Howorth Westbury Properties Limited 30/11/2025 iXBRL

Company registration number: 07283258

Howorth Westbury Properties Limited

Unaudited filleted financial statements

30 November 2025

Howorth Westbury Properties Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Howorth Westbury Properties Limited

Statement of financial position

30 November 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	9,909,506		9,915,682
		_______		_______
			9,909,506		9,915,682

Current assets
Debtors	6	1,013,375		298,307
Cash at bank and in hand		448,663		35,115
		_______		_______
		1,462,038		333,422
Creditors: amounts falling due
within one year	7	( 692,875)		( 1,545,515)
		_______		_______
Net current assets/(liabilities)			769,163		( 1,212,093)
			_______		_______
Total assets less current liabilities			10,678,669		8,703,589

Creditors: amounts falling due
after more than one year	8		( 3,865,592)		( 2,029,791)

Provisions for liabilities			( 1,126,311)		( 1,126,311)

			_______		_______
Net assets			5,686,766		5,547,487
			_______		_______

Capital and reserves
Called up share capital			800		800
Other reserves			3,119,311		3,119,311
Profit and loss account			2,566,655		2,427,376
			_______		_______
Shareholders funds			5,686,766		5,547,487
			_______		_______

For the year ending 30 November 2025 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 financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

Mr. A C Parker

Director

Company registration number: 07283258

Howorth Westbury Properties Limited

Statement of changes in equity

Year ended 30 November 2025

	Called up share capital	Other reserves	Profit and loss account
	£	£	£


At 1 December 2023	800	3,737,794	1,891,601

Profit/(loss) for the year			( 82,708)
Other comprehensive income for the year (note )	-	3,119,311	618,483
	_______	_______	_______
Total comprehensive income for the year	-	( 618,483)	535,775

	_______	_______	_______
At 30 November 2024 and 1 December 2024	800	3,119,311	2,427,376

Profit/(loss) for the year			139,279
Other comprehensive income for the year (note )	-	3,119,311	-
	_______	_______	_______
Total comprehensive income for the year	-	-	139,279

	_______	_______	_______
At 30 November 2025	800	3,119,311	2,566,655
	_______	_______	_______

Howorth Westbury Properties Limited

Notes to the financial statements

Year ended 30 November 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	4 %	straight line
Fittings fixtures and equipment	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1 December 2024	9,850,000	118,844	17,990	9,986,834
Additions	-	-	2,248	2,248
	_______	_______	_______	_______
At 30 November 2025	9,850,000	118,844	20,238	9,989,082
	_______	_______	_______	_______
Depreciation
At 1 December 2024	-	62,067	9,085	71,152
Charge for the year	-	4,754	3,670	8,424
	_______	_______	_______	_______
At 30 November 2025	-	66,821	12,755	79,576
	_______	_______	_______	_______
Carrying amount
At 30 November 2025	9,850,000	52,023	7,483	9,909,506
	_______	_______	_______	_______
At 30 November 2024	9,850,000	56,777	8,905	9,915,682
	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	174,296	207,776
Other debtors	839,079	90,531
	_______	_______
	1,013,375	298,307
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	416,769	634,743
Trade creditors	3,135	44,106
Corporation tax	49,103	233,486
Social security and other taxes	23,521	32,873
Other creditors	200,347	600,307
	_______	_______
	692,875	1,545,515
	_______	_______

Bank loans of £416,769 (2024 £634,743) are secured on all present and future assets of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	3,865,592	2,024,776
Other creditors	-	5,015
	_______	_______
	3,865,592	2,029,791
	_______	_______

Bank loans of £3,865,592 (2024 £2,024,776) are secured on all present and future assets of the company.

9. Fair value reserve

Included within other reserves is the fair value reserve as follows:

	2025	2024
	£	£
At start of year	3,119,311	3,737,794
Reclassification from fair value reserve to profit and loss account	-	( 618,483)
	_______	_______
At end of year	3,119,311	3,119,311
	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr. A C Parker	( 326,067)	1,118,067	-	792,000
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr. A C Parker	( 1,158,070)	( 2,023,931)	2,855,934	( 326,067)
		_______	_______	_______	_______

The loan is provided on an interest free basis and is repayable on demand.