Westmount Partners Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10393678 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

WESTMOUNT PARTNERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C E Bishop

Mrs R E Bishop

REGISTERED OFFICE:

14 Westmount Road

Eltham

London

SE9 1JD

REGISTERED NUMBER:

10393678 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co

Chartered Certified Accountants

4 Green Lane Business Park

238 Green lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

638

638

638

638

CURRENT ASSETS

Debtors

6

19,107

19,107

Cash at bank

38,406

38,406

57,513

57,513

CREDITORS

Amounts falling due within one year

7

29,822

29,822

NET CURRENT ASSETS

27,691

27,691

TOTAL ASSETS LESS CURRENT LIABILITIES

28,329

28,329

CREDITORS

Amounts falling due after more than one year

8

19,000

19,000

NET ASSETS

9,329

9,329

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

9,229

9,229

SHAREHOLDERS' FUNDS

9,329

9,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 29 March 2023 and were signed on its behalf by:

Mrs R E Bishop - Director

1.	STATUTORY INFORMATION

Westmount Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Equipment, Fixtures & 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

20,250

AMORTISATION

At 1 April 2021

and 31 March 2022

20,250

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

5.	TANGIBLE FIXED ASSETS

Equipment,

Fixtures

& Fittings

£

COST

At 1 April 2021

and 31 March 2022

2,690

DEPRECIATION

At 1 April 2021

and 31 March 2022

2,052

NET BOOK VALUE

At 31 March 2022

638

At 31 March 2021

638

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade Debtors

14,628

14,628

Other Debtors & Prepayments

4,479

4,479

19,107

19,107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Corporation Tax

22,646

22,646

Social Security & other Taxes

348

348

Vat Creditor

5,410

5,410

Directors' Loan Accounts

24

24

Other Creditors & Accruals

1,394

1,394

29,822

29,822

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank Loan

19,000

19,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2021

9,229

Profit for the year

-

At 31 March 2022

9,229