REGISTERED NUMBER: 00628306 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

WESTBOURNE RESIDENCES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H M Lawson

REGISTERED OFFICE:

5 Westbourne Place

Clifton

Bristol

BS8 1RZ

REGISTERED NUMBER:

00628306 (England and Wales)

ACCOUNTANTS:

Gravita

Chartered Accountants

2nd Floor, South

One Castle Park

Tower Hill

Bristol

BS2 0JA

FIXED ASSETS

Tangible assets

4

9,691,224

9,691,864

CURRENT ASSETS

Debtors

5

1,846,851

1,932,445

Investments

6

32,597

27,982

Cash at bank

950,373

739,600

2,829,821

2,700,027

CREDITORS

Amounts falling due within one year

7

(84,473

)

(110,417

)

NET CURRENT ASSETS

2,745,348

2,589,610

TOTAL ASSETS LESS CURRENT LIABILITIES

12,436,572

12,281,474

PROVISIONS FOR LIABILITIES

(2,200,767

)

(2,200,050

)

NET ASSETS

10,235,805

10,081,424

CAPITAL AND RESERVES

Called up share capital

2,405,000

2,405,000

Revaluation reserve

7,168,836

7,168,836

Retained earnings

661,969

507,588

10,235,805

10,081,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2026 and were signed by:

H M Lawson - Director

1.	COMPANY INFORMATION

Westbourne Residences 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 company's principal activities and nature of its operations are disclosed in the Directors' Report.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

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 on the historical cost convention as modified by the revaluation of certain assets. The principal accounting policies adopted are set out below.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Financial instruments

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 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

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings 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. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Depreciation

Land is not depreciated. The directors consider that the freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result the corresponding depreciation would be immaterial and therefore not charged in the profit and loss account.

Plant and machinery is depreciated at 15% on the reducing balance basis.

Freehold properties

Freehold properties are stated at fair value which is determined from market based evidence by appraisal that is carried out by the directors. Revaluations are made with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using the fair value at the end of the reporting period.

Freehold properties are depreciated over 50 years. However, the directors believe that the estimated residual values of these properties after 50 years would not differ materially from their current carrying amount. Hence, no depreciation has been charged on these assets as any such depreciation would be immaterial to the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST OR VALUATION

At 1 September 2024

and 31 August 2025

9,687,600

156,748

9,844,348

DEPRECIATION

At 1 September 2024

-

152,484

152,484

Charge for year

-

640

640

At 31 August 2025

-

153,124

153,124

NET BOOK VALUE

At 31 August 2025

9,687,600

3,624

9,691,224

At 31 August 2024

9,687,600

4,264

9,691,864

Cost or valuation at 31 August 2025 is represented by:

Freehold

Plant and

property

machinery

Totals

£

£

£

Valuation in 2017

8,993,367

-

8,993,367

Valuation in 2018

186,228

-

186,228

Valuation in 2019

189,953

-

189,953

Cost

318,052

156,748

474,800

9,687,600

156,748

9,844,348

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

2025

2024

£

£

Cost

318,052

318,052

The freehold property was valued on an open market basis on 31 August 2025 by the director .

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

21,525

-

Other debtors

81,175

188,294

Called up share capital not paid

536,491

536,491

639,191

724,785

Amounts falling due after more than one year:

Other debtors

1,207,660

1,207,660

Aggregate amounts

1,846,851

1,932,445

6.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

32,597

27,982

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,739

-

Tax

51,778

81,345

VAT

22,076

23,307

Accruals and deferred income

5,880

5,765

84,473

110,417

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

24,167

9.	RELATED PARTY DISCLOSURES

Mr H M Lawson is also Director of Television and Film Productions PLC. At the end of the year the Company was owed £1,288,834 (2024: £1,395,954) in respect of an interest free loan with no set date of repayment. These amounts are included in other debtors.

10.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by Mr H M Lawson, a director.