West Parade Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02400652 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

WEST PARADE ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Eades

P R Mitchell

M V Morton

D R Oxbrow

E M Seabrook

A J Stevens

J M Evans

V Claxton

REGISTERED OFFICE:

Unit 4-6 Collington Mansions

Collington Avenue

Bexhill on Sea

East Sussex

TN39 3PU

REGISTERED NUMBER:

02400652 (England and Wales)

AUDITORS:

Ashdown Hurrey Auditors Limited

Statutory Auditor

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

193,027

193,079

CURRENT ASSETS

Debtors

5

70,534

66,078

Cash at bank and in hand

254,554

196,205

325,088

262,283

CREDITORS

Amounts falling due within one year

6

307,255

244,502

NET CURRENT ASSETS

17,833

17,781

TOTAL ASSETS LESS CURRENT LIABILITIES

210,860

210,860

CAPITAL AND RESERVES

Called up share capital

190,000

190,000

Retained earnings

20,860

20,860

210,860

210,860

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 1 July 2022 and were signed on its behalf by:

P R Mitchell - Director

1.	STATUTORY INFORMATION

West Parade Estates Limited 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

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

Turnover relates to administrative charges demanded from each of the four blocks in West Parade Estates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2021

and 31 December 2021

192,873

9,948

202,821

DEPRECIATION

At 1 January 2021

-

9,742

9,742

Charge for year

-

52

52

At 31 December 2021

-

9,794

9,794

NET BOOK VALUE

At 31 December 2021

192,873

154

193,027

At 31 December 2020

192,873

206

193,079

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Prepayments

70,534

66,078

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

32,180

-

Tax

135

115

Social security and other taxes

296

745

Maintenance account

268,630

236,931

Accrued expenses

6,014

6,711

307,255

244,502

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

STEVE SAMPSON BFP FCA FCIE DChA (Senior Statutory Auditor)

for and on behalf of Ashdown Hurrey Auditors Limited

8.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.