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Westbrooke Home RMI Limited
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Notes to the Financial Statements
For the period ended 30 June 2025
Westbrooke Home RMI Limited ('the company') is a private company limited by shares and incorporated in England and Wales. The registered office of the company is 17 Portland Place, Marylebone, London, W1B 1PU. The registered number of the company is 15888841.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The following principal accounting policies have been applied:
Interest income is recognised in profit or loss using the effective interest method.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in loan notes are measured at amortised cost. They are initially recognised at the transaction price. Subsequently, interest income is recognised using the effective interest method and, to the extent it is not received in cash, is added to the carrying value of the investment. The carrying value increases over the life of the instrument until repayment or redemption.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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