REGISTERED NUMBER: 11654488 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

WESTGATE PROPERTY INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Hook

J L Smyth

REGISTERED OFFICE:

Jock Sergisons Business Centre

Hyde Park Industrial Estate

Nelson Street

Doncaster

South Yorkshire

DN4 5AB

REGISTERED NUMBER:

11654488 (England and Wales)

FIXED ASSETS

Investment property

4

1,045,000

965,000

CURRENT ASSETS

Debtors

5

5,388

11,933

Cash at bank

1,096

1,103

6,484

13,036

CREDITORS

Amounts falling due within one year

6

208,873

199,059

NET CURRENT LIABILITIES

(202,389

)

(186,023

)

TOTAL ASSETS LESS CURRENT LIABILITIES

842,611

778,977

CREDITORS

Amounts falling due after more than one year

7

(611,760

)

(620,816

)

PROVISIONS FOR LIABILITIES

(45,353

)

(58,273

)

NET ASSETS

185,498

99,888

CAPITAL AND RESERVES

Called up share capital

100

100

Undistributable reserves

9

341,017

281,017

Retained earnings

9

(155,619

)

(181,229

)

185,498

99,888

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2026 and were signed on its behalf by:

J L Smyth - Director

1.	STATUTORY INFORMATION

Westgate Property Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

At 31 March 2026, the company had net current liabilities of £202,389 (2025:£186,023). The company is dependent on the continued support of the Directors and other creditors. Given the continuance of this support, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

965,000

Revaluations

80,000

At 31 March 2026

1,045,000

NET BOOK VALUE

At 31 March 2026

1,045,000

At 31 March 2025

965,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

302,169

Valuation in 2026

80,000

Cost

662,831

1,045,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

662,831

662,831

Investment Property was valued on an open market basis basis on 10 February 2026 by SMC Brownill Vickers Chartered Surveyors. .

The directors have reviewed movements in the property market since the date of valuation and do not consider there to have been any material change in the fair value of the investment property between 10 February 2026 and the balance sheet date of 31 March 2026

5.

DEBTORS

31.3.26

31.3.25

£

£

Amounts falling due within one year:

Trade debtors

-

11,575

Other debtors

2,838

358

2,838

11,933

Amounts falling due after more than one year:

Other debtors

2,550

-

Aggregate amounts

5,388

11,933

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

9,127

9,168

Other creditors

199,746

189,891

208,873

199,059

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

611,760

620,816

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

576,544

583,202

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Bank loans

620,887

629,984

Bank loans are secured over the property portfolio.

9.

RESERVES

Retained

Undistributable

earnings

reserves

Totals

£

£

£

At 1 April 2025

(181,229

)

281,017

99,788

Profit for the year

85,610

85,610

Reserves transfer

(60,000

)

60,000

-

At 31 March 2026

(155,619

)

341,017

185,398