WESTBROOKE_INVESTMENTS_LI - Accounts

WESTBROOKE INVESTMENTS LIMITED - Company Information

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Company Registration No. 00495271 (England and Wales)

WESTBROOKE INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

WESTBROOKE INVESTMENTS LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

WESTBROOKE INVESTMENTS LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WESTBROOKE INVESTMENTS LIMITED FOR THE YEAR ENDED 30 APRIL 2014

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Westbrooke Investments Limited for the year ended 30 April 2014 which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Westbrooke Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Westbrooke Investments Limited and state those matters that we have agreed to state to the Board of Directors of Westbrooke Investments Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westbrooke Investments Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Westbrooke Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Westbrooke Investments Limited. You consider that Westbrooke Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Westbrooke Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Carpenter Box

21 January 2015

Chartered Accountants

Amelia House

Crescent Road

Worthing

West Sussex

BN11 1QR

WESTBROOKE INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 2 -

2014

2013

Notes

Fixed assets

Tangible assets

811,000

775,000

Current assets

Debtors

13,576

9,685

Cash at bank and in hand

120,456

117,310

134,032

126,995

Creditors: amounts falling due within one year

(31,085)

(35,995)

Net current assets

102,947

91,000

Total assets less current liabilities

913,947

866,000

Capital and reserves

Called up share capital

5,000

Revaluation reserve

734,605

698,605

Profit and loss account

174,342

162,395

Shareholders' funds

913,947

866,000

For the financial year ended 30 April 2014 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 January 2015

Mr I R Cheal

Mr J H Whitaker

Director

Company Registration No. 00495271

WESTBROOKE INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents rents receivable, which are recognised on a time basis.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties valued annually on an existing use open market value basis.

All investment properties are freehold properties and are not subject to an annual depreciation charge. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 May 2013

775,000

Revaluation

36,000

At 30 April 2014

811,000

At 30 April 2013

775,000

Share capital

2014

2013

Allotted, called up and fully paid

5,000 ordinary shares of £1 each

5,000