Registration number: 01321813

Westhouse Development Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Westhouse Development Limited

(Registration number: 01321813)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	388	260
Investment property	5	592,932	732,932
		593,320	733,192
Current assets
Debtors	6	79,213	9,615
Cash at bank and in hand		57,646	24,249
		136,859	33,864
Creditors: Amounts falling due within one year	7	(33,598)	(13,442)
Net current assets		103,261	20,422
Total assets less current liabilities		696,581	753,614
Provisions for liabilities		(41,196)	(69,745)
Net assets		655,385	683,869
Capital and reserves
Called up share capital	8	116,670	116,670
Other reserves		219,885	315,305
Retained earnings		318,830	251,894
Shareholders' funds		655,385	683,869

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Westhouse Development Limited

(Registration number: 01321813)
Balance Sheet as at 31 January 2026

Approved and authorised by the director on 14 August 2026
 

Mr B Nicholson Director

Westhouse Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
49 West Street
Scawby
Brigg
North Lincolnshire
DN20 9AJ

Registration number: 01321813

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Westhouse Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% per annum on cost
Fixtures and fittings	15% per annum on cost

Investment property

Investment property is inclulded at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Westhouse Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 2 (2025 - 2).

4	Tangible assets

	Property, plant and equipment  £	Total £
Cost or valuation
At 1 February 2025	27,477	27,477
Additions	206	206
At 31 January 2026	27,683	27,683
Depreciation
At 1 February 2025	27,217	27,217
Charge for the year	78	78
At 31 January 2026	27,295	27,295
Carrying amount
At 31 January 2026	388	388
At 31 January 2025	260	260

5	Investment properties

	2026 £
At 1 February	732,932
Disposals	(140,000)
At 31 January	592,932

The property has been valued at the year end by the director based on the fair value. There has been no change in the fair value in the year.

There has been no valuation of investment property by an independent valuer.

Westhouse Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6

Debtors

Current	Note	2026 £	2025 £
Amounts owed by related parties	10	77,987	7,834
Other debtors		1,226	1,781
		79,213	9,615

7

Creditors

	2026 £	2025 £
Due within one year
Social security and other taxes	31,908	12,122
Other payables	1,690	1,320
	33,598	13,442