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

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Westbridge London Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1 Parkshot, Richmond, Surrey, TW9 2RD.

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 amounts 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.

These financial statements are prepared on the going concern basis. In assessing the appropriateness of this assumption, management has considered all relevant information about the company’s future, which extends at least, but is not limited to, 12 months from the date when the financial statements are authorised for issue.

As at the year-end, the company has a net current liability, where current liabilities exceed current assets. This is primarily due to the loan payable to the parent company, Westbridge London LLC (a US-based entity), which is classified as a current liability. The loan was advanced to the company to facilitate the acquisition of UK residential properties that are commercially let. The loan is interest-free and is repayable on demand. Additionally, the company has a loan payable to the directors, which is similarly interest-free and repayable on demand.

Both the parent company and the directors have confirmed their ongoing commitment to providing long-term support to the company. The rental income generated from the residential properties is considered a stable cash inflow, contributing to the company’s ability to meet its short-to-medium-term obligations.

Given the support from both the parent company and the directors, along with steady rental income, the directors have reasonable assurance that the company will be able to meet its obligations as they fall due for the foreseeable future.

However, should the parent company be unable to continue providing support, or if rental income from the properties is significantly reduced, there may be material uncertainties that could cast significant doubt on the company’s ability to continue as a going concern.

Turnover represents rental income that is recognised at the fair value of the consideration received or receivable in the normal course of business.

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 at the reporting end date. Changes in fair value are recognised in profit or loss.

Investment property is measured at fair value at each reporting date, with changes recognised in profit or loss. Fair value is estimated by the directors, taking into account required cladding remediation works at Maritime House, market illiquidity, and the risk that residual remediation costs could revert to the company if government funding is not fully realised.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, include debtors and cash and bank balances.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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

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.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

Investment property comprises residential apartments within Maritime House (SE18 6HB) carried at directors' valuation of £400,000 (2025: £500,000), which is below original cost. The valuation reflects significant market uncertainty regarding ongoing cladding remediation schemes and potential owner liabilities. No deferred tax asset has been recognised in respect of the resulting valuation losses as their future recovery is not sufficiently certain.

The historical cost of acquisition is £546,970.

Included within other creditors are amounts due to the directors of £37,221 (2024: £37,221). These loans are unsecured and interest free, with no fixed date for repayment. The directors have confirmed that they will not seek repayment of these amounts for a period of at least twelve months from the date these financial statements are approved and thereafter only if the company has sufficient funds available to make repayment.

The amount due to the parent company, Westbridge London LLC, of £509,924 (2024: £509,924) represents an unsecured, interest-free loan with no fixed date for repayment. The directors of the parent company have confirmed that they will not seek repayment of this amount for a period of at least twelve months from the date these financial statements are approved and thereafter only if the company has sufficient funds available to make repayment.

The parent company and ultimate controlling party of the company is Westbridge London LLC, a company incorporated in the USA and situated at 110 Lafayette Street, New York NY 10013. The LLC does not prepare consolidated financial statements and it is controlled by the company directors.