Westgrove Management Limited - Filleted accounts

Westgrove Management Limited
Registered number:		04632850
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		-			97
Investment property	4		1,787,089			1,787,089
			1,787,089			1,787,186

Current assets
Debtors	5	155,755			630
Cash at bank and in hand		1,460			357
		157,215			987

Creditors: amounts falling due within one year	6	(1,658,959)			(1,542,231)

Net current liabilities			(1,501,744)			(1,541,244)

Total assets less current liabilities			285,345			245,942

Provisions for liabilities			(35,562)			(35,562)


Net assets			249,783			210,380

Capital and reserves
Called up share capital			1			1
Non-distributable fair value reserve			122,937			122,937
Profit and loss account			126,845			87,442

Shareholder's funds			249,783			210,380

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A J Bloom
Director
Approved by the board on 7 September 2026

Westgrove Management Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is attributable to property rental income and associated fees. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised at the point the company fulfils its commercial obligations to the customer, the revenue and costs in respect of the transaction can be measured reliably and collectability is reasonably assured.

	Investment property
	Investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred tax is provided on these gain at the rate expected to apply when the property is sold. A transfer is made from the profit and loss account to a non-distributable fair value reserve for the value of gains and losses and related deferred tac arising in the period, so that the non-distributable gains and losses can be seperately identified.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Fixtures, fittings and equipment			over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees					2026		2025
Number							Number

	Average number of persons (including directors) employed by the company					1		1


3	Tangible fixed assets
								Fixtures, fittings and equipment
£
	Cost
	At 1 April 2025							779
	At 31 March 2026							779

	Depreciation
	At 1 April 2025							682
	Charge for the year							97
	At 31 March 2026							779

	Net book value
	At 31 March 2026							-
	At 31 March 2025							97


4	Investment property

Land and
buildings
£
	Fair value
	At 1 April 2025							1,787,089

	At 31 March 2026							1,787,089

	In accordance with FRS 102 the director has assessed the fair value of the investment properties held by the Company. The assessment did not result in any revaluation during the year ended 31 March 2026.
	The director does not hold a relevant professional qualification but has in excess of 20 years of property experience. The director used his judgement of the property market, supplemented by discussions with local estate agents, to determine the fair value of investment properties. This included carrying out research into current market valuations and recent transactions involving properties of a similar size and at a similar location to the properties held by the company as investments.


5	Debtors					2026		2025
£							£

	Other debtors					155,755		630
						155,755		630


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Taxation and social security costs					7,111		-
	Other creditors					1,651,848		1,542,231
						1,658,959		1,542,231


7	Loan to director
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	A J Bloom
	Loan to director	-		154,718		-		154,718

		-		154,718		-		154,718

	The loan has been repaid subsequent to the year end.


8	Related party transactions

	Included in other debtors at 31 March 2026 is an amount owed by the director to the company of £154,718. Included in interest receivable is interest receivable from the director on the loan of £1,109.The loan including interest has been repaid subsequent to the year end. Included in other creditors at 31 March 2025 is an amount owed by the company to the director of £847,141. The loan was repayable on demand.


9	Other information

	Westgrove Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Academic House
	24-28 Oval Road
	London
	NW1 7DJ