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Registration number: 05382934

Westward Financial Management Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 June 2026

Contents

Company Information | 1
Directors' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 7

Company Information

Directors | Mr Nicholas Michael Austin Mr Simon Austin

Registered office | 2 Swallow Court Sampford Peverell Tiverton England EX16 7EJ

Accountants | R S Porter & Co Limited The Old Dairy Ashton Hill Farm Weston Road, Failand Bristol BS8 3US

Directors' Report for the Year Ended 30 June 2026

The directors present their report and the financial statements for the year ended 30 June 2026.

Directors of the company

The directors who held office during the year were as follows:

Mr Nicholas Michael Austin

Mr Simon Austin

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved and authorised by the Board on 6 December 2025 and signed on its behalf by:

......................................... Mr Nicholas Michael Austin Director
......................................... Mr Simon Austin Director

(Registration number: 05382934)
Balance Sheet as at 30 June 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 5,634 | 7,042
Current assets |  |  |
Debtors | 5 | 409,000 | 409,000
Cash at bank and in hand |  | 97,615 | 85,094
|  | 506,615 | 494,094
Creditors: Amounts falling due within one year | 7 | (92,413) | (70,330)
Net current assets |  | 414,202 | 423,764
Total assets less current liabilities |  | 419,836 | 430,806
Creditors: Amounts falling due after more than one year | 7 | (145,198) | (233,027)
Net assets |  | 274,638 | 197,779
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 274,538 | 197,679
Shareholders' funds |  | 274,638 | 197,779

For the financial year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 6 December 2025 and signed on its behalf by:

......................................... Mr Nicholas Michael Austin Director
......................................... Mr Simon Austin Director

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

1 | General information

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

The address of its registered office is:
2 Swallow Court
Sampford Peverell
Tiverton
EX16 7EJ
England

These financial statements were authorised for issue by the Board on 6 December 2025.

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 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.

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.

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

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
Office equipment | 20% reducing balance

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Taxation

Tax charged/(credited) in the profit and loss account

| 2026 £ | 2025 £
Current taxation |  |
UK corporation tax | 59,171 | 49,695

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 July 2025 | 37,280 | 37,280
At 30 June 2026 | 37,280 | 37,280
Depreciation
At 1 July 2025 | 30,238 | 30,238
Charge for the year | 1,408 | 1,408
At 30 June 2026 | 31,646 | 31,646
Carrying amount
At 30 June 2026 | 5,634 | 5,634
At 30 June 2025 | 7,042 | 7,042

5 | debtors

Current | Note | 2026 £ | 2025 £
Amounts owed by related parties |  | 409,000 | 409,000
|  | 409,000 | 409,000

6 | Cash and cash equivalents

| 2026 £ | 2025 £
Cash at bank | 97,615 | 85,094

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2026

7 | Creditors

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Amounts due to related parties |  | 29,498 | 15,964
Accruals |  | 3,744 | 4,671
Income tax liability | 3 | 59,171 | 49,695
|  | 92,413 | 70,330
Due after one year |  |  |
Loans and borrowings | 10 | 145,198 | 233,027

8 | Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £58,910 (2025 - £31,032).

9 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100

10 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 145,198 | 233,027