Westow Street Developments Limited - Accounts to registrar (filleted) - small 23.1.2

Westow Street Developments Limited - Accounts to registrar (filleted) - small 23.1.2

WESTOW STREET DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 05257501 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

WESTOW STREET DEVELOPMENTS LIMITED
WESTOW STREET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05257501)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WESTOW STREET DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: J J Devereux





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 05257501 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certifed Accountants
Solar House
282 Chase Road
London
N14 6NZ
Page 1
WESTOW STREET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05257501)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,430,276 1,430,276

CURRENT ASSETS
Debtors 5 575,102 538,102
Cash at bank 12,981 24,920
588,083 563,022
CREDITORS
Amounts falling due within one year 6 977,144 1,014,966
NET CURRENT LIABILITIES (389,061 ) (451,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,041,215
978,332

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,041,213 978,330
SHAREHOLDERS' FUNDS 1,041,215 978,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 April 2023 and were signed by:





J J Devereux - Director


The notes form part of these financial statements

Page 2
WESTOW STREET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05257501)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Westow Street Developments 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 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 Statement of Income and Retained Earnings, 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 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 1,430,276
NET BOOK VALUE
At 28 February 2023 1,430,276
At 28 February 2022 1,430,276

Page 3 continued...
WESTOW STREET DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05257501)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2009 98,472
Valuation in 2010 530,304
Valuation in 2018 (32,057 )
Cost 833,557
1,430,276

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 468,102 468,102
Amounts due from related
company 107,000 70,000
575,102 538,102

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 14,750 16,985
VAT 3,806 4,493
Related party loans 210,000 248,000
Shareholders' loans 701,888 701,888
Directors' current accounts 43,100 40,000
Accrued expenses 3,600 3,600
977,144 1,014,966

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Highmanor Estates Ltd.

Page 4