638,273

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

82,194

146,405

Social security and other taxes

5,122

5,574

Accruals and deferred income

1,937,690

1,966,472

2,025,006

2,118,451

7.	ULTIMATE CONTROLLING PARTY

At the balance sheet date the ultimate parent company was W.Westerman (Group Holdings) Limited.