ACCOUNTS - Final Accounts

WEST END & CITY PROPERTY FINANCE LIMITED - Company Information

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Registered number: 06149969

WEST END & CITY PROPERTY FINANCE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2020

WEST END & CITY PROPERTY FINANCE LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 5

WEST END & CITY PROPERTY FINANCE LIMITED

REGISTERED NUMBER: 06149969

BALANCE SHEET

AS AT 30 NOVEMBER 2020

	2020	2020	2019	2019
Note	£	£	£	£


Current assets
Debtors: amounts falling due within one year	4	2		2
Cash at bank and in hand	5	74,268		86,117
		74,270		86,119
Creditors: amounts falling due within one year	6	(2,910)		(12,528)
Net current assets			71,360		73,591
Total assets less current liabilities			71,360		73,591

Net assets			71,360		73,591

Capital and reserves
Called up share capital	2	2
Profit and loss account	71,358	73,589
	71,360	73,591

Page 1

WEST END & CITY PROPERTY FINANCE LIMITED

REGISTERED NUMBER: 06149969

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2020

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 July 2021.

D G Mattey

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

WEST END & CITY PROPERTY FINANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

1.	General information

West End & City Property Finance Limited is a private company, limited by sharesand incorporated in England and Wales, United Kingdom, with a registration number 06149969. The address of the registered office is Lawerence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity is that of an investment company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue represents interest receivable on advances made during the period.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

WEST END & CITY PROPERTY FINANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 3 (2019 - 3).

Debtors

					2020	2019
					£	£


Other debtors	2	2
	2	2

5.	Cash and cash equivalents
		2020	2019
		£	£

Cash at bank and in hand	74,268	86,117
	74,268	86,117

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Corporation tax	-	9,618
Accruals and deferred income	2,910	2,910
	2,910	12,528

Page 4

WEST END & CITY PROPERTY FINANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

7.	Controlling party

The company's ultimate parent is West End & City Properties Limited, a company incorporated in England and Wales.
The ultimate controlling party is The Alan Mattey Will Trust, due to its majority shareholdling in the ultimate parent company.

Page 5